OEM Retractable roof system market 2021-2027 analysis by Allied Market Research. Segmented based on sales channel, vehicle, roof type and material.
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.
The key players analyzed in the report include 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
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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.
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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.
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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?
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Source: EIN Presswire