Car Rack Market Updates by 2031
Car racks are mounted on the cars to carry bulky items such as luggage, bicycles, kayaks, or skis. Car racks are useful in a way that they enable the transportation of heavy and voluminous objects without reducing the interior space for occupants. A rise in adventure sports and recreational activities are seen to be significant factors in boosting the market growth. Also, youth moving out to different cities for studies or work are some factors contributing to increased sales of the roof box, bike car racks, and roof racks.
MARKET DYNAMICS
The car rack market is anticipated to grow in the forecast period owing to driving factors such as increasing product innovations and consumer inclination towards adventure and recreating sports. Demand for extra luggage space is another key factor propelling the growth of the car rack market. However, low-quality products may hinder the market growth during the forecast period. Nevertheless, the growth of the tourism industry and increasing migration activities are likely to offer lucrative opportunities for the players of the car rack market during the forecast period.
MARKET SCOPE
The "Global Car Rack Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of car rack market with detailed market segmentation by type, sales channel, and geography. The global car rack market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading car rack market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global car rack market is segmented on the basis of type and sales channel. Based on type, the market is segmented as roof rack, roof box, ski rack, watersport carrier, and others. On the basis of the sales channel, the market is segmented as offline and online.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global car rack market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The car rack 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 car rack market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the car rack market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global car rack market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The car rack 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 car rack market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the car rack market in these regions.
MARKET PLAYERS
The reports cover key developments in the car rack 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 partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from car rack market are anticipated to lucrative growth opportunities in the future with the rising demand for car rack in the global market. Below mentioned is the list of few companies engaged in the car rack market.
The report also includes the profiles of key car rack companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ACPS Automotive GmbH
- Allen Sports USA
- CarMate
- CRUZBER SA
- Kuat Innovations LLC
- Malone Auto Racks
- Rhino Rack Pty Ltd
- Saris
- Thule Group
- Yakima Products, Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Car Rack Market - By Type
1.3.2 Car Rack Market - By Application
1.3.3 Car Rack Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CAR RACK MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CAR RACK MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CAR RACK MARKET - GLOBAL MARKET ANALYSIS
6.1. CAR RACK - GLOBAL MARKET OVERVIEW
6.2. CAR RACK - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. CAR RACK MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ROOF RACK
7.3.1. Overview
7.3.2. Roof Rack Market Forecast and Analysis
7.4. ROOF BOX
7.4.1. Overview
7.4.2. Roof Box Market Forecast and Analysis
7.5. SKI RACK
7.5.1. Overview
7.5.2. Ski Rack Market Forecast and Analysis
7.6. WATERSPORT CARRIER
7.6.1. Overview
7.6.2. Watersport Carrier Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. CAR RACK MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PASSENGER CAR
8.3.1. Overview
8.3.2. Passenger Car Market Forecast and Analysis
8.4. COMMERCIAL CAR
8.4.1. Overview
8.4.2. Commercial Car Market Forecast and Analysis
9. CAR RACK MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Car Rack Market Overview
9.1.2 North America Car Rack Market Forecasts and Analysis
9.1.3 North America Car Rack Market Forecasts and Analysis - By Type
9.1.4 North America Car Rack Market Forecasts and Analysis - By Application
9.1.5 North America Car Rack Market Forecasts and Analysis - By Countries
9.1.5.1 United States Car Rack Market
9.1.5.1.1 United States Car Rack Market by Type
9.1.5.1.2 United States Car Rack Market by Application
9.1.5.2 Canada Car Rack Market
9.1.5.2.1 Canada Car Rack Market by Type
9.1.5.2.2 Canada Car Rack Market by Application
9.1.5.3 Mexico Car Rack Market
9.1.5.3.1 Mexico Car Rack Market by Type
9.1.5.3.2 Mexico Car Rack Market by Application
9.2. EUROPE
