Market Overview:

The global car rack market is expected to exhibit a CAGR of 5.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A car rack refers to an automotive stand or carrier fitted over the roof of the vehicle to increase luggage capacity. It consists of a mount and multiple rails and pillars for supporting the rack frame and evenly distributing the weight of the luggage to prevent any damage to the roof. The racks are commonly manufactured using lightweight materials, such as aluminum alloy, composite plastic and steel. Luggage or goods are placed on the rack to provide maximum space to the passengers and enhanced comfort while traveling. Traditionally, they were mounted permanently on the roofs of the vehicle; however, the modern variants can be attached and detached using hooks and joints for enhanced flexibility, minimal maintenance and convenience.

Car Rack Market Trends:

The growing automotive industry represents one of the key factors creating a positive outlook for the market. Furthermore, the widespread adoption of ski and watersport carriers for outdoor and recreational activities are also driving the market growth. With the rising young population and growing preference for adventure sports, there is an increasing preference for durable and aesthetically appealing car racks for additional luggage space. This, along with various product innovations, such as the development of fiberglass car racks that offer enhanced durability, is contributing to the market growth. In comparison to bias-ply and steel-reinforced racks, fiberglass versions provide greater resistance to damage, minimal reinforcement costs and overall improved performance over long-distance driving. Other factors, including rising investments in the tourism sector, along with rapid urbanization and increasing expenditure capacities of the masses, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global car rack market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type, material and end use.

Breakup by Type:

• Roof Rack
• Roof Box
• Bike Car Rack
• Ski Rack
• Watersport Carrier
• Others
   

Breakup by Material:

• Aluminium Alloy
• Composite Plastic
• Stainless Steel
• Others
   

Breakup by End Use:

• OEM
• Aftermarket
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ACPS Automotive GmbH, Atera GmbH, Bosal Nederland B.V., Cruzber SA, KAMEI GmbH & Co. KG, Magna International Inc., Mont Blanc Group AB (Brenderup Group AB), Thule Group AB, VDL Hapro B.V. and Yakima Products Inc. (Kemflo International Co. Ltd.)

Report Coverage:

Key Questions Answered in This Report:

• How has the global car rack market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global car rack market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the material?
• What is the breakup of the market based on the end use?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global car rack market and who are the key players?
• What is the degree of competition in the industry?