The global light vehicle roof system market is expected to grow from USD 1,092.68 million 2017 to USD 1,790.56 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 7.31%.
“Increase in luxury and semi-luxury class of vehicles
is one of the factors largely attributing to the growth of light vehicle roof system market globally”
The factors attributing to the growth of the market are increase in luxury and semi-luxury class of vehicles, rising popularity of the automotive retractable rooftop owing to rise in disposable income, and lightweight automotive roof systems with aerodynamic efficiency. However, some factors such as and safety and policy concern may hinder the market growth. The global light vehicle roof system market is expected to showcase the opportunities such as diversified technologies creating advanced roof systems, high demand from countries in europe for convertible automobiles, integration of composite materials to increase operability at high speed, and increase in the sales of muvs and suvs. In the near future, the market may face the possible challenges in the growth due to and high cost of integration. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global light vehicle roof system market market.“Composites: The highest growing material for the global light vehicle roof system market”
On the basis of material, the global light vehicle roof system market is studied across Composites, Glass, Metals, and Plastic & Fabrics. Among all these material, the Composites is projected to hold the largest market share while the Glass has the potential to grow the market with the highest CAGR in the forecast period.“Retractable hard-top roofs: The highest growing technology for the global light vehicle roof system market”
On the basis of technology, the global light vehicle roof system market is studied across Retractable hard-top roofs, Retractable soft-top roofs, and Solar roofs. Among all these technology, the Retractable hard-top roofs is projected to hold the largest market share while the Solar roofs has the potential to grow the market with the highest CAGR in the forecast period.“Passenger: The highest growing vehicle for the global light vehicle roof system market”
On the basis of vehicle, the global light vehicle roof system market is studied across Commercial and Passenger. Among all these vehicle, the Passenger is projected to hold the largest market share while the Commercial has the potential to grow the market with the highest CAGR in the forecast period.“OEM: The highest growing distribution channel for the global light vehicle roof system market”
On the basis of distribution channel, the global light vehicle roof system market is studied across Aftermarket and OEM. Among all these distribution channel, the OEM has captured the maximum market share while the Aftermarket has the opportunity to emerge with the highest CAGR.“Asia-Pacific: The highest growing geography for the global light vehicle roof system market”
On the basis of geography, the global light vehicle roof system market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Asia-Pacific is dominating the market with highest market size.
“AISIN SEIKI: The potential growing player for the global light vehicle roof system market”
The key players profiled in the global light vehicle roof system market are AISIN SEIKI, ALUPROF Aluminiumprofile, BOS Group, CIE Automotive, ENCZ, Heliatek, Inalfa Roof Systems Group, Inteva Products, Magna, Meritor, Valmet, and Webasto.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global light vehicle roof system market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global light vehicle roof system market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global light vehicle roof system market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global light vehicle roof system market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global light vehicle roof system market.
Summary:
Get latest Market Research Reports on Light Vehicle Roof System . Industry analysis & Market Report on Light Vehicle Roof System is a syndicated market report, published as Global Light Vehicle Roof System Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update). It is complete Research Study and Industry Analysis of Light Vehicle Roof System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.