Market Overview:
The global light vehicle 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 growth of the market can be attributed to the increasing demand for luxury cars and SUVs across the globe. Additionally, rising disposable income of consumers has led to an increase in demand for convertible roofs and large sunroofs, which are considered as a status symbol in many countries. On the basis of type, conventional sunroofs are expected to account for a major share of the global light vehicle roof system market during 2018-2030. This can be attributed to their low cost as compared to other types of roof systems available in the market. Convertible roofs are expected to witness high growth rates during 2018-2030 owingto their growing popularity among consumers across different regions.
Product Definition:
Light Vehicle Roof System is a term used in the automotive industry to describe the various structural and weather-sealing components that make up a vehicle's roof. These components typically include the windshield header, B-pillar reinforcement, roof panel or top rail, C-pillar reinforcement, and rear deck lid or tailgate. The Light Vehicle Roof System serves two important functions: first, it provides structural support for the vehicle's body panels; and second, it seals off the passenger compartment from moisture and wind noise.
Conventional Sunroofs:
Conventional sunroofs are the roof systems that are equipped with a fixed or sliding window that allows passengers to enjoy natural light and fresh air inside the vehicle. The global conventional sunroofs, it's usage and growth factor in Light Vehicle Roof System market is expected to grow at a significant pace over the forecast period.
Global Conventional Sunroofs, it's usage.
Convertible Roofs:
A convertible roof is a system that allows the user to convert the car body into a sunshade. It helps in protecting the passengers and driver from direct sunlight, heat, and UV rays. The primary function of convertible roofs is to provide shade or cover while traveling on road.
Convertible roofs are available with fixed or sliding windows that can be closed completely or partially based on customer requirements.
Application Insights:
The car application segment accounted for the largest revenue share of over 60.0% in 2017 and is expected to continue its dominance over the forecast period. The increasing number of car manufacturers across the globe is a key factor driving this segment. For instance, Ford Motor Company has announced plans to increase its production capacity by around 10% from 2018 to 2019, which will result in an increased demand for vehicles requiring light vehicle roof systems globally.
Light trucks are increasingly being preferred as commercial carriers owing to their ability to transport goods on short notice and carry a large payload with ease. This trend has resulted in an increased demand for light truck roofs systems globally; however, conventional sunroofs are still predominant as commercial carriers due to their low cost and easy installation procedures among other factors such as energy efficiency and environmental impact among others).
Regional Analysis:
Europe dominated the global light vehicle roof system market in 2017. The presence of stringent regulations, such as the European Union Dark Skies Initiative and the EU Directives, has led to an increase in demand for light-shielding materials used for constructing roof systems on vehicles. Europe is anticipated to maintain its dominance over the forecast period owing to a rise in demand from countries such as Germany and France.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income among consumers and increasing sales of premium cars across key markets including China, India, Japan, South Korea & Taiwan. In addition, growing investments by OEMs are anticipated bode well for regional growth during the same period due to increased product visibility on car models' specifications sheets at dealerships across countries such as China & India.
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in automobiles is expected to drive the demand for roof systems that are lighter in weight. This will benefit the market growth as lightweight roof systems are more fuel-efficient and have a longer life span.
- Growing popularity of electric vehicles: The increasing popularity of electric vehicles is anticipated to boost the demand for roof systems that can accommodate charging ports and other electrical equipment without compromising on aesthetics or performance. This will create new opportunities for market players to develop innovative products that cater to the specific needs of this segment.
- Rising consumer awareness about safety features: Consumers are increasingly becoming aware about the importance of safety features in automobiles, which is likely to spur demand for advanced roof systems with enhanced crash protection capabilities. This will provide an impetus to market growth over the forecast period.
