Market Research Future Insights
The global automotive roof racks market is expected to experience significant growth in the coming years, according to a new report by Market Research Future. The report predicts that the market will grow at a CAGR of 5.9% from 2023 to 2030, with increasing demand for vehicles with extra storage space driving the growth.
Market Segmentation
The global automotive roof racks market is segmented based on type, material, application, and region. By type, the market is segmented into roof rails, roof boxes, bike racks, ski racks, and others. Based on material, the market is segmented into aluminum, steel, and others. By application, the market is segmented into commercial vehicles and passenger cars.
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| Report Attribute/Metric | Details |
| Market Size | 2030: USD 2215.4 Million |
| CAGR | ~5.9% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Material and Vehicle Type |
Regional Analysis
The global automotive roof racks market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to dominate the market during the forecast period, with the United States being the largest contributor to the growth. The Asia-Pacific region is expected to experience the highest growth during the forecast period, owing to increasing demand for vehicles with extra storage space in emerging economies such as China and India.
Industry Trends
One of the major trends in the global automotive roof racks market is the growing demand for eco-friendly and lightweight roof racks. The increasing awareness about environmental concerns and the need for fuel-efficient vehicles is driving the demand for lightweight roof racks made from materials such as aluminum and carbon fiber.
Another trend in the market is the growing popularity of integrated roof racks, which are built into the vehicle’s design rather than being added as an aftermarket accessory. These integrated roof racks are aesthetically pleasing and provide better functionality than traditional roof racks.
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Key Players
Some of the key players in the global automotive roof racks market include Thule Group, Yakima Products Inc., Cruzber SA, Rhino-Rack USA LLC, Malone Auto Racks, Mont Blanc Group AB, Atera GmbH, BOSAL, Hapro International BV, and Perrycraft Inc.
Thule Group is one of the leading players in the market, offering a wide range of roof racks for various types of vehicles. The company’s products are known for their high quality and durability, and the company has a strong presence in the global market.
Yakima Products Inc. is another major player in the market, offering a range of roof racks and accessories for outdoor enthusiasts. The company’s products are designed to make it easier to transport bikes, skis, and other gear on the roof of a vehicle.
Cruzber SA is a leading manufacturer of roof racks for commercial vehicles, offering products that are designed to meet the needs of businesses that require extra storage space on their vehicles.
Rhino-Rack USA LLC is a leading manufacturer of roof racks for passenger cars and commercial vehicles, offering products that are designed to provide maximum durability and functionality.
Malone Auto Racks is a leading manufacturer of roof racks and accessories for outdoor enthusiasts, offering products that are designed to make it easy to transport bikes, kayaks, and other gear on the roof of a vehicle.
Mont Blanc Group AB is a leading manufacturer of roof racks and accessories for passenger cars and commercial vehicles, offering products that are designed to provide maximum functionality and durability.
Atera GmbH is a leading manufacturer of roof racks and accessories for passenger cars, offering products that are designed to be easy to install and provide a high level of functionality.
BOSAL is a leading manufacturer of exhaust systems and roof racks for passenger cars and commercial vehicles, offering products that are designed to meet the needs of customers around the world.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
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