Car Rack Market: By Type (Bike Car Rack, Roof Rack, Ski Rack, Roof Box, Water Sports Carrier and Others); By End Use (Passenger Vehicle and Commercial Vehicle), And Region – Global Analysis of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031
Car Rack Market: By Type (Bike Car Rack, Roof Rack, Ski Rack, Roof Box, Water Sports Carrier and Others); By End Use (Passenger Vehicle and Commercial Vehicle), And Region – Global Analysis of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031
PRODUCT OVERVIEW
Car rack is a rack that is installed on the roof of a vehicle to carry luggage, bicycles, and other carriers. The car rack enables the user to transport luggage while preserving interior space for occupants. Towers, fitting pieces, crossbars, and gear mounts are the components of a car rack. Furthermore, car racks come in a variety of sizes and materials depending on their intended use, the strength of the luggage, and the type of vehicle. Racks are commonly made of lightweight materials such as aluminium alloy, composite plastic, and steel. Luggage or items are placed on the rack to maximise passenger space and comfort while travelling. Furthermore, car racks do not jeopardies the safety of passengers.
MARKET HIGHLIGHTS
Global Car Rack Market is expected to project a notable CAGR of 6.4% in 2031.
Global Car Rack Market is expected to surpass USD 7.16 billion by 2031 from USD 4.13 billion in 2021 at a CAGR of 6.4% in the coming years, i.e., 2021-31. The car rack market is expected to expand during the forecast period, owing to factors such as increasing product innovations and consumer interest in adventure and recreation sports. Another important factor driving the growth of the car rack market is the demand for extra luggage space. The expansion of the tourism industry and increased migration activities are expected to provide lucrative opportunities for car rack market participants during the forecast period.
GLOBAL CAR RACK MARKET: SEGMENTS
Roof box segment to grow with the highest CAGR during 2021-31
Based on type, global Car Rack Market is fragmented into Bike car rack, Roof rack, Ski rack, Roof box, Water sports carrier and Others. During the forecasted period, roofbox held the largest market share. Roof boxes are used to make more interior space in a vehicle. Roof boxes are large boxes that are attached to the top of a car. Furthermore, the roof box protects the luggage carried. The primary benefit of a roof rack is its ease of attachment and removal.
Commercial vehicle segment to grow with the highest CAGR during 2021-31
Global Car Rack Market is classified on the basis of End use into passenger vehicle and commercial vehicle. In the forecasted period, commercial vehicle is the largest distribution channel in the Car Rack market. The widespread use of ski and watersport carriers for outdoor and recreational activities is also fueling market expansion. With a growing young population and a growing interest in adventure sports, there is a growing demand for long-lasting and aesthetically pleasing car racks for extra luggage space.
MARKET DYNAMICS
Drivers
Increasing automotive industry and use of ski and watersport carriers
Increase in population growth and rise in compact SUVs
Restraint
Issues in quality
GLOBAL CAR RACK MARKET:
Key Players
Car Rack Market Segments:
PRODUCT OVERVIEW
Car rack is a rack that is installed on the roof of a vehicle to carry luggage, bicycles, and other carriers. The car rack enables the user to transport luggage while preserving interior space for occupants. Towers, fitting pieces, crossbars, and gear mounts are the components of a car rack. Furthermore, car racks come in a variety of sizes and materials depending on their intended use, the strength of the luggage, and the type of vehicle. Racks are commonly made of lightweight materials such as aluminium alloy, composite plastic, and steel. Luggage or items are placed on the rack to maximise passenger space and comfort while travelling. Furthermore, car racks do not jeopardies the safety of passengers.
MARKET HIGHLIGHTS
Global Car Rack Market is expected to project a notable CAGR of 6.4% in 2031.
Global Car Rack Market is expected to surpass USD 7.16 billion by 2031 from USD 4.13 billion in 2021 at a CAGR of 6.4% in the coming years, i.e., 2021-31. The car rack market is expected to expand during the forecast period, owing to factors such as increasing product innovations and consumer interest in adventure and recreation sports. Another important factor driving the growth of the car rack market is the demand for extra luggage space. The expansion of the tourism industry and increased migration activities are expected to provide lucrative opportunities for car rack market participants during the forecast period.
