According to the latest report by IMARC Group, “Car Rack Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global car rack market is expected to exhibit a growth rate (CAGR) of 5.4% during 2023-2028.
What is Car Rack?
A car rack is an automotive metal frame attached on top of a vehicle for carrying luggage and other bulky items. It consists of crossbars, towers, gear mounts, and fitting pieces that are evenly spaced to support the weight of the luggage. Car racks are manufactured using lightweight materials, such as steel, aluminum alloys, and composite plastic. Their utilization allows easy transportation of items, increases luggage capacity, and provides comfort to passengers without compromising the interior space. There are different types of car racks commercially available, which include bare roof, rain gutter, side rails, factory bars, and fixed point.
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What are the growth prospects and trends in the Car Rack industry?
The growth of the global car rack market is primarily being driven by the rising expenditure in the tourism and automotive industries across the globe. This, along with rapid urbanization and the increasing spending capacity of consumers, is further supporting the market growth. Additionally, the rising population and the increasing popularity of outdoor recreational activities are inflating the demand for extra luggage space in vehicles. Moreover, manufacturers are introducing fiberglass car racks integrated with new mounting technologies, which is accelerating the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Roof Rack
- Roof Box
- Bike Car Rack
- Ski Rack
- Watersport Carrier
Breakup by Material:
- Aluminium Alloy
- Composite Plastic
- Stainless Steel
Breakup by End Use:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ACPS Automotive GmbH
- Atera GmbH, Bosal Nederland B.V.
- Cruzber SA, KAMEI GmbH Co. KG
- Magna International Inc.
- Mont Blanc Group AB (Brenderup Group AB)
- Thule Group AB
- VDL Hapro B.V. and Yakima Products Inc. (Kemflo International Co. Ltd.)
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