Automotive Bike Racks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

An automotive bike rack, sometimes known as a bicycle carrier or a bicycle stand, is a device that holds a bicycle. The bicycle is mounted on a bicycle carrier that is attached to a vehicle (truck, bus, or car). Bicycle carriers can be attached in the front, back, or on top of the vehicle to transport bicycles. A bicycle stand, on the other hand, is a mechanism to which bicycles are firmly linked for the purpose of parking. Bike racks can stand alone, be affixed to a stationary object, or be anchored to the ground. Outdoor bike racks are utilised in business settings, whereas interior bike racks are used for private parking.

MARKET DYNAMICS

People nowadays are concerned about pollution and toxic gases released by autos, as well as a desire to be physically healthy. A bicycle is the ideal motorcycle substitute. The number of persons riding bicycles influences the use and construction of bike racks. Cycling has various advantages and can help people stay in shape. Strength, coordination, and balance are all improved by cycling. Recent statistics indicate that the cycle market has expanded in recent years and may continue to develop at a healthy rate in the future. The selling of bike racks is dependent on the sale of bicycles. Bicycling and its benefits are trending on social media, and promotional events have boosted demand for bicycles and, as a result, bicycle racks.

MARKET SCOPE

The "Global Automotive Bike Racks Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the automotive bike racks market with detailed market segmentation by mounting position and bike type. The global automotive bike racks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive bike racks market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global automotive bike racks market is segmented into mounting position and bike type. By mounting position, the automotive bike racks market is classified into strap-on trunk, hitch-mount, roof-mount. By bike type, the automotive bike racks market is classified into traditional, electric bike.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global automotive bike racks market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The automotive bike racks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the automotive bike racks market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the automotive bike racks market in these regions.

MARKET PLAYERS

The report covers vital developments in the automotive bike racks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the automotive bike racks market are anticipated to witness lucrative growth opportunities in the future with the rising demand for automotive bike racks in the global market. Below mentioned is the list of few companies engaged in the automotive bike racks market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive bike racks market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

•   Allen Sports USA
  
•   Atera GmbH
  
•   Car Mate Mfg. Co. Ltd.
  
•   Kuat Innovations
  
•   Mont Blanc Group AB
  
•   Rhino Rack Pty Ltd.
  
•   Thule Group AB
  
•   Tyger Auto Inc.
  
•   VDL Groep BV
  
•   Yakima Products Inc.
  
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Automotive Bike Racks Report Scope