Global Convertible Roof System Market: Key Highlights
Global Convertible Roof System Market: Key Market Dynamics
Global Convertible Roof System Market: Regional Overview
The Asia-Pacific is projected to gain fast growth for the convertible roof system market owing to the growing automotive sector. The growth of the automotive sector in Asian countries is mainly due to the rising per capita income and increased vehicle production offering convenience and comfort. China is one of the prominent destinations for the automotive market, which has resulted in demand of luxury vehicles. This is further projected to drive the market growth.
The automotive sector plays a vital role in boosting the European economy. The rising demand for automotive vehicles in the region and increasing premium vehicle sales are expected to grow the convertible roof system market. According to European vehicle market statistics, in 2017, 4.3 million sport utility vehicle (SUV) sales took place which was 6 times higher than 15 years ago which further boost the installation of convertible roof system market. The presence of prominent automobile players like BMW, Daimler and Audi are likely to grow the convertible roof system market.
Global Convertible Roof System Market: Key Players Overview
Webasto Group is a German-based company that manufactures automotive components. The company operates through manufacturing convertible roof systems, sunroofs, and mirrors for cars, heating and cooling systems, commercial vehicles, marine, and heavy-duty vehicles. This company produces safe and comfortable modern convertibles. With constant innovation and R&D activities, the company has developed front bow of convertible roof system for BMW i8 Roadster.
Aisin Seiki Co Ltd is a Japan-based company that produces and develops systems and components like clutches, transmissions, ABS, disc brakes, oil pumps, suspensions, power door locks and power windows for the automotive industry. The company offers sunroof, frame molding, roof rail, rear spoiler and other components used for the convertible roof system.
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