Global Automotive Roof Systems Market 2017-2021
About Automotive Roof Systems
The early automobiles were designed during the period of horse-drawn carriages. Most of the initial stages of roof designs were influenced by the designs from the carriages. During 1896, there were no roofs, windshields, doors, or side glass for the cars made by Henry Ford. After several technological evolutions, a fixed roof and, subsequently, retractable roofs came into being. The roof of an automobile protects the occupants of the vehicles from sun, wind, rain, and other external elements.
Technavio’s analysts forecast the global automotive roof systems market to grow at a CAGR of 3.03% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive roof systems market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Roof Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive roof systems market: Inalfa Roof Systems Group, Inteva Products, Magna, and Webasto.
Other Prominent Vendors in the market are: AISIN SEIKI, CIE Automotive, Valmet, Heliatek, ALUPROF Aluminiumprofile, BOS Group, ENCZ, and Meritor.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new technology for faster operation. Innovations and technological advances based on design and operational changes are prevalent in the global automotive retractable rooftop market. It is rapidly evolving with the use of advanced technology in the powertrain, infotainment, comfort and convenience, and safety sectors.”
According to the report, one driver in the market is decreasing production cost of retractable rooftops. The vehicles that are equipped with retractable rooftops generate more revenue for the global automotive roof systems market because their complex design makes them expensive. The production cost is also high, which has reduced the profit margin. The automotive retractable rooftop market is becoming more popular year-over-year with automakers enhancing their product portfolio of vehicles with retractable rooftops. The roof designs have become much more dynamic and flexible, which gives a better visual appeal to an automobile. There are some driving factors that have led to the market penetration of retractable rooftops such as declining cost of production with advancements in technology and increasing reliability.
Further, the report states that one challenge in the market is high cost of automotive electronic devices. The sales of automotive sunroofs and retractable roofs are increasing, but there is a challenge faced by the OEMs because of the inclusion of more electronic content in the devices. At present, an automotive sunroof consists of circuits, control switch, relay, motor, wires, and various other components. Automotive electronic devices increase the ease of operating a vehicle and offer comfort and safety. These devices are available with advanced functionality and compatibility features.
Inalfa Roof Systems Group, Inteva Products, Magna, Webasto, AISIN SEIKI, CIE Automotive, Valmet, Heliatek, ALUPROF Aluminiumprofile, BOS Group, ENCZ, and Meritor.