Press release
Automotive Roof System Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities To 2032
Automotive Roof System Market
The Business Research Company's Automotive Roof System Global Market Report 2023 identifies increasing passenger car sales as the major driver for the Automotive Roof System market's growth in the forecast period. Passenger vehicles are motor vehicles that are used for the transport of passengers for commercial purposes. The automotive roof system provides effective ventilation, and enhanced driving experience for the rider in passenger vehicles, as a result.
The global automotive roof systems market size is expected to grow from $28.95 billion in 2022 to $31.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive roof systems market size is expected to reach $41.39 billion in 2027 at a CAGR of 7.2%.
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Major competitors in the Automotive Roof System market are Webasto Group, Magna International Inc., Valmet Automotive Inc., Inteva Products LLC, Covestro AG, Inalfa Roof Systems Group, AAS Automotive.
A key trend in the Automotive Roof System market includes technological advancements. Major companies operating in automotive roof systems are introducing innovative roof systems to sustain their position in the market. For instance, in February 2022, Front Runner Outfitters, a US-based company operating in automotive roof systems, launched a new slim sport roof rack system. This low-profile roof rack system is designed for activity-focused drivers; even customizing is available, allowing integration of most of Front Runner's top-mounted rack accessories.
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The Automotive Roof System market is segmented -
• By Type: Sunroof System, Panorama Roof System, Multi-Optional Roof System, Solar Roof System, Light Weight Roof System, Inbuilt Roof System, Other Types
• By Material: Aluminium, Steel, Polycarbonate, Glass-Plastic Composite, Fiber-Plastic Composite
• By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
• By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Roof System market.
The Business Research Company's "Global Automotive Roof System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Roof System Market Include:
1. Executive Summary
2. Automotive Roof System Market Characteristics
3. Automotive Roof System Market Trends And Strategies
4. Automotive Roof System Market - Macro Economic Scenario
5. Automotive Roof System Market Size And Growth
………………………………………………………………………..
26. Africa Automotive Roof System Market
27. Automotive Roof System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Roof System Market
29. Automotive Roof System Market Future Outlook and Potential Analysis
30. Appendix
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