Convertible Roof System Market Size

Statistics for the 2023 & 2024 Convertible Roof System market size, created by Mordor Intelligence™ Industry Reports. Convertible Roof System size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Convertible Roof System Industry

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Convertible Roof System Market Size
Study Period 2019 - 2029
Market Size (2024) USD 1.49 Billion
Market Size (2029) USD 1.78 Billion
CAGR (2024 - 2029) 3.61 %
Fastest Growing Market Asia-Pacific
Largest Market Europe

Major Players

Convertible Roof System Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Convertible Roof System Market Analysis

The Convertible Roof System Market size is estimated at USD 1.49 billion in 2024, and is expected to reach USD 1.78 billion by 2029, growing at a CAGR of 3.61% during the forecast period (2024-2029).

The impact of the COVID-19 pandemic on the automotive sector was inevitable with the shut down of automotive manufacturing units due to the pandemic-resultant lockdowns. However, the market is expected to regain its momentum owing to the rise in demand for luxury automobiles. The market's developments will be further aided by the rising penetration of SUVs in emerging markets.

Technological advancements in glass, increased demand for comfort, safety, and convenience features, and increased desire for the high aesthetic appeal of the surface in vehicles is being witnessed across the world. Furthermore, innovations in material technology and growing customer desire for convertible roof systems in emerging countries are driving the global convertible roof system market.

Convertible Roof System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)