The automotive roof system market size has grown strongly in recent years. It will grow from $31.34 billion in 2023 to $33.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. Historical growth can be credited to the consumer's inclination toward panoramic sunroofs, adoption of advanced materials, adherence to stringent vehicle safety regulations, a consumer shift favoring convertible options, and the global surge in premium and luxury vehicle markets.
The automotive roof system market size is expected to see strong growth in the next few years. It will grow to $45.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. Anticipated growth is expected due to a focus on sustainability and lightweight design, greater uptake of electric vehicles, urbanization leading to parking challenges, evolving trends in customization and personalization, and the advancement of safety standards. Key trends in the forecast period encompass the integration of smart roof technologies, the use of lightweight materials for enhanced efficiency, the increase in convertible and retractable roof designs, wider adoption of solar roof technology, and an emphasis on aerodynamics and design.
The automotive roof system market is poised for growth, driven by the increasing sales of passenger cars. Passenger vehicles, utilized for the commercial transport of passengers, benefit from automotive roof systems that offer effective ventilation and an enhanced driving experience. The surge in passenger car sales directly contributes to the growing demand for automotive roof systems. As evidenced by Eurostat's data in January 2023, which reported a 75% increase in the number of electric passenger cars in 2021, totaling 2 million vehicles, the expanding market for passenger cars underscores the driving force behind the automotive roof system market's growth.
The automotive roof system market is expected to experience significant growth due to the increasing adoption of electric vehicles (EVs). Electric vehicles, propelled by one or more electric motors and powered by stored electrical energy, rely on automotive roof systems for features such as solar panels, panoramic sunroofs, or retractable roof modules. These features contribute to energy efficiency, an enhanced driving experience, and sustainable design in electric mobility. The surge in electric vehicle sales, highlighted by the International Energy Agency's Global Electric Vehicle Outlook report in 2022, which recorded over 10 million electric vehicle sales worldwide, with an anticipated 35% increase to 14 million for the following year, underscores the pivotal role of automotive roof systems in the growth of the electric vehicle market.
Technological advancements are emerging as a prominent trend in the automotive roof systems market, with major companies actively introducing innovative solutions to maintain their market position. Front Runner Outfitters, a US-based company specializing in automotive roof systems, exemplifies this trend by launching a new slim sport roof rack system in February 2022. This low-profile roof rack system, designed for activity-focused drivers, offers customization options, enabling the integration of various top-mounted rack accessories from Front Runner's product line. This emphasis on technological innovation positions companies favorably in the competitive landscape of the automotive roof system market.
Prominent players in the automotive roof system market are strategically leveraging technological advancements, particularly smart roof technologies, to elevate user experience and safety standards. Smart roof technologies encompass advanced features integrated into a vehicle's roof, offering functionalities such as automatic rain-sensing wipers and gesture-controlled operations. This innovation allows for control over light intensity, ranging from transparent to completely opaque. An illustrative instance is the collaboration between RoboSense, a China-based smart and automotive LiDAR system provider, and Webasto, a Germany-based company specializing in sunroofs, electric-car chargers, and air-conditioning systems. In April 2021, they partnered to develop a Smart Roof Sensor Module that integrates with RoboSense's automotive-grade MEMS LiDAR RS-LiDAR-M1, catering to Level 3 to Level 5 autonomous driving vehicles. The innovative unit simplifies the structure and mounting process of conventional sensor sets, fostering integration with the vehicle's rooftop design. The transparent material and openable top function contribute to a sense of freedom for passengers, enhancing the overall driving experience.
In August 2022, Webasto, a German-based automotive roof systems company, acquired Carlex Glass Luxembourg SA for an undisclosed amount. This acquisition positions Webasto to broaden its expertise in glass production, unlocking new possibilities in areas such as switchable glazing, ambient lighting, and solar roofs. Carlex Glass Luxembourg SA, a US-based company specializing in manufacturing automotive roof systems, aligns with Webasto's strategic vision for expansion and diversification in the evolving automotive market. This acquisition reinforces Webasto's commitment to staying at the forefront of innovation and meeting the evolving needs of the automotive industry.
Major companies operating in the automotive roof system market report are Webasto SE, Magna International Inc., Valmet Automotive Inc., Inteva Products LLC, Covestro AG, Inalfa Roof Systems Group B.V., AAS Automotive Ltd., Aisin Corporation, ALUPROF S.A., Robert Bosch GmbH, The Haartz Corporation, JAC Products, CIE Automotive, U-Shin Ltd., Continental AG, Saint-Gobain Sekurit, GAHH LLC., CTS Automotive Products, Yachiyo Industry Co. Ltd., Minda KTSN Plastic Solutions GmbH & Co. KG, Mobitech Industries LLP, ACS Industries Inc., Kinugawa Rubber Industrial Co. Ltd., Roth North America, Eagle Ottawa LLC, RIMO GmbH, lkeda Manufacturing Co. Ltd., Tata Sons Private Limited, BOS Group, Carcoustics International GmbH, Hoerbiger Holding AG.
Asia-Pacific was the largest region in the automotive roof system market in 2023. The regions covered in the automotive roof system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive roof system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Diverse variants of automotive roof systems include sunroof, panorama, multi-optional, solar, lightweight, inbuilt, and others. A sunroof constitutes the top panel allowing light and fresh air into the vehicle. These systems incorporate materials such as aluminum, steel, polycarbonate, glass-plastic composite, and fiber-plastic composite. They cater to passenger vehicles, light commercial vehicles, and heavy commercial vehicles, and are distributed through sales channels such as original equipment manufacturer (OEM) and aftermarket.
The automotive roof systems market research report is one of a series of new reports that provides automotive roof systems market statistics, including automotive roof systems industry global market size, regional shares, competitors with an automotive roof systems market share, detailed automotive roof systems market segments, market trends and opportunities, and any further data you may need to thrive in the automotive roof systems industry. This automotive roof systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The automotive roof system market size is expected to see strong growth in the next few years. It will grow to $45.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. Anticipated growth is expected due to a focus on sustainability and lightweight design, greater uptake of electric vehicles, urbanization leading to parking challenges, evolving trends in customization and personalization, and the advancement of safety standards. Key trends in the forecast period encompass the integration of smart roof technologies, the use of lightweight materials for enhanced efficiency, the increase in convertible and retractable roof designs, wider adoption of solar roof technology, and an emphasis on aerodynamics and design.
The automotive roof system market is poised for growth, driven by the increasing sales of passenger cars. Passenger vehicles, utilized for the commercial transport of passengers, benefit from automotive roof systems that offer effective ventilation and an enhanced driving experience. The surge in passenger car sales directly contributes to the growing demand for automotive roof systems. As evidenced by Eurostat's data in January 2023, which reported a 75% increase in the number of electric passenger cars in 2021, totaling 2 million vehicles, the expanding market for passenger cars underscores the driving force behind the automotive roof system market's growth.
The automotive roof system market is expected to experience significant growth due to the increasing adoption of electric vehicles (EVs). Electric vehicles, propelled by one or more electric motors and powered by stored electrical energy, rely on automotive roof systems for features such as solar panels, panoramic sunroofs, or retractable roof modules. These features contribute to energy efficiency, an enhanced driving experience, and sustainable design in electric mobility. The surge in electric vehicle sales, highlighted by the International Energy Agency's Global Electric Vehicle Outlook report in 2022, which recorded over 10 million electric vehicle sales worldwide, with an anticipated 35% increase to 14 million for the following year, underscores the pivotal role of automotive roof systems in the growth of the electric vehicle market.
Technological advancements are emerging as a prominent trend in the automotive roof systems market, with major companies actively introducing innovative solutions to maintain their market position. Front Runner Outfitters, a US-based company specializing in automotive roof systems, exemplifies this trend by launching a new slim sport roof rack system in February 2022. This low-profile roof rack system, designed for activity-focused drivers, offers customization options, enabling the integration of various top-mounted rack accessories from Front Runner's product line. This emphasis on technological innovation positions companies favorably in the competitive landscape of the automotive roof system market.
Prominent players in the automotive roof system market are strategically leveraging technological advancements, particularly smart roof technologies, to elevate user experience and safety standards. Smart roof technologies encompass advanced features integrated into a vehicle's roof, offering functionalities such as automatic rain-sensing wipers and gesture-controlled operations. This innovation allows for control over light intensity, ranging from transparent to completely opaque. An illustrative instance is the collaboration between RoboSense, a China-based smart and automotive LiDAR system provider, and Webasto, a Germany-based company specializing in sunroofs, electric-car chargers, and air-conditioning systems. In April 2021, they partnered to develop a Smart Roof Sensor Module that integrates with RoboSense's automotive-grade MEMS LiDAR RS-LiDAR-M1, catering to Level 3 to Level 5 autonomous driving vehicles. The innovative unit simplifies the structure and mounting process of conventional sensor sets, fostering integration with the vehicle's rooftop design. The transparent material and openable top function contribute to a sense of freedom for passengers, enhancing the overall driving experience.
In August 2022, Webasto, a German-based automotive roof systems company, acquired Carlex Glass Luxembourg SA for an undisclosed amount. This acquisition positions Webasto to broaden its expertise in glass production, unlocking new possibilities in areas such as switchable glazing, ambient lighting, and solar roofs. Carlex Glass Luxembourg SA, a US-based company specializing in manufacturing automotive roof systems, aligns with Webasto's strategic vision for expansion and diversification in the evolving automotive market. This acquisition reinforces Webasto's commitment to staying at the forefront of innovation and meeting the evolving needs of the automotive industry.
Major companies operating in the automotive roof system market report are Webasto SE, Magna International Inc., Valmet Automotive Inc., Inteva Products LLC, Covestro AG, Inalfa Roof Systems Group B.V., AAS Automotive Ltd., Aisin Corporation, ALUPROF S.A., Robert Bosch GmbH, The Haartz Corporation, JAC Products, CIE Automotive, U-Shin Ltd., Continental AG, Saint-Gobain Sekurit, GAHH LLC., CTS Automotive Products, Yachiyo Industry Co. Ltd., Minda KTSN Plastic Solutions GmbH & Co. KG, Mobitech Industries LLP, ACS Industries Inc., Kinugawa Rubber Industrial Co. Ltd., Roth North America, Eagle Ottawa LLC, RIMO GmbH, lkeda Manufacturing Co. Ltd., Tata Sons Private Limited, BOS Group, Carcoustics International GmbH, Hoerbiger Holding AG.
Asia-Pacific was the largest region in the automotive roof system market in 2023. The regions covered in the automotive roof system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive roof system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Diverse variants of automotive roof systems include sunroof, panorama, multi-optional, solar, lightweight, inbuilt, and others. A sunroof constitutes the top panel allowing light and fresh air into the vehicle. These systems incorporate materials such as aluminum, steel, polycarbonate, glass-plastic composite, and fiber-plastic composite. They cater to passenger vehicles, light commercial vehicles, and heavy commercial vehicles, and are distributed through sales channels such as original equipment manufacturer (OEM) and aftermarket.
The automotive roof systems market research report is one of a series of new reports that provides automotive roof systems market statistics, including automotive roof systems industry global market size, regional shares, competitors with an automotive roof systems market share, detailed automotive roof systems market segments, market trends and opportunities, and any further data you may need to thrive in the automotive roof systems industry. This automotive roof systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automotive Roof System Market Characteristics3. Automotive Roof System Market Trends and Strategies31. Global Automotive Roof System Market Competitive Benchmarking32. Global Automotive Roof System Market Competitive Dashboard33. Key Mergers and Acquisitions in the Automotive Roof System Market
4. Automotive Roof System Market - Macro Economic Scenario
5. Global Automotive Roof System Market Size and Growth
6. Automotive Roof System Market Segmentation
7. Automotive Roof System Market Regional and Country Analysis
8. Asia-Pacific Automotive Roof System Market
9. China Automotive Roof System Market
10. India Automotive Roof System Market
11. Japan Automotive Roof System Market
12. Australia Automotive Roof System Market
13. Indonesia Automotive Roof System Market
14. South Korea Automotive Roof System Market
15. Western Europe Automotive Roof System Market
16. UK Automotive Roof System Market
17. Germany Automotive Roof System Market
18. France Automotive Roof System Market
19. Italy Automotive Roof System Market
20. Spain Automotive Roof System Market
21. Eastern Europe Automotive Roof System Market
22. Russia Automotive Roof System Market
23. North America Automotive Roof System Market
24. USA Automotive Roof System Market
25. Canada Automotive Roof System Market
26. South America Automotive Roof System Market
27. Brazil Automotive Roof System Market
28. Middle East Automotive Roof System Market
29. Africa Automotive Roof System Market
30. Automotive Roof System Market Competitive Landscape and Company Profiles
34. Automotive Roof System Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Automotive Roof System Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive roof system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for automotive roof system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Type: Sunroof System; Panorama Roof System; Multi-Optional Roof System; Solar Roof System; Light Weight Roof System; Inbuilt Roof System; Other Types
2) By Material: Aluminum; Steel; Polycarbonate; Glass-Plastic Composite; Fiber-Plastic Composite
3) By Vehicle Type: Passenger Vehicles; Light Commercial Vehicles; Heavy Commercial Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM); Aftermarket
Companies Mentioned: Webasto SE; Magna International Inc.; Valmet Automotive Inc.; Inteva Products LLC; Covestro AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Webasto SE
- Magna International Inc.
- Valmet Automotive Inc.
- Inteva Products LLC
- Covestro AG
- Inalfa Roof Systems Group B.V.
- AAS Automotive Ltd.
- Aisin Corporation
- ALUPROF S.A.
- Robert Bosch GmbH
- The Haartz Corporation
- JAC Products
- CIE Automotive
- U-Shin Ltd.
- Continental AG
- Saint-Gobain Sekurit
- GAHH LLC.
- CTS Automotive Products
- Yachiyo Industry Co. Ltd.
- Minda KTSN Plastic Solutions GmbH & Co. KG
- Mobitech Industries LLP
- ACS Industries Inc.
- Kinugawa Rubber Industrial Co. Ltd.
- Roth North America
- Eagle Ottawa LLC
- RIMO GmbH
- lkeda Manufacturing Co. Ltd.
- Tata Sons Private Limited
- BOS Group
- Carcoustics International GmbH
- Hoerbiger Holding AG