27th November 2018: Global Automotive Roof Systems Market is anticipated to grow at a higher CAGR in the estimated period. Automotive roof systems are produced from polyurethane composites comprising adhesives, coatings, co-extruded polycarbonate and polycarbonate/acrylonitrile film and polycarbonate thermoplastic glazing. Aluminum for car roof is trending in the industry and also substitution of steel roof panel by a lightweight aluminum alloy roof panel is a lucrative option to enhance mass distribution in a car. However, in case of the entire body is made of steel there are two major problems to solve. First, the determination of reliable joint between distinct materials and second is the thermal expansion coefficient of aluminum and steel.
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Driving factors responsible for the growth of automotive roof systems market include growth in demand for premium cars. Also, the characteristics of roof system enable fresh air and sunlight in the car. Moreover, recent developments in roof systems for automobiles add to the market growth in the estimated period and are expected to keep growing in the distant future. Based on segmentation by type, the automotive roof systems market includes sunroof system, panorama roof system, multi-optional roof system, light weight with solar technology and multi-optional roof system. Based on segmentation by sales channel, the global market includes Aftermarket and OEM. Based on segmentation by vehicle type, the automotive roof systems market includes passenger cars and commercial vehicles. Passenger car segment is further segmented into sedan cars, executive, compact, SUV/MUV, sports and premium.
Based on segmentation by system, the global market includes hard-top roof system and soft-roof top system. Soft-roof top system is further segmented into retractable roof systems and non-retractable roof systems. Geographically, automotive rood systems market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. North America dominates the global scenario owing to rise in automobile technology and growth in convertible cars market. APAC regions have a heavy market share owing to growth of automobile market at a rapid pace. Middle-East regions are expected to grow significantly at a higher CAGR in the estimated period. The key players in the automotive roof systems market include Webasto Group LLC, Magna International LLC, Valmet Automobile Inc, Inteva Products LLC, Covestro AG, Inalfa Roof Systems Group B.V.
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