A car rack consists of set of bars mounted on the roof of a car. It acts as an anchor that supports and securely holds a large variety of items, increasing the luggage carrying capacity of a car. These racks are also specialized to mount bikes, water sports equipment, skis, and boats. While some vehicles come with standard factory-installed car racks, others can be purchased and fit with aftermarket parts. They can be fit either temporarily or permanently. They can also be personalized to suit a variety of needs and are characterized based on the load bearing capacity and the types of roofs they are designed to fit. Car racks are used to optimize luggage space, provide comfort and convenience.
One of the major drivers for this market is increasing demand for smaller cars. Several car manufacturers have introduced compact cars that come with a limited boot capacity. The hike in fuel prices has led to the downsizing of vehicles, and therefore, people prefer smaller cars over premium big cars as they are light, compact, and run with lower costs. Further, the report states that one of the major factors hindering the growth of this market is difficulties in installation. The car racks can be installed or removed based on the need and preference of the consumer. However, the task of removing and fitting the racks is tedious. While some car racks are easier to fix and remove, others often involve technical steps. The process of attaching and removing these racks sometimes also damage the frame or paint job of the car concerned.
North America as the leading revenue contributor dominates the global car rack market. Though the shift in weather conditions is expected to reduce the number of individuals participating in outdoor activities, initiatives to increase participation in recreational activities will offer vendors a supporting platform for increasing product awareness and sales, in turn, boosting the demand for car roof storage such as racks in this region.
Global Car Racks market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Car Racks.
This industry study presents the global Car Racks market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Car Racks production, revenue and market share by manufacturers, key regions and type;
The consumption of Car Racks in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Allen Sports, Thule, etc.
The following manufacturers are covered in this report:
Allen Sports
Thule
Yakima Products
Atera
CARMATE
HandiWorld
JAC Products
KAMEI
Küat
Malone Auto Racks
Pendle Engineering
Rhino-Rack
Car Racks Breakdown Data by Type
Roof Rack
Ski Rack
Roof Box
Water Sport Carrier
Bike Car Rack
Car Racks Breakdown Data by Application
Online Retail
Offline Retail
Car Racks Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Car Racks Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Car Racks status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Car Racks manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Car Racks :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Car Racks market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Car Racks . Industry analysis & Market Report on Car Racks is a syndicated market report, published as Global Car Racks Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Car Racks market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.