Global Automotive Roof Rack Market Research Report - Forecast to 2025
Published | June 2019
According to the BlueWeave Consulting, The Global Automotive Roof Rack Market is expected to grow with a significant rate over the forecast period, 2019-2025, owing to Increasing investment in the tourism sector, increasing the production of vehicle and rising disposable income are aggrandizing.
The automotive roof rack refers to a roof carrier, which is being used for carrying heavy objects for transportation with the objective of reducing the boot space for the occupant. Automotive roof racks are mostly used for effective transportation of load while traveling. The rise in number of tourists across the world and increase in disposable income are vital factors expected to fuel the global automotive roof rack market in the future timeline.
In addition, growing demand for extra luggage space and increasing enthusiasm for recreational activities and tourism are factors expected to boom the global automotive roof rack market. Furthermore, upsurge in the high standard of living and rising disposable incomes have enabled consumers to use vehicles, which have all the aftermarket products fitted for effective use of their automobiles are anticipated to influence the global automotive roof rack market in the upcoming period. Moreover, increase in fuel consumption and increase in weight of the vehicle due to the application of the heavy roof racks on the top of the vehicle will propel the growth of the global automotive roof rack market in the future timeline.
Based on Product type, the global automotive roof rack market is segmented as Roof Mount, Raised Rail, Gutter, and Others. Raised Rail is expected to dominate the market owing to its uses to distribute the load on the entire rack equally, while ensuring the roof does not get damaged.
On the basis of material, the automotive roof rack market is categorized into Aluminum Alloy, Composite Plastic and Others. Aluminum Alloy is projected to lead the market in the account of their better hardware, and variable height fitting kits.
By application, the automotive roof rack market is classified into passenger car and commercial vehicles. Passenger car will dominate the market due to the huge surge in sales of cars coupled with rise in disposables incomes across the globe.
On the basis of region, the automotive roof rack market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounts for the lion’s share of the automotive roof rack market owing to increasing automotive vehicle production and heavily invested in the tourism sector. The Asia Pacific will be the fastest growing market due to significant growth in the automotive sector and transportation sector.
The key players of automotive roof rack market include Thule Group, Magna International, Inc., VDL Hapro bv, MINTH Group Limited, Cruzber S.A, Atera Gmb, Rhino-Rack, BOSAL, JAC Products and Yakima Products Inc.
Objective of global Automotive Roof Rack Market Analysis & Forecast, from 2019 to 2025:
• To provide insights about factors influencing and affecting the market growth.
• To provide historical and forecast revenue of the market segments as well as sub-segments with respect to regional markets and their key countries.
• To provide historical and forecast revenue of the market segments based on type, material and application.
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute
• Potential investors
• Key executive (CEO and COO) and strategy growth manager.
The regional analysis also includes
The reports also cover country level analysis:
· Rest of Europe
Asia – Pacific
· Rest of Asia-Pacific
· Rest of Latin America
Middle East & Africa
· Saudi Arabia
· Rest of MEA