IMARC Group, a leading market research company, has released a report titled “Car Rack Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global car rack market is expected to exhibit a growth rate (CAGR) of 5.4% during 2023-2028.
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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Car Rack Market Trends and Drivers:
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.
Report 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
- Others
Breakup by Material:
- Aluminium Alloy
- Composite Plastic
- Stainless Steel
- Others
Breakup by End Use:
- OEM
- Aftermarket
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
Competitive Landscape with Key Player:
- 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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