Automotive Roof System Market - Forecast(2024 - 2030)
Automotive Roof System Market Overview
The Global Automotive Roof System market size is forecast to reach $42.9 billion by
2026, growing at a CAGR of 7.9% from 2021 to 2026. Owing to various
advancements in the automotive roof systems, sunroof systems, panorama roof
system and others have gained wide popularity across various end use
applications. Adoption of new materials such as glass fibre and fibre plastic
composites have also paved the growth of automotive roof systems overtime owing
to serving light weight construction of vehicles. Growing advancement towards solar powered roof systems along with high investments
from automakers on designing convertible or foldable rooftop integrated
vehicles have also emerged as some of the major factors analyzed to drive the
market growth of automotive roof systems in the long run. Rising deployment of
convertible roof tops within various automotive models coupled with growing demand
for premium, luxury cars and others are also set to influence the growth of
automotive roof system in the coming years.
Report Coverage
The
report: “Automotive Roof System Industry
Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis
of the following segments of the Automotive Roof System industry.
By Type: Convertible Roof System,
Panorama Roof System, Sunroof System, Light Weight Roof System, Multi-optional
Roof System, In-Built Roof System, Others
By Rooftop
Type: Hard-top Roof Systems (Retractable
roof systems, Non-retractable roof systems), Soft-top Roof Systems
By Material: Aluminium, Steel, Polycarbonate,
Glass-plastic Composites, Fiber-reinforced Composites, Others
By Mounting Structure: Fixed, Non-Fixed/Movable
By Sales Channel: OEM, Aftermarket
By Vehicle Type: Passenger Cars (Premium SUVs,
Hatchbacks, Sedan, Luxury Cars, Sports Cars, Small/Compact Cars, Others), Light
Commercial Vehicles
By Geography: North America (U.S, Canada,
Mexico), Europe (U.K, Germany, France, Italy, Spain, Others), APAC (China, Japan,
South Korea, India, Australia, Others), South America (Brazil, Argentina, Others)
and RoW (Middle East, Africa)
Key Takeaways
- Growing advancements towards solar powered roof system as well as increasing investments from automakers towards convertible/foldable rooftop designed vehicles is analysed to significantly drive the Automotive Roof System market during the forecast period 2021-2026.
- Passenger Cars segment is anticipated to grow with the highest CAGR during 2021-2026, attributing to factors including increasing sales, growing demand for sunroofs in passenger vehicles and many others.
- APAC Automotive Roof System Market held the largest share in 2020, owing to increasing demand for luxury and premium vehicles with others.
Global Automotive Roof System Market Value Share, By Region, 2020 (%)
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Automotive Roof System Market Segment Analysis- By Type
Based on type segmentation, Convertible Roof
System is analysed to grow with the highest CAGR of around 7.4% in the global
automotive roof system market during the forecast period 2021-2026. Convertible
Roof Systems help in transforming from a roof top model to an open top model
due to its capability of having a foldable or removable roof, which had been
attributing to its higher adoptability across automotive markets. Since these
type of roof systems provide an open air driving experience, with the ability
to adjust rooftop as per requirement, they have gained wide popularity towards
developing classic, premium or luxury vehicles with an innovative design. In
addition, rising demand towards premium vehicles as well as high investments
towards foldable or convertible rooftop designs by some of the leading
automakers including Mercedes-Benz, Audi, BMW and many others is set to boost
the growth of convertible roof systems in the long run. In September 2020, Webasto
had revealed about its collaboration with Imagine Intelligent Materials in
order to jointly work on an innovation project for a convertible roof system
with an integrated anti-pitch protection, showcased at EXPO 8 for the open
innovation platform named “Startup Autobahn”. Development of this roof system
was done through covering roof fabric using a graphene layer, which will act as
a super sensor capable of ending opening or closing movements immediately. Such
innovation projects from leading market vendors of roof systems will further
propel the need for convertible roof systems in the coming time.
