Automotive Roof Racks Market Overview:
Various factors are propelling the global Automotive Roof Racks
Market Shareshare. As per the current MRFR report, such factors include low
maintenance cost, low operational cost, flexibility, development of durable and
lightweight roof racks by manufacturers to cut down the weight of the car, an
increasing number of tourists worldwide, rise in disposable income, and
increasing preference for recreational and outdoor activities.
On the contrary, the rise in fuel consumption, increase in car
weight for the use of heavy roof racks, and the ongoing COVID-19 impact are
factors that may limit the global Automotive Roof Racks Market Sharegrowth over
the forecast period.
The global Automotive Roof Racks Market
share is predicted to develop at a healthy 6.69% CAGR between 2023-
2030, states the recent Market Research Future (MRFR) analysis. An automotive
roof rack, simply put, is a carrier or stand that is fixed over the car top for
holding or supporting goods or luggage on the top of the car for effective
transportation at the time of traveling. Automotive roof racks include pillars,
rail, and mount. It is generally made of composite plastic, aluminum alloy, and
others and finds wide applications in passenger cars as well as commercial
vehicles.
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Roof Racks Market
Automotive Roof Racks Market Share Key Players
Yakima Products Inc. (U.S.)
· JAC Products (U.S.)
· BOSAL (Belgium)
· Rhino-Rack (U.S.)
· Atera GmbH (Germany)
· Cruzber S.A (Spain)
· MINTH Group Limited (China)
· VDL Hapro BV (Netherlands)
· Magna International, Inc. (Ontario)
· Thule Group (Sweden)
Automotive Roof Racks Market Share Segmentation
·
The MRFR report offers an inclusive segmental
analysis of the global Automotive Roof Racks Market Sharebased on type,
material, and application.
·
By type, the global Automotive Roof Racks Market
Shareis segmented into roof mount, gutter, rail raised, and others.
·
By material, the global Automotive Roof Racks Market
Shareis segmented into composite plastic, aluminum alloy, and others.
·
By application, the global Automotive Roof Racks
Market Shareis segmented into passenger cars and commercial vehicles. Of these,
commercial vehicles will lead the market over the forecast period.
Regional Analysis
Based on the region, the global Automotive Roof Racks Market
Sharereport covers the growth opportunities and recent trends across the Asia
Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Among
these, North America will spearhead the market over the forecast period.
Increasing adoption of cycling, especially in the US, the growing use of
snowboards, rising sales of passenger cars, burgeoning demand for new cars,
shifting preference of auto manufacturers to higher-value pickups & SUVs
from small cars, and low fuel price and low-interest rate in the automotive
market in the US are adding to the global Automotive Roof Racks Market Sharegrowth
in the region.
China will hold the maximum share in the market over the
forecast period as it is a key automotive market, increased production of
commercial and passenger cars in China, rising production of cars, and new
& trade-friendly policies developed by car makers in China.
The global Automotive Roof Racks Market Sharein
Europe is predicted to have the second-largest share over the forecast period.
Booming automotive sector is adding to the global Automotive Roof Racks Market
Sharegrowth over the forecast period.
The global Automotive Roof Racks Market Sharein the APAC region
is predicted to have favorable growth over the forecast period. Increase in car
production, growing sales of cars for the boost in disposable income,
burgeoning demand for cars from the tourism industry, and the booming tourism
sector are adding to the global Automotive Roof Racks Market Sharegrowth in the
region.
The global Automotive
Roof Racks Market in the RoW is predicted to have
sound growth over the forecast period.
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