Market Overview:
The global automotive roof racks market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 5.5% over the forecast period (2018-2030), according to a new study by Transparency Market Research (TMR). The market is expected to be worth US$ 3,584.4 Mn by 2030 end. The growth of the global automotive roof racks market can primarily be attributed to the increasing demand for SUVs and other vehicles that require additional storage space. In addition, rising awareness about the benefits of using automotive roof racks among consumers is also fuelling demand for these products globally. Furthermore, technological advancements in this field are also propelling growth of the global automotive roof racks market.
Product Definition:
A roof rack is a structure mounted on or integral to the roof of a motor vehicle, for carrying cargo. Roof racks provide extra storage capacity and can be used to transport items that do not fit inside the vehicle.
Roof Mount:
Roof mount systems are used to secure the cargo and can be easily accessed. It is mostly used for carrying small to medium-sized items such as tools, spare parts, chemicals, electronics equipment or even passengers. The market size of roof racks in automotive is expected to grow at a significant rate over the forecast period owing to its increasing usage in passenger cars and commercial vehicles.
Raised Rail:
The raised rail is a type of roof rack that is usually found on medium to large-sized vehicles. The design of the raised rail varies according to the vehicle model. It can be fixed directly to the vehicle’s roof or it can be mounted on a cross-car system. Raised rails are gaining popularity due to their versatility and ability to carry heavy loads without affecting driving dynamics.
Application Insights:
The commercial vehicles segment led the global automotive roof racks market in 2017. This is attributed to the growing demand for automobiles across various industries such as public transportation, logistics, and emergency services. Moreover, increasing penetration of commercial vehicles in developing countries including India and China on account of rising employment rates is expected to drive the product demand over the forecast period.
Passenger cars accounted for a major share in 2017 owing to increased consumer spending on luxury goods including sports cars and premium compact cars among other passenger vehicle types such as mini trucks and SUV's. In addition, an increase in per capita income has resulted in a rise passenger car ownership globally which further drives product demand from this segment. Increasing disposable income coupled with rising purchasing power along with improved standard of living have resulted in an increased number of travelers worldwide driving or riding their own vehicle especially during weekends or holidays away from home thus fueling market growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing demand for passenger cars and light commercial vehicles in countries, such as U.S., Canada, and Mexico.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising disposable income among consumers along with growing automotive industry especially after China entered into’s industrial reform program initiated by the government'.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for automobiles: The global automotive market is expected to grow at a CAGR of 4.5% from 2016 to 2020, reaching a value of US trillion by 2020. This growth is primarily attributed to the increasing demand for automobiles in developing countries such as China and India.
- Rising income levels: Rising income levels are resulting in an increase in the number of luxury car buyers, thereby driving the demand for roof racks.
- Technological advancements: The introduction of new technologies, such as automatic opening and closing systems, has led to an increase in the adoption rate of roof racks among consumers.
- Growing popularity of outdoor activities: There has been a growing trend among consumers towards engaging in outdoor activities such as camping and hiking, which is fueling the demand for automotive roof racks worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Roof Racks Market Research Report
By Type
Roof Mount, Raised Rail, Gutter, Others
By Application
Commercial Vehicles, Passenger Cars
By Companies
Thule Group, Magna International, VDL Hapro, MINTH Group, Cruzber, Atera, Rhino-Rack, BOSAL, JAC Products, Yakima Products, Thule Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Roof Racks Market Report Segments:
The global Automotive Roof Racks market is segmented on the basis of:
Types
Roof Mount, Raised Rail, Gutter, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicles, Passenger Cars
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thule Group
- Magna International
- VDL Hapro
- MINTH Group
- Cruzber
- Atera
- Rhino-Rack
- BOSAL
- JAC Products
- Yakima Products
- Thule Group
Highlights of The Automotive Roof Racks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Roof Mount
- Raised Rail
- Gutter
- Others
- By Application:
- Commercial Vehicles
- Passenger Cars
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Roof Racks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive roof racks are a type of accessory that is installed on the roof of a vehicle to carry cargo. They can be used for carrying items like bikes, kayaks, or camping gear.
Some of the major companies in the automotive roof racks market are Thule Group, Magna International, VDL Hapro, MINTH Group, Cruzber, Atera, Rhino-Rack, BOSAL, JAC Products, Yakima Products, Thule Group.
The automotive roof racks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Roof Racks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Roof Racks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Roof Racks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Roof Racks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Roof Racks Market Size & Forecast, 2020-2028
4.5.1 Automotive Roof Racks Market Size and Y-o-Y Growth
4.5.2 Automotive Roof Racks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Roof Mount
5.2.2 Raised Rail
5.2.3 Gutter
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Vehicles
6.2.2 Passenger Cars
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Roof Racks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Roof Racks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Roof Mount
9.6.2 Raised Rail
9.6.3 Gutter
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Vehicles
9.10.2 Passenger Cars
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Roof Mount
10.6.2 Raised Rail
10.6.3 Gutter
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Vehicles
10.10.2 Passenger Cars
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Roof Mount
11.6.2 Raised Rail
11.6.3 Gutter
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Vehicles
11.10.2 Passenger Cars
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Roof Mount
12.6.2 Raised Rail
12.6.3 Gutter
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Vehicles
12.10.2 Passenger Cars
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Roof Mount
13.6.2 Raised Rail
13.6.3 Gutter
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Vehicles
13.10.2 Passenger Cars
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Roof Racks Market: Competitive Dashboard
14.2 Global Automotive Roof Racks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thule Group
14.3.2 Magna International
14.3.3 VDL Hapro
14.3.4 MINTH Group
14.3.5 Cruzber
14.3.6 Atera
14.3.7 Rhino-Rack
14.3.8 BOSAL
14.3.9 JAC Products
14.3.10 Yakima Products
14.3.11 Thule Group
