Automotive Roof System Market Research Report for Complete Analysis of Current Scenario February 22, 2022
Transparency Market Research has published a new report titled, “Global
Automotive Roof System Market (Type: Panorama Roof System, Sunroof System, Multi-optional Roof System, Solar Roof System, Convertible Roof System, and Plain Roof System; Passenger Vehicle Type: Hatchback, Sedan, Utility Vehicle, Material: Aluminum, Steel, Polycarbonate, and Others, Sales Channel: OEMs and Aftermarket ) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.” According to the report, the global automotive roof system market is projected to surpass US$ 37 Bn by 2026, expanding at a CAGR of above 5% during the forecast period.
According to the report, the global automotive roof system market is likely to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the market in the region expanding at a CAGR of more than 5% between 2018 and 2026.
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Companies such as Webasto Group and Inalfa Roof Systems Group, provide innovative roof systems that offer versatile additional features and have a classic appearance. Automotive manufacturers are also constantly developing their roof systems by providing multiple options for consumers. Wide acceptance of convertible roofs and panoramic roof systems by consumers, owing to the comfort offered while driving coupled with extra space, and more air and light, is expected to boost the automotive roof system market during the forecast period. Demand for both hybrid and electric vehicles has been rising across the globe. The major reason is attributed to stringent carbon emission norms being imposed by regulatory authorities worldwide and increasing safety concerns among consumers. The advent of hybrid vehicles is anticipated to offer significant opportunity to solar sunroof manufacturers, as a solar sunroof is highly effective for hybrid vehicles. Various research and