Market Overview:
The global car convertible top market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for premium vehicles and the growing trend of luxury lifestyle. Additionally, the increasing disposable income of consumers in developing countries is also propelling the growth of this market. The global car convertible top market can be segmented on the basis of type into hard top and soft top. The soft top segment is expected to account for a larger share in terms of revenue than the hardtop segment during the forecast period from 2018 to 2030 owing to its low cost and easy installation as compared with hard tops. On basis application,the global car convertible roofingmarket can be divided into premium vehicle and non-premium vehicle segments.
Product Definition:
A car convertible top is a cloth or vinyl roof that can be lowered down to the level of the windows, or removed altogether, in order to let in fresh air. They are often found on sports cars and luxury cars.
Hard Top:
Hard top is a convertible roof that has no permanent or built-in support for the roof. It's primary function is to provide temporary protection from rain, snow, wind and sun. A hardtop can be closed like any other convertible but it offers no support for the weight of the car’s top.
The global market size was valued at USD 3,15 billion in 2016.
Soft Top:
A soft top is a convertible top that is made of fabric or other flexible material. It can be opened and closed by just using the power of the hand. Some models are operated with the help of a key, while some models require manual operation.
Application Insights:
The premium vehicle segment accounted for the largest share of more than 60.0% in 2017. The growth can be attributed to the growing preference for car manufacturers among consumers, especially in developed economies including Germany, U.K., and France where luxury vehicles are considered as status symbols and are widely purchased by individuals having high income levels or those who work in prominent positions such as managers and professionals.
Non-premium vehicle is expected to be the fastest-growing application segment over the forecast period owing to increasing demand from low cost countries such as China, India, Brazil etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its position throughout the forecast period owing to increasing demand for premium vehicles with retractable and removable tops. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due mainlyto rising disposable income, improving standards of living, and growing popularity of outdoor activities such as camping and fishing.
The European region accounted for a significant share in terms of volume as well as revenue in 2017 owing mainlyto high demand from Germany where car convertibles have gained immense popularity since introduction of convertible models by Volkswagen Group starting from model year 2015.
Growth Factors:
- Increasing demand for luxury cars
- Rising disposable income of consumers
- Technological advancements in the automotive industry
- Growing popularity of convertible cars among millennials
- Proliferation of online car sales platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Convertible Top Market Research Report
By Type
Hard Top, Soft Top
By Application
Premium Vehicle, Non-premium Vehicle
By Companies
Webasto, Magna, Valmet, Toyo Seat, ASC
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Car Convertible Top Market Report Segments:
The global Car Convertible Top market is segmented on the basis of:
Types
Hard Top, Soft Top
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
Premium Vehicle, Non-premium 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
- Magna
- Valmet
- Toyo Seat
- ASC
Highlights of The Car Convertible Top 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:
- Hard Top
- Soft Top
- By Application:
- Premium Vehicle
- Non-premium 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 Car Convertible Top 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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- 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
Frequently Asked Questions?
A convertible top is a type of roof that can be opened and closed to allow the occupants of a car to enjoy the weather.
Some of the key players operating in the car convertible top market are Webasto, Magna, Valmet, Toyo Seat, ASC.
The car convertible top market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Convertible Top 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 Car Convertible Top Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Convertible Top 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 Car Convertible Top 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 Car Convertible Top Market Size & Forecast, 2018-2028
4.5.1 Car Convertible Top Market Size and Y-o-Y Growth
4.5.2 Car Convertible Top Market Absolute $ Opportunity
Chapter 5 Global Car Convertible Top 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 Car Convertible Top Market Size Forecast by Type
5.2.1 Hard Top
5.2.2 Soft Top
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Car Convertible Top 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 Car Convertible Top Market Size Forecast by Applications
6.2.1 Premium Vehicle
6.2.2 Non-premium Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Convertible Top 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 Car Convertible Top 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 Car Convertible Top Analysis and Forecast
9.1 Introduction
9.2 North America Car Convertible Top 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 Car Convertible Top Market Size Forecast by Type
9.6.1 Hard Top
9.6.2 Soft Top
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 Car Convertible Top Market Size Forecast by Applications
9.10.1 Premium Vehicle
9.10.2 Non-premium 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 Car Convertible Top Analysis and Forecast
10.1 Introduction
10.2 Europe Car Convertible Top 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 Car Convertible Top Market Size Forecast by Type
10.6.1 Hard Top
10.6.2 Soft Top
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 Car Convertible Top Market Size Forecast by Applications
10.10.1 Premium Vehicle
10.10.2 Non-premium 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 Car Convertible Top Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car Convertible Top 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 Car Convertible Top Market Size Forecast by Type
11.6.1 Hard Top
11.6.2 Soft Top
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 Car Convertible Top Market Size Forecast by Applications
11.10.1 Premium Vehicle
11.10.2 Non-premium 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 Car Convertible Top Analysis and Forecast
12.1 Introduction
12.2 Latin America Car Convertible Top 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 Car Convertible Top Market Size Forecast by Type
12.6.1 Hard Top
12.6.2 Soft Top
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 Car Convertible Top Market Size Forecast by Applications
12.10.1 Premium Vehicle
12.10.2 Non-premium 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) Car Convertible Top Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car Convertible Top 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) Car Convertible Top Market Size Forecast by Type
13.6.1 Hard Top
13.6.2 Soft Top
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) Car Convertible Top Market Size Forecast by Applications
13.10.1 Premium Vehicle
13.10.2 Non-premium 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 Car Convertible Top Market: Competitive Dashboard
14.2 Global Car Convertible Top Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Webasto
14.3.2 Magna
14.3.3 Valmet
14.3.4 Toyo Seat
14.3.5 ASC
