Automotive Detachable Roof Market is predicted to grow from USD 2.15 billion in 2021 to USD 3.77 billion by 2030, at a CAGR of 6.45% during the forecast period.
An automotive detachable roof has removable panels for the body of the car. These panels are made of fabric, aluminum, and carbon fiber among other things. The car has a convertible roof system with a hardtop and soft top that adds to its fashionable appeal. Demand for automotive convertible roof systems has increased. This is a result of advances in material technology and rising customer demand in developing countries.
The primary driver of the automotive detachable roof system market is the increased demand for high-end luxury vehicles. The continued development of automotive technology as a result of significant investments made in R&D by manufacturers globally is another factor helping the Automotive Detachable Roof market grow.
Market Dynamics:
Drivers:
Due to its durable aluminum alloy and composite plastic construction, car roof racks have substantially lower operating costs. Thus, resulting in their excellent longevity. The aforementioned reasons have improved product demand, which propels automotive detachable roof market expansion.
The availability of convertible top parts for many car models on numerous online platforms is helping to increase sales of the automobile components. Automotive detachable rooftop manufacturers are finding profitable prospects due to the popularity of convertible roof systems in SUV automobile models.
Restraints:
The weight of a vehicle is increased when a heavy roof carrier is used on top of it. Moreover, large luggage and roof carriers increase air resistance in moving vehicles. All of these elements increase the load on the car's engine, which increases fuel use by the engine. This has an impact on car efficiency. Due to the roof box on top of the car, drivers use 10 to 25% extra fuel. Aerodynamics are destroyed when the vehicle's "frontal area" is increased. As a result, these issue’s will limit the expansion of the automotive detachable roof market.
Opportunities:
The market for automotive detachable roof systems is expected to grow as a result of rising advancements in solar-powered roof systems. The acceptance of solar technology has steadily increased over time. This is a result of shifts toward ongoing trends in the automotive industry relating to fuel consumption reduction, reducing the amount of vehicle CO2 emissions. Eco-friendly solar power technology integrated into roof systems can help end users make advantage of the charging capabilities for the electric car range. The demand for solar-powered roofs is also anticipated to rise in the future, due to government regulations. This an area which can be explored and may possess great opportunity for the automotive detachable roof market.
Key Players:
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Thule Group
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Magna International, Inc.
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Minth Group Limited
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VDL Hapro bv
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Yazaki Corporation
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Yakima Products Inc.
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Atera GmbH
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Sumitomo Electric
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Rhino-Rack
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JAC Products
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Continental AG
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BOS GmbH
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Magna International Inc.
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Standex International Corporation
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Inalfa Roof Systems Group B.V
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CIE Automotive
Market Segmentation:
Automotive Detachable Roof Market, By Rooftop Type
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Hardtop
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Soft top
Automotive Detachable Roof Market, By Material Type
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PVC
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Carbon Fiber
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Aluminum
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Others
Automotive Detachable Roof Market, By Vehicle Type
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Passenger Car
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SUV
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Sedan/ Hatchback
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Electric vehicles
Automotive Detachable Roof Market, By Region
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
Regional Analysis:
The Asia-Pacific automotive detachable roof market is anticipated to grow at the fastest rate. The growth of this region is significantly fueled by the expanding urban population, which now accounts for more than 38% of the world's population and is increasing in countries like China and India.
Europe holds the significant market share, with Germany leading this particular industry. Moreover, Germany is the country with the most leisure vacation excursions taken. It is projected that an increase in leisure and adventure travel by the younger generation will contribute to the growth of the market.
Scope of the Report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.45% |
Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
Current Market size |
USD 2.15 Billion |
Forecast market growth |
USD 3.77 Billion |
User
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Introduction
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Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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