Automotive
Roof System Market Segment Analysis- By Vehicle Type
Passenger Cars
segment is analyzed to account with the highest CAGR of around 6.5% in the
global Automotive Roof System market during 2021-2026. Roof top systems within
passenger cars such as SUVs, luxury cars, and others play a major role in
enhancing the vehicular interior designing standards. Factors such as
increasing sales of passenger cars, coupled with upgrading or designing
existing vehicles as well as shift towards light weight vehicles can be
considered as some of the major drivers impacting the growth of automotive roof
systems. Growing investments on
implementing attractive and premium look particularly for premium cars, luxury
vehicles, and so on from some of the key automotive companies along with
increasing demands for sunroof passenger vehicles can also fuel the market
growth forward in the coming time. In September 2020, Tata announced about the
launch of a new variant of its affordable sunroof car, named Harrier XT+. This
development was meant to allow customers to have a massive panoramic sunroof, eliminating the
additional need to spend on the top-end variant. Such factors are further set
to drive the market growth of automotive roof systems within passenger car
vehicles in the long run.
Automotive Roof System Market Segment Analysis- By Geography
APAC region
had contributed with the largest market share of around 35% in 2020, and is
also analysed to have a significant growth over the forecast period 2021-2026. Factors
such as growing demand towards luxury vehicles, rapid urbanization, along with
shift towards convertible roof top designed vehicles have attributed to the
market growth of automotive roof system across the region. High investments on
developing lightweight vehicles, growing shift towards electric vehicles as
well as surge in premium cars adoption will further raise its market growth in
the coming time. Changing customer preferences, rising focus of automakers
towards deploying advanced automotive components or accessories and so on will
also help in driving the market growth forward. In October 2020, an Indian key
automaker, Mahindra and Mahindra announced about the launch of its iconic SUV,
named Thar with a convertible soft top on selected variants for the Indian
market. This convertible top can be easily folded or retracted as per user
requirement, which is set to fuel the demand for automotive roof systems in the
coming time.
Automotive
Roof System Market Drivers
Increasing investments from automakers towards
convertible/foldable rooftop designed vehicles
Increasing investments from
automakers towards convertible/foldable rooftop designed vehicles act as a
major driver boosting the market growth of automotive roof systems. Convertible
or foldable rooftop designs help the automakers to offer a premium and classy
look along with reducing the overall weight of the vehicles. With shift of
customers towards innovative designs and attractive featured vehicles, adoption
of convertible or foldable rooftops help the automakers to gain new customers
as well as sustain the rising market competition overtime. Some of the major
automotive manufacturers like BMW, Volkswagen, Mercedes-Benz, Porsche, and
others have already started investing on modernizing up their premium, sport
cars and related models. In May 2020, Volkswagen announced about the launch of its
first convertible SUV, named T-Roc Cabriolet in Germany, incorporated with a
fully automatic and electrohydraulic soft top, starting with a price of $ 33.7. Development of this
convertible SUV with a soft top, is capable of offering easy control using a
central switch or remote control key. Such advancements towards manufacturing
convertible or foldable roof top designed vehicles by key automakers can
further help in driving the market growth forward in the long run.
Growing advancements towards solar powered roof system drives
the market forward:
Growing
advancements towards solar powered roof system can also be considered as a
major factor driving the growth of Automotive Roof System market. Shift
towards ongoing trends in the automotive industry related to fuel consumption
reduction, limiting the extent of harmful vehicle C02 emissions and many others,
have eventually created a significant rise on the adoption of solar technology
overtime. Leveraging environment friendly solar power technology within roof
systems can help the end use customers to utilize charging functionality for
electric vehicle range, which in turn attributes to its market growth.
Moreover, owing to governmental regulations regarding vehicular emissions or
using clean fuel alternatives along with increasing support towards developing
electric vehicles overtime is set to fuel the demand for solar powered roof
tops in the coming time. In August 2019,
Hyundai Motor announced about the launch of its first car equipped with a solar
charging system, named Sonata Hybrid. This development was a part of improving
fuel efficiency, preventing battery discharge problems with CO2 emission
reduction, alongside promoting battery charging during driving conditions and
increasing driver’s travelling distance by 1300 km annually. With this, the
company had also revealed its plans of rolling out this eco-friendly technology
for its other vehicle range as well in the coming years, advancing towards a
sustainable future.