- . Technological advancements: Ongoing technological advancements in materials science and engineering are resulting in innovative products with better performance characteristics, which is expected to drive adoption rates among consumers worldwide. This will create opportunities for players operating in this market space to capitalize on growing consumer interest by introducing new and improved products into the marketplace . 5.. Increasing vehicle production levels: A rise in global vehicle production levels is projectedto resultin an increasein therequirementforroofsystems, thereby providing a boostto themarketgrowthovertheforecastperiod
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Roof System Market Research Report
By Type
Conventional Sunroofs, Convertible Roofs, Large Sunroofs
By Application
Car, Light Truck
By Companies
Valmet Automotive, Aisin Seiki, Inteva Products, Magna International, Webasto, Pininfarina, American Specialty Cars, Beijing Hainachuan Automotive Parts
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Roof System Market Report Segments:
The global Light Vehicle Roof System market is segmented on the basis of:
Types
Conventional Sunroofs, Convertible Roofs, Large Sunroofs
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
Car, Light Truck
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:
- Valmet Automotive
- Aisin Seiki
- Inteva Products
- Magna International
- Webasto
- Pininfarina
- American Specialty Cars
- Beijing Hainachuan Automotive Parts
Highlights of The Light Vehicle 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:
- Conventional Sunroofs
- Convertible Roofs
- Large Sunroofs
- By Application:
- Car
- Light Truck
- 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 Light Vehicle 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 light vehicle roof system is a type of roof that is typically used on small cars and trucks. It consists of a lightweight, rigid frame covered with fabric or plastic. The system usually includes a sunroof or other opening in the roof to allow sunlight and air into the vehicle.
Some of the major companies in the light vehicle roof system market are Valmet Automotive, Aisin Seiki, Inteva Products, Magna International, Webasto, Pininfarina, American Specialty Cars, Beijing Hainachuan Automotive Parts.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Light Vehicle 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. Light Vehicle 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. Light Vehicle Roof System Market - Supply Chain
4.5. Global Light Vehicle Roof System Market Forecast
4.5.1. Light Vehicle Roof System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Light Vehicle Roof System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Light Vehicle Roof System Market Absolute $ Opportunity
5. Global Light Vehicle 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. Light Vehicle Roof System Market Size and Volume Forecast by Type
5.3.1. Conventional Sunroofs
5.3.2. Convertible Roofs
5.3.3. Large Sunroofs
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Light Vehicle 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. Light Vehicle Roof System Market Size and Volume Forecast by Application
6.3.1. Car
6.3.2. Light Truck
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Light Vehicle 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. Light Vehicle 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 Light Vehicle 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. Light Vehicle 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 Light Vehicle Roof System Demand Share Forecast, 2019-2029
9. North America Light Vehicle 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 Light Vehicle 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 Light Vehicle Roof System Market Size and Volume Forecast by Application
9.4.1. Car
9.4.2. Light Truck
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Light Vehicle Roof System Market Size and Volume Forecast by Type
9.7.1. Conventional Sunroofs
9.7.2. Convertible Roofs
9.7.3. Large Sunroofs
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 Light Vehicle Roof System Demand Share Forecast, 2019-2029
10. Latin America Light Vehicle 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 Light Vehicle 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 Light Vehicle Roof System Market Size and Volume Forecast by Application
10.4.1. Car
10.4.2. Light Truck
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Light Vehicle Roof System Market Size and Volume Forecast by Type
10.7.1. Conventional Sunroofs
10.7.2. Convertible Roofs
10.7.3. Large Sunroofs
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 Light Vehicle Roof System Demand Share Forecast, 2019-2029
11. Europe Light Vehicle 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 Light Vehicle 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 Light Vehicle Roof System Market Size and Volume Forecast by Application
11.4.1. Car
11.4.2. Light Truck
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Light Vehicle Roof System Market Size and Volume Forecast by Type
11.7.1. Conventional Sunroofs
11.7.2. Convertible Roofs
11.7.3. Large Sunroofs
11.8. 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 Light Vehicle Roof System Demand Share, 2019-2029
12. Asia Pacific Light Vehicle 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 Light Vehicle 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 Light Vehicle Roof System Market Size and Volume Forecast by Application
12.4.1. Car
12.4.2. Light Truck
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Light Vehicle Roof System Market Size and Volume Forecast by Type
12.7.1. Conventional Sunroofs
12.7.2. Convertible Roofs
12.7.3. Large Sunroofs
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 Light Vehicle Roof System Demand Share, 2019-2029
13. Middle East & Africa Light Vehicle 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 Light Vehicle 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 Light Vehicle Roof System Market Size and Volume Forecast by Application
13.4.1. Car
13.4.2. Light Truck
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Light Vehicle Roof System Market Size and Volume Forecast by Type
13.7.1. Conventional Sunroofs
13.7.2. Convertible Roofs
13.7.3. Large Sunroofs
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 Light Vehicle Roof System Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Light Vehicle Roof System Market: Market Share Analysis
14.2. Light Vehicle Roof System Distributors and Customers
14.3. Light Vehicle Roof System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Valmet Automotive
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Aisin Seiki
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Inteva Products
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Magna International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Webasto
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. American Specialty Cars
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Beijing Hainachuan Automotive Parts
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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
