Market Overview:
The global bike racks & carriers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for bikes as a mode of transportation, coupled with the rising popularity of cycling as a recreational activity. In addition, the growing awareness about the health benefits associated with cycling is also propelling the demand for bike racks & carriers globally. The global bike racks & carriers market can be segmented on the basis of type into rear mounted bike racks & carriers, roof mounted bike racks & carriers and towbar mounted bike racks & carriers. Among these, rear mounted bike rack systems are expected to account for a major share in terms of revenue in 2018 and are projected to maintain their dominance duringthe forecast period as well owingto their low cost and easy installation process. Roof-mounted systems are witnessing high adoption rates due to their abilityto store multiple bikes at once; however, they tend torequire more space than other typesofbike rack systemsandare generally usedin private places such as homes or offices rather than public places suchas parks or cycle paths . Towbar-mounted systems are gaining popularity owingto their portabilityand easeofuse; however, theygenerally have lower carrying capacitythan other typesofbike rack systemsonly accommodating one or two bikesat once .
Product Definition:
A bike rack or carrier is a device designed to carry bicycles. They are usually attached to the roof, rear door, or bumper of a vehicle.
Rear Mounted Bike Racks & Carriers:
Rear Mounted Bike Racks & Carriers, also known as rear-mounted bike racks or tailgater racks are designed to carry bikes in the back of a van or SUV. The growing trend among consumers to travel with their bicycles on road trips has led to an increase in demand for these types of vehicle mounted bike carriers.
Roof Mounted Bike Racks & Carriers:
Roof-mounted bike racks & carriers are used to carry several bikes on a roof, using hooks or straps. The most common types of roof-mounted bike racks & carriers include crossbars, channel, and integrated type. Crossbar style rack is the most popular one as it offers better security than other types due to its sturdy structure.
Application Insights:
The public places segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing urbanization along with rising disposable income levels in developing countries, such as India and China. Moreover, favorable government policies promoting cycling, such as ¢â‚¬Å“cycling for transportation purposes¢â‚¬ are also encouraging industry players to invest in this space. For instance, according to a study published by Transport Research Laboratory (TRL), cyclists who used cycle paths generated higher revenue than those who rode on roads. Therefore, it can be concluded that public places are more profitable modes of transport compared to other forms of transport owing to high usage rates and greater number of passengers carried per trip.
Non-public places application segment is expected register considerable growth over the forecast period due largely expansionary trend towards development of recreational facilities across various regions including North America.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing awareness regarding bicycle transportation, growing popularity of mountain biking as well as road cycling, and rising disposable income of consumers. Moreover, increasing number of sports events including Olympics 2020 has led to an increase in demand for bike racks & carriers from public places such as railway stations and airports thereby boosting the regional market growth.
North America is anticipated to witness significant growth over the forecast period owing to rise in investments by companies for installation of roof-top mounted bike racks & carriers or towbar mounted bike rack systems on commercial vehicles such as buses or trucks. Furthermore, presence of a large number of Cycleops Inc., Racktime LLC; Rivendell Bicycle Corporation; Bontrager Bike Fitting System; Racks A Carriers Inc.; Yakima Company Ltd.; Thule Group Pty Ltd.
Growth Factors:
- Increasing demand for bicycles as a mode of transportation
- Rising popularity of cycling as a recreational activity
- Growing awareness about the health benefits of cycling
- Government initiatives to promote cycling as a means of reducing pollution and traffic congestion
- Technological advancements in bike rack & carrier design and manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Bike Racks & Carriers Market Research Report
By Type
Rear Mounted Bike Racks & Carriers, Roof Mounted Bike Racks & Carriers, Towbar Mounted Bike Racks & Carriers
By Application
Public Places, Non-public Places
By Companies
Thule Group, Yakima, Swangman, Hollywood, Saris, Kuat, Curt, TracRac, SportRack, Prorack, Thule Group, CAR MATE MFG.CO.,LTD, Halfords, Exodus, Witter
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Bike Racks & Carriers Market Report Segments:
The global Bike Racks & Carriers market is segmented on the basis of:
Types
Rear Mounted Bike Racks & Carriers, Roof Mounted Bike Racks & Carriers, Towbar Mounted Bike Racks & Carriers
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
Public Places, Non-public Places
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
- Yakima
- Swangman
- Hollywood
- Saris
- Kuat
- Curt
- TracRac
- SportRack
- Prorack
- Thule Group
- CAR MATE MFG.CO.,LTD
- Halfords
- Exodus
- Witter
Highlights of The Bike Racks & Carriers 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:
- Rear Mounted Bike Racks & Carriers
- Roof Mounted Bike Racks & Carriers
- Towbar Mounted Bike Racks & Carriers
- By Application:
- Public Places
- Non-public Places
- 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 Bike Racks & Carriers 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
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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?
