Car Racks Market 2022: Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2028

The Global “Car Racks Market” Research report give detailed information with reference to market size, share, trends, growth, cost revenue, capacity, and forecast till 2028. This report also contains the general and in-depth study of the Car Racks market with all its aspects influencing the growth of the market. This report is a full-scale quantitative survey of the Car Racks market and provides information for developing strategies to expand the market growth and effectiveness.

The Car rack market was valued at USD 1124.21 million in 2020 and is expected to grow up to USD 1582.69 million by 2026, registering a CAGR of 5.46% during the forecast period (2021 - 2026).

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Top Leading Companies of Global Car Racks Market are - Allen Sports, Thule, Yakima Products, Atera, CARMATE, HandiWorld, JAC Products, KAMEI, K-at, Malone Auto Racks, Pendle Engineering, Rhino-Rack and others.

Recent Developments:

In December 2019, Yakima acquired Road Shower, a solar powered water transport system for an undisclosed transaction.

In April 2019, SRAM acquired the PowerTap line of power meters from the SARIS group to incorporate it into its own line of bicycles.

Market Overview:

Roof rack segment of the Car rack market expected to gain significance over the forecast period owing to increasing use of campers and off-road vehicle users. With rising off road vehicle users and SUV sales the need for roof racks has expected to further increase. For instance,

An estimate total of 29.6 million units of SUVs were sold in 2020 worldwide, indicating the high potential for off-road applications and high use of roof racks for long distance travelling purposes across the world. Also, an estimate total of 200 million SUVs were in operation in 2019, indicating the high potential for usage of these vehicles for travelling and consequently usage of roof racks.

Several OEMs are also implementing various techniques for passenger comfort and roof rack utility in their models lately. For instance,

Ford Motor Company’s Transit commercial van models expected to be released 2022 onwards are likely to be equipped with LED-lit roof racks on. Although roof racks are very desirable models for travelling and various utility purposes, the lack of proper protection from the environmental factors restraints these objects to be mounted on top of vehicles across the world.

On The Basis of Types: -

Roof Rack

Ski Rack

Roof Box

Water Sport Carrier

Bike Car Rack

On The Basis of Application: -

Online Retail

Offline Retail

Regional Analysis:

The Car rack market in North America region expected to dominate the market during the forecast period. Some of the major factors driving the growth of the US market are the growing demand for vehicles from the tourism sector (car rental and taxi services), increasing demand for recreational vehicles (rise in demand for recreational travels among consumers), and a large number of young people moving out to different cities in the United States for studies and work.

Moreover, share of leisure trips in the United States was valued at 86.13% of the total tourism in 2020, indicating the huge potential for quality roof racks to be mounted on the vehicles. Consequently, the sales of Multi-Purpose Vehicles and Sport Utility Vehicles in the Canada have recorded huge sales at 1.3 million units combined in 2019 and 1.9 million units in 2020 despite the pandemic.

The regions are further sub-divided into:

- North America:  US, Mexico, Canada
- Europe:  Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg
- Asia-Pacific:  China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore
- South America: Brazil, Argentina, Peru, Chile
- Middle East and Africa:  Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa

Influence of the Car Racks market report:

- Comprehensive assessment of all opportunities and risk in the Car Racks market.
- Car Racks market recent innovations and major events.
- Detailed study of business strategies for growth of the Car Racks market-leading players.
- Conclusive study about the growth plot of Infrared Imaging market for forthcoming years.
- In-depth understanding of Car Racks market-particular drivers, constraints and major micro markets.
- Favourable impression inside vital technological and market latest trends striking the Car Racks market.

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Important Features that are under offering and key highlights of the report:

- Detailed overview of the Car Racks market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Car Racks market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Car Racks market performance
- Must-have information for market players to sustain and enhance their market footprint

The research includes historic data from 2017 to 2022 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Car Racks Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Car Racks industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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- Free Country Level analysis for any 5 countries of your choice.

- Free Competitive analysis of any 5 key market players.

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