Global Car Rack Market 2024-2028
The car rack market is forecasted to grow by USD 1936.1 million during 2023-2028, accelerating at a CAGR of 6.98% during the forecast period. The report on the car rack market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for smaller cars, increasing demand for adventure tourism, and growing need for pedaling.
Technavio's car rack market is segmented as below:
By Product
- Bike car rack
- Roof rack
- Ski rack
- Roof box
- Water sports carrier
By Application
- Passenger vehicle
- Commercial vehicle
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increasing initiatives to enhance participation in skiing as one of the prime reasons driving the car rack market growth during the next few years. Also, rising investment in r and d and growing demand for recreational activities will lead to sizable demand in the market.
The report on the car rack market covers the following areas:
- Car rack market sizing
- Car rack market forecast
- Car rack market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading car rack market vendors that include ACPS Automotive GmbH, Atera GmbH, Car Mate Mfg Co Ltd, Cequent, CRUZBER SA, Demar UK Ltd., Farad Pvt. Ltd., Front Runner GmbH, JAC Products, KAMEI GmbH and Co. KG, Kuat Innovations LLC, Malone Auto Racks, Mont Blanc Group AB, Perrycraft Inc., Rhino Rack Pty Ltd., Saris Cycling Group Inc., Thule Sweden AB, TOWER POPULAR Ind Co. Ltd., Tradesman Roof Racks, and Yakima Products Inc.. Also, the car rack market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.