Transparency Market Research
Car automakers operating in the automotive industry are focusing on manufacturing vehicles with lightweight, exotic, high-tech material, and energy efficient with the usage of advanced carbon fiber material. Carbon fiber has two wonderful properties that make it perfect in the automotive industry for manufacturing cars. Carbon fiber material is both light and strong. In fact, carbon fiber is stronger than steel, but lighter than aluminum. In a driveshaft application, carbon fiber can be as much as four times stronger than steel, and it manages this while being 40% lighter than aluminum. Hence, it should be obvious why carbon fiber is increasingly being used in cars to reduce weight. A carbon roof top reflects the sun’s rays and avoided to head the top of the car.
The driving factor for automotive carbon roof market is the rise in demand for premium cars. A carbon roof is lighter than the steel or aluminum body car roof. Reduced weight is likely to enhance performance, as the engine is likely to have less weight to carry and it provide better fuel efficiency. The price for carbon fiber material is very high, which is anticipated to hamper the market.
The automotive carbon roof market can be segmented based on type, thickness, vehicle, sales channel, and region. In terms of type, the automotive carbon roof market can be classified into glossy black and one more segment. The glossy black segment is anticipated to expand during the forecast period due to the rise in demand for premium vehicles with a modern appearance. Several sports and premium cars have design where the roof of the car is attaches the front windscreen via the identical lines. By using the carbon wrapping the roof of the car is glossy black, the glassy appearance of the car continues from the leading edge of the windscreen right through to the rear edge of the roof, creating a large, panoramic roof look.
This in turn is expected to propel the automotive carbon roof market. Based on vehicle, the automotive carbon roof market can be split into passenger vehicle and commercial vehicle. The passenger vehicle segment is estimated to expand in the near future. The passenger vehicle segment can be further sub-segmented into premium-end vehicle, and two more sub-segments. The automotive carbon roof is used in premium vehicles to enhance their appearance and also help minimize vehicle emission, which in turn is projected to boost the premium-end vehicle segment during the forecast period. In terms of sales channel, the automotive carbon roof market can be divided into OEM and aftermarket. The demand for automotive carbon roof market in the aftermarket segment is likely to increase significantly in the near future.
Based on geography, the automotive carbon roof market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of revenue, North America accounts for a significant share of the global automotive carbon roof market. High rate adoption of carbon fiber in the region can be ascribed to the rise in demand for modern premium cars and increase in demand for sports vehicle in this region. The market in Europe is expanding significantly due to the rise in strong racing car culture.
Key players operating in the global automotive carbon roof market include Automobili Lamborghini S.p.A., Toyota Motor Corporation, Suzuki Motor Corporation, Thai Rung, Ferrari N.V., and Porsche.
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