[250 Pages Report] The global convertible roof control unit market size is likely to be valued at US$ 697.1 Million in 2032 and US$ 238.5 Million in 2022. Increasing consumer preference for convertible roof systems in developing countries is expected to augment the global market in the evaluation period.
As per FMI, the global convertible roof control unit market is projected to exhibit considerable growth at a CAGR of 10.4% in the forecast period (2022-2032). Rising advancements in material technology and surging demand for premium vehicles across the globe are some of the crucial factors that are set to bolster the demand for convertible roof control units in future years.
| Report Attribute | Details |
|---|---|
| Convertible Roof Control Unit Market Estimated Base Year Value (2021) | US$ 154.9 Million |
| Convertible Roof Control Unit Market Expected Market Value (2022) | US$ 238.5 Million |
| Convertible Roof Control Unit Market Anticipated Forecast Value (2032) | US$ 697.1 Million |
| Convertible Roof Control Unit Market Projected Growth Rate (2022-2032) | 10.4% CAGR |
Convertible roof control units help in regulating the roof opening and closing process by utilizing a wide range of sensors. These are mainly installed in modern high class vehicles and provide the ideal technical solution.
Sales of convertible roof control units are expected to surge at a fast pace in the upcoming years owing to their ability to control the electric motors, as well as hydraulic components of the wind deflector, side flaps, wind blockers, power window motors, lift gate, and belt hand-overs.
High demand for luxury vehicles, such as sedans and hatchbacks in both developed and developing countries owing to the rising disposable income and need for more comfort is also projected to augur well for the market.
In addition to that, increasing production of hybrid electric vehicles equipped with soft tops for delivering maximum ventilation and all-round visibility is anticipated to accelerate growth in this market.
In November 2021, for instance, Haartz Corporation, a coated fabrics manufacturer based in the U.S., unveiled its latest tonneau roof cover products at the 2021 Specialty Equipment Market Association (SEMA) Show. Thus, the development of unique products by key players is set to augur well for the global market.
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People worldwide are nowadays moving towards customizable and technologically advanced vehicles backed by their desire to increase the aesthetic appearance of their vehicles. The emergence of technologically advanced convertible vehicles that can effectively transform into a sedan or coupe with just the push of a button is another vital factor that is likely to propel the convertible roof control unit market growth in the upcoming years.
Moreover, rising demand for convertible vehicles from the young population across the globe is set to accelerate the market growth. Surging demand for convenience, safety, and comfort features in vehicles is also projected to bode well for the global market. Technological advancement in the field of glass designs is another factor that is likely to aid growth.
Several automakers are expected to exhibit cost pressure from OEMs as it negatively affects the marginal cost of the overall vehicle. Convertible roof control units are expensive and thus, the overall cost of the vehicle also rises. Besides, these units involve high maintenance cost as they require regular maintenance for operating smoothly. Spurred by the aforementioned factors, sales of convertible roof control units may get obstructed in the near future.
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As per a report by FMI, Europe is likely to generate the largest convertible roof control unit market share in the assessment period. High demand for premium luxury cars in developed countries, such as Germany, France, Spain, Italy, and the U.K. is a major factor that is set to drive the regional market.
In addition to that, the surging fatality rates backed by the rising number of road accidents are pushing automotive OEMs to introduce novel safety features to make convertible vehicles safer to drive. The high penetration rate of advanced safety systems, including lane departure warning systems and emergency brake assist features in sedans is anticipated to propel their sales, thereby pushing the demand for convertible roof control units in Europe.
The North America convertible roof control unit market size is anticipated to expand at a steady pace, finds FMI. Various automobile manufacturers based in the U.S. and Canada are incorporating multiple cutting-edge features in their in-house vehicles to attract more customers. They are introducing new product line-ups with better sensor technologies, as well as electronics, thereby enabling people to purchase customizable vehicles and reduce efforts of users.
