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Automotive Roof System Market-Size Volume, Share, Demand growth, Business Opportunity by-2027 (Trending Report)

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According to Nova One Advisor, the global Automotive Roof System  market value was estimated at US$ 27.10  billion in 2020 and is projected to reach US$ 47.58 billion by 2027, registering a CAGR of 8.9% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

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Growth Factors:

The market Companies such as Webasto Group and Inalfa Roof Systems Group, provide innovative roof systems that offer versatile additional features and have a classic appearance. Automotive manufacturers are also constantly developing their roof systems by providing multiple options for consumers. Wide acceptance of convertible roofs and panoramic roof systems by consumers, owing to the comfort offered while driving coupled with extra space, and more air and light, is expected to boost the automotive roof system market during the forecast period. Demand for both hybrid and electric vehicles has been rising across the globe. The major reason is attributed to stringent carbon emission norms being imposed by regulatory authorities worldwide and increasing safety concerns among consumers. The advent of hybrid vehicles is anticipated to offer significant opportunity to solar sunroof manufacturers, as a solar sunroof is highly effective for hybrid vehicles. Various research and development activities are being carried out by leading manufacturers in order to increase production of electric vehicles, which in turn is likely to increase implementation of solar sunroofs considerably in the near future. For example, Toyota has plans to make a solar roof available for the next generation Prius, which is an electrical vehicle. Globally, vehicle production has been increasing for the last five years, due to the increasing usage and demand for passenger vehicle types, thereby driving the global automotive roof system market.

In terms of type, the global automotive roof system market has been divided into panorama roof system, sunroof system, multi-optional roof system, solar roof system, convertible roof system and plain roof system. Rise in demand for high-end luxury vehicles across the globe, due to increased demand for more comfortable and esthetically appealing vehicles, is expected to drive the convertible roof system segment of the market. Presently, consumers expect an increasingly high level of comfort in their cars, which is likely to boost the market for convertible vehicles in the region.

Based on material, the automotive roof system market has been divided into aluminum, steel, polycarbonate, and other. The body of the vehicle, primarily roof panels, is manufactured from aluminum, which reduces the weight and provides desired properties. The aluminum segment is anticipated to expand, in terms of revenue and volume, as an increasing number of automakers are adopting aluminum alloy roof panels due to their high crash worthiness and weight benefits.

In terms of passenger vehicle type, the automotive roof system market has been classified into hatchback, sedan, and utility vehicle. The utility vehicle segment is anticipated to hold a major share of the market during the forecast period. The utility vehicle segment includes SUVs, crossovers, and MPVs. Demand for utility vehicles is rising across the globe owing to their advantages such as driving comfort and drivability on off-road conditions.

COVID-19 Impact on Automotive Roof System  Sales

  • Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Automotive Roof System
  • Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
  • Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
  • Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Automotive Roof System market 2021 onwards. This trend will however continue through the course of the report’s assessment period

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Recent report on the Automotive Roof System  market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Automotive Roof System  market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Automotive Roof System  market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Automotive Roof System  market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Automotive Roof System  market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Automotive Roof System  market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Automotive Roof System  market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Automotive Roof System  market is analyzed at both regional and country levels.

Some of the prominent players in the Automotive Roof System Market include:  AAS Automotive s.r.o., AISIN SEIKI Co., Ltd., ALUPROF Aluminiumprofile GmbH., BOS Group, CIE Automotive, Covestro AG, GAHH, LLC, Inalfa Roof Systems Group B.V., Inteva Products, JAC Products., Magna International Inc., THE HAARTZ CORPORATION, Valmet Automotive, and Webasto.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

  • Global Automotive Roof System Market, by Type
    • Panorama Roof System
    • Sunroof System
    • Multi-optional Roof System
    • Solar Roof System
    • Convertible Roof System
    • Plain Roof System
  • Global Automotive Roof System Market, by Passenger Vehicle Type
    • Hatchback
    • Sedan
    • Utility Vehicle
  • Global Automotive Roof System Market, by Material
    • Aluminum
    • Steel
    • Polycarbonate
    • Others
  • Global Automotive Roof System Market, by Sales Channel
    • OEMs
    • Aftermarket

 Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Automotive Roof System  market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Automotive Roof System  market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Automotive Roof System  market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Automotive Roof System  market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive Roof System  are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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