Automotive Convertible Top Market

The global Automotive Convertible Top market was valued at 479.64 Million USD in 2021 and will grow with a CAGR of 1.19% from 2021 to 2027, based on newly published report.

The prime objective of Automotive Convertible Top Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Automotive Convertible Top Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Automotive Convertible Top is a retractable roof consisted of an articulated frame covered with a folding textile-based fabric similar to that on an open carriage evolved into the most common form. A lesser seen detachable hardtop provided a more weatherproof and secure alternative. As technology improved a retractable hardtop which removes and stows its own rigid roof in its trunk appeared, increasingly becoming the most popular form.For 2004 to now, the global production shows a downward trend, the significant downward trend downward trend shows before the 2010, the global production of the automotive convertible top is 500 K Unit, the largest production region is Europe, the second largest region is in North America; the industry is very concentrated, the top three manufactures occupy about 92% in 2015; The largest consumption region is Europe, the market share is about 44.2% in 2015; the second largest region is the North America, the market share is about 43.8% in 2015; and the smallest consumption region is RoW, China has the largest consumption growth rate; The average price is 2033USD per Unit in 2015; the highest price is in Europe 2100 USD per Unit in 2015, the North America`s price is about 172 USD per Unit; the average gross margin is about 35%; the price shows decreasing trend, and the gross margin has similar phenomenon; the hard top`s price is higher than the soft top; The import and export only occupies little market share. In the future, the convertible car`s market share is being eroded by SUV and crossover cars so the production shows decreasing trend due the convertible car`s production decreasing, the hard top will be the trend of automotive convertible top, it will occupy larger market share; the price and gross margin will also show decrease trend.

By Market Verdors:

Webasto

Magna

Valmet

Toyo Seat

ASC, Inc.

By Types:

Hard Top

Soft Top

By Applications:

Premium Vehicle

Non-premium Vehicle

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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To understand the future outlook and prospects for the market.

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