Automotive Roof System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

An automotive roof system is an opening on the top of the car that lets fresh air and light to enter into the inner side of the vehicle. There has been an enormous development in the automotive roofing system in the past few years. Numerous types of roof systems such as sunroof system, panorama with sunroof system, roof system with solar technology, multi-optional roof, and many others. As the demand for convertible vehicles remains rising, the demand or automotive roof system is also blooming.

MARKET DYNAMICS

Advances in material technology, growing demand for premium vehicles, and increasing consumer preference for convertible roof systems in developing nations are driving the growth of the automotive roof system market. However, the low penetration of sunroof in low segment vehicles, high integration, and maintenance cost, and incidents of crushing & shattering of sunroofs may restrain the growth of the automotive roof system market. Furthermore, the growing penetration of solar sunroofs in electric vehicles worldwide and surging sales of automotive vehicles are anticipated to create a market opportunity for the automotive roof system market during the forecast period.

MARKET SCOPE

The "Global Automotive Roof System Market Analysis To 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The automotive roof system market report aims to provide an overview of the automotive roof system market with detailed market segmentation by type, material, vehicle type, and geography. The global automotive roof system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive roof system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global automotive roof system market is segmented on the basis of type, material, and vehicle type. Based on type, the automotive roof system market is segmented into: panorama roof system, sunroof system, multi-optional roof system, solar roof system, light weight roof system, and inbuilt roof system. On the basis of material, the automotive roof system market is segmented into: aluminum, steel, polycarbonate, glass-plastic composite, and fiber-plastic composite. Based on vehicle type, the automotive roof system market is segmented into: passenger vehicles, light commercial vehicles, and heavy commercial vehicles.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive roof system market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive roof system market by each region is later sub-segmented by respective countries and segments. The automotive roof system market report covers the analysis and forecast of 15 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the automotive roof system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the automotive roof system market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE ROOF SYSTEM MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a negative impact on the automotive roof system market in 2021. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human's movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. However, in 2021, with the uplifting of lockdown and vaccination processes, the automotive companies have started working again. So, the demand for automotive roof system has started rising.

MARKET PLAYERS

The reports cover key developments in the automotive roof system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from automotive roof system market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the automotive roof system market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive roof system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AAS Automotive
  
•   Covestro AG
  
•   Haartz Corporation
  
•   HOERBIGER Holding AG
  
•   Inteva Products LLC
  
•   Inteva Products, LLC
  
•   JAC Products
  
•   Magna International Inc.
  
•   Pininfarina Spa
  
•   Standex International Corp.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Roof System Report Scope