Car Rack Market 2021-2024: Growth Drivers, Business Statistics, Top Region with Share, and Revenue Analysis

Car Rack

The “Car Rack Market” Report provides a thorough examination of the market. The Car Rack Market research investigates how firms in the Car Rack Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Car Rack market report.

Request a Sample Copy of the Report @ https://www.industryresearch.co/enquiry/request-sample/14352857

Competitor Analysis:

Car Rack market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Thule Group
  • Yakima Products Inc.
  • Allen Sports
  • Rhino Rack USA LLC
  • Cruzber SA
  • ACPS Automotive
  • Malone Auto Racks
  • Kuat Car Racks
  • Car Mate Mfg. Co. Ltd.
  • Saris

    Market Overview:

  • The global car rack market was valued at USD 1,322.05 million in 2018 and is expected to project a CAGR of 6.90%, during the forecast period, 2019-2024.
  • – Some of the major factors driving the growth of the market are demand for extra luggage space and increasing enthusiasm for recreational activities and tourism. However, quality (formation of rust and corrosion in low-quality racks) and pricing issues (factors affecting the price, like cost of the product, such as construction material/raw material, style of roof rack, and brand) may hinder the growth of the market..
  • – The North American region is expected to dominate the car rack market. The growing demand for vehicles by the tourism sector, increasing demand for recreational vehicles, and a large number of young people moving out to different cities in the United States for studies and work are some of the factors driving the demand for roof rack, roof box, and bike car racks.
  • – Some of the major players dominating the market are Thule Group, Yakima Products, Allen Sports, Rhino Rack, Car Mate Mfg Co. Ltd, Saris, and Cruzber SA.

    Key Market Trends:

    Roof Box – Second Fastest Growing Segment

    The roof box segment was valued at USD 264.41 million in 2018 and is expected to witness a growth rate of 7.22%, during the forecast period, 2019-2024.

    Roof boxes are built and designed with a variety of materials, features, and sizes.

    In September 2018, Thule Group officially unveiled Thule Vector and Thule Force XT cargo boxes at Automechanika. A roof box is ideal for families on vacation, as it can carry luggage, outdoor gear, and bulky loads. The company also offers the Thule Motion XT, which comes in four sizes, ranging from 300 to up to 610 liters. It has smart features, like SlideLock system with separate locking and opening functions, and is easy to mount, due to the pre-installed PowerClick quick-mount system.

    Some people prefer roof top cargo luggage travel bag instead of boxes, due to its soft covers that allow travelers to carry objects, which may be oddly shaped and not fit under the hardcover cargo carriers. Due to the use of vinyl materials, these bags are waterproof and can be folded flat when not in use, for simpler storage. However, these bags are not ideal for sharp or delicate objects.

    The price of roof cargo bags varies from USD 50 to USD 200, whereas the roof boxes cost more than USD 300, depending on the dimension and load carrying capacity.

    Thule Group, Yakima, Inno Advanced Car Racks (CAR MATE MFG CO. LTD), and Malone Auto Racks offer roof boxes, globally. Inno offers cargo boxes in four series, namely, Phantom Series, Wedge Series, Shadow Series, and Ridge Series.

    North America – Dominated the Market

    In 2018, the global car rack market was dominated by North America. The region accounted for 48.09% of the global market. The North American region was dominated by the US.

    Some of the major factors driving the growth of the US market are growing demand for vehicles by the tourism sector (car rental and taxi services), increasing demand for recreational vehicles (rise in demand for recreational travels among the consumers), and a large number of young people moving out to different cities in the United States for studies and work.

    According to the US Travel Association, the number of domestic leisure trips accounted for 1,821.2 million in 2018 and is expected to reach over 1,900 million by 2022. Nowadays, people in the country are opting for road trips and water sport activities during their vacations and holidays, which in turn is driving the demand for the roof rack, roof box, bike car rack, and watersport carrier in the country.

