In 2032, the market for convertible roof control units will likely be worth US$ 697.1 million, and in 2022, US$ 238.5 million. During the evaluation period, rising customer desire for convertible roof systems in developing nations is anticipated to grow the global market.
According to FMI, the global market for convertible roof control units is anticipated to expand significantly during the forecast period at a CAGR of 10.4%. (2022-2032). The need for convertible roof control units is expected to increase in the next years due to reasons including expanding material technology and rising premium car demand worldwide.
Convertible roof control unit regulate the roof closing and opening process using a wide variety of sensors, provide technical solution for modern high class vehicles. Moreover, Convertible roof control unit control the hydraulic components and electric motors for the side flaps, belt hand-over, lift gate, power window motors, wind deflector and wind blocker. A convertible roof control unit is mostly used in semi-luxury and luxury vehicles with convertible roof system operate with or without roof in place. In recent years, consumer prefer the sporty and classic design vehicle with technically advanced feature such as convertible roof system which provide greater visibility while travelling. Convertible roof control unit is also known as sliding roof module and sliding roof drive unit.
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Convertible Roof Control Unit Market: Drivers and Challenges
In the modern era, automotive end users are inclining towards technologically advanced and customizable vehicles.
Technologically advanced convertible vehicles can easily transform back into a coupe or sedan with the push of a button. This convertible Roof is making the vehicle experience versatile. Swelling consumption of the convertible vehicle is estimated to drive the demand for the convertible roof control unit.
Increasing young consumer base of automotive will likely to be a prominent factor for the utilization of the convertible vehicle. Market attractiveness by young consumers for the convertible vehicle is projected to create a requirement for the convertible roof control unit. However, Automakers witness the cost pressure from the OEM’s as it affects the marginal cost of the vehicle. Convertible roof control unit possesses high price which directly affects the total cost of the vehicle. The high price of the convertible roof control unit is anticipated to hamper the convertible roof control unit consumption directly.
Additionally, Convertible Roof Control Unit will likely to experience a high maintenance cost. Costly maintenance cycle is expected to affect the convertible roof control unit market negatively. The convertible roof control unit is only installed in the premium and luxury car segment. Limitations in the system installation are expected to hinder the growth of the convertible roof control unit market. Now a days, Automakers witnesses increasing penetration of convertible roof systems in SUVs vehicle segment which is parallelly drives the convertible roof control unit along with control roof system.
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Convertible Roof Control Unit Market: Regional Outlook
Convertible roof control units are majorly utilized in luxury vehicle segment. Demand for luxury vehicle segment is maximum North America and Europe. Countries such as the United States, France, Canada, Germany, the United Kingdom, Spain, and some countries from the Asia Pacific and Middle East demand for premium luxury cars. This luxury car consumption is expected to drive the convertible roof control unit market positively.
In East Asia and Europe is expected to witness increasing production of convertible roof control unit owing to technological advancement in automotive. Europe region is projected to account for holding the prominent market share due to end user technology adoption rate is maximum in the respective region. In near future, emerging economies, such as India and China, increasing installation of convertible roof systems in vehicles are estimated to witness maximum growth in convertible roof control unit market.
Convertible Roof Control Unit Market: Segments
The Convertible Roof Control Unit Market can be segmented on the basis of hood type, vehicle body type, sales channel, vehicle type, and region
By Hood Type:
- Soft Tops
- Hard Tops
By Vehicle Body Type:
- Semi-luxury Vehicle
- Luxury Vehicle
By Sales Channel:
- Original Equipment Manufacturers (OEMs)
- Aftermarket
By Vehicle Type:
- Passenger Car
- Compact
- Mid-size
- Luxury
- SUVs
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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List of some of the prominent market participants in the Convertible Roof Control Unit Market are as follows:
- Continental A G
- Hoerbiger
- Webasto Thermo & Comfort
- Robert Bosch GmbH
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