Transparency Market Research in its new report titled, “Convertible Roof System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the convertible roof system market. The TMR report anticipates that the high rate of adoption and the weather conditions will drive the convertible roof system market during the forecast period i.e, 2018-2026. Consumers prefer the classic and sporty look design of vehicles. Convertibles possess such features. Head room is another beneficial factor of the convertible. Without a roof and door frames, passenger probably able to see more around. Therefore, greater visibility while travelling is possible with help of convertibles. Most convertibles can easily be transformed back into a coupe or sedan with the push of a button, making it versatile. These factors are driving the convertible roof system market for automotive, says TMR analyst.
The TMR report has segregated the convertible roof system market for automotive based on vehicle class, rooftop, vehicle body, material, electric vehicle type, and geography. In terms of vehicle type, the convertible roof system market for automotive is split only into passenger vehicles. The passenger vehicle segment is further sub-segmented into luxury, premium, and semi luxury. Consumers are increasing preferring luxury cars owing to their efficiency and advanced technology. Based on rooftop, the convertible roof system market for automotive is divided into hard rooftop and one more segment. Hard rooftop is not such hard as steel. On the basis of vehicle body, the convertible roof system market for automotive is split into sedan, and two other segments. Sedan convertible cars are highly preferable as luxury car segment.
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In accordance with material used to manufacture, the convertible roof system market for automotive is classified into carbon fiber and two more segments. Carbon fiber is effectively used, as it lends flexibility and hardness to the rooftops of vehicles. On the basis of electric vehicle type, the convertible roof system market for automotive is divided into electric vehicle and hybrid electric vehicles (HEVs). In an electric vehicle, power electronics takes direct current (DC) from the battery and converts it to alternating current (AC) and sends it to the motor. The electric motor utilizes the AC to create torque (mechanical power) to propel the wheels. HEVs employ two electrical machines; one is a generator connected to the engine and the other is a motor to drive the wheels. Each of these machines are connected to an inverter, and the two inverters run at a higher voltage than the battery.
In terms of regional perspective, the convertible roof system market for automotive is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Europe accounts for a majority share of the global convertible roof system market for automotive, due to the high rate of adoption and the weather conditions leading to an increased production of vehicles with convertible roof systems, especially in Germany and the U.K. Major players operating in the convertible roof system market for automotive are profiled in this report and these include Valmet Automotive, Aisin Seiki, Webasto, and Magna International.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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