October, 2024
The convertible roof system market is expanding due to technological advancements in glass, increasing demand for safety and comfort along with convenient features, and demand for highly aesthetic vehicle surfaces. In 2023, China's luxury market sales witnessed a 12% increase from the previous year, while in India, the sales volume of luxury cars increased to 42.7 thousand units. The luxury automaker delivered 14,172 vehicles across India in 2023. Of these, around 13,303 units were sold under the BMW brand, and 869 units were MINI.
The market is anticipated to gain further momentum due to the rise in demand for luxury automobiles. Moreover, innovations in material technology and increasing consumer desire for convertible roof systems in evolving countries are driving the global market.
Many consumers, influenced by the advancement in sensor technology and evolving innovations in material science, opt for convertible roof system cars. By the type of vehicle, the SUV is the most demanding luxury vehicle featuring a convertible roof system owing to its performance, power backup, functionality, safety, and stylish exterior features. Region wise, Europe dominated the global market due to the presence of emerging countries like Germany, which is a hub for technical innovations.
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