The Automotive Roof Racks Market was valued US$ 1687.49 Mn in 2023 and is expected to reach US$ 4950.54 Mn by 2030, at a CAGR of 16.62% during a forecast period.Automotive Roof Rack Market Dynamics:
Increasing household disposable income amongst consumers around the globe is contributing to the rising standards of living of people. Owing to such a factor, consumers are progressively more spending on other goods that meet their social needs apart from their regular basic needs. Increasing expenditure on tourism around the globe coupled with rising focus by the government of various nations for tourism is helping to contribute towards the growth of the tourism industry as well as other associated industries. Vehicles loaded with goods, there is an increase in the laden weight which might affect the fuel consumption of the vehicle. Moreover, deploying a roof rack also causes air resistance which also contributes to a high fuel consumption of the vehicle.To know about the Research Methodology :- Request Free Sample Report Automotive roof racks allow users to place their luggage or goods on the roof of the vehicle so that the space inside the vehicle can be utilized more efficiently. Modern roof racks in comparison to earlier roof racks can be fitted without the help of a professional.
Automotive Roof Racks Market Taxonomy:
Commercial Vehicles are dominating the segment. There is a significant rise in the interests amongst consumers for adventure sports and tourism activities backed by the rising tourism industry. Tourists worldwide are increasingly spending on accessories that are required as a part of the allied activity, such as canoe for canoeing, bikes for bike riding, equipment for hang gliding, and other adventure activities. As such, it is a challenge for the user to carry those accessories in their vehicles as there isn’t much space for passengers and goods all together inside the vehicle. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Automotive Roof Rack Market, Segment Analysis.
Depending upon the Product market is segmented by product type Roof Mount, Raised Rail, Bike Racks. Roof mount racks serve the purpose of carrying the luggage and goods thereby promoting enhanced vehicle interior space for a comfortable tourist ride. By Material it is segmented into composite plastics, aluminium alloys. Other. Both composite and aluminium material are equally used in production of roof racks. By Distribution channels both OEM and aftermarket the roof racks are available in the market. Recent Development: March 2022: Rhino-Rack USA, LLC announced the launch of Pioneer Thru Axle Bike Carrier which allows user to attach a thru axle bike directly to a Rhino-Rack Pioneer system.Automotive Roof Rack Market, Regional Analysis.
Region-wise, APAC region held the dominant position in the global automotive roof racks market and is projected to continue its dominance during the forecast period. An increase in the awareness of adventure sports in this region. Helping this market to expand in US $ xx Mn in the market. In Asia-Pacific, increasing focus of the governments in the region for the development of adventure sports related activities is anticipated to boost the demand for goods and accessories supporting the allied activity. Such a factor is also expected to raise the demand for vehicles in the region which provide greater storage space, thereby impacting positively towards the growth of the market in the region in the upcoming years. North America is expected to grow in US $ xx Mn Growing tourism industry and the adventure sports in this region are driving factors to this market. However changing lifestyle of the consumers are also the main reason to expand this market.Automotive Roof Racks Market: Objective
The objective of the report is to present a comprehensive analysis of Global Automotive Roof Racks Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automotive Roof Racks Market dynamics, structure by analysing the market segments and project the Global Automotive Roof Racks Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Roof Racks Market make the report investor’s guide.The Scope of the Report for Global Automotive Roof Racks Market : Inquire before buying
Global Automotive Roof Racks Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 1687.49 Mn. Forecast Period 2024 to 2030 CAGR: 16.62% Market Size in 2030: US $ 4950.54 Mn. Segments Covered: by Product Type Roof Mount Raised Rail Bike Racks by Material Type Composite Plastic Aluminium Alloys Other Automotive Roof Rack Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Automotive Roof Racks Market, Key Players are:
Magna International, Inc. MINTH Group Limited , VDL Hapro bv, Yakima Products, Inc., Atera GmbH, Rhino-Rack USA, BOSAL, JAC Products, Cruzber S.A., Thule Group Delphi Automotive Yazaki Corporation Sumitomo Electric TE Connectivity Kyocera Corporation. Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Roof Racks Market ? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Automotive Roof Racks Market ? Ans: The Global Automotive Roof Racks Market is growing at a CAGR of 16.62% during forecasting period 2024-2030. 3. What is scope of the Global Automotive Roof Racks Market report? Ans: Global Automotive Roof Racks Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Market ? Ans: The important key players in the Global Market are – Magna International, Inc.MINTH Group Limited ,VDL Hapro bv,Yakima Products, Inc.,Atera GmbH,BOSAL,JAC Products. 5. What is the study period of this Market? Ans: The Global Market is studied from 2023 to 2030.
