Market Overview:
The global car luggage rack market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles and passenger cars, and rising awareness about safety among consumers. The global car luggage rack market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into aluminum alloy racks, composite plastic racks, and others (including steel racks). Composite plastic racks are expected to witness high growth during the forecast period owing to their lightweight properties and durability. On the basis of application, commercial vehicles are expected to account for a larger share in terms of revenue in 2018 as compared with passenger cars; however, passenger cars are projected to witness higher growth rates duringthe forecast period due tot he increasing demand for luxury cars globally.
Product Definition:
A luggage rack is a metal frame that is affixed to the roof of a car and can be used to hold luggage. This is especially important when traveling, as it can free up space in the car's interior and prevent items from being damaged.
Aluminum Alloy:
Aluminum alloys are materials consisting of two or more metals that are combined by melting and solidifying. The product is widely used in the automotive industry for manufacturing car lids, wheel covers, bumpers and interior trim components among others. Aluminum alloy finds application in various industries due to its properties such as corrosion resistance, strength and lightweight among others.
Composite Plastic:
Composite plastic is a combination of two or more polymers, which are blended together to form a unique material. The most common types of composite plastics include vinyl ester and nylon resin. These resins are combined in different ratios to create materials with varied properties. For instance, the ratio of vinyl ester to nylon can be used for creating rigid materials or flexible ones that can be molded into various shapes according to requirements.
Application Insights:
The passenger car application segment accounted for the largest revenue share of over 70% in 2017. The demand for passenger car luggages is generally higher than that of commercial vehicles due to a larger number of passengers traveling together. Moreover, increasing penetration of e-commerce has resulted in an increased sales volume for passenger cars which has boosted the demand further.
Increasing disposable income and standard of living have led to an increase in the number and size of family members around the world. This factor is projected to boost market growth over the forecast period as people prefer buying multiple sets of luggage with different sizes so as to accommodate all family members¢â‚¬â„¢ needs on a single trip including kids and women travelers who require specific requirements regarding their travel gear during pregnancy or while breastfeeding babies at home or abroad without any difficulty whatsoever owing to advanced features such as expandable space, comfort grip handles, extra durable wheels etc., thereby driving industry expansion over next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing demand for passenger cars and rising adoption of electric vehicles in U.S., Mexico, and Canada. Moreover, growing popularity of recreational vehicle (RV) travel is also expected to boost product demand over the next eight years.
Europe accounted for a significant share in terms of revenue as well as volume in 2017 on account of high sales volumes generated by Germany and UK automotive manufacturers within Europe coupled with strong presence of aftermarket service providers operating across major markets including France, Italy, Spain, Belgium & Netherlands.
Growth Factors:
- Increasing demand for car luggage racks from the tourism sector as it offers a convenient way to carry luggage while travelling.
- Growing popularity of SUVs and other luxury vehicles that offer ample space for installing a car luggage rack.
- Rising number of women drivers who prefer using a car luggage rack to store their belongings safely while driving.
- Introduction of innovative designs and features in car luggage racks that make them more user-friendly and versatile.
- Increasing demand for custom-made or personalized car luggage racks from consumers who want to stand out from the crowd
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Luggage Rack Market Research Report
By Type
Aluminum Alloy, Composite Plastic, Others
By Application
Commercial Vehicle, Passenger Car
By Companies
Thule, Yakima, Allen Sports, Rhino Rack, Curt, Smitty Bilt, Malone Auto Racks, Kuat Car Racks, Right Line Gear, Saris, Bike Rack Company, Roof Box
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Car Luggage Rack Market Report Segments:
The global Car Luggage Rack 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
Commercial Vehicle, Passenger Car
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
- Yakima
- Allen Sports
- Rhino Rack
- Curt
- Smitty Bilt
- Malone Auto Racks
- Kuat Car Racks
- Right Line Gear
- Saris
- Bike Rack Company
- Roof Box
Highlights of The Car Luggage Rack 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:
- Commercial Vehicle
- Passenger Car
- 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 Car Luggage Rack 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?
A car luggage rack is a mounting bracket that attaches to the inside of a vehicle's trunk lid. It allows passengers to safely and securely store their luggage while they are driving.
Some of the major companies in the car luggage rack market are Thule, Yakima, Allen Sports, Rhino Rack, Curt, Smitty Bilt, Malone Auto Racks, Kuat Car Racks, Right Line Gear, Saris, Bike Rack Company, Roof Box.
The car luggage rack 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 Car Luggage Rack 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 Car Luggage Rack Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Luggage Rack 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 Car Luggage Rack 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 Car Luggage Rack Market Size & Forecast, 2018-2028
4.5.1 Car Luggage Rack Market Size and Y-o-Y Growth
4.5.2 Car Luggage Rack Market Absolute $ Opportunity
Chapter 5 Global Car Luggage Rack 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 Car Luggage Rack 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 Car Luggage Rack 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 Car Luggage Rack Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Luggage Rack 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 Car Luggage Rack 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 Car Luggage Rack Analysis and Forecast
9.1 Introduction
9.2 North America Car Luggage Rack 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 Car Luggage Rack 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 Car Luggage Rack Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Car
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 Car Luggage Rack Analysis and Forecast
10.1 Introduction
10.2 Europe Car Luggage Rack 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 Car Luggage Rack 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 Car Luggage Rack Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Car
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 Car Luggage Rack Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car Luggage Rack 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 Car Luggage Rack 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 Car Luggage Rack Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Car
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 Car Luggage Rack Analysis and Forecast
12.1 Introduction
12.2 Latin America Car Luggage Rack 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 Car Luggage Rack 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 Car Luggage Rack Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Car
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) Car Luggage Rack Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car Luggage Rack 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) Car Luggage Rack 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) Car Luggage Rack Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Car
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 Car Luggage Rack Market: Competitive Dashboard
14.2 Global Car Luggage Rack Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thule
14.3.2 Yakima
14.3.3 Allen Sports
14.3.4 Rhino Rack
14.3.5 Curt
14.3.6 Smitty Bilt
14.3.7 Malone Auto Racks
14.3.8 Kuat Car Racks
14.3.9 Right Line Gear
14.3.10 Saris
14.3.11 Bike Rack Company
14.3.12 Roof Box