Further, increasing sales of luxury cars across North America is expected to bolster the market. Government bodies in the region are focusing on taking various initiatives to push sales of luxury vehicles by reducing registration taxes, import duties, and GST, as well as offering support from banks to deliver easy access to loans for customers and dealers. These factors are anticipated to drive the market in North America.
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Some of the leading companies present in the global convertible roof control unit market include Robert Bosch GmbH, Continental AG, Webasto Thermo & Comfort, and Hoerbiger among others.
Leading players in the global market are striving persistently to broaden their businesses by innovating their technologies and introducing state-of-the-art products. A few other key players are joining hands with small-scale companies to expand their geographic presence.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Volume, USD Million, and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global convertible roof control unit market is set to exceed US$ 697.1 Million in 2032.
Europe is set to lead the convertible roof control unit market in the forecast period.
Robert Bosch GmbH, Continental AG, Webasto Thermo & Comfort, and Hoerbiger are some of the renowned companies in the convertible roof control unit market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Hood Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Hood Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Hood Type, 2022-2032 5.3.1. Soft Tops 5.3.2. Hard Tops 5.4. Y-o-Y Growth Trend Analysis By Hood Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Hood Type, 2022-2032 6. Global Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Vehicle Body Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Vehicle Body Type, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Vehicle Body Type, 2022-2032 6.3.1. Semi-luxury Vehicle 6.3.2. Luxury Vehicle 6.4. Y-o-Y Growth Trend Analysis By Vehicle Body Type, 2017-2021 6.5. Absolute $ Opportunity Analysis By Vehicle Body Type, 2022-2032 7. Global Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Sales Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Sales Channel, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Sales Channel, 2022-2032 7.3.1. Original Equipment Manufacturers (OEM’s) 7.3.2. Aftermarket 7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017-2021 7.5. Absolute $ Opportunity Analysis By Sales Channel, 2022-2032 8. Global Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Vehicle Type 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Vehicle Type, 2017-2021 8.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Vehicle Type, 2022-2032 8.3.1. Passenger Car 8.3.2. Compact 8.3.3. Mid-size 8.3.4. Luxury 8.3.5. SUV’s 8.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017-2021 8.5. Absolute $ Opportunity Analysis By Vehicle Type, 2022-2032 9. Global Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021 9.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. U.S. 10.2.1.2. Canada 10.2.2. By Hood Type 10.2.3. By Vehicle Body Type 10.2.4. By Sales Channel 10.2.5. By Vehicle Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Hood Type 10.3.3. By Vehicle Body Type 10.3.4. By Sales Channel 10.3.5. By Vehicle Type 10.4. Key Takeaways 11. Latin America Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Argentina 11.2.1.4. Chile 11.2.1.5. Peru 11.2.1.6. Rest of Latin America 11.2.2. By Hood Type 11.2.3. By Vehicle Body Type 11.2.4. By Sales Channel 11.2.5. By Vehicle Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Hood Type 11.3.3. By Vehicle Body Type 11.3.4. By Sales Channel 11.3.5. By Vehicle Type 11.4. Key Takeaways 12. Europe Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. Italy 12.2.1.3. France 12.2.1.4. U.K. 12.2.1.5. Spain 12.2.1.6. Russia 12.2.1.7. BENELUX 12.2.1.8. Rest of Europe 12.2.2. By Hood Type 12.2.3. By Vehicle Body Type 12.2.4. By Sales Channel 12.2.5. By Vehicle Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Hood Type 12.3.3. By Vehicle Body Type 12.3.4. By Sales Channel 12.3.5. By Vehicle Type 12.4. Key Takeaways 13. Asia Pacific Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Rest of Asia Pacific 13.2.2. By Hood Type 13.2.3. By Vehicle Body Type 13.2.4. By Sales