GLOBAL CAR RACK MARKET: SEGMENTS
Roof box segment to grow with the highest CAGR during 2021-31
Based on type, global Car Rack Market is fragmented into Bike car rack, Roof rack, Ski rack, Roof box, Water sports carrier and Others. During the forecasted period, roofbox held the largest market share. Roof boxes are used to make more interior space in a vehicle. Roof boxes are large boxes that are attached to the top of a car. Furthermore, the roof box protects the luggage carried. The primary benefit of a roof rack is its ease of attachment and removal.
Commercial vehicle segment to grow with the highest CAGR during 2021-31
Global Car Rack Market is classified on the basis of End use into passenger vehicle and commercial vehicle. In the forecasted period, commercial vehicle is the largest distribution channel in the Car Rack market. The widespread use of ski and watersport carriers for outdoor and recreational activities is also fueling market expansion. With a growing young population and a growing interest in adventure sports, there is a growing demand for long-lasting and aesthetically pleasing car racks for extra luggage space.
MARKET DYNAMICS
Drivers
Increasing automotive industry and use of ski and watersport carriers
Increase in population growth and rise in compact SUVs
Restraint
Issues in quality
GLOBAL CAR RACK MARKET:
Key Players
- Saris
- Thule Group
- Yakima Products Inc.
- Allen Sports
- Cruzber SA
- ACPS Automotive
- Malone Auto Racks
- Kuat Car Racks
- Car Mate Mfg. Co. Ltd
- Rhino RackUSA LLC
- Other Prominent Players
Car Rack Market Segments:
- By Type
- Bike car rack
- Roof rack
- Ski rack
- Roof box
- Water sports carrier
- Others
- By End use
- Passenger vehicle
- Commercial vehicle
- Car Rack Market Dynamics
- Car Rack Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2.Business Trends
1.3. Car Rack Market: COVID-19 Outbreak
1.4.Regional Trends
1.5.Segmentation Snapshot
2.RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3.MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Car Rack Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4.CAR RACK MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5.MACROECONOMIC INDICATORS
6.RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9.MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10.CAR RACK MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1.Market Size, Y-o-Y Growth (%) and Market Forecast
11.CAR RACK MARKET SIZE & FORECAST 2021A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Type
11.3.1.1. Bike Car Rack
11.3.1.1.1.By Value (USD Million) 2021-2031F
11.3.1.1.2.Market Share (%) 2021-2031F
11.3.1.1.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.2.Roof Rack
11.3.1.2.1.By Value (USD Million) 2021-2031F
11.3.1.2.2.Market Share (%) 2021-2031F
11.3.1.2.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.3.Ski Rack
11.3.1.3.1.By Value (USD Million) 2021-2031F
11.3.1.3.2.Market Share (%) 2021-2031F
11.3.1.3.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.4.Roof Box
11.3.1.4.1.By Value (USD Million) 2021-2031F
11.3.1.4.2.Market Share (%) 2021-2031F
11.3.1.4.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.5.Water Sports Carrier
11.3.1.5.1.By Value (USD Million) 2021-2031F
11.3.1.5.2.Market Share (%) 2021-2031F
11.3.1.5.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.6.Others
11.3.1.6.1.By Value (USD Million) 2021-2031F
11.3.1.6.2.Market Share (%) 2021-2031F
11.3.1.6.3.Y-o-Y Growth (%) 2021-2031F
11.3.2.By End Use
11.3.2.1.Passenger Vehicle
11.3.2.1.1.By Value (USD Million) 2021-2031F
11.3.2.1.2.Market Share (%) 2021-2031F
11.3.2.1.3.Y-o-Y Growth (%) 2021-2031F
11.3.2.2.Commercial Vehicle
11.3.2.2.1.By Value (USD Million) 2021-2031F
11.3.2.2.2.Market Share (%) 2021-2031F
11.3.2.2.3.Y-o-Y Growth (%) 2021-2031F
12.NORTH AMERICA CAR RACK MARKET SIZE & FORECAST 2021A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2.By End Use
12.4. Country
12.4.1.United States
12.4.2.Canada
13.EUROPE CAR RACK MARKET SIZE & FORECAST 2021A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2.By End Use
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4.Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA CAR RACK MARKET SIZE & FORECAST 2021A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1.By Type
14.3.2.By End Use
14.4. By Country
14.4.1.India
14.4.2.China
14.4.3.South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA CAR RACK MARKET SIZE & FORECAST 2021A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2.By End Use
15.4. Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4.South Africa
15.4.5.Rest of Middle East and Africa
16.LATIN AMERICA CAR RACK MARKET SIZE & FORECAST 2021A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2.By End Use
16.4. Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17.COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18.COMPANY PROFILES
