Rising Demand for Automotive Roof Racks Drives Market Growth
Automobile roof racks are add-ons that are mounted on a car’s roof to expand storage space. They are frequently used to transport bulky objects like bags, bicycles, kayaks, and skis. The market for car roof racks has been significantly impacted by the COVID-19 outbreak. Automobile roof rack demand has decreased as a result of the lockdowns and movement restrictions, which have also reduced travel and leisure time. On the other hand, as individuals search for ways to safely transport necessary products and supplies, the epidemic has raised demand for car roof racks. In addition, the epidemic has caused a change in consumer tastes, with individuals now seeking out more reasonably priced and environmentally friendly forms of transportation,
According to MRFR analysis, the global Automotive Roof Racks market is expected to register a CAGR of ~6% from 2022 to 2030 and hold a value of over USD 2300 million by 2030.
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 Automotive 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.
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