    – In the United States, cycling has increased over the past three years. According to SFIA, about 8.7 million people participated in mountain/non-paved surface cycling compared to 8.04 million people in 2014.
    – Additionally, the number of participants in recreational kayaking in the country increased from about 7.3 million in 2011 to over 11 million by the end of 2018, as per SFIA.
    – According to the National Ski Areas Association, the number of skier/snowboard visits in the country increased from 51 million in 2012 to reach over 53 million in 2018.

    Allen Sports, Rhino Racks, Thule, Yakima, Saris, and Kuat are prominent players that offer different car racks in the country.

    For More Information or Query or Customization Before Buying, Visit at – https://www.industryresearch.co/enquiry/pre-order-enquiry/14352857

    Scope of the Report:

    Car racks are the combination of bars that are attached to the roof or back of the car for carrying luggage, bicycles, etc. They allow the user to use the interior space to its full by transporting the objects to the rooftop. The car racks are used to increase the luggage-carrying capacity of the given vehicle.

    The global car rack market has been segmented by application and geography.

    Highlighted points of Car Rack Market Report:

    • Varying dynamics of the Car Rack industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Car Rack market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Car Rack market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Car Rack Market report:

    • The Car Rack market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Car Rack market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Car Rack market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

    Purchase this Report (Price 4250 USD for a Single-User License) – https://www.industryresearch.co/purchase/14352857

    Detailed TOC of Car Rack Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Application Type
    5.1.1 Roof Rack
    5.1.2 Roof Box
    5.1.3 Bike Car Rack
    5.1.4 Ski Rack
    5.1.5 Watersport Carrier
    5.2 Geography
    5.2.1 North America
    5.2.1.1 United States
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.1.4 Rest of North America
    5.2.2 Europe
    5.2.2.1 Germany
    5.2.2.2 United Kingdom
    5.2.2.3 France
    5.2.2.4 Italy
    5.2.2.5 Rest of Europe
    5.2.3 Asia Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Rest of Asia-Pacific
    5.2.4 Rest of the World
    5.2.4.1 Brazil
    5.2.4.2 South Africa
    5.2.4.3 Other Countries

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Company Profiles
    6.2.1 Thule Group
    6.2.2 Yakima Products Inc.
    6.2.3 Allen Sports
    6.2.4 Rhino Rack USA LLC
    6.2.5 Cruzber SA
    6.2.6 ACPS Automotive
    6.2.7 Malone Auto Racks
    6.2.8 Kuat Car Racks
    6.2.9 Car Mate Mfg. Co. Ltd.
    6.2.10 Saris

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

    Name: Ajay More

    Phone: +44 20 3239 8187 / +14242530807

    Email: [email protected]

    Our Other Reports:-

    Proctologic Table Market Share 2022 Growth Segmentation by Top Regions, Demand Status, Upcoming Trends, Global Industry Size and Revenue Estimations Forecast to 2027

    Wireless Nurse Call System Market Share 2022 Top Industry Trend, Business Size and Growth Factors, Segmentation by Key Regions and Future Scope Forecast till 2027 with Covid-19 Impact on Industry

    SDH Boot Device Market Share 2022 Comprehensive Growth Research, Emerging Technologies, New Investment Plans, SWOT Analysis, CAGR Status and Industry Size Forecast to 2027

    Oligonucleotide-based Therapies Market Size 2022: Growth Trends Analysis, Recent Developments, Top Players Update, Opportunities and Sales Forecast to 2027

    Aerospace Tape Market Predictable Growth Investigation with Revenue, Future Trends and Technology, Top Coverage of Key Companies with Size and Share Forecast by 2022-2026

    Liquid Flexible Packaging Market Growth Rate by Share 2022-2026 | Revenue Forecast by Product Type, Applications and Regions and COVID-19 impact on Global Industry Size

    Interactive Fitness Market Share Insights 2022- Major Players Analysis with Key Trends, Market Dynamics, Growth Size, Latest Developments in Industry and Future Scope by 2025

    Heat Interface Unit Market Research Report Forecast to 2022-2027 | Global Analysis by Competitive Landscape, Types, Applications, Industry Segmentation with Growth Insights