Automotive Roof System Market Challenges
High Costs:
High costs related to installation, maintenance or
repair can be considered as one of the major factors impeding the market growth
of automotive roof system. Compared to previous or older models, where rooftops
were operated manually have been replaced with electric operated ones nowadays,
creating the high complexities related to wear and tear issues, regular
maintenance and operational costs. Installation or integration processes
related to electrically operated rooftops incurs use of additional electric
components including sensors, motors, mechanical assemblies and so on, which eventually
adds up to the overall manufacturing costs for the automotive manufacturers. In
addition, rooftops made up of glass materials have a limited serviceability as
they can break or crack after long term use, which creates the need for
expensive replacement or repair expenses, thereby slowing down its adoption in
the end use markets. Furthermore, advancements such as usage of expensive
materials towards designing rooftops along with its higher deployment across
premium and luxury vehicles, owing to high price constraints will further
hamper its market growth in the long run.
Automotive Roof System Market Landscape
Product launches, collaborations,
and R&D activities are key strategies adopted by players in the Automotive
Roof System market. Automotive Roof System top 10 companies include Magna
International Inc., Webasto Group, Covestro AG, Valmet Automotive Inc., AAS
Automotive, Inalfa Roof Systems Group, Haartz Corporation, Aisin Seiki, CIE
Automotive and Inteva Products LLC among others.
Acquisitions/Technology Launches/Partnerships
- In November 2020, Valmet Automotive announced about its sale of its engineering services business Mutares SE & Co. KGaA, in order to focus on roof and kinematic systems as well as manufacturing engineering vehicle products.
- In November 2020, Webasto announced about its collaboration with Chevrolet in order to support the launch of iconic 2020 Corvette Stingray with their retractable hardtop convertible roof system. This collaboration was done as a part of enhancing the vehicle’s bold exterior styling feature, resulting to an industry breakthrough for its customers.
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LIST OF TABLES
1.Global Automotive Roof System Market Analysis and Forecast, by Type Market 2023-2030 ($M)2.Global Automotive Roof System Market Analysis and Forecasts, by Material Market 2023-2030 ($M)
3.Global Automotive Roof System Market Analysis and Forecast, by Passenger Vehicle Type Market 2023-2030 ($M)
4.Global Automotive Roof System Market Analysis and Forecast, by Sales Channel Market 2023-2030 ($M)
5.Global Competition Landscape Market 2023-2030 ($M)
5.1 Executive Bios/ Key Executive Changes Market 2023-2030 ($M) - Global Industry Research
5.1.1 AAS Automotive s.r.o. Market 2023-2030 ($M)
5.1.2 AISIN SEIKI Co., Ltd. Market 2023-2030 ($M)
5.1.3 ALUPROF Aluminiumprofile GmbH. Market 2023-2030 ($M)
5.1.4 BOS Group Market 2023-2030 ($M)
5.1.5 CIE Automotive Market 2023-2030 ($M)
5.1.6 Covestro AG Market 2023-2030 ($M)
