Press release
Automotive Roof Racks Market 2018 Global Leading Players Analysis: Thule Group, Magna, VDL Hapro, MINTH, Cruzber, Atera, Rhino-Rack, BOSAL, JAC and Yakima
Key Players Analyzed:
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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Market Scenario:
Automotive roof racks is expected to witness growth due to factor such as increase in production of vehicles, and growth in travel and tourism sector. There has been an increase in investment in travel and tourism sector due to which the use of roof rack to carry the luggage has been widely used. This will led to the growth of this market. The increase in vehicle production will also led to increase in use of roof racks in cars. This will led to the growth of automotive roof racks market. The global automotive roof racks market is expected to grow at approximately 6.69 % CAGR from 2017 to 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.
The report for Automotive Roof Racks Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Browse for more details on this report: https://www.marketresearchfuture.com/reports/automotive-roof-racks-market-3821
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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