Thule Group, Magna, VDL Hapro, MINTH, Cruzber, Atera, Rhino-Rack, BOSAL, JAC and Yakima

Automotive Roof Racks Market 2018 – Global Forecast to 2023 research report published by "MarketResearchFuture," Global Automotive Roof Racks Market is growing at high Compound Annual Growth Rate over the forecast period of 2018 to 2023. Automotive Roof Racks Market Information Report by Material (Aluminum Alloy, Composite Plastic and Others), By Type (Roof Mount, Raised Rail, Gutter and others), By Application (Commercial Vehicles and Passenger Cars), and by Region - Global Forecast to 2023

Automotive Roof Racks Market Key Companies Analyzed for this research report 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.)

Get Sample Copy Of "Global Automotive Roof Racks Market Research Report 2018" at: https://www.marketresearchfuture.com/sample_request/3821

Market Highlights:

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.

A roof rack are group of bars that are attached at the top of the vehicles. The main purpose of roof rack is used to carry bulk items such as luggage, bicycles and various carriers. Roof racks allows the user to carry an object from one place to other without reducing the interior space. The most common type of roof racks are rails, towers, and mount. Roof racks are majorly used in cars and trucks. The material that are commonly used in roof racks are aluminum alloy, composite plastic, and among others.

The Asia-Pacific region is expected to dominate the automotive roof rack market due to the increase in the production of vehicle and rising sales of vehicle due to increase in disposable income. The growing demand of vehicle by the tourism sector has also led to the increase use of roof racks. This rise in the tourism sector will accelerate the growth of the automotive roof racks market. North America is expected to be the second largest region in automotive roof rack market due to the large number of automotive present in these region.

Automotive Roof Racks Regional Market 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.

Market 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.

Major Table of Content:

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE:

1.3.1 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY PRODUCT

1.3.2 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY TECHNOLOGY

1.3.3 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY VEHICLE TYPE

1.3.5 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY REGION

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCHPT

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

2.4.3 MARKET CRACKDOWN & DATA TRIANGULATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

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