Market Overview:
The global truck 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 commercial vehicles, rising trend of online retail, and growing freight transportation. Based on type, the welding frame segment is expected to hold the largest share in the global truck racks market during the forecast period. This can be attributed to its high strength and durability as compared to other types of frames available in the market.
Product Definition:
A truck rack is a metal frame that attaches to the bed of a pickup truck, allowing for the transportation of bulky items such as lumber or sporting equipment. Truck racks are important for transporting large items, as they provide a stable surface that does not put stress on the vehicle's suspension.
Welding Frame:
Welding frame is a metal structure that is fixed at the time of welding process. It holds the work piece and helps in maintaining its position during welding. Welding frame can be easily attached to any equipment or machinery by means of clamps, bolts, screws or rivets.
Riveted Frame:
Riveted frame is a type of construction used in the manufacturing of truck racks. It is also known as welded or clinched riveted frame and it consists of two metal plates, which are riveted together at several points to form a rigid structure. The rivets act as stress relievers and also provide additional strength to the rack.
Application Insights:
The application segment is segregated into heavy, medium and light trucks. The heavy-duty vehicles include buses, fire engines and other emergency vehicles among others. Medium-duty trucks include dumpers, road construction equipment among others. Light-duty includes passenger cars or light commercial vehicles among others.
The demand for the product in the Asia Pacific region is expected to witness a CAGR of XX% from 2018 to 2030 owing to rising industrialization and urbanization in this region coupled with favorable government policies regarding transportation infrastructure development will boost industry growth over the forecast period. In addition, increasing penetration of ecommerce has fueled demand for storage facilities which will further propel industry growth over the coming years as consumers prefer purchasing products through online channels resulting in increased utilization of truck racks across warehouses etcetera throughout this part of the world during that period as well.
Regional Analysis:
The North American region dominated the global truck racks market in 2017. The presence of a large number of manufacturers and suppliers, along with increased demand from the U.S., is expected to drive growth over the forecast period. Furthermore, rising consumer preference for diesel engines as compared to gasoline engines is likely to have a positive impact on industry growth over the next eight years.
Asia Pacific emerged as one of the most lucrative regions due to increasing sales volume and freight transportation in this region owing to growing industrialization.
Growth Factors:
- Increasing demand for commercial vehicles
- Growing popularity of pickup trucks
- Rising number of online shoppers
- Proliferation of e-commerce platforms
- Growing trend of DIY
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Racks Market Research Report
By Type
Welding Frame, Riveted Frame, Rivet/welded Frame, Others
By Application
Heavy Truck, Medium Truck, Light Truck, Others
By Companies
Hauler Racks, Kargo Master Inc, The Thule Group, Cross Tread Industries Inc, U.S. Rack Inc, Vanguard Manufacturing Inc, Magnum Manufacturing Inc, Texas Truck Racks, Yakima Products Inc, ProTech Industries
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Truck Racks Market Report Segments:
The global Truck Racks market is segmented on the basis of:
Types
Welding Frame, Riveted Frame, Rivet/welded Frame, 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
Heavy Truck, Medium Truck, Light Truck, Others
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:
- Hauler Racks
- Kargo Master Inc
- The Thule Group
- Cross Tread Industries Inc
- U.S. Rack Inc
- Vanguard Manufacturing Inc
- Magnum Manufacturing Inc
- Texas Truck Racks
- Yakima Products Inc
- ProTech Industries
Highlights of The Truck 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:
- Welding Frame
- Riveted Frame
- Rivet/welded Frame
- Others
- By Application:
- Heavy Truck
- Medium Truck
- Light Truck
- Others
- 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 Truck 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
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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?
Truck racks are a type of vehicle accessory that can be installed on the roof of a truck to store cargo. They are typically made from metal or plastic and can hold a variety of items, including boxes, sacks, or pallets.
Some of the key players operating in the truck racks market are Hauler Racks, Kargo Master Inc, The Thule Group, Cross Tread Industries Inc, U.S. Rack Inc, Vanguard Manufacturing Inc, Magnum Manufacturing Inc, Texas Truck Racks, Yakima Products Inc, ProTech Industries.
The truck racks market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Truck Racks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Truck Racks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Truck Racks Market - Supply Chain
4.5. Global Truck Racks Market Forecast
4.5.1. Truck Racks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Truck Racks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Truck Racks Market Absolute $ Opportunity
5. Global Truck Racks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Truck Racks Market Size and Volume Forecast by Type
5.3.1. Welding Frame
5.3.2. Riveted Frame
5.3.3. Rivet/welded Frame
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Truck Racks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Truck Racks Market Size and Volume Forecast by Application
6.3.1. Heavy Truck
6.3.2. Medium Truck
6.3.3. Light Truck
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Truck Racks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Truck Racks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Truck Racks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Truck Racks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Truck Racks Demand Share Forecast, 2019-2026
9. North America Truck Racks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Truck Racks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Truck Racks Market Size and Volume Forecast by Application
9.4.1. Heavy Truck
9.4.2. Medium Truck
9.4.3. Light Truck
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Truck Racks Market Size and Volume Forecast by Type
9.7.1. Welding Frame
9.7.2. Riveted Frame
9.7.3. Rivet/welded Frame
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Truck Racks Demand Share Forecast, 2019-2026
10. Latin America Truck Racks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Truck Racks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Truck Racks Market Size and Volume Forecast by Application
10.4.1. Heavy Truck
10.4.2. Medium Truck
10.4.3. Light Truck
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Truck Racks Market Size and Volume Forecast by Type
10.7.1. Welding Frame
10.7.2. Riveted Frame
10.7.3. Rivet/welded Frame
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Truck Racks Demand Share Forecast, 2019-2026
11. Europe Truck Racks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Truck Racks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Truck Racks Market Size and Volume Forecast by Application
11.4.1. Heavy Truck
11.4.2. Medium Truck
11.4.3. Light Truck
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Truck Racks Market Size and Volume Forecast by Type
11.7.1. Welding Frame
11.7.2. Riveted Frame
11.7.3. Rivet/welded Frame
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Truck Racks Demand Share, 2019-2026
12. Asia Pacific Truck Racks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Truck Racks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Truck Racks Market Size and Volume Forecast by Application
12.4.1. Heavy Truck
12.4.2. Medium Truck
12.4.3. Light Truck
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Truck Racks Market Size and Volume Forecast by Type
12.7.1. Welding Frame
12.7.2. Riveted Frame
12.7.3. Rivet/welded Frame
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Truck Racks Demand Share, 2019-2026
13. Middle East & Africa Truck Racks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Truck Racks Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Truck Racks Market Size and Volume Forecast by Application
13.4.1. Heavy Truck
13.4.2. Medium Truck
13.4.3. Light Truck
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Truck Racks Market Size and Volume Forecast by Type
13.7.1. Welding Frame
13.7.2. Riveted Frame
13.7.3. Rivet/welded Frame
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Truck Racks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Truck Racks Market: Market Share Analysis
14.2. Truck Racks Distributors and Customers
14.3. Truck Racks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hauler Racks
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kargo Master Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. The Thule Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cross Tread Industries Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. U.S. Rack Inc
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vanguard Manufacturing Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Magnum Manufacturing Inc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Texas Truck Racks
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yakima Products Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ProTech Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook