Steel Roof Systems Market (Products, Applications, and Geography). This study provides market analysis, trends and future estimates by 2027
Portland, Oregon, United States, September 22, 2022 / EINPresswire.com/ – Automotive Steel Roof System Market Forecast – 2027
A hardtop is a solid form of a car roof system, which allows fresh air and sunlight to flow into the car. Solid roofing can also be divided into retractable and non-retractable roofing system. Moreover, the retractable steel roof uses materials such as steel, plastic, aluminum, etc. to allow for flexible movement. In addition, the glass-plastic-composite and fiber-plastic composite roof system is used in automobiles for lightweight construction, which improves the vehicle’s fuel efficiency. Ceiling system manufacturers are introducing new and advanced roofing systems to meet the increasing demand. For example, the web as a group produces advanced types of automotive roof systems such as hard roofs, soft tops, roof blinds and retractable hard roofs using materials such as polycarbonate, aluminum, etc. Therefore, it is expected that many manufacturers producing innovative roof systems will lead the market growth of the market Automotive steel roof system.
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COVID-19 scenario analysis:
Customer turnout has been significantly reduced due to the government announced shutdown which has sharply reduced vehicle sales and manufacturers have seen a devastating decline in the automotive hard roof system market.
The vendors in the Solid Roof Systems industry across the globe are being severely affected by the unavailability of manpower due to the announced shutdowns; Thus, disrupting production and installation for automotive steel roof system manufacturers around the world.
As governments around the world have announced shutdowns over the past few months, the supply and demand cycle for manufacturers of mobile hard roof systems is at risk.
Major issues such as declining liquidity and minimal operating cash have caused the automotive rigid roof system manufacturers to shut down their operations, due to the COVID-19 pandemic, which in turn has disrupted the sales of the automotive steel roof system market.
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Main Influencing Factors: Analysis of Market Scenario, Trends, Drivers, Impact Analysis
Increasing demand for the premium automotive segment and innovations in materials such as glass-plastic composite and fiber-plastic composite are driving the market growth. However, low penetration of roof system in mid-segment vehicles is expected to hamper market growth. Conversely, the increased penetration of roof systems into SUVs around the world is an opportunity for market investments.
The trends of the automotive steel roof system market are as follows:
Increasing demand for premium vehicles
The increase in demand for luxury cars can be attributed to innovations in materials used such as carbon fibres, polycarbonate and others. Moreover, regardless of the auto economic slowdown and rising loan interest rates, the demand for luxury cars is increasing globally due to the rising disposable income of consumers. In addition, the premium automotive segment is a key market for many independent and costly features such as adaptive cruise control (ACC), roof systems, and more. The luxury cars offer a high level of comfort and innovative safety features such as Lane Departure Warning (LDW), Automatic Emergency Braking (AEB), and others, further enhancing the security for occupants. Therefore, the increase in demand for premium cars is expected to drive the growth of the automotive rigid roof system market.
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The main benefits of the report:
This study provides analytical portrayal of the Automotive Hardtop System industry along with current trends and future estimates to identify imminent investment pockets.
The report presents the information regarding the major drivers, restraints, and opportunities along with challenges of the Automotive Roof System market.
The current market is quantitatively analyzed from 2019 to 2027 to highlight the growth scenario of the Automotive Steel Roof System Market.
It also determines whether the steel roof system will continue to be a significant revenue contributor to the market through the foreseeable future.
The questions answered in the global Automotive Steel Roof System market research report:
Who are the leading market players active in the Hardtop Vehicle Roof System market?
What are the current trends that will affect the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the future prospects that would help take further strategic steps?
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The main market players
Webasto . group
Magna International Inc.
Valmet Automotive Company
Intiva Products LLC
INALVA ROOF SYSTEMS RANGE
ALUPROF aluminum profiles
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