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Global Automotive Convertible Roof System Market 2020-2024 | Development of Innovative Panel Convertible Top to Boost Market Growth | Technavio

November 27, 2019
Global Automotive Convertible Roof System Market 2020-2024 | Development of Innovative Panel Convertible Top to Boost Market Growth | Technavio
Global Automotive Convertible Roof System Market 2020-2024 | Development of Innovative Panel Convertible Top to Boost Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 27, 2019--

The global automotive convertible roof system market size is expected to grow by USD 571.55 million during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global automotive convertible roof system market 2020-2024. (Graphic: Business Wire)

The demand for utility vehicles including SUVs and crossover vehicles has increased considerably in recent years. Popular OEMs in the large SUV category are offering convertible roof as a standard or optional fitment. In addition, the growing demand for an open-air driving experience among consumers is also fostering the demand for utility vehicles. The aftermarket fitment of automotive convertible roof systems in SUVs including crossover and pickup trucks is also driving market growth. Thus, the growing demand for convertible feature in modern utility vehicles is anticipated to drive the automotive convertible roof system market growth during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40173

As per Technavio, the development of an innovative panel convertible top will have a positive impact on market growth over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Automotive Convertible Roof System Market: Development of an Innovative Panel Convertible Top

Automakers across the globe are developing and testing advanced technologies for improving the performance of convertible cars. Some of the leading OEMs are developing innovative lightweight convertible panel tops made of magnesium. These convertible roof systems give complete insulation to the occupants when the roof is closed. In addition, the deployment of lightweight convertible roof systems in convertible cars also enhances their performance and visual aesthetics. Thus, the development of innovative panel convertible tops will drive the market growth during the forecast period.

“Growing popularity of convertible roof systems in EVs and the availability of care and protection products for convertible roof system are some other factors that are expected to boost the automotive convertible roof system market growth during the forecast period,says a senior analyst at Technavio.

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Automotive Convertible Roof System Market: Segmentation Analysis

This market research report segments the automotive convertible roof system market by vehicle type (luxury cars and semi-luxury cars), and roof type (soft top and hard top) and geography (APAC, Europe, MEA, North America, and South America).

Europe led the market in 2019, followed by North America, APAC, South America, and MEA respectively due to the increasing demand for luxury cars in Germany, France, Italy, Spain, and the UK.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191127005110/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AFTERMARKET AUTOMOTIVE OTHER AUTOMOTIVE AUTOMOTIVE MANUFACTURING GENERAL AUTOMOTIVE MANUFACTURING FLEET MANAGEMENT

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/27/2019 07:00 AM/DISC: 11/27/2019 07:01 AM

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