Automotive Roof Rack Market Size 2022 - Industry Overview, Demand Status, and Business Statistics Research Report 2029 | Thule Group, Yakima Products Inc, BOSAL, Yazaki Corporation

The Automotive Roof Rack Market Report 2022 report provides the latest industry data and future industry trends. The report lists leading competitors and manufacturers in the Automotive Roof Rack industry and provides strategic industry insights and analysis of factors influencing the competitiveness of the Automotive Roof Rack market. The geographical scope of the Automotive Roof Rack market is studied. The forecast market information, SWOT analysis, market scenario, and feasibility study are the vital aspects analyzed in this report.

Our analysts predict that the market size is set to grow at robust CAGR of 6.5% CAGR during the 2022-2029 periods, reaching a total of USD Billion by 2029 end.

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This market research report on analyzes the growth prospects for the key vendors operating in this market space including Thule Group, Yakima Products Inc, BOSAL, Yazaki Corporation, Kyocera Corporation, Atera GmbH, JAC Products, Cruzber S.A, VDL Hapro bv, Sumitomo Electric, Rhino-Rack, Delphi Automotive, MINTH Group Limited, TE Connectivity, Magna International, Inc.

The leading players of the Automotive Roof Rack industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed based on production volume, gross margin, market value, and price structure. The competitive market scenario among Automotive Roof Rack players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape business growth.

Industry News And Updates -

Yakima Products has acquired 2 companies of its own, including 1 in the last 5 years. Yakima Products has acquired in 1 US state, and 2 countries. The Company's most targeted sectors include automotive (50%) and consumer products (50%).

Kyocera has acquired 18 companies, including 12 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset. Kyocera has acquired in 7 different US states, and 4 countries. The Company's most targeted sectors include manufacturing (19%) and electrical equipment (13%).

Sumitomo has acquired 38 companies, including 21 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 6 assets. Sumitomo's largest acquisition to date was in 2014, when it acquired Clermont Mine for $1.0B. It's largest disclosed sale occurred in 2016, when it sold Soukai Drug to Rakuten Group for $74M. Sumitomo has acquired in 8 different US states, and 16 countries. The Company's most targeted sectors include energy services and equipment (11%) and metals/mining (11%).

Global Automotive Roof Rack Market Segmentation:

Market Segmentation: By Type

Roof Mount

Raised Rail

Gutter and others

Market Segmentation: By Application

Commercial Vehicles

Passenger Cars

Market Segmentation: By Geographical Analysis

The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The Asia Pacific market stood at USD 0.73 billion in 2020 and in the following years, it is predicted to be the fastest-booming region. During the projected timeline, it is predicted to demonstrate dominance by holding the biggest market share and displaying the highest CAGR. The rising urban population in nations such as India and China, which represents more than 38 percent of the global population, is a crucial element driving this region's growth. 

North America is anticipated to be the second major position in the global market owing to the rising leisure travel. According to the latest report by the U.S. Travel Association, U.S. domestic travel increased 1.7% in 2019 to a total of 2300 million person-trips compared to 2018. Leisure travel accounted for 80% of all U.S. domestic travel in 2019. However, all of this was disturbed due to the COVID-19 pandemic, and lockdowns were imposed globally by many countries, which affected the travel and tourism industry significantly.

Europe maintains the third major market share, with Germany ranking first in this specific market due to the presence of significant car makers. Furthermore, Germany is the leading player in the most number of leisure travel trips taken. According to Statista, German citizens took 160,985 leisure trips in 2019. A large number of leisure trips and adventure travel by the young generation is anticipated to contribute to the market growth.

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Key questions answered in the report include:

What will the market size and the growth rate be in 2029?
What are the key factors driving the Global Automotive Roof Rack Market?
What are the key market trends impacting the growth of the Global Automotive Roof Rack Market?
What are the challenges to market growth?
Who are the key vendors in the Global Automotive Roof Rack Market?
What are the market opportunities and threats faced by the vendors in the Global Automotive Roof Rack Market?
Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.

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Crucial Elements from the Table of Contents of Global Automotive Roof Rack Market:

- Automotive Roof Rack Market Overview

- Market Competition, Profiles/Analysis, Strategies

- Global Automotive Roof Rack Capacity, Production, Revenue (Value) by Region (2016-2022)

- Global Automotive Roof Rack Supply (Production), Consumption, Export, Import by Region (2016-2022)

- Global Automotive Roof Rack Market Regional Highlights

- Industrial Chain, Sourcing Strategy, and Downstream Buyers

- Marketing Strategy Analysis, Distributors/Traders

- Market Effect Factors Analysis

- Market Decisions for the present scenario

- Global Automotive Roof Rack Market Forecast (2022-2029)

- Case Studies

- Research Findings and Conclusion

Finally, the Automotive Roof Rack 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. The Automotive Roof Rack industry report additionally presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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