Channel 13.2.5. By Vehicle Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Hood Type 13.3.3. By Vehicle Body Type 13.3.4. By Sales Channel 13.3.5. By Vehicle Type 13.4. Key Takeaways 14. Middle East and Africa Convertible Roof Control Unit Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Turkey 14.2.1.4. Rest of Middle East and Africa 14.2.2. By Hood Type 14.2.3. By Vehicle Body Type 14.2.4. By Sales Channel 14.2.5. By Vehicle Type 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Hood Type 14.3.3. By Vehicle Body Type 14.3.4. By Sales Channel 14.3.5. By Vehicle Type 14.4. Key Takeaways 15. Key Countries Convertible Roof Control Unit Market Analysis 15.1. U.S. 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Hood Type 15.1.2.2. By Vehicle Body Type 15.1.2.3. By Sales Channel 15.1.2.4. By Vehicle Type 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Hood Type 15.2.2.2. By Vehicle Body Type 15.2.2.3. By Sales Channel 15.2.2.4. By Vehicle Type 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Hood Type 15.3.2.2. By Vehicle Body Type 15.3.2.3. By Sales Channel 15.3.2.4. By Vehicle Type 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Hood Type 15.4.2.2. By Vehicle Body Type 15.4.2.3. By Sales Channel 15.4.2.4. By Vehicle Type 15.5. Argentina 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Hood Type 15.5.2.2. By Vehicle Body Type 15.5.2.3. By Sales Channel 15.5.2.4. By Vehicle Type 15.6. Chile 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Hood Type 15.6.2.2. By Vehicle Body Type 15.6.2.3. By Sales Channel 15.6.2.4. By Vehicle Type 15.7. Peru 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Hood Type 15.7.2.2. By Vehicle Body Type 15.7.2.3. By Sales Channel 15.7.2.4. By Vehicle Type 15.8. Germany 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Hood Type 15.8.2.2. By Vehicle Body Type 15.8.2.3. By Sales Channel 15.8.2.4. By Vehicle Type 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Hood Type 15.9.2.2. By Vehicle Body Type 15.9.2.3. By Sales Channel 15.9.2.4. By Vehicle Type 15.10. France 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Hood Type 15.10.2.2. By Vehicle Body Type 15.10.2.3. By Sales Channel 15.10.2.4. By Vehicle Type 15.11. U.K. 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Hood Type 15.11.2.2. By Vehicle Body Type 15.11.2.3. By Sales Channel 15.11.2.4. By Vehicle Type 15.12. Spain 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Hood Type 15.12.2.2. By Vehicle Body Type 15.12.2.3. By Sales Channel 15.12.2.4. By Vehicle Type 15.13. Russia 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Hood Type 15.13.2.2. By Vehicle Body Type 15.13.2.3. By Sales Channel 15.13.2.4. By Vehicle Type 15.14. BENELUX 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Hood Type 15.14.2.2. By Vehicle Body Type 15.14.2.3. By Sales Channel 15.14.2.4. By Vehicle Type 15.15. China 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Hood Type 15.15.2.2. By Vehicle Body Type 15.15.2.3. By Sales Channel 15.15.2.4. By Vehicle Type 15.16. Japan 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Hood Type 15.16.2.2. By Vehicle Body Type 15.16.2.3. By Sales Channel 15.16.2.4. By Vehicle Type 15.17. South Korea 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Hood Type 15.17.2.2. By Vehicle Body Type 15.17.2.3. By Sales Channel 15.17.2.4. By Vehicle Type 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Hood Type 15.18.2.2. By Vehicle Body Type 15.18.2.3. By Sales Channel 15.18.2.4. By Vehicle Type 15.19. South Africa 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Hood Type 15.19.2.2. By Vehicle Body Type 15.19.2.3. By Sales Channel 15.19.2.4. By Vehicle Type 15.20. Turkey 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Hood Type 15.20.2.2. By Vehicle Body Type 15.20.2.3. By Sales Channel 15.20.2.4. By Vehicle Type 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Hood Type 16.3.3. By Vehicle Body Type 16.3.4. By Sales Channel 16.3.5. By Vehicle Type 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Continental AG 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Hoerbiger 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Webasto Thermo & Comfort 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Robert Bosch GmbH 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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