9.2.1 Europe Car Rack Market Overview
9.2.2 Europe Car Rack Market Forecasts and Analysis
9.2.3 Europe Car Rack Market Forecasts and Analysis - By Type
9.2.4 Europe Car Rack Market Forecasts and Analysis - By Application
9.2.5 Europe Car Rack Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Car Rack Market
9.2.5.1.1 Germany Car Rack Market by Type
9.2.5.1.2 Germany Car Rack Market by Application
9.2.5.2 France Car Rack Market
9.2.5.2.1 France Car Rack Market by Type
9.2.5.2.2 France Car Rack Market by Application
9.2.5.3 Italy Car Rack Market
9.2.5.3.1 Italy Car Rack Market by Type
9.2.5.3.2 Italy Car Rack Market by Application
9.2.5.4 United Kingdom Car Rack Market
9.2.5.4.1 United Kingdom Car Rack Market by Type
9.2.5.4.2 United Kingdom Car Rack Market by Application
9.2.5.5 Russia Car Rack Market
9.2.5.5.1 Russia Car Rack Market by Type
9.2.5.5.2 Russia Car Rack Market by Application
9.2.5.6 Rest of Europe Car Rack Market
9.2.5.6.1 Rest of Europe Car Rack Market by Type
9.2.5.6.2 Rest of Europe Car Rack Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Car Rack Market Overview
9.3.2 Asia-Pacific Car Rack Market Forecasts and Analysis
9.3.3 Asia-Pacific Car Rack Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Car Rack Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Car Rack Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Car Rack Market
9.3.5.1.1 Australia Car Rack Market by Type
9.3.5.1.2 Australia Car Rack Market by Application
9.3.5.2 China Car Rack Market
9.3.5.2.1 China Car Rack Market by Type
9.3.5.2.2 China Car Rack Market by Application
9.3.5.3 India Car Rack Market
9.3.5.3.1 India Car Rack Market by Type
9.3.5.3.2 India Car Rack Market by Application
9.3.5.4 Japan Car Rack Market
9.3.5.4.1 Japan Car Rack Market by Type
9.3.5.4.2 Japan Car Rack Market by Application
9.3.5.5 South Korea Car Rack Market
9.3.5.5.1 South Korea Car Rack Market by Type
9.3.5.5.2 South Korea Car Rack Market by Application
9.3.5.6 Rest of Asia-Pacific Car Rack Market
9.3.5.6.1 Rest of Asia-Pacific Car Rack Market by Type
9.3.5.6.2 Rest of Asia-Pacific Car Rack Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Car Rack Market Overview
9.4.2 Middle East and Africa Car Rack Market Forecasts and Analysis
9.4.3 Middle East and Africa Car Rack Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Car Rack Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Car Rack Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Car Rack Market
9.4.5.1.1 South Africa Car Rack Market by Type
9.4.5.1.2 South Africa Car Rack Market by Application
9.4.5.2 Saudi Arabia Car Rack Market
9.4.5.2.1 Saudi Arabia Car Rack Market by Type
9.4.5.2.2 Saudi Arabia Car Rack Market by Application
9.4.5.3 U.A.E Car Rack Market
9.4.5.3.1 U.A.E Car Rack Market by Type
9.4.5.3.2 U.A.E Car Rack Market by Application
9.4.5.4 Rest of Middle East and Africa Car Rack Market
9.4.5.4.1 Rest of Middle East and Africa Car Rack Market by Type
9.4.5.4.2 Rest of Middle East and Africa Car Rack Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Car Rack Market Overview
9.5.2 South and Central America Car Rack Market Forecasts and Analysis
9.5.3 South and Central America Car Rack Market Forecasts and Analysis - By Type
9.5.4 South and Central America Car Rack Market Forecasts and Analysis - By Application
9.5.5 South and Central America Car Rack Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Car Rack Market
9.5.5.1.1 Brazil Car Rack Market by Type
9.5.5.1.2 Brazil Car Rack Market by Application
9.5.5.2 Argentina Car Rack Market
9.5.5.2.1 Argentina Car Rack Market by Type
9.5.5.2.2 Argentina Car Rack Market by Application
9.5.5.3 Rest of South and Central America Car Rack Market
9.5.5.3.1 Rest of South and Central America Car Rack Market by Type
9.5.5.3.2 Rest of South and Central America Car Rack Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CAR RACK MARKET, KEY COMPANY PROFILES
11.1. ACPS AUTOMOTIVE GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ALLEN SPORTS USA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CARMATE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CRUZBER SA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KUAT INNOVATIONS LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MALONE AUTO RACKS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RHINO RACK PTY LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SARIS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THULE GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YAKIMA PRODUCTS INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ACPS Automotive GmbH
2. Allen Sports USA
3. CarMate
4. CRUZBER SA
5. Kuat Innovations LLC
6. Malone Auto Racks
7. Rhino Rack Pty Ltd
8. Saris
9. Thule Group
10. Yakima Products Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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