    Dairy Alternatives Market Size- Future Growth Plans 2022: Share with Top Key Indicators, Leading Players with Revenue, Development Status and Supply-Demand Forecast to 2025

    Digital Cleaning Machines Market 2022 Share, Segment and Growth Technologies by Company Profiles, Future Scope with Regions, Trends Insights, Global Industry Forecast till 2026

    Drug Closed System Transmission Market Size Analysis Report 2022: Upcoming Trends, Global Company Profiles, Industry Share by Demand Status, Regional Segmentation and Growth Forecast to 2027

    WTE(Waste-to-Energy) Market 2021 |Global Business Growth Rate with Revenue, Future Trends Analysis, Manufacturing Size, Share, Cost Structure, and Regional Forecast to 2025

    Perfluoroelastomer (FFKM) Market Manufacturers – Regional Growth Trends | Opportunities and Challenges | Revenue with Size and Share Forecast 2022-2026

    Weighing Indicators Market Key Factors, Economic Impact of Global Key Players, Industry Overview by Future Trends, Latest Scope, Business Advancement, and Forecast to 2022-2027

    Blood Gas Analyzer Market 2022-2029: Global Industry Analysis by Future Demand, Size, Share, Leading Players Update, Opportunities, Revenue and Growth Forecast

    Functional Enzyme Blends Market Share Analysis by Overall Segmentation, Business Size, Statistics, Global Growth Rate, Revenue, Strategies of Key Players Forecast to 2022-2027

    Fruit Concentrate Puree Market Share and Size | COVID-19 Impact Analysis on Global Industry Growth Rate, Regional Overview and Future Scope by Trends, Key Insights Forecast to 2025

    Plastic Pails Market Growth Insights, CAGR Status 2022-2025: Global Industry Share, Demand by Top Companies, Business Strategies and Industry Size Analysis

    Pilates Equipment Market Share and Size | COVID-19 Impact Analysis on Global Industry Growth Rate, Regional Overview and Future Scope by Trends, Key Insights Forecast to 2025

    2-Ethylhexyl Acrylate Market 2022-2029: Global Industry Analysis by Future Demand, Size, Share, Leading Players Update, Opportunities, Revenue and Growth Forecast

    Portable Water Pump Market 2022-2027 with CAGR Analysis by Growth Strategies of Key Players, Covid-19 Impact on Industry Size, Revenue Estimations, Opportunities, and Regional Forecast

    Enterprise Data Storage Systems Market Size and Growth Forecast 2022 to 2027 | Future Trends, Historical Analysis, Business Statistics and Regional Revenue of Manufacturers with Share Analysis

    Egg-free Mayonnaise Market – Global Growth Status| 2022 Key Strategies, Latest Trends | Industry Overview by Share and Size, Regions Forecast by 2026

    Hemophilia Gene Therapy Market Share, Industry Revenue, Future Scope and Business Analysis by Global Industry Trends, Size, Demand and Growth Opportunities Forecast 2022- 2029

    Global Flomoxef Sodium Market Size Report 2022: CAGR Status, Dynamics and Developments, Industry Research Report by Top Manufactures, Types, Applications Forecast to 2029

    High Security Mobility Management Market Size of Major Key Players 2022 Global Industry Share | Growth Projections, Share, Demand, Key Findings, Regional Analysis, Future Prospects and Forecasts to 2029

    PBT Monofilament Market Analysis 2022: Driving Forces, Emerging Trends, New Technologies, Top Countries Data, Global Size and Share with Growth Challenges, Demand Scenario Forecast to 2027

    Retinal Drugs and Biologics Market Size and Share Outlook 2022 to 2027 | Key Developments Trends, Growth Factors, Business Status and Regional Analysis

    Moissanite Market Share, Trends and Size Analysis by Top Players 2022 Opportunities and Challenges, Demand and Growth Status Forecast 2025

    Wireless Keyboards Market Share, Global Size 2021 – Development Analysis, Growth Factors, Supply, Demand, Consumption Status, Regional Data with Top Countries Forecast to 2025

  • Leave a comment

    Your email address will not be published. Required fields are marked *