Global Automotive Roof Racks Market 2023

Global Automotive Roof Racks Market 2023

Description
Automotive roof racks are designed to securely hold and transport various types of cargo on the roof of a vehicle. They typically consist of crossbars, towers, and mounting systems that attach to the roof rails or directly to the vehicle's roof. Roof racks can be customized with different accessories, such as cargo boxes, bike racks, or kayak carriers, to accommodate specific cargo types.

According to the latest estimates, the global automotive roof racks market is set to achieve an incremental growth of USD 0.9 billion, accelerating at a CAGR of almost 6.06% during the forecast period 2023-2029. The growing popularity of outdoor activities, such as camping, biking, skiing, and water sports, drives the demand for automotive roof racks. Roof racks provide a convenient and secure way to transport equipment, allowing individuals to easily engage in their preferred outdoor pursuits.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global automotive roof racks market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Type: roof mount, raised grill, gutter, others
Material: aluminum alloy, composite plastic, others
Vehicle type: commercial vehicle, passenger cars
Region: Asia-Pacific, Europe, North America, RoW (Rest of World)

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, material, vehicle type, and region. The global market for automotive roof racks can be segmented by type: roof mount, raised grill, gutter, others. The roof mount segment captured the largest share of the market in 2022. Automotive roof racks market is further segmented by material: aluminum alloy, composite plastic, others. The aluminum alloy segment held the largest share of the global automotive roof racks market in 2022 and is anticipated to hold its share during the forecast period. Based on vehicle type, the automotive roof racks market is segmented into: commercial vehicle, passenger cars. In 2022, the passenger cars segment made up the largest share of revenue generated by the automotive roof racks market. On the basis of region, the automotive roof racks market also can be divided into: Asia-Pacific, Europe, North America, RoW (Rest of World). Among these, North America was accounted for the highest revenue generator in 2022.

Major Companies and Competitive Landscape
The report also provides a detailed analysis of several leading automotive roof racks market vendors that include Atera GmbH, Car Mate Mfg. Co., Ltd., Cruzber S.A., KAMEI GmbH & Co. KG, Mont Blanc Group AB, Rhino Rack Australia Pty Limited, Thule Group AB, Yakima Products, Inc., Yakima, Inc, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global automotive roof racks market.
To classify and forecast the global automotive roof racks market based on type, material, vehicle type, region.
To identify drivers and challenges for the global automotive roof racks market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global automotive roof racks market.
To identify and analyze the profile of leading players operating in the global automotive roof racks market.

Why Choose This Report
Gain a reliable outlook of the global automotive roof racks market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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