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Automotive Convertible Roof System Market Analysis

  • Report ID: GMI11722
  • Published Date: Oct 2024
  • Report Format: PDF

Automotive Convertible Roof System Market Analysis

Based on rooftop, the market is segmented into hardtop and soft top. In 2023, the hardtop segment accounted for over 60% of the market share and is expected to exceed USD 3.5 billion by 2032. Manufacturers are enhancing hardtop convertible roofs with advanced technologies, including sensors, actuators, and sophisticated control systems, to improve operation and safety. Standard features now include automatic operation based on weather conditions, voice-activated controls, and smartphone integration.
 

For instance, in June 2023, Mercedes-Benz advanced its AI integration by enhancing the voice control in its vehicles for in-vehicle systems, cruise control, and voice-activated convertible roof control. The addition of ChatGPT to the MBUX Voice Assistant's "Hey Mercedes" feature has made it more intuitive. Moreover, an optional beta program was launched in the U.S. for over 900,000 vehicles with the MBUX infotainment system. This integration enabled through a partnership with Microsoft, utilizes the Azure OpenAI Service to leverage OpenAI’s generative AI models, ensuring enterprise-grade security, privacy, and reliability.
 

Some systems can detect obstacles during the opening or closing process to prevent damage. This trend aligns with the broader movement towards connected and intelligent vehicles. As consumers demand more high-tech features, manufacturers in the premium and luxury segments are using smart convertible roof systems as a key selling point.
 

Automotive Convertible Roof System Market Share, Vehicle, 2023

Based on the vehicle, the automotive convertible roof system market is divided into passenger vehicles and commercial vehicles. The passenger vehicle segment held around 86% of the market share in 2023 due to several key factors. Convertible roof system manufacturers are enhancing the speed and quietness of roof operations in passenger vehicles. Faster deployment and retraction times increase convenience, enabling spontaneous open-top driving during brief stops. Advanced hydraulic or electric systems, combined with optimized mechanisms, allow roof operations in 10-15 seconds for some models. Concurrently, manufacturers are reducing noise by using sound-dampening materials and refining mechanical components.
 

These improvements address consumer concerns about the practicality of convertibles and enhance the user experience. As these systems advance, the convenience and noise levels between coupe and convertible models are becoming increasingly similar. Moreover, Manufacturers are increasingly enhancing customization and personalization features for convertible roof systems. This trend includes a broader selection of color options for soft tops, contrasting hues for hard tops, and customizable patterns or graphics on roof fabric.
 

Some manufacturers are integrating electrochromic glass panels in hard-top convertibles, allowing users to adjust roof transparency. Additionally, the aftermarket is seeing a rise in customization options, such as performance upgrades for roof mechanisms and unique fabric patterns.
 

U.S. Automotive Convertible Roof System Market, 2021 – 2032, (USD Million)

The U.S. is considered the dominating region in the North American automotive convertible roof system market and is expected to exceed USD 2 billion by 2032. The U.S. market is experiencing a resurgence in mid-size convertibles, particularly in the premium segment. This revival is driven by baby boomers and Gen X consumers seeking nostalgic yet modern driving experiences. Automakers are responding by introducing new models and updating classics with advanced convertible roof technologies that offer improved insulation, noise reduction, and faster operation.
 

The trend is further supported by the growing popularity of road trips and outdoor activities post-pandemic. Models like the Ford Mustang and Chevrolet Camaro convertibles are seeing renewed interest, while luxury brands such as Audi and BMW are expanding their mid-size convertible offerings to capture this market segment.
 

European automakers are leading in integrating smart technologies into convertible roof systems. This includes features like voice-activated roof operation, automatic deployment based on weather conditions, and integration with vehicle connectivity systems. Advanced sensors and AI algorithms enhance safety by automatically closing the roof during impending collisions or extreme weather. Some luxury models are experimenting with transparent roof panels that switch between opaque and clear states, offering a unique blend of open-air feel and privacy. This trend aligns with the broader push toward vehicle digitalization and aims to enhance the overall user experience for convertible owners.
 

In the Asia Pacific region, particularly in countries like Japan, South Korea, and China, there is a shift from hardtop to soft-top convertibles. This change is driven by advancements in soft-top materials that offer better durability and insulation, reduced weight compared to hardtop mechanisms, and more design flexibility. Automakers are leveraging this trend to create sleeker, more fuel-efficient convertible models that appeal to urban consumers.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive convertible roof system reached USD 2.8 billion in 2023 and is set to grow at a CAGR of 8% between 2024 and 2032, led by rising demand for electric and hybrid convertibles.

The hardtop segment accounted for over 60% of the market share in 2023 and is expected to exceed USD 3.5 billion by 2032.

The U.S. industry is expected to exceed USD 2 billion by 2032. The U.S. market is experiencing a resurgence in mid-size convertibles, particularly in the premium segment.

Major players include Antolin, BOS Group, CIE Automotive, Continental Engineering Services, Eurotop GmbH & Co. KG, Inalfa Roof Systems Group B.V., Magna International, Inc., The Haartz Corporation, Valmet Automotive, and Webasto Group.

Automotive Convertible Roof System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 180
  • Countries covered: 21
  • Pages: 180
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