Global Automotive Roof Racks Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Roof Racks Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Automotive Roof Racks Market Analysis and Forecast 6.1. Automotive Roof Racks MarketSize & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Automotive Roof Racks Market Analysis and Forecast, by Product Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Automotive Roof Racks MarketValue Share Analysis, by Product Type 7.4. Automotive Roof Racks MarketSize (US$ Bn) Forecast, by Product Type 7.5. Automotive Roof Racks MarketAnalysis, by Product Type 7.6. Automotive Roof Racks MarketAttractiveness Analysis, by Product Type 8. Global Automotive Roof Racks MarketAnalysis and Forecast, by Material Type 8.1. Introduction and Definition 8.2. Key Findings 8.3. Automotive Roof Racks MarketValue Share Analysis, by Material Type 8.4. Automotive Roof Racks MarketSize (US$ Bn) Forecast, by Material Type 8.5. Automotive Roof Racks MarketAnalysis, by Material Type 8.6. Automotive Roof Racks Market Attractiveness Analysis, by Material Type 9. Global Automotive Roof Racks MarketAnalysis, by Region 9.1. Automotive Roof Racks Market Value Share Analysis, by Region 9.2. Automotive Roof Racks Market Size (US$ Bn) Forecast, by Region 9.3. Automotive Roof Racks Market Attractiveness Analysis, by Region 10. North America Automotive Roof Racks Market Analysis 10.1. Key Findings 10.2. North America Automotive Roof Racks Market Overview 10.3. North America Automotive Roof Racks Market Value Share Analysis, by Product Type 10.4. North America Automotive Roof Racks Market Forecast, by Product Type 10.4.1. Roof Mount, 10.4.2. Raised Rail, 10.4.3. Bike Racks 10.5. North America Automotive Roof Racks Market Value Share Analysis, by Material Type 10.6. North America Automotive Roof Racks MarketForecast, by Material Type 10.6.1. Composite Plastic 10.6.2. Aluminium Alloys 10.6.3. Other 10.7. North America Automotive Roof Racks MarketValue Share Analysis, by Country 10.8. North America Automotive Roof Racks MarketForecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Automotive Roof Racks MarketAnalysis, by Country 10.10. U.S. Automotive Roof Racks Market Forecast, by Product Type 10.10.1. Roof Mount, 10.10.2. Raised Rail, 10.10.3. Bike Racks 10.11. U.S. Automotive Roof Racks Market Forecast, by Material Type 10.11.1. Composite Plastic 10.11.2. Aluminium Alloys 10.11.3. Other 10.12. Canada Roof Racks Lighting Canada Automotive Roof Racks Market Forecast, by Product Type 10.12.1. Roof Mount, 10.12.2. Raised Rail, 10.12.3. Bike Racks 10.13. Canada Automotive Roof Racks Market Forecast, by Material Type 10.13.1. Composite Plastic 10.13.2. Aluminium Alloys 10.13.3. Other 10.14. North America Automotive Roof Racks Market Attractiveness Analysis 10.14.1. By Product Type 10.14.2. By Material Type 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Automotive Roof Racks Market Analysis 11.1. Key Findings 11.2. Europe Automotive Roof Racks Market Overview 11.3. Europe Automotive Roof Racks Market Value Share Analysis, by Product Type 11.4. Europe Automotive Roof Racks Market Forecast, by Product Type 11.4.1. Roof Mount, 11.4.2. Raised Rail, 11.4.3. Bike Racks 11.5. Europe Automotive Roof Racks Market Value Share Analysis, by Material Type 11.6. Europe Automotive Roof Racks Market Forecast, by Material Type 11.6.1. Composite Plastic 11.6.2. Aluminium Alloys 11.6.3. Other 11.7. Europe Automotive Roof Racks Market Value Share Analysis, by Country 11.8. Europe Automotive Roof Racks Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Automotive Roof Racks MarketAnalysis, by Country 11.10. Germany Automotive Roof Racks MarketForecast, by Product Type 11.10.1. Roof Mount, 11.10.2. Raised Rail, 11.10.3. Bike Racks 11.11. Germany Automotive Roof Racks Market Forecast, by Material Type 11.11.1. Composite Plastic 11.11.2. Aluminium Alloys 11.11.3. Other 11.12. U.K. Automotive Roof Racks Market Forecast, by Product Type 11.12.1. Roof Mount, 11.12.2. Raised Rail, 11.12.3. Bike Racks 11.13. U.K. Automotive Roof Racks Market Forecast, by Material Type 11.13.1. Composite Plastic 11.13.2. Aluminium Alloys 11.13.3. Other 11.14. France Automotive Roof Racks Market Forecast, by Product Type 11.14.1. Roof Mount, 11.14.2. Raised Rail, 11.14.3. Bike Racks 11.15. France Automotive Roof Racks Market Forecast, by Material Type 11.15.1. Composite Plastic 11.15.2. Aluminium Alloys 11.15.3. Other 11.16. Italy Automotive Roof Racks Market Forecast, by Product Type 11.16.1. Roof Mount, 11.16.2. Raised Rail, 11.16.3. Bike Racks 11.17. Italy Automotive Roof Racks Market Forecast, by Material Type 11.17.1. Composite Plastic 11.17.2. Aluminium Alloys 11.17.3. Other 11.18. Spain Automotive Roof Racks Market Forecast, by Product Type 11.18.1. Roof Mount, 11.18.2. