Advancements in Design and Material Enhance Automotive Roof Racks Market Growth
Market Research Future Insights
According to MRFR analysis, the global Automotive Roof Racks market is expected to register a CAGR of ~5.90% from 2023 to 2032 and hold a value of over USD 2.5 million by 2032.
Automotive roof racks are accessories installed on the roof of a vehicle to increase its storage capacity. They are commonly used for carrying oversized items such as bicycles, kayaks, skis, and luggage. The COVID-19 pandemic has had a significant impact on the automotive roof rack market. The lockdowns and restrictions on movement have led to a decrease in demand for automotive roof racks, as there has been a decrease in travel and recreational activities.
On the other hand, the pandemic has led to an increased demand for automotive roof racks, as people are looking for ways to safely transport essential goods and supplies. Additionally, the pandemic has led to a shift in consumer preferences, with people looking for more affordable and sustainable modes of transportation, such as bicycles, leading to an increase in demand for automotive roof racks.
Regional Analysis
North America is anticipated to be the largest market for automotive roof racks, due to factors such as a large number of outdoor enthusiasts and a high demand for recreational vehicles and outdoor activities in the region. The increasing popularity of outdoor activities and the growing demand for convenience and versatility in transportation have also contributed to the growth of the automotive roof rack market in North America.
Market Segmentation
The Global Car Roof Racks Market has been segmented into type, material, and vehicle type.
Based on the type, the market has been segmented into Roof Mount, Raise Grill, Gutter, and Others.
Based on the material, the market has been segmented into Aluminum alloy, Composite plastic, and Others.
Based on the vehicle type, the market has been segmented into Commercial vehicles, Passenger Cars.
Key Players
Some of the key market players are Thule Group, Atera GmbH, Rhino Rack, Magna International Inc., Cruzber SA, Yakima, Inc., JAC Products, NEUMANN, SPOL. S R.O., Perrycraft, ROLA, Mont Blanc Group AB.
More Related Report
