Market Overview:
The global hardtop convertible roof system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for luxury and semi-luxury vehicles across the globe. In addition, factors such as technological advancements and rising disposable income are also contributing to the growth of this market. The global hardtop convertible roof system market is segmented on the basis of type, application, and region. On the basis of type, it is divided into PVC, carbon fiber, aluminum, and others segments. The luxury vehicles segment accounted for a major share of this market in 2017 owing to high demand for premium cars across different regions worldwide. However, with technological advancements in materials used for manufacturing hardtop convertible roofs systems such as carbon fiber and aluminum; there has been an increase in adoption rates for these systems by semi-luxury vehicle manufacturers as well which is expected to fuel growth of this segment over the forecast period.
Product Definition:
A hardtop convertible roof system is a type of convertible car roof that features a rigid panel that can be raised to seal the passenger compartment from the elements.
PVC:
Polyvinyl Chloride (PVC) is a thermoplastic polymer, which can be either seen as clear or in black color. It has high resistance to chemicals and UV light. PVC is used for manufacturing of various products such as shower curtains, window frames, pipes & fittings in building & construction industry and also used for producing vinyl flooring.
The global hardtop convertible roof system market size was valued at USD 2.5 billion in 2015.
Carbon Fiber:
Carbon fiber is a form of carbon that has been processed and purified for use in various industries. It is most commonly used in the manufacturing of sports equipment such as baseball bats, golf clubs, and tennis rackets. Carbon fibers are also used to make composite materials that are reinforced with carbon fibers and other material ssuchas glass fiber or aramid fibers.
Application Insights:
The semi-luxury vehicles segment held the largest share of over 60.0% in 2017 and is expected to witness significant growth over the forecast period. The rising purchasing power of middle-class income groups in developed economies including U.S., Germany, France and UK has led to an increased demand for affordable cars with better aesthetics that offer enhanced comfort as well as convenience features at a lower price tag. Hardtop convertible roof systems are thus increasingly being adopted by automobile manufacturers for their lineups across various segments such as entry level luxury, mid-level luxury, premium mid level and high end luxury vehicles among others globally.
Regional Analysis:
Europe dominated the global hardtop convertible roof system market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for luxury vehicles and rising adoption of electric vehicles. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030, due to growing product demand from developing countries such as India and China. Moreover, increasing number of manufacturers are setting up their production facilities in APAC due to low cost involved in manufacturing these systems, thereby boosting product sales across this region. North America also accounted for a significant revenue share within the global market space owing high consumer preference towards convertibles among mid-segment cars and premium brands such as BMW, Mercedes Benz & Audi etc.
Growth Factors:
- Increasing demand for luxury cars: The global luxury car market is expected to grow at a CAGR of around 5% during the forecast period. This will lead to an increase in the demand for hardtop convertible roof systems, as they are mostly used in high-end cars.
- Technological advancements: The development of new and innovative technologies is helping manufacturers to offer better quality hardtop convertible roof systems that are more durable and reliable. This is resulting in an increase in the adoption of these systems by consumers worldwide.
- Rising disposable income: A rise in disposable income has led to an increase in spending on luxury items, including hardtop convertible roof systems. In addition, this trend is expected to continue over the next few years, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hardtop Convertible Roof System Market Research Report
By Type
PVC, Carbon Fiber, Aluminum, Others
By Application
Luxury Vehicles, Semi-Luxury Vehicles
By Companies
Webasto, Magna International, Valmet Automotive, Asiin Seiki, Continental, Pininfarina, Standex International, Hoerbiger, Haartz, Gahh 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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Hardtop Convertible Roof System Market Report Segments:
The global Hardtop Convertible Roof System market is segmented on the basis of:
Types
PVC, Carbon Fiber, Aluminum, 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
Luxury Vehicles, Semi-Luxury Vehicles
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 International
- Valmet Automotive
- Asiin Seiki
- Continental
- Pininfarina
- Standex International
- Hoerbiger
- Haartz
- Gahh Automotive
Highlights of The Hardtop Convertible 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:
- PVC
- Carbon Fiber
- Aluminum
- Others
- By Application:
- Luxury Vehicles
- Semi-Luxury Vehicles
- 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 Hardtop Convertible 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.
