The automotive roof racks market share is projected to grow at a 5.9% CAGR to reach 2215.4 million by 2030. The increase in production of vehicles as well as growing investment in the tourism industry are the key driving factors for the global automotive roof racks market and are estimated to boost the growth.
Analysts studying the automotive roof racks market have also
shared growth projections in the automotive roof racks market research report
and have suggested automotive roof racks market-based companies to develop
growth strategies. Fluctuating prices of materials used and extreme weather
conditions are the challenges that companies across the automotive roof racks
market could face. The details covered in the automotive roof racks market
report cover all the aspects of the industry.
Automotive Roof Racks Market Segmentation
The global automotive roof racks market has been segmented based
on application, material, and type. On the basis of application, the market for
automotive roof racks is segmented based on commercial vehicles and passenger
cars. Additionally, the market on the basis of material, is segmented into
composite plastic, aluminum alloy, and others. The global market for automotive
roof racks is also covered based on type segment which is further split into
gutter, raised rail, roof mount, and others.
Factors like the rise in the use of roof racks in cars and rising
sales of vehicle propel the automotive roof racks market growth. The automotive
roof racks market performance has also been studied. The automotive roof racks
market report provides analysis of past and current trends. In addition to
this, the automotive roof racks market report offers detailed analysis of
application, material, and type segments.
The market segmental analysis provided in the automotive roof
racks market research report offers crucial details about the automotive roof
racks market based on the data and forecasts till 2023.
Automotive Roof Racks Market Key Players
- VDL
Hapro bv (Netherlands)
- BOSAL
(Belgium)
- MINTH
Group Limited (China)
- Magna
International Inc.(Ontario)
- Yakima
Products Inc. (U.S.)
- Thule
Group (Sweden)
- Atera
Gmbh (Germany)
- JAC
Products (U.S.)
- Cruzber
S.A (Spain)
- Rhino-Rack
(U.S.)
Automotive Roof Racks Market Regional Overview
The automotive roof racks market report covers companies
functional in the automotive roof racks market spread across regional markets
of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The
regional analysis of the automotive roof racks market can be found in the
market research report. The North American automotive roof racks market has
several key players functioning in the United States, Canada, and Mexico.
Europe has companies in the automotive roof racks market across
Germany, France, Spain, Italy, and the United Kingdom. The automotive roof
racks market of the Middle East, Africa, and other regions has also been
studied by analysts. A detailed analysis of the automotive roof racks market
across India, China, and Japan in the Asia-Pacific region is also available for
further study.
Automotive Roof Racks Market Competitive Landscape
The automotive roof
racks market is corroborated by increase in disposable income. The
population growth as well as increasing demand of automotive roof racks market
based solutions also accelerate the market growth. However, the automotive roof
racks market can be affected due to low-budget spacious vehicles as well as
lack of demand in some countries. The automotive roof racks market research
report covers all such factors assisting companies in the automotive roof racks
market to improve their plans and portfolio.
The automotive roof racks market research report also provides
company profiles of major businesses. The automotive roof racks market report
highlights key information about SMEs and large enterprises operating across
Europe, Asia-Pacific, North America, and the rest of the world regional
automotive roof racks markets.
The details available in the automotive
roof racks market report cover company strategies, revenue, company size,
and mergers and acquisitions in the automotive roof racks market. New entrants
as well as established organizations can use the data from the automotive roof
racks market report to further plan their strategies.
Automotive Roof Racks Industry News
LEVC recently confirmed that it will provide tailor-made racking
systems for its latest VN5 electric vans as the designated certified UK and
Europe converter. The Bott Group is a global leader in producing and
distributing vehicle machinery, workshop facilities and workplace services.
The technical / service engineer framework is the first form of
conversion produced for LEVC. This includes the modular bottom vario 3 rack
system, which ensures that the system is 15 percent lighter than previous
generation devices. The super light system is constructed from aluminum and
plastic.
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