Car Rack Market Report by Type (Roof Rack, Roof Box, Bike Car Rack, Ski Rack, Watersport Carrier, and Others), Material (Aluminium Alloy, Composite Plastic, Stainless Steel, and Others), End Use (OEM, Aftermarket), and Region 2024-2032
The global car rack market size reached US$ 1.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1.4 Billion
Market Forecast in 2032
US$ 2.1 Billion
Market Growth Rate 2024-2032
4.4%
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 at the global, regional and country level from 2024-2032. 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:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Type, Material, End Use, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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.)
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global car rack market was valued at US$ 1.4 Billion in 2023.
We expect the global car rack market to exhibit a CAGR of 4.4% during 2024-2032.
The increasing preference for durable and aesthetically appealing car racks for additional luggage space, along with the introduction of fiberglass car racks that offer enhanced durability, is primarily driving the global car rack market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous automobile manufacturing units, thereby negatively impacting the global market for car racks.
Based on the type, the global car rack market can be segmented into roof rack, roof box, bike car rack, ski rack, watersport carrier, and others. Currently, roof rack holds the majority of the total market share.
Based on the material, the global car rack market has been divided into aluminum alloy, composite plastic, stainless steel, and others. Among these, aluminum alloy currently exhibits a clear dominance in the market.
Based on the end use, the global car rack market can be bifurcated into OEM and aftermarket. Currently, aftermarket accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global car rack market include 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.).
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