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Automotive Convertible Roof System Market Share

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

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Automotive Convertible Roof System Market Share

Automotive Convertible Roof System Market Company Share, 2023

Webasto Group, Valmet Automotive, and Continental Engineering Services collectively held a substantial market share of over 20% in the automotive convertible roof system industry in 2023. Webasto provides a wide range of roof systems, including convertible, panoramic, and sunroofs. By customizing its roof solutions for luxury, sports, and mainstream vehicles, Webasto effectively addresses various market segments. The company focuses on lightweight materials like composites and advanced polymers to reduce roof weight, enhancing vehicle performance and fuel efficiency. This is particularly crucial for convertible roof systems, where lightweight materials improve safety and driving dynamics.

Valmet Automotive targets the premium and electric vehicle (EV) segments. By aligning its convertible roof systems with luxury and high-performance electric cars, Valmet capitalizes on the increasing demand for premium EVs, such as those from Porsche and Mercedes-Benz. Valmet Automotive uniquely combines roof system design, development, and manufacturing with full vehicle contract manufacturing. This integrated approach allows them to offer OEMs comprehensive services from concept to production, securing significant contracts from luxury carmakers.

Continental Engineering Services (CES) specializes in integrating advanced mechatronics into convertible roof systems, providing highly automated solutions. By incorporating smart sensors and electronic control units (ECUs), CES enhances the functionality and convenience of fully automatic convertible roofs, giving them a competitive edge in the premium segment.

Automotive Convertible Roof System Market Companies

Major players operating in the automotive convertible roof system industry are:

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
Webasto Group

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.