Market Overview:
The global vehicle 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 vehicle 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 vehicle 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 vehicles roofs.
Product Definition:
A roof rack is a structure mounted on or integral to the roof of a motor vehicle, which carries items such as bicycles, skis, canoes, kayaks and cargo boxes. Roof racks provide extra storage space and can be used to increase fuel economy by reducing drag.
Aluminum Alloy:
Aluminum alloys are a group of metals that have similar properties. They can be combined with other metals or alloyed to improve their mechanical characteristics. The most common aluminum alloys include aluminum-tin, aluminum-copper, and aluminum-zinc.
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 composites and thermoset or hot melt composites. Thermoplastic composite has high strength and stiffness but low thermal stability; whereas thermoset composite has low strength and stiffness but high thermal stability.
Application Insights:
OEMs are involved in the production of vehicle accessories that enhance the aesthetic appeal and functionality of vehicles. The OEMs have been focusing on developing a product portfolio that caters to customer requirements, thereby driving growth. Vehicle roof rails manufactured using lightweight materials with superior structural strength are being developed by OEMs to improve fuel efficiency and reduce overall weight of passenger cars, thus improving fuel efficiency.
The aftermarket segment is expected to register significant growth over the forecast period owing to growing consumer preference for non-essential interior features such as entertainment systems and sunroof systems in their automobiles, which can be removed or replaced at will without any difficulty or risk. This characteristic has made roof rails an ideal choice among consumers looking for easy installation solutions who are also willing to pay a little extra money for them since they provide more flexibility than factory installed accessories do.
Regional Analysis:
Asia Pacific dominated the global vehicle roof rails market in 2017. This is attributed to increasing demand for personal protection vehicles, especially in developing countries such as India and China. The growing trend of luxury car theft has led to an increase in the production of composite plastic roof rails that are lightweight and easy to install. Moreover, rising concerns over road safety have resulted in a significant demand for vehicle accessories including bars, crossbars, rollers etc., which will fuel growth further.
Europe was valued at USD X million in 2017 owing to high demand from Germany and Italy on account of increased sales of premium cars with integrated roofs bars/roof rail systems by major manufacturers such as BMW AG and Fiat Chrysler Automobiles N.V. In addition, presence of aftermarket companies offering products customized according to customer requirements will augment growth during the forecast period.
Growth Factors:
- Increasing demand for SUVs and crossovers
- Rising disposable income of consumers
- Technological advancements in roof rails manufacturing process
- Growing popularity of outdoor activities and sports
- Proliferation of online retail platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Roof Rails Market Research Report
By Type
Aluminum Alloy, Composite Plastic
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Roof Rails Market Report Segments:
The global Vehicle Roof Rails market is segmented on the basis of:
Types
Aluminum Alloy, Composite Plastic
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 Vehicle 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
- 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 Vehicle 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?
Vehicle roof rails are typically a metal or plastic frame that is attached to the roof of a car or truck and provides support for cargo. They can also be used as an attachment point for accessories, such as a bike rack.
Some of the major companies in the vehicle roof rails market are VDL Hapro, Thule Group, BOSAL, Magna International, Rhino-Rack, MINTH Group, JAC Products, Cruzber, Yakima Products, Atera GmbH.
The vehicle roof rails market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle 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 Vehicle Roof Rails Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle 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 Vehicle 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 Vehicle Roof Rails Market Size & Forecast, 2020-2028
4.5.1 Vehicle Roof Rails Market Size and Y-o-Y Growth
4.5.2 Vehicle Roof Rails 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 Aluminum Alloy
5.2.2 Composite Plastic
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 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle 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 Vehicle 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 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 Aluminum Alloy
9.6.2 Composite Plastic
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 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 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 Aluminum Alloy
10.6.2 Composite Plastic
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 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 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 Aluminum Alloy
11.6.2 Composite Plastic
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 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 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 Aluminum Alloy
12.6.2 Composite Plastic
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 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) 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 Aluminum Alloy
13.6.2 Composite Plastic
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 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 Vehicle Roof Rails Market: Competitive Dashboard
14.2 Global Vehicle 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
