Car Roof Rack Market Report 2023 (Global Edition)

What is a Car Roof Rack?

A car roof rack is a device that is put on the roof of a vehicle to give extra storage space for items such as baggage, sports equipment, or other bulky objects. It is often made up of crossbars or rails put on the car’s roof, allowing for the connection of various accessories such as baggage boxes, bike racks, or kayak carriers. Roof racks for cars are meant to securely retain and transport objects on the roof of the vehicle, maximizing available space and providing for a more comfortable and organized travel experience. Rising household disposable income among consumers around the world is contributing to rising living standards.

Key Insights from?Car Roof Rack Market Report:

• The Global Car Roof Rack Market size is USD 2.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.90% from 2023 to 2030.

To know more about The Car Roof Rack Market statistics click here: https://www.cognitivemarketresearch.com/car-roof-rack-market-report

What is driving the Car Roof Rack Market?

• Growing Adventure Interests Sports and Tourism Activities Drive Market Expansion

One of the primary elements driving demand for car roof racks is the noticeable increase in customer interest in adventure sports and tourism activities, which is supported by the growing tourism industry. Globally, tourists spend money on accessories that are required as part of the allied activity, such as canoes for canoeing, bikes for biking, hang gliding equipment, and other such adventure activities. As a result, it is difficult for individuals to transport those items in their automobiles because there is limited space within the vehicle for passengers and accessories. Automotive roof racks give the service of carrying luggage and equipment, promoting increased vehicle interior space for comfortable tourist travel.

• Increased Overall Vehicle Weight Limits Market Growth by Reducing Fuel Efficiency (Available on- https://www.cognitivemarketresearch.com/car-roof-rack-market-report)

Market Segmentation:

Product Type:

• Roof Mount
• Raised Rail
• Bike Racks

Material Type:

• Composite Plastic
• Aluminium Alloys
• Other

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Competitive Analysis of Car Roof Rack Market:

麦格纳国际 , 敏实集团 , VDL Hapro B.V. , Yakima Products , Atera , Rhino-Rack , Bosal Energy , JAC Products

(Available on- https://www.cognitivemarketresearch.com/car-roof-rack-market-report)

Regional Analysis:

According to Cognitive Market Research, North America controls a major chunk of the market. North America is predicted to have the largest market for automobile roof racks over the research period due to the increasing requirement for extra trunk space, as well as the rise of tourism and off-road trails. Nonetheless, the United States is one of the world’s largest vehicle markets. Automobile manufacturers from Europe, Japan, and Korea have made considerable investments in the area to construct manufacturing and research and development facilities and grow their market share.

News:

• August 2021,?Polaris Inc., a manufacturer of motorcycles, snowmobiles, ATVs, and small EVs in the United States, cooperated with Rhino-Rack. This agreement allows Polaris customers to order a new Polaris vehicle with a roof rack that is specifically tailored for the curves.
• January 2020,?Minth Group invested USD 87 million in a new facility on the company’s Lewisburg, Tennessee, property. The facility is scheduled to be finished by the end of 2021. Minth North America Ltd. operates in the United States and designs and manufactures structural body and trim parts for vehicles.
• September 2022, Cruz, Cruzber’s Spanish rack brand, introduced many new products at Automechanika Frankfurt, including the CRUZ Stema (towbar bike rack), Cruz FIX Feet, CRUZ Tailo (multi-functional towbar platform), CRUZ ladder Clamp (ladder fitting system), and Cruz Pipe Carrier.
• March 2022, Rhino-Rack US LLC introduced Reconn-Deck truck bed solutions. The systems can be tailored to the customer’s specifications and tested for City Crash and rough road durability. The system also complies with the most modern ISO standards.

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