Automotive Roof System Market Outlook – 2027
Automotive roof system allows flow of fresh air and sunlight in the car. There has been an immense development in the roof system in the past few years. Various types of automotive roof systems such as sunroof system, multi-optional roof, panorama with sunroof system and solar roof system have become more flexible & dynamic in nature. Furthermore, roof system made up of glass-plastic composite and fiber-plastic composite are used in cars for light weight construction and to control fuel consumption of the vehicle. Leading roof system innovators have also stepped into the market because of a higher profit margin from automotive roof system market.
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The key players analyzed in the report include Webasto Group, Magna International Inc., Valmet Automotive Inc., Inteva Products LLC, Covestro AG, Inalfa Roof Systems Group, AAS Automotive, AISIN SEIKI, ALUPROF Aluminiumprofile and BOS group.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Increase in demand for premium segment of the vehicles and innovations in materials such as glass-plastic composite and fiber-plastic composite are driving the growth of the market. However, low penetration of roof system in mid segment vehicles is expected to hamper the growth of the market. Contrarily, increasing penetration of roof systems in sport utility vehicle (SUV) across the globe is an opportunity for the market investments.
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The automotive roof system market trends are as follows:
Increase in demand for premium segment vehicles
In spite of the current economic slowdown and rising interest rates on bank loans, the demand for premium vehicles has been increasing across the world. The premium vehicle segment is a key market for numerous autonomous & expensive features such as adaptive cruise control (ACC) and roof systems. Additionally, luxury cars provide a high level of comfort and safety features such as lane-departure warning (LDW) and automatic emergency braking (AEB) making it more secure. Therefore, the increase in demand for premium vehicles is expected to upsurge the autonomous roof system market growth.
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