5.1.7 GAHH, LLC Market 2023-2030 ($M)
5.1.8 Inalfa Roof Systems Group B.V. Market 2023-2030 ($M)
5.1.9 Inteva Products Market 2023-2030 ($M)
5.1.10 JAC Products. Market 2023-2030 ($M)
5.1.11 Magna International Inc. Market 2023-2030 ($M)
5.1.12 THE HAARTZ CORPORATION Market 2023-2030 ($M)
5.1.13 Valmet Automotive Market 2023-2030 ($M)
5.1.14 Webasto Market 2023-2030 ($M)
6.Global Automotive Roof System Market Analysis and Forecast, by Type Market 2023-2030 (Volume/Units)
7.Global Automotive Roof System Market Analysis and Forecasts, by Material Market 2023-2030 (Volume/Units)
8.Global Automotive Roof System Market Analysis and Forecast, by Passenger Vehicle Type Market 2023-2030 (Volume/Units)
9.Global Automotive Roof System Market Analysis and Forecast, by Sales Channel Market 2023-2030 (Volume/Units)
10.Global Competition Landscape Market 2023-2030 (Volume/Units)
10.1 Executive Bios/ Key Executive Changes Market 2023-2030 (Volume/Units) - Global Industry Research
10.1.1 AAS Automotive s.r.o. Market 2023-2030 (Volume/Units)
10.1.2 AISIN SEIKI Co., Ltd. Market 2023-2030 (Volume/Units)
10.1.3 ALUPROF Aluminiumprofile GmbH. Market 2023-2030 (Volume/Units)
10.1.4 BOS Group Market 2023-2030 (Volume/Units)
10.1.5 CIE Automotive Market 2023-2030 (Volume/Units)
10.1.6 Covestro AG Market 2023-2030 (Volume/Units)
10.1.7 GAHH, LLC Market 2023-2030 (Volume/Units)
10.1.8 Inalfa Roof Systems Group B.V. Market 2023-2030 (Volume/Units)
10.1.9 Inteva Products Market 2023-2030 (Volume/Units)
10.1.10 JAC Products. Market 2023-2030 (Volume/Units)
10.1.11 Magna International Inc. Market 2023-2030 (Volume/Units)
10.1.12 THE HAARTZ CORPORATION Market 2023-2030 (Volume/Units)
10.1.13 Valmet Automotive Market 2023-2030 (Volume/Units)
10.1.14 Webasto Market 2023-2030 (Volume/Units)
11.North America Automotive Roof System Market Analysis and Forecast, by Type Market 2023-2030 ($M)
12.North America Automotive Roof System Market Analysis and Forecasts, by Material Market 2023-2030 ($M)
13.North America Automotive Roof System Market Analysis and Forecast, by Passenger Vehicle Type Market 2023-2030 ($M)
14.North America Automotive Roof System Market Analysis and Forecast, by Sales Channel Market 2023-2030 ($M)
15.North America Competition Landscape Market 2023-2030 ($M)
15.1 Executive Bios/ Key Executive Changes Market 2023-2030 ($M) - Regional Industry Research
15.1.1 AAS Automotive s.r.o. Market 2023-2030 ($M)
15.1.2 AISIN SEIKI Co., Ltd. Market 2023-2030 ($M)
15.1.3 ALUPROF Aluminiumprofile GmbH. Market 2023-2030 ($M)
15.1.4 BOS Group Market 2023-2030 ($M)
15.1.5 CIE Automotive Market 2023-2030 ($M)
15.1.6 Covestro AG Market 2023-2030 ($M)
15.1.7 GAHH, LLC Market 2023-2030 ($M)
15.1.8 Inalfa Roof Systems Group B.V. Market 2023-2030 ($M)
15.1.9 Inteva Products Market 2023-2030 ($M)
15.1.10 JAC Products. Market 2023-2030 ($M)
15.1.11 Magna International Inc. Market 2023-2030 ($M)
15.1.12 THE HAARTZ CORPORATION Market 2023-2030 ($M)
15.1.13 Valmet Automotive Market 2023-2030 ($M)
15.1.14 Webasto Market 2023-2030 ($M)
16.South America Automotive Roof System Market Analysis and Forecast, by Type Market 2023-2030 ($M)