Bike racks and carriers are devices that allow cyclists to safely store their bicycles while they are not using them. They can be attached to the front or back of a vehicle, or mounted on a post.
Some of the major companies in the bike racks & carriers market are Thule Group, Yakima, Swangman, Hollywood, Saris, Kuat, Curt, TracRac, SportRack, Prorack, Thule Group, CAR MATE MFG.CO.,LTD, Halfords, Exodus, Witter.
The bike racks & carriers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bike Racks & Carriers 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 Bike Racks & Carriers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bike Racks & Carriers 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 Bike Racks & Carriers 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 Bike Racks & Carriers Market Size & Forecast, 2018-2028
4.5.1 Bike Racks & Carriers Market Size and Y-o-Y Growth
4.5.2 Bike Racks & Carriers Market Absolute $ Opportunity
Chapter 5 Global Bike Racks & Carriers 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 Bike Racks & Carriers Market Size Forecast by Type
5.2.1 Rear Mounted Bike Racks & Carriers
5.2.2 Roof Mounted Bike Racks & Carriers
5.2.3 Towbar Mounted Bike Racks & Carriers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bike Racks & Carriers 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 Bike Racks & Carriers Market Size Forecast by Applications
6.2.1 Public Places
6.2.2 Non-public Places
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bike Racks & Carriers 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 Bike Racks & Carriers 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 Bike Racks & Carriers Analysis and Forecast
9.1 Introduction
9.2 North America Bike Racks & Carriers 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 Bike Racks & Carriers Market Size Forecast by Type
9.6.1 Rear Mounted Bike Racks & Carriers
9.6.2 Roof Mounted Bike Racks & Carriers
9.6.3 Towbar Mounted Bike Racks & Carriers
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 Bike Racks & Carriers Market Size Forecast by Applications
9.10.1 Public Places
9.10.2 Non-public Places
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 Bike Racks & Carriers Analysis and Forecast
10.1 Introduction
10.2 Europe Bike Racks & Carriers 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 Bike Racks & Carriers Market Size Forecast by Type
10.6.1 Rear Mounted Bike Racks & Carriers
10.6.2 Roof Mounted Bike Racks & Carriers
10.6.3 Towbar Mounted Bike Racks & Carriers
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 Bike Racks & Carriers Market Size Forecast by Applications
10.10.1 Public Places
10.10.2 Non-public Places
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 Bike Racks & Carriers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bike Racks & Carriers 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 Bike Racks & Carriers Market Size Forecast by Type
11.6.1 Rear Mounted Bike Racks & Carriers
11.6.2 Roof Mounted Bike Racks & Carriers
11.6.3 Towbar Mounted Bike Racks & Carriers
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 Bike Racks & Carriers Market Size Forecast by Applications
11.10.1 Public Places
11.10.2 Non-public Places
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 Bike Racks & Carriers Analysis and Forecast
12.1 Introduction
12.2 Latin America Bike Racks & Carriers 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 Bike Racks & Carriers Market Size Forecast by Type
12.6.1 Rear Mounted Bike Racks & Carriers
12.6.2 Roof Mounted Bike Racks & Carriers
12.6.3 Towbar Mounted Bike Racks & Carriers
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 Bike Racks & Carriers Market Size Forecast by Applications
12.10.1 Public Places
12.10.2 Non-public Places
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) Bike Racks & Carriers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bike Racks & Carriers 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) Bike Racks & Carriers Market Size Forecast by Type
13.6.1 Rear Mounted Bike Racks & Carriers
13.6.2 Roof Mounted Bike Racks & Carriers
13.6.3 Towbar Mounted Bike Racks & Carriers
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) Bike Racks & Carriers Market Size Forecast by Applications
13.10.1 Public Places
13.10.2 Non-public Places
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 Bike Racks & Carriers Market: Competitive Dashboard
14.2 Global Bike Racks & Carriers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thule Group
14.3.2 Yakima
14.3.3 Swangman
14.3.4 Hollywood
14.3.5 Saris
14.3.6 Kuat
14.3.7 Curt
14.3.8 TracRac
14.3.9 SportRack
14.3.10 Prorack
14.3.11 Thule Group
14.3.12 CAR MATE MFG.CO.,LTD
14.3.13 Halfords
14.3.14 Exodus
14.3.15 Witter
