Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Car Rack Market Size is Expected to Grow from USD 1.49 Billion in 2023 to USD 2.72 Billion by 2033, Growing at a CAGR of 6.20% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Car Rack Market Size, Share, and COVID-19 Impact Analysis, By Type (Rail Raised, Glutter, Roof Mount, Others), By Material Type (Aluminium alloy, Composite Plastics, Others), By Application (Roof Rack, Roof Box, Bike Car Rack, Ski Rack, Watersport Carrier), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis And Forecast 2023 – 2033.
The international car rack market refers to the business that manufactures and distributes a supportive frame that carries extra loads. These racks are installed on vehicles to carry luggage, bicycles, sports equipment, and other items. They help maximize interior space for passengers while ensuring safe transportation of goods. The market growth is driven by the growing tourism industry and adventure tourism. Further, it caters to both passenger and commercial vehicles and is driven by factors like increasing demand for adventure sports and recreational activities, which propels the market growth. However, the market growth is restricted due to intense price competition and low-quality product sales.
The roof mount segment accounted for the largest share of the global car rack market in 2023 and is projected to grow at a substantial CAGR over the forecast period.
On the basis of the type, the global car rack market is segmented into rail raised, glutter, roof mount, and others. Among these, the roof mount segment accounted for the largest share of the global car rack market in 2023 and is projected to grow at a substantial CAGR over the forecast period. This is due to its adaptability, simplicity of installation, and capacity to hold a variety of cargo kinds. Further, their design, which guarantees stability and safety when transporting large or heavy objects, is what makes them an ideal choice.
The aluminum alloy dominated the global car rack market in 2023 and is anticipated to grow at a notable CAGR over the forecast period.
On the basis of the material type, the global car rack market is classified into aluminium alloy, composite plastics, and others. Among these, the aluminum alloy segment dominated the global car rack market in 2023 and is anticipated to grow at a notable CAGR over the forecast period. The segment growth is driven by its various benefits, like reducing strain ratio, being capable of carrying heavy loads, and most importantly, prolonged durability with high corrosion resistance.
The bike car rack segment accounted for a significant share of the global car rack market in 2023 and is projected to grow at a rapid pace over the forecast period.
On the basis of the application, the global car rack market is segmented into roof rack, roof box, bike car rack, ski rack, and water sport carrier. Among these, the bike car rack segment accounted for a significant share of the global car rack market in 2023 and is projected to grow at a rapid pace over the forecast period. This is due to the growing popularity of mountain riding and hiking around the world, and consumers' spending on this outdoor recreational activity.
North America is anticipated to hold the largest share of the global car rack market over the forecast period.
North America is expected to hold the greatest share of the global car rack market over the forecast period. The regional market growth is driven by the growing popularity of leisure travel. Further, the increasing tendency of either buying motorhomes directly or turning camper vans into motorhomes which driving the market growth. Moreover, the vehicle rack market in the US is expected to grow at a rapid pace due to the growing tourism industry and increasing popularity of camping styles.
Europe is projected to grow at the fastest CAGR of the global car rack market over the forecast period. The regional market growth is driven by the growing tourism sector. The market growth throughout the region is further accelerated due to the popularity of campers and motorhomes. Moreover, the German car rack market is expected to grow at a rapid pace because of the significant presence of the key auto makers and their collaborative projects.
Company Profiling
Major vendors in the global car rack market are Thule Group, Yakima Products Inc., ALLEN SPORTS, Rhino-Rack USA LLC, CRUZBER SA, ACPS Automotive GmbH, Malone Auto Racks, Küat Racks, Carmate Co. Ltd, Saris, and others.
Key Target Audience
Recent Development:
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global car rack market based on the below-mentioned segments:
Global Car Rack Market, By Type
Global Car Rack Market, By Material Type
Global Car Rack Market, By Application
Global Car Rack Market, By Regional
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