Press release
Automotive Roof Racks Market 2018 Global Key Country Analysis By Global Manufacturers: Thule Group, Magna, VDL Hapro bv, MINTH, Cruzber, Atera, Rhino-Rack, BOSAL, JAC and Yakima
Top Automotive Roof Racks Manufacturers Competitive Landscape:
The key players in global automotive roof racks market are Thule Group (Sweden), Magna International, Inc.(Ontario), VDL Hapro bv (Netherlands), MINTH Group Limited(China), Cruzber S.A (Spain), Atera GmbH (Germany), Rhino-Rack (U.S.), BOSAL (Belgium), JAC Products (U.S.) and Yakima Products Inc. ( U.S.)
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These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Automotive Roof Racks market is heating up. As these key players are increasingly investing towards the development of new technology, many smaller companies will not be able to keep up with the technological pace.
Market Overview:
The automotive roof rack is a roof carrier that is used to carry heavy object for transportation so that it can reduce the boot space for the occupant. There are various types of roof racks that are attached to the roof of the car depending on the need of the consumer. The market is driven by various factors such as growth in tourism sector, increase in production of vehicles, and limited boot space in cars. The roof rack has various constraints that hinder the market such as fluctuation in raw material prices and increase in weight of the vehicle.
Tourism has experienced a continuous growth and extending its diversification to become one of the fastest growing economic sector in the world. Modern tourism is closely linked to development and covers growing number of new destinations. These dynamics have turned tourism into a key driver for the growth of automotive industry. The expanding transport projects in emerging nations are expected to reveal greater logistics opportunities and increase the demand for commercial and passenger vehicles in the Asia-Pacific, significantly over the Forecasted period. The automotive roof rack market is completely dependent on the automotive industry. Thus the increasing or decreasing demand of the automotive industry directly has an impact on the market. The total vehicle production for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2023.
Segmentation:
The Global Automotive Roof Racks Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises rail raised, gutter, roof mount, and others
Segmentation by Material: Comprises aluminium alloy, composite plastic, and others.
Segmentation by Application : Comprises commercial vehicles and passenger cars
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Regional Analysis:
In North America, automobile manufacturer will continue to see an increase in the sales of the passenger cars. The increase in demand of the new vehicles will enable the growth of the auto components suppliers. The automotive manufacturers have shifted their preference from small cars to higher-value pickups and SUVs. This will enable more installation of roof racks on SUVs and pickup vans for transportation. The auto market in U.S. has been powered by the low interest rate and low fuel price which has allowed the market to grow during the forecast period. The buying condition will remain positive due to the low interest rate and will boost the sales of the new vehicle. This increase in sale of new vehicle will led to the growth of roof racks market. China is one of the major automotive market in Asia. The automotive industry continues to grow in China due to increased production of passenger and commercial vehicles. FDI is one of the major factor for the growth of automotive industry in China. The automaker in China are developing new and trade friendly policies that enable them to produce larger number of vehicles. The increase in the production of vehicle will led to the growth of roof rack market.
List of Tables:
TABLE 1 GLOBAL AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL
TABLE 2 GLOBAL AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION
TABLE 3 GLOBAL AUTOMOTIVE ROOF RACKS MARKET, BY REGIONS
TABLE 4 NORTH AMERICA AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL
TABLE 5 NORTH AMERICA AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION
TABLE 6 U.S. AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL
TABLE 7 U.S. AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION
TABLE 8 CANADA AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL
TABLE 9 CANADA AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION
TABLE 10 EUROPE AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL
Continued…
List of Figures:
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY MATERIAL (%)
FIGURE 3 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY APPLICATION (%)
FIGURE 4 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY REGION
FIGURE 5 NORTH AMERICA AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL (%)
FIGURE 6 NORTH AMERICA AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION (%)
FIGURE 7 EUROPE AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL (%)
FIGURE 8 EUROPE AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION (%)
FIGURE 9 ASIA-PACIFIC AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL (%)
FIGURE 10 ASIA-PACIFIC AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION (%)
Continued…
For more details on this report visit: https://www.marketresearchfuture.com/reports/automotive-roof-racks-market-3821
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