Global Automotive Foldable Roof System Market by Type (Polycarbonate, PU Composite Material, Others), By Application (Passenger Vehicle, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive foldable roof system 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% during the forecast period. The market growth can be attributed to the increasing demand for luxury cars and SUVs across the globe. Additionally, the increasing awareness about safety features in vehicles is also expected to boost the demand for foldable roof systems over the forecast period. On basis of type, polycarbonate segment is anticipated to account for a major share of global automotive foldable roof system market during 2018-2030. Polycarbonate based foldable roofs are known for their high impact resistance and superior optical clarity as compared with other materials used in manufacturing such roofs. On basis of application, passenger vehicle segment is anticipated to account for majority share of global automotive foldable roof system market during 2018-2030 owing to rising demand from developed countries such as U.S., Germany, Japan etc.



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Product Definition:

An automotive foldable roof system is a type of convertible roof system found in automobiles. It allows the driver and passengers to retract the roof into the car's body, typically by folding it lengthwise along its spine, thereby increasing headroom and weather protection when not in use.

Polycarbonate:

Polycarbonate (PC) is a thermoplastic polymer, which can be processed by injection molding, extrusion and blow molding. It has high impact resistance & better optical clarity as compared to other plastics. Polycarbonate is used in automotive applications for manufacturing roof systems of vehicles including SUVs and luxury cars on account of its properties such as low weight & cost effectiveness along with high rigidity & strength.

PU Composite Material:

PU composite material is a combination of Polyurethane and Carbon. It has high impact resistance, wear & tear resistance, lightweight and excellent strength-to-weight ratio. These properties make it suitable for use in automotive applications such as under the hood components or engine covers where weight is an important factor.

PU composite materials are also used in sun visors, interior trims & dashboards along with exterior body panels to reduce overall vehicle weight which results into better fuel efficiency.

Application Insights:

The passenger vehicle application segment accounted for the largest share of over 70.0% in 2017. The demand is expected to be high for this segment as it provides a comfortable ride to passengers by reducing the heat generated by sunlight directly onto them. This also helps reduce interior temperature and provide an improved driving experience, which is likely to propel market growth over the forecast period.

Foldable roofs are widely used in commercial vehicles as they offer cost-effective solutions and help improve fuel efficiency and operational efficiency of commercial vehicles, thereby lowering their overall operating costs, which will have a positive impact on industry growth over the forecast period.

Regional Analysis:

Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The presence of key automotive manufacturers, coupled with government initiatives encouraging new investments, is likely to drive demand in this region. In 2016, China launched a national program called 16+1 Initiative that encourages foreign companies to establish their manufacturing facilities in the country. This initiative was introduced to attract more investment and create jobs for skilled labor force across various sectors including automotive.

Europe also held a significant market share owing to high demand from passenger vehicles segment owing mainly on increased sales of premium cars such as Mercedes Benz C-Class and BMW 3 Series Gran Turismo since 2015.

The North American regional market was valued at USD X million in 2017.

Growth Factors:

Increasing demand for luxury cars: The global automotive foldable roof system market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for luxury cars, which offer features such as foldable roofs.
Rising disposable income: Another key growth driver for the global automotive foldable roof system market is rising disposable income, especially in developing countries such as China and India. This is resulting in an increase in the number of consumers who can afford luxury cars with advanced features such as foldable roofs.
Technological advancements: The development of new and innovative technologies has been a major factor driving growth in the global automotive foldable roof system market over the past few years. These technological advancements are helping manufacturers to develop better and more efficient systems that are capable of meeting consumer demands effectively.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Foldable Roof System Market Research Report
By Type
Polycarbonate, PU Composite Material, Others
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Webasto, Inalfa, Inteva, Yachiyo, Mobitech, Aisin Seiki, CIE Automotive, Covestro
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Foldable Roof System Market Report Segments:
The global Automotive Foldable Roof System market is segmented on the basis of:
Types
Polycarbonate, PU Composite 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 Vehicle, 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:
Webasto
Inalfa
Inteva
Yachiyo
Mobitech
Aisin Seiki
CIE Automotive
Covestro



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Highlights of The Automotive Foldable Roof System 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:
Polycarbonate
PU Composite Material
Others
By Application:
Passenger Vehicle
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 Foldable Roof System 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
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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

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