17.South America Automotive Roof System Market Analysis and Forecasts, by Material Market 2023-2030 ($M)
18.South America Automotive Roof System Market Analysis and Forecast, by Passenger Vehicle Type Market 2023-2030 ($M)
19.South America Automotive Roof System Market Analysis and Forecast, by Sales Channel Market 2023-2030 ($M)
20.South America Competition Landscape Market 2023-2030 ($M)
20.1 Executive Bios/ Key Executive Changes Market 2023-2030 ($M) - Regional Industry Research
20.1.1 AAS Automotive s.r.o. Market 2023-2030 ($M)
20.1.2 AISIN SEIKI Co., Ltd. Market 2023-2030 ($M)
20.1.3 ALUPROF Aluminiumprofile GmbH. Market 2023-2030 ($M)
20.1.4 BOS Group Market 2023-2030 ($M)
20.1.5 CIE Automotive Market 2023-2030 ($M)
20.1.6 Covestro AG Market 2023-2030 ($M)
20.1.7 GAHH, LLC Market 2023-2030 ($M)
20.1.8 Inalfa Roof Systems Group B.V. Market 2023-2030 ($M)
20.1.9 Inteva Products Market 2023-2030 ($M)
20.1.10 JAC Products. Market 2023-2030 ($M)
20.1.11 Magna International Inc. Market 2023-2030 ($M)
20.1.12 THE HAARTZ CORPORATION Market 2023-2030 ($M)
20.1.13 Valmet Automotive Market 2023-2030 ($M)
20.1.14 Webasto Market 2023-2030 ($M)
21.Europe Automotive Roof System Market Analysis and Forecast, by Type Market 2023-2030 ($M)
22.Europe Automotive Roof System Market Analysis and Forecasts, by Material Market 2023-2030 ($M)
23.Europe Automotive Roof System Market Analysis and Forecast, by Passenger Vehicle Type Market 2023-2030 ($M)
24.Europe Automotive Roof System Market Analysis and Forecast, by Sales Channel Market 2023-2030 ($M)
25.Europe Competition Landscape Market 2023-2030 ($M)
25.1 Executive Bios/ Key Executive Changes Market 2023-2030 ($M) - Regional Industry Research
25.1.1 AAS Automotive s.r.o. Market 2023-2030 ($M)
25.1.2 AISIN SEIKI Co., Ltd. Market 2023-2030 ($M)
25.1.3 ALUPROF Aluminiumprofile GmbH. Market 2023-2030 ($M)
25.1.4 BOS Group Market 2023-2030 ($M)
25.1.5 CIE Automotive Market 2023-2030 ($M)
25.1.6 Covestro AG Market 2023-2030 ($M)
25.1.7 GAHH, LLC Market 2023-2030 ($M)
25.1.8 Inalfa Roof Systems Group B.V. Market 2023-2030 ($M)
25.1.9 Inteva Products Market 2023-2030 ($M)
25.1.10 JAC Products. Market 2023-2030 ($M)
25.1.11 Magna International Inc. Market 2023-2030 ($M)
25.1.12 THE HAARTZ CORPORATION Market 2023-2030 ($M)
25.1.13 Valmet Automotive Market 2023-2030 ($M)
25.1.14 Webasto Market 2023-2030 ($M)
26.APAC Automotive Roof System Market Analysis and Forecast, by Type Market 2023-2030 ($M)
27.APAC Automotive Roof System Market Analysis and Forecasts, by Material Market 2023-2030 ($M)
28.APAC Automotive Roof System Market Analysis and Forecast, by Passenger Vehicle Type Market 2023-2030 ($M)
29.APAC Automotive Roof System Market Analysis and Forecast, by Sales Channel Market 2023-2030 ($M)
30.APAC Competition Landscape Market 2023-2030 ($M)
30.1 Executive Bios/ Key Executive Changes Market 2023-2030 ($M) - Regional Industry Research
30.1.1 AAS Automotive s.r.o. Market 2023-2030 ($M)
30.1.2 AISIN SEIKI Co., Ltd. Market 2023-2030 ($M)
30.1.3 ALUPROF Aluminiumprofile GmbH. Market 2023-2030 ($M)
30.1.4 BOS Group Market 2023-2030 ($M)
30.1.5 CIE Automotive Market 2023-2030 ($M)
