Car Rack - Comprehensive Analysis on Global Market Report by Company, by Dynamics, by Region, by Type, and by Application (2019-2026)

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.

Market trend Snapshot

Global Car Rack market was valued at 5,126 million USD in 2019 and projected to reach 8,125 million USD by 2026, growing at a CAGR of 6.8%. This report provides comprehensive and in-depth analysis and prediction of the Car Rack industry.

The major factor for propelling the Car Rack market growth is increasing demand for smaller cars. With 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. On the contrary side, difficulty in the installation is the major factor that projected to hinder the market growth.

From Base year 2018 to forecast year 2026

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Key Market Players Profile

Various market pacemakers covered in the report are Atera, Cruzber, Hapro International, KAMEI, Mont Blanc Group, HandiWorld, JAC Products, Pendle Bike Racks, Thule Group, and Yakima Products. The report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies, which will help companies create strategies to take advantages of the emerging opportunities in the future. Production and consumption are estimated to continue developing with a stable growth rate during the forecast period. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.

North America holds the largest Car Rack market share

The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, development trends, and economic development in these countries are also taken into consideration.

The three major markets are North America, Europe, and the Asia Pacific. North America was the leading market at a share of 33.61% due to a large number of automotive present in the region, followed by the Asia Pacific and Europe with a share of 30.26% and 23.45%. The Asia-Pacific region is expected to dominate the Car Rack market during the forecast period. This is mainly attributed to the increasing production and sales of vehicles and the growing demand for vehicles by the tourism sector.

Car Rack Type and Application Sketch

By type

• Roof Racks
• Bike Racks
• Ski Racks
• Roof Boxes
• Water Sports Carriers

Bike racks segment dominated the market and is expected to grow significantly during the forecast period. Factors such as the rising number of participants in biking and crossroad trips, rising sales of bikes, and popularity of bikes as a mode of transport, will propel the growth of the bike carrier for cars during the forecast period.

By application

• Online Retail
• Offline Retail

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Car Rack Report provides

• Potential opportunities and challenges in Car Rack market
• Current and future market outlook in the developed and emerging markets
• Detailed analysis of the segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• Comprehensive & in-depth research and after-sales warranty by GlobalMarketMonitor

Table of Content

1 Report Overview

1.1  Product Definition and Scope

1.2  PEST (Political, Economic, Social and Technological) Analysis of Car Rack Market

…

2 Market Trends and Competitive Landscape

3 Segmentation of Car Rack Market by Types

4 Segmentation of Car Rack Market by End-Users

5 Market Analysis by Major Regions

6 Product Commodity of Car Rack Market in Major Countries

7 North America Car Rack Landscape Analysis

8 Europe Car Rack Landscape Analysis

9 Asia Pacific Car Rack Landscape Analysis

10 Latin America, Middle East & Africa Car Rack Landscape Analysis  

11 Major Players Profile

11.1 Atera

11.1.1 Atera Company Profile and Recent Development

11.1.2 Market Performance

11.1.3 Product and Service Introduction

11.2 Cruzber

11.3 Hapro International

11.4 KAMEI

11.5 Mont Blanc Group

11.6 HandiWorld

11.7 JAC Products

11.8 Pendle Bike Racks

11.9 Thule Group

11.10 Yakima Products

…

Target Audience:

• Car Rack manufacturers
• Raw material suppliers of Car Rack
• Distributors and resellers of Car Rack
• Car Rack industry associations
• Product managers, Car Rack industry administrator, C-level executives of the industries
• Market Research and consulting firms

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