Market Overview:
The global automotive convertible hardtop market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The global automotive convertible hardtop market is segmented on the basis of type, application and region. On the basis of type, the global automotive convertible hardtop market is segmented into PVC material, carbon fiber material, aluminum material and others. PVC material dominates the global automotive convertible hardtop market in terms of value share owing to its low cost as compared to other materials used for manufacturing convertibles. Carbon fiber material is expected to exhibit highest CAGR during the forecast period due to its properties such as high tensile strength and lightweight which improves vehicle performance. On the basis of application, passenger car dominates the global automotive convertible hardtop market followed by commercial vehicle. Passenger car segment accounted for majority share in 2017 owing to increasing demand for luxury cars across regions.
Product Definition:
A convertible hardtop (also called a coupé convertible or just "convertible") is a type of car that has a retractable hardtop, as opposed to the fabric or vinyl-roofed convertibles that were more common in the past.
PVC Material:
Polyvinyl Chloride (PVC) is a thermoplastic polymer, which can be easily processed and molded. It has superior properties such as flexibility, high strength, excellent resistance to chemicals & heat and also possesses good insulation properties. These factors make it suitable for use in automotive convertible hardtop market.
The global PVC material market size was valued at USD 4.5 billion in 2015.
Carbon Fiber Material:
Carbon fiber material is a composite, which is made up of carbon atoms that are bonded together in crystals. Carbon fibers are used to manufacture various products such as reinforced plastics, composites and aramid fibers. The most common types of carbon fiber include prepreg (polyacrylonitrile), DSM (directional structural metamaterial) and CFRP (carbon fiber reinforced plastic).
Application Insights:
The passenger car segment accounted for the largest revenue share of over 60.0% in 2017. The increasing production of passenger cars in emerging economies, such as China, India and Brazil is expected to have a positive impact on the industry growth over the forecast period. In addition, an increase in per capita income levels has resulted in a significant rise in demand for vehicles among young adults and elderly people who previously could only afford economy or basic grade vehicles that were not able to be used by them as transport devices due to lack of sufficient safety equipment such as airbags and rollover protection. This factor is anticipated to result in high demand for automotive convertibles with top-down seating during travel purposes from 2018 to 2030.
Commercial vehicle segment is projected register notable CAGR exceeding 7% from 2018 to 2030 owing majorly on account of rising utilization across developing countries including Indonesia, Malaysia and Philippines which are primarily engaged into manufacturing light commercial vehicles (LCVs).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. This can be attributed to increasing demand for convertibles in North America on account of rising consumer disposable income, changing preference for open-air driving and new product launches by key manufacturers such as Cadillac, Ford Motor Company and Chevrolet.
Asia Pacific is anticipated to register the fastest CAGR during the forecast period owing to high demand from emerging countries such as China, India and Japan along with other developing nations across this region which are adopting western culture and lifestyle due to increased exposure especially through media & internet. Moreover, growing popularity of motorsports including rally racing will drive overall industry growth over the next eight years.
Growth Factors:
- Increasing demand for luxury and sports cars
- Rising disposable income of consumers
- Technological advancements in the automotive industry
- Growing popularity of convertible hardtops among young buyers
- Proliferation of online car sales platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Convertible Hardtop Market Research Report
By Type
PVC Material, Carbon Fiber Material, Aluminum Material, Others
By Application
Passenger Car, Commercial Vehicle
By Companies
Continental AG, BOS GmbH, Magna International Inc., Standex International Corporation, Inalfa Roof Systems Group, CIE Automotive
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Convertible Hardtop Market Report Segments:
The global Automotive Convertible Hardtop market is segmented on the basis of:
Types
PVC Material, Carbon Fiber Material, Aluminum Material, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental AG
- BOS GmbH
- Magna International Inc.
- Standex International Corporation
- Inalfa Roof Systems Group
- CIE Automotive
Highlights of The Automotive Convertible Hardtop Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PVC Material
- Carbon Fiber Material
- Aluminum Material
- Others
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Convertible Hardtop Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive convertible hardtop is a type of convertible car that has a rigid roof that can be opened and closed like the top of an ordinary car. Automotive convertibles are popular because they offer great weather protection, allowing drivers to enjoy the sun and breeze while keeping their heads cool in summer months.
Some of the major players in the automotive convertible hardtop market are Continental AG, BOS GmbH, Magna International Inc., Standex International Corporation, Inalfa Roof Systems Group, CIE Automotive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Convertible Hardtop Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Convertible Hardtop Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Convertible Hardtop Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Convertible Hardtop Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Convertible Hardtop Market Size & Forecast, 2018-2028 4.5.1 Automotive Convertible Hardtop Market Size and Y-o-Y Growth 4.5.2 Automotive Convertible Hardtop Market Absolute $ Opportunity
Chapter 5 Global Automotive Convertible Hardtop Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Convertible Hardtop Market Size Forecast by Type
5.2.1 PVC Material
5.2.2 Carbon Fiber Material
5.2.3 Aluminum Material
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Convertible Hardtop Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Convertible Hardtop Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Convertible Hardtop Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Convertible Hardtop Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Convertible Hardtop Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Convertible Hardtop Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Convertible Hardtop Market Size Forecast by Type
9.6.1 PVC Material
9.6.2 Carbon Fiber Material
9.6.3 Aluminum Material
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Convertible Hardtop Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Convertible Hardtop Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Convertible Hardtop Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Convertible Hardtop Market Size Forecast by Type
10.6.1 PVC Material
10.6.2 Carbon Fiber Material
10.6.3 Aluminum Material
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Convertible Hardtop Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Convertible Hardtop Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Convertible Hardtop Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Convertible Hardtop Market Size Forecast by Type
11.6.1 PVC Material
11.6.2 Carbon Fiber Material
11.6.3 Aluminum Material
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Convertible Hardtop Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Convertible Hardtop Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Convertible Hardtop Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Convertible Hardtop Market Size Forecast by Type
12.6.1 PVC Material
12.6.2 Carbon Fiber Material
12.6.3 Aluminum Material
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Convertible Hardtop Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Convertible Hardtop Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Convertible Hardtop Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Convertible Hardtop Market Size Forecast by Type
13.6.1 PVC Material
13.6.2 Carbon Fiber Material
13.6.3 Aluminum Material
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Convertible Hardtop Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Convertible Hardtop Market: Competitive Dashboard
14.2 Global Automotive Convertible Hardtop Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental AG
14.3.2 BOS GmbH
14.3.3 Magna International Inc.
14.3.4 Standex International Corporation
14.3.5 Inalfa Roof Systems Group
14.3.6 CIE Automotive