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OEM Retractable Roof System Market by Sales Channel (OEM, and After-market), by Vehicle (Passenger Cars, Sedan Cars, Compact, Executive, SUV/MUV, Luxury, Sports, Premium, Hatchbacks, and Light Commercial Vehicles), by Roof Type (Hard-top Roof System, Soft-top Roof System, Retractable Roof System, and Non-retractable Roof System), by Material (Aluminum, Steel, and Polycarbonate): Global Opportunity Analysis and Industry Forecast, 2020–2027

A11394
Pages: NA
Aug 2021 | 65 Views
 
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
 

COVID-19

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OEM Retractable Roof System Market Outlook 2027 -

OEM retractable roof system facilitates the flow of fresh air and sunlight inside a car without disturbing the aerodynamic of a vehicle. With the rapid increase in demand for premium vehicles, the demand for retractable roof system is also expected to boost in the near future. There has been a massive development with the introduction of various types of roof systems such as sunroof system, panorama roof system, panorama with sunroof system, multi-optional roof, roof system with solar technology, and others.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Sales Channel, Vehicle, Roof Type, and Material

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Webasto Group, Magna International Inc., Valmet Automotive Inc., Inteva Products, Covestro AG, Inalfa Roof Systems Group B.V, AAS Automotive s.r.o., AISIN SEIKI Co. Ltd., ALUPROF Aluminum profile GmbH., and BOS Group

 

COVID-19 scenario analysis:

  • The pandemic has affected the automobile industry. The industry was already suffering from the last few months due to change in engine norms in many developing countries.
  • Companies have faced tremendous losses due to complete lockdown as the supply, sales, and demand were kept on hold for months.
  • The whole automotive value chain has been suffering as many countries are dependent on others for manufacturing.
  • “Just-in-Time” production, global networks, and lean inventory make the supply chain vulnerable to disruption.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Increase in demand for premium vehicles and innovations in materials to drive the convertible roof system are expected to drive the growth of the market. Moreover, low penetration of convertible roof system in the mid-range segment of vehicles is estimated to restrain the growth of the market. Furthermore, increase in penetration of convertible roof system in SUVs is expected to provide lucrative opportunities for the market.

The OEM retractable roof system market trends are as follows:

Increased demand for premium vehicles:

Increase in demand for mid and premium range cars across the world boosts the growth of the global market. However, there is a rising demand for convertible automobiles in many developing countries due to their sporty looks. Furthermore, government policies on limitations of hazardous emissions are forcing key players to manufacture lightweight vehicles, thereby driving the market growth. Therefore, this is estimated to fuel the global automotive roof system market.

Innovations in materials to drive the convertible roof system:

Changing lifestyle of individuals, including rising income and comfort is anticipated to drive the automotive roof system market across the globe. In addition, growing marketplace for MUV and SUV is expected to fuel the global automotive roof system market. However, considerable amount of growth is predicted within the aftermarket segment of the global automotive roof top system market.

Key segments covered:

Segments

Sub-segments

  Sales Channel

  • OEM
  • After-market

  Vehicle

  • Passenger Cars
  • Sedan Cars
  • Compact
  • Executive
  • SUV/MUV
  • Luxury
  • Sports
  • Premium
  • Hatchbacks
  • Light Commercial Vehicles

  Roof Type

  • Hard-top Roof System
  • Soft-top Roof System
  • Retractable Roof System
  • Non-retractable Roof System

  Material

  • Aluminum
  • Steel
  • Polycarbonate


Key benefits of the report:

  • This study presents the analytical depiction of the OEM retractable roof system market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global OEM retractable roof system market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the OEM retractable roof system market research report:

  • Which are the leading market players active in the OEM retractable roof system market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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