18.1. Saris
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1 Product Portfolio
18.1.4.2 Key Clients
18.1.4.3 Market Share
18.1.4.4 Recent News & Development (Last 3 Yrs.)
18.1.4.5 Executive Team
18.2. Thule Group
18.3. Yakima Products Inc.
18.4. Allen Sports
18.5. Cruzber SA
18.6. ACPS Automotive
18.7. Malone Auto Racks
18.8. Kuat Car Racks
18.9. Car Mate Mfg. Co. Ltd
18.10. Rhino RackUSA LLC
18.11. Other Prominent Players
19.APPENDIX
20.CONSULTANT RECOMMENDATIO
1.1.Regional Market Share
1.2.Business Trends
1.3. Car Rack Market: COVID-19 Outbreak
1.4.Regional Trends
1.5.Segmentation Snapshot
2.RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3.MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Car Rack Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4.CAR RACK MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5.MACROECONOMIC INDICATORS
6.RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9.MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10.CAR RACK MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1.Market Size, Y-o-Y Growth (%) and Market Forecast
11.CAR RACK MARKET SIZE & FORECAST 2021A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Type
11.3.1.1. Bike Car Rack
11.3.1.1.1.By Value (USD Million) 2021-2031F
11.3.1.1.2.Market Share (%) 2021-2031F
11.3.1.1.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.2.Roof Rack
11.3.1.2.1.By Value (USD Million) 2021-2031F
11.3.1.2.2.Market Share (%) 2021-2031F
11.3.1.2.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.3.Ski Rack
11.3.1.3.1.By Value (USD Million) 2021-2031F
11.3.1.3.2.Market Share (%) 2021-2031F
11.3.1.3.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.4.Roof Box
11.3.1.4.1.By Value (USD Million) 2021-2031F
11.3.1.4.2.Market Share (%) 2021-2031F
11.3.1.4.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.5.Water Sports Carrier
11.3.1.5.1.By Value (USD Million) 2021-2031F
11.3.1.5.2.Market Share (%) 2021-2031F
11.3.1.5.3.Y-o-Y Growth (%) 2021-2031F
11.3.1.6.Others
11.3.1.6.1.By Value (USD Million) 2021-2031F
11.3.1.6.2.Market Share (%) 2021-2031F
11.3.1.6.3.Y-o-Y Growth (%) 2021-2031F
11.3.2.By End Use
11.3.2.1.Passenger Vehicle
11.3.2.1.1.By Value (USD Million) 2021-2031F
11.3.2.1.2.Market Share (%) 2021-2031F
11.3.2.1.3.Y-o-Y Growth (%) 2021-2031F
11.3.2.2.Commercial Vehicle
11.3.2.2.1.By Value (USD Million) 2021-2031F
11.3.2.2.2.Market Share (%) 2021-2031F
11.3.2.2.3.Y-o-Y Growth (%) 2021-2031F
12.NORTH AMERICA CAR RACK MARKET SIZE & FORECAST 2021A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2.By End Use
12.4. Country
12.4.1.United States
12.4.2.Canada
13.EUROPE CAR RACK MARKET SIZE & FORECAST 2021A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2.By End Use
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4.Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA CAR RACK MARKET SIZE & FORECAST 2021A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1.By Type
14.3.2.By End Use
14.4. By Country
14.4.1.India
14.4.2.China
14.4.3.South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA CAR RACK MARKET SIZE & FORECAST 2021A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2.By End Use
15.4. Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4.South Africa
15.4.5.Rest of Middle East and Africa
16.LATIN AMERICA CAR RACK MARKET SIZE & FORECAST 2021A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2.By End Use
16.4. Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17.COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18.COMPANY PROFILES
18.1. Saris
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1 Product Portfolio
18.1.4.2 Key Clients
18.1.4.3 Market Share
18.1.4.4 Recent News & Development (Last 3 Yrs.)
18.1.4.5 Executive Team
18.2. Thule Group
18.3. Yakima Products Inc.
18.4. Allen Sports
18.5. Cruzber SA
18.6. ACPS Automotive
18.7. Malone Auto Racks
18.8. Kuat Car Racks
18.9. Car Mate Mfg. Co. Ltd
18.10. Rhino RackUSA LLC
18.11. Other Prominent Players
19.APPENDIX
20.CONSULTANT RECOMMENDATIO
