Car Rack Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Car Rack Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global car rack market grew at a CAGR of around 6% during 2014-2019. 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.

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. Looking forward, IMARC Group expects the global car rack market to continue its moderate growth during the next five years.

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, regional and country level from 2020-2025. Our report has categorized the market based on region, 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.)

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?