Convertible Vehicles: Introduction A convertible vehicle is a passenger vehicle that has a retractable roof. It can be driven with or without the roof and it houses a folding mechanism for retracting the roof cloth. Key Drivers and Restraints of Global Convertible Vehicles Market Rise in the demand of luxury and ultra-luxury vehicles boosts the global convertible vehicles market . Revival of economy and rise in the consumer purchase parity have significantly improved sales of luxury vehicles over the last few years. This factor is anticipated to drive the global convertible vehicles market during the forecast period. Growth of the automotive industry in Asia Pacific and Latin America and rising demand for luxury vehicles among youngsters are estimated to boost the convertible vehicles market in these regions during the forecast period Earlier, convertibles and luxury vehicles were manufactured primarily in Europe and North America. The onset of domestic production and lo...