Market Overview:
The global car racks 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 roof racks, ski racks, roof boxes, water sport carriers and bike car racks across the globe. Additionally, the growing trend of online retail is also propelling the growth of this market. However, high installation and replacement costs may restrain the growth of this market in some regions. On the basis of type, roof rack held a major share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to their easy installation process and low cost as compared to other types of car racks such as ski rack or bike car rack.
Product Definition:
A car rack is a device that holds equipment or luggage on the roof of a car. It can be used to carry items such as skis, kayaks, or bikes. Car racks are often necessary for transporting large items or when there is not enough space inside the vehicle. They can also improve safety by keeping cargo away from the windshield and keeping it from obstructing the driver's view.
Roof Rack:
Roof rack is a structure that is fixed on top of the car. It has several advantages over traditional roof storage systems such as it's easy to install, it saves fuel consumption, and it provides additional carrying capacity for luggage or goods. Roof racks are available in various types including cross-car, side-by-side, front-, and rear-mounted racks.
Ski Rack:
Skis are long, narrow, and flat pieces of wood or metal with two parallel cut sides that are used to propel a device called a “skier” down snow-covered roads or fields. Skis have been in use since the early 20th century and were initially used by Alpine guides to carry tourists on ski trips. The first purpose-built ski lift was built in 1936 in Switzerland, followed by many more across Europe and North America.
Application Insights:
The online retail application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the growing e-commerce industry and consumers preference for purchasing products through online channels. Car owners prefer buying accessories and equipment through online marketplaces, as they offer various add-on options that were not possible earlier. For instance, customers can avail discounts on purchases if they are ready to pay via credit card or PayPal instead of cash in person at the time of purchase.
Online retailers also benefit from this trend as many car owners opt for payment by cheque or money order directly into their bank accounts which delays the actual delivery date by a few weeks until banks process these orders manually. Consumers usually have a choice between two types of car racks when it comes to shopping on websites; roof box type which holds one item (e.g.
Regional Analysis:
North America dominated the global car racks market in 2017 owing to the presence of a large number of key players such as Thule Group, Inc., Yakima Corporation, and Cycletracks. The region is expected to maintain its dominance over the forecast period. Increasing demand for premium cars in countries such as U.S., Canada, and Mexico is one major factor responsible for regional growth.
Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due to increasing disposable income levels coupled with rising vehicle penetration rates especially in China.
Growth Factors:
- Increasing demand for car racks from the automotive sector as a result of the growth in the number of cars and their usage.
- The increasing popularity of outdoor activities, such as camping, cycling, and skiing, is driving demand for car racks.
- The growing trend of using vehicles for commercial purposes is also contributing to market growth.
- Technological advancements in car rack design and manufacturing are resulting in better products that are easier to use and more durable. This is attracting consumers to buy these products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Racks Market Research Report
By Type
Roof Rack, Ski Rack, Roof Box, Water Sport Carrier, Bike Car Rack
By Application
Online Retail, Offline Retail
By Companies
Allen Sports, Thule, Yakima Products, Atera, CARMATE, HandiWorld, JAC Products, KAMEI, Küat, Malone Auto Racks, Allen Sports, Rhino-Rack
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Car Racks Market Report Segments:
The global Car Racks market is segmented on the basis of:
Types
Roof Rack, Ski Rack, Roof Box, Water Sport Carrier, Bike Car Rack
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
Online Retail, Offline Retail
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:
- Allen Sports
- Thule
- Yakima Products
- Atera
- CARMATE
- HandiWorld
- JAC Products
- KAMEI
- Küat
- Malone Auto Racks
- Allen Sports
- Rhino-Rack
Highlights of The Car 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 Rack
- Ski Rack
- Roof Box
- Water Sport Carrier
- Bike Car Rack
- By Application:
- Online Retail
- Offline Retail
- 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 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
- 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 rack is a device that attaches to the back of a vehicle and allows for storage of items.
Some of the major companies in the car racks market are Allen Sports, Thule, Yakima Products, Atera, CARMATE, HandiWorld, JAC Products, KAMEI, KƒÂ¼at, Malone Auto Racks, Allen Sports, Rhino-Rack.
The car racks 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 Car 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 Car Racks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car 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 Car 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 Car Racks Market Size & Forecast, 2018-2028
4.5.1 Car Racks Market Size and Y-o-Y Growth
4.5.2 Car Racks Market Absolute $ Opportunity
Chapter 5 Global Car Racks 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 Racks Market Size Forecast by Type
5.2.1 Roof Rack
5.2.2 Ski Rack
5.2.3 Roof Box
5.2.4 Water Sport Carrier
5.2.5 Bike Car Rack
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Car Racks 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 Racks Market Size Forecast by Applications
6.2.1 Online Retail
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car 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 Car 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 Car Racks Analysis and Forecast
9.1 Introduction
9.2 North America Car Racks 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 Racks Market Size Forecast by Type
9.6.1 Roof Rack
9.6.2 Ski Rack
9.6.3 Roof Box
9.6.4 Water Sport Carrier
9.6.5 Bike Car Rack
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 Racks Market Size Forecast by Applications
9.10.1 Online Retail
9.10.2 Offline Retail
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 Racks Analysis and Forecast
10.1 Introduction
10.2 Europe Car Racks 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 Racks Market Size Forecast by Type
10.6.1 Roof Rack
10.6.2 Ski Rack
10.6.3 Roof Box
10.6.4 Water Sport Carrier
10.6.5 Bike Car Rack
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 Racks Market Size Forecast by Applications
10.10.1 Online Retail
10.10.2 Offline Retail
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 Racks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car Racks 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 Racks Market Size Forecast by Type
11.6.1 Roof Rack
11.6.2 Ski Rack
11.6.3 Roof Box
11.6.4 Water Sport Carrier
11.6.5 Bike Car Rack
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 Racks Market Size Forecast by Applications
11.10.1 Online Retail
11.10.2 Offline Retail
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 Racks Analysis and Forecast
12.1 Introduction
12.2 Latin America Car Racks 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 Racks Market Size Forecast by Type
12.6.1 Roof Rack
12.6.2 Ski Rack
12.6.3 Roof Box
12.6.4 Water Sport Carrier
12.6.5 Bike Car Rack
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 Racks Market Size Forecast by Applications
12.10.1 Online Retail
12.10.2 Offline Retail
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 Racks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car Racks 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 Racks Market Size Forecast by Type
13.6.1 Roof Rack
13.6.2 Ski Rack
13.6.3 Roof Box
13.6.4 Water Sport Carrier
13.6.5 Bike Car Rack
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 Racks Market Size Forecast by Applications
13.10.1 Online Retail
13.10.2 Offline Retail
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 Racks Market: Competitive Dashboard
14.2 Global Car Racks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allen Sports
14.3.2 Thule
14.3.3 Yakima Products
14.3.4 Atera
14.3.5 CARMATE
14.3.6 HandiWorld
14.3.7 JAC Products
14.3.8 KAMEI
14.3.9 Küat
14.3.10 Malone Auto Racks
14.3.11 Allen Sports
14.3.12 Rhino-Rack
