Automotive Roof Racks Market Overview, Demand Factors, Emerging Trends, Growth Rate, Size, Share and Major Manufacturers Analysis: MINTH Group Limited, Thule Group, Delphi Automotive

Automotive Roof Racks are set of bars that are mounted on the roof of the vehicles that help in an effective carrying of luggage while travelling. These roof racks enables more free space in the vehicle and helps to load luggage, bicycles, canoes, kayaks, etc. Compared with traditional roof racks, modern roof racks can be installed without the help of professionals. Roof rack systems usually include crossbars, towers, gear mounts, and fitting accessories which are assembled into a roof rack structure. There are numerous types of roof racks, such as suitcases, bike racks, and box that are mounted on cross bars and connected to the roof bars.

The roof bars is mainly composed of three parts: tower, track and base. The guide rail is used to support the frame of the roof rod. Conversely, the roof rack is an assembly of rods attached to the roof of a vehicle for transporting bulk objects such as luggage, bicycles, canoes, kayaks and various luggage without occupying the interior space of the automobile. During the forecast period, flexibility, low operating costs and low maintenance costs will continue to be the main focus of major manufacturers in the global automotive roof bar and roof rack market.

In addition, automotive manufacturers are working towards developing lightweight and durable roof racks to decrease the weight of vehicles, which is expected to promote the development of the automotive roof rack market during the forecast period.

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Rise in preference for recreational and outdoor activities, individuals are committed to exploring more natural scenery and spending more time with nature, thus promoting the development of travel and tourism sector. Moreover, the increasing number of tourists worldwide and the rise in disposable income of people are expected to create high demand for vehicles with luggage racks, which in turn greatly promotes the demand for automotive roof racks. However, the use of a heavy roof rack on the top of a vehicle leads to high fuel consumption and increase the weight of the vehicle, thus causing a major restraint for the automotive roof racks market.

Automotive Roof Racks Market Segmentation:-

By Product:
• Raised Rail
• Roof Mount
• Gutter
• Others

By Vehicle Type:
• Passenger Cars
• Commercial Vehicles

MARKET SEGMENTATION:
Globally, the automotive homogenous charge compression ignition market is segmented by engine type, by vehicle type, and by geographic coverage. The engine type is further segmented into two stroke engine and four stroke engine. The four stroke engine segment holds the largest share in the global market owing to the high fuel efficiency as compared to the two stroke engine and is estimated to register high sales in the coming years. The vehicle type is further divided into passenger cars and commercial vehicles. The passenger cars hold the major share in the global world.
The increasing urbanization, improvement of living standards, and the developing road infrastructure and are the major factors for the high growth rate of the automobiles across the world. Also, the rise in the disposable income of people have encouraged them to own private cars. Moreover, the automotive manufacturers are investing a high percentage to develop and innovate technologically advanced systems and components in vehicles. Thus, the rapid production and sales of passenger cars is anticipated to propel the passenger car segment of the automotive homogenous charge compression ignition market in the forecast period.

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Research Methodology
The report provides a detailed overview of the Automotive Homogenous Charge Compression Ignition and highlights several aspects such as market drivers, leading companies, and restraints. The report segments the market based on several factors including type, region, and application. Leading regions are highlighted with respect to revenue generated and product demand. In addition to this, it provides in-depth information on a few other segments to help our users gain further insights into the market. Regional analysis is highlighted in the report, explaining in detail about each region and factors responsible for driving that region. The insights provided in the report will help stakeholders to gain a better understanding on the market and help them to improve their business decisions.

Major players operating in the Global Automotive Roof Racks Market include
• Magna International, Inc.,
• Rhino-Rack, Yakima Products Inc.,
• MINTH Group Limited,
• Thule Group, Delphi Automotive,
• Yakima Products Inc.,
• BOSAL,
• TE Connectivity,
• Kyocera Corporation,
• Cruzber S.A, VDL Hapro bv,
• Atera GmbH,
• Sumitomo Electric
• among others.

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Research Methodology
The Automotive Roof Racks industry Share report offers an in-depth evaluation of the chemical industry and the demand drivers for chemicals by highlighting information on several aspects of the market, including drivers, trends, opportunities, and challenges. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers. These advancements will help companies to gain decisive advantage in the competitive landscape of the market. Companies are also adopting diverse strategies to stay ahead of their competitors. These strategies include: mergers and acquisitions, partnerships, collaborations, and new product developments, among others.

The information has been gathered through primary and secondary sources, comprising of interviews from several industry experts and professionals. Secondary sources such as press releases, information from recognized institutes, and other collaterals have been utilized to holistically analyze the industry. Further, top-down and bottom-up approaches have also been employed to ensure 360-degree assessment.

By Geography
• North America (USA, Canada, and Mexico)
• Europe (Germany, France, U.K., and Rest of Europe)
• Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
• Rest of the World

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