Market Overview:
The global automotive roof rails market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018-2030), according to a new study by Transparency Market Research (TMR). The market is expected to be worth US$ 3,521.4 Mn by 2030 end. The global automotive roof rails market has been segmented on the basis of type, application and region. On the basis of type, the aluminum alloy segment is anticipated to account for a major share of the global automotive roof rails market in 2018. This can be attributed to its properties such as high strength-to-weight ratio and corrosion resistance which make it suitable for use in automobiles.
Product Definition:
A roof rail is a metal bar that protrudes from the side of a car's roof and is used to hold or attach objects.
Aluminum Alloy:
Aluminum alloys are a group of metals that have similar properties. They can be combined with each other to get desired properties. The most common aluminum alloy is Aluminum-Bronze which has 75% of aluminum and 25% of tin. It gives the product corrosion resistance, ductility, and high strength at low cost compared to other materials such as steel or iron.
Composite Plastic:
Composite plastic is a combination of two or more polymers, which are blended together to form a new material with unique properties. The most common types of composite plastics include thermoplastic and thermoset composites. Thermoplastic composites are made from two different materials that have been blended together; while thermoset composites consist of one polymer only that has been heated and then allowed to cool before being molded into the desired shape.
Application Insights:
OEMs such as Ford Motor Company, General Motors Company and Toyota Motor Corporation produce their vehicles with the option of roof rails. The aftermarket segment is expected to witness significant growth over the forecast period owing to rising demand for accessories and vehicle modifications. Consumers prefer buying vehicles with accessories that enhance the aesthetic appeal of a vehicle, which in turn is likely to propel product demand in this segment.
The OEM application accounted for more than 50% market share in 2017 on account of extensive production by these companies across various regions coupled with growing sales volumes globally. Moreover, several automotive manufacturers are offering incentives & discounts on purchasing an all-terrain vehicle (ATV) or off-road vehicle (ORV) along with a utilityvehicle or van equippedwith roof rails among other add-ons thereby driving product demand from OEMs side.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing demand for aftermarket accessories and vehicles, especially in U.S., which has a high number of luxury car manufacturers such as BMW, Audi, Mercedes Benz and others.
Asia Pacific is projected to grow at the highest CAGR during the forecast period owing to rising disposable income among consumers along with growing sales of premium cars in China.
Europe accounted for more than 25% share in 2017 owing to increased demand from Germany, Italy.
Growth Factors:
- Increasing demand for SUVs and crossovers
- Rising disposable income of consumers
- Technological advancements in automotive roof rails manufacturing process
- Growing popularity of roof racks as a means to carry extra cargo
- Proliferation of online retail platforms that offer discounts on automotive roof rails
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Roof Rails Market Research Report
By Type
Aluminum Alloy, Composite Plastic, Others
By Application
OEM, Aftermarket
By Companies
VDL Hapro, Thule Group, BOSAL, Magna International, Rhino-Rack, MINTH Group, JAC Products, Cruzber, Yakima Products, Atera GmbH
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Roof Rails Market Report Segments:
The global Automotive Roof Rails market is segmented on the basis of:
Types
Aluminum Alloy, Composite Plastic, 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
OEM, Aftermarket
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:
- VDL Hapro
- Thule Group
- BOSAL
- Magna International
- Rhino-Rack
- MINTH Group
- JAC Products
- Cruzber
- Yakima Products
- Atera GmbH
Highlights of The Automotive Roof Rails 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:
- Aluminum Alloy
- Composite Plastic
- Others
- By Application:
- OEM
- Aftermarket
- 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 Rails 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
- Identifying Appropriate Advertising Appeals
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 rails are a type of accessory that is typically installed on the roof of a car or truck. They are designed to help keep the vehicle from rolling off of the roof during high-speed accidents.
Some of the key players operating in the automotive roof rails market are VDL Hapro, Thule Group, BOSAL, Magna International, Rhino-Rack, MINTH Group, JAC Products, Cruzber, Yakima Products, Atera GmbH.
The automotive roof rails market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Roof Rails 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 Rails Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Roof Rails 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 Rails 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 Rails Market Size & Forecast, 2018-2028
4.5.1 Automotive Roof Rails Market Size and Y-o-Y Growth
4.5.2 Automotive Roof Rails Market Absolute $ Opportunity
Chapter 5 Global Automotive Roof Rails 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 Automotive Roof Rails Market Size Forecast by Type
5.2.1 Aluminum Alloy
5.2.2 Composite Plastic
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Roof Rails 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 Automotive Roof Rails Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Roof Rails 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 Rails 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 Automotive Roof Rails Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Roof Rails 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 Automotive Roof Rails Market Size Forecast by Type
9.6.1 Aluminum Alloy
9.6.2 Composite Plastic
9.6.3 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 Automotive Roof Rails Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
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 Automotive Roof Rails Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Roof Rails 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 Automotive Roof Rails Market Size Forecast by Type
10.6.1 Aluminum Alloy
10.6.2 Composite Plastic
10.6.3 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 Automotive Roof Rails Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
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 Automotive Roof Rails Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Roof Rails 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 Automotive Roof Rails Market Size Forecast by Type
11.6.1 Aluminum Alloy
11.6.2 Composite Plastic
11.6.3 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 Automotive Roof Rails Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
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 Automotive Roof Rails Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Roof Rails 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 Automotive Roof Rails Market Size Forecast by Type
12.6.1 Aluminum Alloy
12.6.2 Composite Plastic
12.6.3 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 Automotive Roof Rails Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
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) Automotive Roof Rails Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Roof Rails 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) Automotive Roof Rails Market Size Forecast by Type
13.6.1 Aluminum Alloy
13.6.2 Composite Plastic
13.6.3 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) Automotive Roof Rails Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
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 Rails Market: Competitive Dashboard
14.2 Global Automotive Roof Rails Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VDL Hapro
14.3.2 Thule Group
14.3.3 BOSAL
14.3.4 Magna International
14.3.5 Rhino-Rack
14.3.6 MINTH Group
14.3.7 JAC Products
14.3.8 Cruzber
14.3.9 Yakima Products
14.3.10 Atera GmbH