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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?
A hardtop convertible roof system is a type of car roof that can be converted between an open-air vehicle top and a closed-top car roof.
Some of the major companies in the hardtop convertible roof system market are Webasto, Magna International, Valmet Automotive, Asiin Seiki, Continental, Pininfarina, Standex International, Hoerbiger, Haartz, Gahh Automotive.
The hardtop convertible roof system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hardtop Convertible Roof System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hardtop Convertible Roof System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hardtop Convertible Roof System Market - Supply Chain
4.5. Global Hardtop Convertible Roof System Market Forecast
4.5.1. Hardtop Convertible Roof System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hardtop Convertible Roof System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hardtop Convertible Roof System Market Absolute $ Opportunity
5. Global Hardtop Convertible Roof System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hardtop Convertible Roof System Market Size and Volume Forecast by Type
5.3.1. PVC
5.3.2. Carbon Fiber
5.3.3. Aluminum
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hardtop Convertible Roof System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hardtop Convertible Roof System Market Size and Volume Forecast by Application
6.3.1. Luxury Vehicles
6.3.2. Semi-Luxury Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hardtop Convertible Roof System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hardtop Convertible Roof System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hardtop Convertible Roof System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hardtop Convertible Roof System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hardtop Convertible Roof System Demand Share Forecast, 2019-2026
9. North America Hardtop Convertible Roof System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hardtop Convertible Roof System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hardtop Convertible Roof System Market Size and Volume Forecast by Application
9.4.1. Luxury Vehicles
9.4.2. Semi-Luxury Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hardtop Convertible Roof System Market Size and Volume Forecast by Type
9.7.1. PVC
9.7.2. Carbon Fiber
9.7.3. Aluminum
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hardtop Convertible Roof System Demand Share Forecast, 2019-2026
10. Latin America Hardtop Convertible Roof System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hardtop Convertible Roof System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hardtop Convertible Roof System Market Size and Volume Forecast by Application
10.4.1. Luxury Vehicles
10.4.2. Semi-Luxury Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hardtop Convertible Roof System Market Size and Volume Forecast by Type
10.7.1. PVC
10.7.2. Carbon Fiber
10.7.3. Aluminum
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hardtop Convertible Roof System Demand Share Forecast, 2019-2026
11. Europe Hardtop Convertible Roof System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hardtop Convertible Roof System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hardtop Convertible Roof System Market Size and Volume Forecast by Application
11.4.1. Luxury Vehicles
11.4.2. Semi-Luxury Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hardtop Convertible Roof System Market Size and Volume Forecast by Type
11.7.1. PVC
11.7.2. Carbon Fiber
11.7.3. Aluminum
11.7.4. Others
1.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hardtop Convertible Roof System Demand Share, 2019-2026
12. Asia Pacific Hardtop Convertible Roof System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hardtop Convertible Roof System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hardtop Convertible Roof System Market Size and Volume Forecast by Application
12.4.1. Luxury Vehicles
12.4.2. Semi-Luxury Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hardtop Convertible Roof System Market Size and Volume Forecast by Type
12.7.1. PVC
12.7.2. Carbon Fiber
12.7.3. Aluminum
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hardtop Convertible Roof System Demand Share, 2019-2026
13. Middle East & Africa Hardtop Convertible Roof System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hardtop Convertible Roof System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hardtop Convertible Roof System Market Size and Volume Forecast by Application
13.4.1. Luxury Vehicles
13.4.2. Semi-Luxury Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hardtop Convertible Roof System Market Size and Volume Forecast by Type
13.7.1. PVC
13.7.2. Carbon Fiber
13.7.3. Aluminum
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hardtop Convertible Roof System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hardtop Convertible Roof System Market: Market Share Analysis
14.2. Hardtop Convertible Roof System Distributors and Customers
14.3. Hardtop Convertible Roof System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Webasto
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Magna International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Valmet Automotive
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Asiin Seiki
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Continental
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pininfarina
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Standex International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hoerbiger
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Haartz
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Gahh Automotive
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
