Press release
Bike Racks Market to Witness Robust Expansion by 2023
Bike racks are used to carry bikes. They can help protect bikes and provide extra loading options. In the report, the bike racks are only used for cars.
The classification of Bike Racks includes Rear & Hitch Bike Racks, Roof Mounted Bike Racks and Others, and the proportion of Rear & Hitch Bike Racks in 2016 is about 58%, and the proportion is in increasing trend from 2012 to 2016.
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Global Bike Racks Market: Forecast by Type / Application / Region
Bike Racks is widely used in SUV, Truck and Sedan. The most proportion of Bike Racks is Sedan, and the proportion in 2016 is about 49%. The trend of Sedan is decreasing.
Europe is the largest consumption place, with a consumption market share nearly 36% in 2016. Following Europe, USA is the second largest consumption place with the consumption market share of 33%.
Market competition is not intense. Thule Group, SARIS CYCLING GROUP, Curt, CAR MATE, Allen Sports, Yakima Products, Atera GmbH, Uebler, Rhino-Rack, Hollywood Racks, VDL Hapro, Mont Blanc Group, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
Over the next five years, LPI(LP Information) projects that Bike Racks will register a 5.2% CAGR in terms of revenue, reach US$ 420 million by 2023, from US$ 330 million in 2017.
Global Bike Racks Market: Key Players
Thule Group
SARIS CYCLING GROUP
Curt
CAR MATE
Allen Sports
Yakima Products
Atera GmbH
Uebler
Rhino-Rack
Hollywood Racks
VDL Hapro
Mont Blanc Group
Cruzber
Swagman
Kuat
Alpaca Carriers
RockyMounts
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Related Information:
United States Bike Racks Market Research Report 2018
Europe Bike Racks Market Research Report 2018
North America Bike Racks Market Research Report 2018
Asia-Pacific Bike Racks Market Research Report 2018
China Bike Racks Market Research Report 2018
EMEA Bike Racks Market Research Report 2018
Global Bike Racks Market Research Report 2018
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