Car Rack Market is Growing at a CAGR of 6% During the Forecast Period (2021-2026)


Posted April 30, 2021 by imarcgroup1

According to the latest report by IMARC Group, The global car rack market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 6% during the forecast period (2021-2026).

 
A car rack is an automotive metal frame attached on top of a vehicle for carrying luggage and other bulky items. It consists of crossbars, towers, gear mounts, and fitting pieces that are evenly spaced to support the weight of the luggage. Car racks are manufactured using lightweight materials, such as steel, aluminum alloys, and composite plastic. Their utilization allows easy transportation of items, increases luggage capacity, and provides comfort to passengers without compromising the interior space. There are different types of car racks commercially available, which include bare roof, rain gutter, side rails, factory bars, and fixed point.

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Market Trends

The growth of the global car rack market is primarily being driven by the rising expenditure in the tourism and automotive industries across the globe. This, along with rapid urbanization and the increasing spending capacity of consumers, is further supporting the market growth. Additionally, the rising population and the increasing popularity of outdoor recreational activities are inflating the demand for extra luggage space in vehicles. Moreover, manufacturers are introducing fiberglass car racks integrated with new mounting technologies, which is accelerating the market growth.

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 with Key Player:

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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry 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.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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Contact Email [email protected]
Issued By IMARC Group
Business Address 30 N Gould St Ste R Sheridan, WY 82801 USA – Wyoming
Country United States
Categories Research
Tags car rack market , car rack market size
Last Updated April 30, 2021