Convertible Roof System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Convertible Roof System Market has been segmented on the basis of Roof System Component Types (Roof Material, Roof Drive System (Motors), Other Roof System Component Types), Roof Top Type (Hard Top, Soft Top), Vehicle Type (Hatchback, SUV, Sedan), and Geography.

Market Snapshot

Convertible Roof System Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >7.6 %
Convertible Roof System Market Major Players

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Market Overview

The global convertible roof system market is anticipated to register a CAGR of over 7.60%, during the forecast period (2020 – 2025).

  • A convertible roof system is used in luxury and semi-luxury vehicles, which can be controlled with or without a roof in the vehicle. This system allows an open-air driving experience, with the ability to provide a roof, when necessary.
  • Over the past three years (2016-2018), the automotive industry has been continuously witnessing the penetration of convertible roof systems in various car models, such as hatchbacks, SUVs, sedans, and others. During the forecast period, the convertible roof system in SUVs is likely to witness considerable growth, as few automakers are planning to sell their SUV models, with convertible roof features, across various countries. However, the few developing countries, like India and South Africa, may continue to see slow growth due to reasons such as convertible roof system chassis shudder, high price associations, leaks, faster aging of the interiors, and security issues.
  • The increasing demand for premium vehicles is majorly driving the demand for convertible roof systems. Furthermore, the advancement in material technology and the growing preferences of the consumers for convertible roof systems in the developing nations further boost the demand for convertible roof systems. Additionally, an increase in young consumers' population is also a major factor, propelling the growth of the market.


Scope of the Report

The global convertible roof system market has been segmented on the basis of roof system components, roof top types, vehicle types, and geography.

Roof System Components Type
Roof Material
Polyvinyl Chloride (PVC)
Carbon Fiber
Other Roof Materials
Roof Drive System (Motors)
Other Roof System Component Types (Supporting Frames, etc.)
Roof Top Type
Hard Top
Soft Top
Vehicle Type
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa

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Key Market Trends

Auto Manufacturers are Increasing Investments in Convertible Roof Systems

There have been consistent evaluations and innovations in the market studied, which were undertaken to improve ease and comfort. For instance, BMW is one of the major luxury car makers that has launched its i8 Roadster, the latest plug-in-hybrid convertible sports car.
Webasto is one of the major players in the convertible roof system market. The company is expanding its convertible roof business by opening a new plant in Mexico. The Mexican plant is an important textile competence center for Webasto’s convertible business unit. Presently, the company is manufacturing the soft top for the VW Beetle and the aftermarket roof for the Jeep ThrowBack, as well as all textile components for the North American market. 
The convertible roof system market is dominated by Sedan, followed by Hatchback. However, currently, the convertible roof system in the SUVs is garnering interest among people. For instance, Land Rover expects the convertible to hold approximately 15% of Evoque's global volume, which is nearly 20,000 units. The convertible may be sold in 170 countries. Land Rover expects the United Kingdom, Germany, and the United States to be the best markets for the car.

Convertible Roof System Market Key Trends

Geographical Analysis of the Convertible Roof System Market

The convertible market is expected to grow over the forecast period. This system is majorly used in luxury vehicles, and the demand for luxury vehicles is high in countries like the United States, Canada, France, the United Kingdom, Germany, Spain, and some countries in the Middle East and Asia-Pacific. The United States is one of the largest automotive markets in the world and is home to over 13 major auto manufacturers.

  • With an average of 8 million passenger vehicle production units per annum and growing consumer popularity of luxury and premium cars, prospects for the convertible roof industry in the country are high. The convertible roof system industry is highly dependent on the sales of luxury and premium cars, which are, in turn, dependent on the per capita income levels. 

Additionally, China and Germany are the major hubs for technological advancement in automotive, leading to a significant expansion of the luxury vehicles market. 

Currently, Europe accounted for the most significant share in the convertible roof system market, by value and volume. The Asia-Pacific region is projected to register a high CAGR, during the forecast period. Emerging economies, such as China and India, are expected to play significant roles in increasing vehicle production. Also, the increasing installation of convertible roof systems in vehicles, such as sedans/hatchbacks and SUVs, is driving the market in the Asia-Pacific region. 

Convertible Roof System Market Growth Rate

Competitive Landscape

The convertible roof system market is majorly dominated by Webasto, Magna International, Valmet Automotive, Aisin Seiki, and Continental AG, among others. The companies are expanding their businesses by launching new products and by acquiring new businesses. For instance:

  • Webasto is now focusing on movable roof systems for the marine market segment. Innovation and technological leadership, increase in the product portfolio, and usage of new materials have been at the forefront of the company’s business strategies.  
  • Webasto invested USD 8.96 million in establishing a new plant at Baoding, China, to increase its sunroof production capacity and cater to the market demand for sunroofs, especially panorama roofs more efficiently.


Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Roof System Components Type

      1. 5.1.1 Roof Material

        1. Polyvinyl Chloride (PVC)

        2. Carbon Fiber

        3. Other Roof Materials

      2. 5.1.2 Roof Drive System (Motors)

      3. 5.1.3 Other Roof System Component Types (Supporting Frames, etc.)

    2. 5.2 Roof Top Type

      1. 5.2.1 Hard Top

      2. 5.2.2 Soft Top

    3. 5.3 Vehicle Type

      1. 5.3.1 Hatchback

      2. 5.3.2 SUV

      3. 5.3.3 Sedan

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Spain

        5. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. Australia

        4. Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. South America

        2. Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Webasto Group

      2. 6.2.2 Magna International

      3. 6.2.3 Valmet Corp

      4. 6.2.4 Haartz Corporation

      5. 6.2.5 Continental AG

      6. 6.2.6 Hoerbiger Holding

      7. 6.2.7 U-Shin Ltd

      8. 6.2.8 GAHH LLC

      9. 6.2.9 Aisin Seiki


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Frequently Asked Questions

The Convertible Roof System Market market is studied from 2018 - 2026.

The Convertible Roof System Market is growing at a CAGR of >7.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Webasto Group, Magna International Inc., THE HAARTZ CORPORATION, Continental AG, U-Shin Ltd are the major companies operating in Convertible Roof System Market.

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