Industry Background:
Convertible tops are a kind of vehicle top that folds or retracts which are typically soft, but recently, some vehicles have been manufactured with hard tops that fold down and can be concealed. It is generally made from canvas or vinyl and fits over a steel, rigid plastic or aluminum frame. When convertible cars were first manufactured, they primarily were made with only two doors. The making of convertibles spiked between the 1950s and 1970s and used to be offered with only a plastic rear window. These days, tops are more durable, and a heated glass window has changed the plastic window in various convertible models. Nevertheless, quite a few convertibles still do come with the plastic rear window.This growth is primarily driven by Growing Adoption of Electric Vehicles and Innovations in Materials to Drive the Convertible Top System.
Globally, a noticeable market trend is evident Increasing Penetration of Convertible Top in SUVs. Major Vendors, such as American Specialty Cars (United States), Webasto Group (Germany), Magna International (Canada), Valmet Automotive (Finland), Aisin Seiki (Japan), Continental (Germany), Pininfarina (Italy), Standex International (United States), Hoerbiger (Switzerland) and Haartz (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Adoption of Electric Vehicles
- Innovations in Materials to Drive the Convertible Top System
Market Trend
- Increasing Penetration of Convertible Top in SUVs
Restraints
- Low Penetration of Convertible Top in Mid Segment Vehicles
Opportunities
Innovation in Automotive Technology
Challenges
High Maintenance Cost of Convertible Top
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Convertible Top Study Sheds Light on
The Convertible Top Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Convertible Top industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Convertible Top industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.