30.1.6 Covestro AG Market 2023-2030 ($M)
30.1.7 GAHH, LLC Market 2023-2030 ($M)
30.1.8 Inalfa Roof Systems Group B.V. Market 2023-2030 ($M)
30.1.9 Inteva Products Market 2023-2030 ($M)
30.1.10 JAC Products. Market 2023-2030 ($M)
30.1.11 Magna International Inc. Market 2023-2030 ($M)
30.1.12 THE HAARTZ CORPORATION Market 2023-2030 ($M)
30.1.13 Valmet Automotive Market 2023-2030 ($M)
30.1.14 Webasto Market 2023-2030 ($M)
31.MENA Automotive Roof System Market Analysis and Forecast, by Type Market 2023-2030 ($M)
32.MENA Automotive Roof System Market Analysis and Forecasts, by Material Market 2023-2030 ($M)
33.MENA Automotive Roof System Market Analysis and Forecast, by Passenger Vehicle Type Market 2023-2030 ($M)
34.MENA Automotive Roof System Market Analysis and Forecast, by Sales Channel Market 2023-2030 ($M)
35.MENA Competition Landscape Market 2023-2030 ($M)
35.1 Executive Bios/ Key Executive Changes Market 2023-2030 ($M) - Regional Industry Research
35.1.1 AAS Automotive s.r.o. Market 2023-2030 ($M)
35.1.2 AISIN SEIKI Co., Ltd. Market 2023-2030 ($M)
35.1.3 ALUPROF Aluminiumprofile GmbH. Market 2023-2030 ($M)
35.1.4 BOS Group Market 2023-2030 ($M)
35.1.5 CIE Automotive Market 2023-2030 ($M)
35.1.6 Covestro AG Market 2023-2030 ($M)
35.1.7 GAHH, LLC Market 2023-2030 ($M)
35.1.8 Inalfa Roof Systems Group B.V. Market 2023-2030 ($M)
35.1.9 Inteva Products Market 2023-2030 ($M)
35.1.10 JAC Products. Market 2023-2030 ($M)
35.1.11 Magna International Inc. Market 2023-2030 ($M)
35.1.12 THE HAARTZ CORPORATION Market 2023-2030 ($M)
35.1.13 Valmet Automotive Market 2023-2030 ($M)
35.1.14 Webasto Market 2023-2030 ($M)
LIST OF FIGURES
1.US Automotive Roof System Market Revenue, 2023-2030 ($M)2.Canada Automotive Roof System Market Revenue, 2023-2030 ($M)
3.Mexico Automotive Roof System Market Revenue, 2023-2030 ($M)
4.Brazil Automotive Roof System Market Revenue, 2023-2030 ($M)
5.Argentina Automotive Roof System Market Revenue, 2023-2030 ($M)
6.Peru Automotive Roof System Market Revenue, 2023-2030 ($M)
7.Colombia Automotive Roof System Market Revenue, 2023-2030 ($M)
8.Chile Automotive Roof System Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive Roof System Market Revenue, 2023-2030 ($M)
10.UK Automotive Roof System Market Revenue, 2023-2030 ($M)
11.Germany Automotive Roof System Market Revenue, 2023-2030 ($M)
12.France Automotive Roof System Market Revenue, 2023-2030 ($M)
13.Italy Automotive Roof System Market Revenue, 2023-2030 ($M)
14.Spain Automotive Roof System Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive Roof System Market Revenue, 2023-2030 ($M)
16.China Automotive Roof System Market Revenue, 2023-2030 ($M)
17.India Automotive Roof System Market Revenue, 2023-2030 ($M)
18.Japan Automotive Roof System Market Revenue, 2023-2030 ($M)
19.South Korea Automotive Roof System Market Revenue, 2023-2030 ($M)
20.South Africa Automotive Roof System Market Revenue, 2023-2030 ($M)
21.North America Automotive Roof System By Application
22.South America Automotive Roof System By Application
23.Europe Automotive Roof System By Application
24.APAC Automotive Roof System By Application
25.MENA Automotive Roof System By Application