Press release
Automotive Roof Bars Market: Opportunities, Demand and Forecasts, 2017 – 2025
The market for Automotive Roof Bars has a huge potential to grow, owing to the development and growth in the overall automotive sector. Moreover, in developed nations, high standard of living and rising disposable incomes have enabled consumers to use vehicles, which have all the aftermarket products fitted for effective use of their automobiles. Furthermore, growth in adventure sports and tourism activities, are expected to fuel the growth of the overall Automotive Roof Bars market over the forecast period.
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The growth in technology and research & development to produce more strong materials, which can sustain more load is estimated to fuel the overall growth of the automotive roof bars market. The only disadvantage of mounting roof bars are that they cause air resistance to the vehicles while driving, additionally the overall weight of the vehicle will be increased, and hence, the fuel efficiency of the vehicles is reduced. However, the advantages offered by the roof bars will cover these restraints, thereby, the global automotive roof bars market is expected to witness steady growth over the forecast period.
Automotive Roof Bars Market: Regional Outlook
North America and Europe hold major shares of global Automotive Roof Bars market owing to the large number of automotive present in these regions. Consumers tend to equip their vehicles with high end automotive systems such as the roof bars to ensure a good travel experience. These conditions are expected to act as catalysts for the growth of the overall Automotive Roof Bars market over the forecast period.
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Furthermore, the growth of the tourism and transportation industries will play a vital role in the growth of the automotive roof bars market globally. The BRICS (Brazil, Russia, India, China and South Africa) nations, which are the target markets of the automobile manufacturers will contribute significantly to the growth of the overall automotive roof bars market over the forecast period. The Automotive Roof Bars market is projected to grow with a noteworthy CAGR owing to the increasing adoption of these systems in motorcycles and bikes globally.
Automotive Roof Bars Market: Market Participants
Examples of some of the market participants in the global Automotive Roof Bars market identified across the value chain include: Cruzber SA, Atera GmbH, Thule, Yakima Products Inc., BOSAL, Rhino-Rack USA, LLC., NEUMANN, spol. s r.o., John Jordan Limited (Van-Racks), Perrycraft, Inc,, Rola.
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