Market Overview:
The global rear & hitch bike 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 bicycles as a mode of transportation, rising popularity of cycling as a recreational activity, and growing awareness about the health benefits associated with cycling. Additionally, government initiatives aimed at promoting cycling are also contributing to the growth of this market. The global rear & hitch bike racks market can be segmented on the basis of type into rear bike racks and hitch bike racks. The rear bike rack segment is expected to account for a larger share in terms of revenue in 2018 owing to its low cost and easy installation compared with hitch bike racks.
Product Definition:
A rear bike rack is a type of bicycle rack that attaches to the rear axle of a bicycle or to the seat post. A hitch bike rack attaches to the receiver hitch on the back of a vehicle.
Rear Bike Racks:
Rear bike racks are used to carry two or more bikes on a vehicle. They are available in various types, sizes and designs. The most common type of rear bike rack is the Thule Group 0 Rack which can carry up to six bikes with ease. It’s made from strong and durable aluminum, which gives it a solid platform for loading and unloading your bicycles easily.
Hitch Bike Racks:
Hitch Bike Racks are used to secure a bicycle to the rear of a vehicle. The product is available in two forms, one with integrated lock and without integrated lock. The racks can be mounted on the rear of any vehicle that has two horizontal crossbars or one vertical pole and one horizontal bar.
Application Insights:
The SUV application segment led the market and accounted for more than 40.0% share of the global revenue in 2017. The growing demand for SUVs is expected to drive the product demand over the forecast period as this vehicle can accommodate a lot of baggage, thus making it convenient for passengers to ride on bicycles along with their luggage.
Rear bike racks are widely used on trucks, while hitch bike racks are mostly seen on passenger cars or light commercial vehicles (LCVs). Growing preference among consumers towards these types of vehicles due to increasing disposable income levels coupled with an increase in LCV sales is expected to fuel industry growth over the forecast period. Hitch bikes offer ease in loading and unloading as compared to folding bicycles that need extra space during transportation owing to their bulkiness.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to growing health consciousness and increasing use of bicycles as a mode of transportation. Moreover, the presence of well-established cycling clubs and events such as Tour de France, Ronde van Vlaanderen, Paris-Roubaix Cycling Classic, Amgen Tour Winther peloton et cetera has created a huge opportunity for hitch bike racks in this region.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income among middle class population groups coupled with government initiatives encouraging people to opt for alternative modes of transport such as hitch biking rather than using private cars or motorcycles. Furthermore, increasing awareness regarding road safety is also anticipated to boost product demand over the next eight years.
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
- Proliferation of e-commerce platforms that offer discounts on bike racks
- Increased spending on outdoor recreation activities
Scope Of The Report
Report Attributes
Report Details
Report Title
Rear & Hitch Bike Racks Market Research Report
By Type
Rear Bike Racks, Hitch Bike Racks
By Application
SUV, Truck, Sedan
By Companies
Thule Group, SARIS CYCLING GROUP, Curt, CAR MATE, Allen Sports, Yakima Products, Atera GmbH, Uebler, Rhino-Rack, Hollywood Racks, Thule Group, Mont Blanc Group, Cruzber, Swagman, Kuat, Alpaca Carriers, RockyMounts
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Rear & Hitch Bike Racks Market Report Segments:
The global Rear & Hitch Bike Racks market is segmented on the basis of:
Types
Rear Bike Racks, Hitch Bike Racks
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
SUV, Truck, Sedan
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
- SARIS CYCLING GROUP
- Curt
- CAR MATE
- Allen Sports
- Yakima Products
- Atera GmbH
- Uebler
- Rhino-Rack
- Hollywood Racks
- Thule Group
- Mont Blanc Group
- Cruzber
- Swagman
- Kuat
- Alpaca Carriers
- RockyMounts
Highlights of The Rear & Hitch Bike 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:
- Rear Bike Racks
- Hitch Bike Racks
- By Application:
- SUV
- Truck
- Sedan
- 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 Rear & Hitch Bike 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.
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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?
Rear & Hitch Bike Racks are a type of bike rack that attaches to the rear of a vehicle and to the hitch receiver on a trailer. They allow cyclists to transport their bikes in style, while also providing extra storage space for gear.
Some of the key players operating in the rear & hitch bike racks market are Thule Group, SARIS CYCLING GROUP, Curt, CAR MATE, Allen Sports, Yakima Products, Atera GmbH, Uebler, Rhino-Rack, Hollywood Racks, Thule Group, Mont Blanc Group, Cruzber, Swagman, Kuat, Alpaca Carriers, RockyMounts.
The rear & hitch bike 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 Rear & Hitch Bike 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 Rear & Hitch Bike Racks Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rear & Hitch Bike 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 Rear & Hitch Bike 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 Rear & Hitch Bike Racks Market Size & Forecast, 2020-2028 4.5.1 Rear & Hitch Bike Racks Market Size and Y-o-Y Growth 4.5.2 Rear & Hitch Bike 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 Rear Bike Racks
5.2.2 Hitch Bike Racks
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 SUV
6.2.2 Truck
6.2.3 Sedan
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rear & Hitch Bike 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 Rear & Hitch Bike 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 Rear Bike Racks
9.6.2 Hitch Bike Racks
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 SUV
9.10.2 Truck
9.10.3 Sedan
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 Rear Bike Racks
10.6.2 Hitch Bike Racks
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 SUV
10.10.2 Truck
10.10.3 Sedan
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 Rear Bike Racks
11.6.2 Hitch Bike Racks
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 SUV
11.10.2 Truck
11.10.3 Sedan
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 Rear Bike Racks
12.6.2 Hitch Bike Racks
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 SUV
12.10.2 Truck
12.10.3 Sedan
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 Rear Bike Racks
13.6.2 Hitch Bike Racks
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 SUV
13.10.2 Truck
13.10.3 Sedan
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 Rear & Hitch Bike Racks Market: Competitive Dashboard
14.2 Global Rear & Hitch Bike Racks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thule Group
14.3.2 SARIS CYCLING GROUP
14.3.3 Curt
14.3.4 CAR MATE
14.3.5 Allen Sports
14.3.6 Yakima Products
14.3.7 Atera GmbH
14.3.8 Uebler
14.3.9 Rhino-Rack
14.3.10 Hollywood Racks
14.3.11 Thule Group
14.3.12 Mont Blanc Group
14.3.13 Cruzber
14.3.14 Swagman
14.3.15 Kuat
14.3.16 Alpaca Carriers
14.3.17 RockyMounts