Truck Rack Market on Path to Hit $1.86 Billion by 2029 at 7% CAGR

Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.

Truck Rack Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, there's been a substantive expansion in the truck rack market. The market, which was valued at $1.33 billion in 2024, is projected to increase to $1.42 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.4%. This significant growth during the historic period is primarily due to factors such as the need for industrialization and transportation, the advent of cargo management solutions, innovative customization initiatives, minimal technological integration, and its application in commercial and industrial domains.

What Is the Expected CAGR for the Truck Rack Market Growth Through 2029?
The market size for truck racks is predicted to undergo significant expansion in the approaching years. It is estimated to reach a valuation of $1.86 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.0%. The expected growth during the forecast period could be due to design innovation and material advances, adaptability and personalization, shifting commercial needs, growth in e-commerce and delivery industries, and improved security aspects. Key trends during the prediction period encompass adaptability and personalization, incorporation of sophisticated materials, increased commercial application, technological advancements, urban growth and lifestyle shifts.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/truck-rack-global-market-report

What Are the Primary Drivers Behind Truck Rack Market Growth?
Anticipated to be fueled by the rising count of commercial vehicles, the truck rack market is predicted to experience significant growth. Commercial vehicles, which are motor vehicles specifically employed for business-oriented, trading, or transportation activities, can make effective use of truck racks. These racks enhance the available space within the commercial vehicles while also offering extra storage for tools and accessories. They also incorporate safety measures. For instance, Daimler Truck Holding AG, a commercial vehicle manufacturer based in Germany, reported in January 2024 that the company sold 526,053 trucks and buses altogether in 2023. This marks a slight rise from the 520,291 units sold in 2022. Daimler's Trucks North America segment sold 195,014 units, while the Trucks Asia division sold 161,171 units, demonstrating a growth of 3% from the prior year. Daimler Buses also saw robust sales, with 26,168 units sold, which is a growth of 9%. This increase in commercial vehicles' count underscores the prospective growth of the truck rack market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13302&type=smp

What Are the Key Segments Driving Truck Rack Market Growth?
The truck rack market covered in this report is segmented -

1) By Type: Roof-Mounted, Side-Mounted, Platform-Mounted, Other Types
2) By Material: Steel, Aluminum
3) By Application: Original Equipment Manufacturer (OEM), After market

Subsegments:
1) By Roof-Mounted: Fixed Roof Racks, Adjustable Roof Racks
2) By Side-Mounted: Ladder Racks, Tool Racks
3) By Platform-Mounted: Flatbed Racks, Utility Racks
4) By Other Types: Hitch-Mounted Racks, Custom Or Specialty Racks

What Are the Technological Trends Impacting the Truck Rack Market?
Key players in the truck rack market, such as major firms, are placing their focus on building advanced tech-driven products, like adaptable rack systems, to elevate their market profitability. A versatile rack system is a type of rack that slides within a C-channel affixed atop the cargo box sidewalls, and offers five different locking positions for safely accommodating items of varying lengths. For example, in July 2023, US automobile manufacturing giant, Ford Motor Company, crafted a unique adaptable rack system for the upcoming Ford Ranger model. This Adjustable Rack System includes Ford's impressive sliding load rack and foldable roof rack, catering to owners who need to transport items spanning the entire length of the roof and cargo box. This strategy aims to simplify and enhance the practicality of carrying longer items. Incorporating Ford's inventive, adaptable rack system to the next-generation Ford Ranger is a strategic addition, potentially aiding the company's growth.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=13302&type=smp

Who Are the Major Competitors in the Global Truck Rack Market?
Major companies operating in the truck rack market report are Ford Motor Company, Holman Inc., The Shyft Group Inc., Thule Group AB, Werner Co., Clarus Corp., Adrian Steel Company, Yakima Inc., Lund International Holdings, Buyers Products Company, Penda Corporation, Westin Automotive Products Inc., Lynn Ladder & Scaffolding Co. Inc., DECKED, Topper Manufacturing Company Inc., Truxedo Inc., Highway Products Inc., Fabtech Industries Inc., Rack-It Inc., Surco Products Inc., Cruzber S.a.u., Malone Auto Racks, Spring Creek Manufacturing, Texas Truck Racks, Backrack Inc., Car Mate Mfg Co. Ltd.

Which Region Dominates the Truck Rack Market Share in 2025?
North America was the largest region in the truck rack market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the truck rack market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.