Pune, India, February 05, 2019 -- /360iResearch/ -- The report "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)", published by 360iResearch, states that the global market was valued at USD 1,092.68 million in 2017 and is projected to reach USD 1,790.56 million by 2024, growing at a CAGR of 7.31% from 2017 to 2024.
The major forces driving the growth of the light vehicle roof system market include the increase in luxury and semi-luxury class of vehicles and rising popularity of the automotive retractable rooftop owing to rise in disposable income. Moreover, lightweight automotive roof systems with aerodynamic efficiency is also one of the factors that is driving the market growth. However certain factors such as the safety and policy concern may hinder the market growth. In the middle of difficulty lies opportunity such as the 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. The possible challenges for the market growth is high cost of integration. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on material, the global light vehicle roof system market is studied across Composites, Glass, Metals, and Plastic & Fabrics. Based on technology, the global light vehicle roof system market is studied across Retractable hard-top roofs, Retractable soft-top roofs, and Solar roofs. Based on vehicle, the global light vehicle roof system market is studied across Commercial, and Passenger. Based on distribution channel, the global light vehicle roof system market is studied across Aftermarket, and OEM. Based on geography, the global light vehicle roof system market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the light vehicle roof system market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are AISIN SEIKI, ALUPROF Aluminiumprofile, BOS Group, CIE Automotive, ENCZ, Heliatek, Inalfa Roof Systems Group, Inteva Products, Magna, Meritor, Valmet, and Webasto.
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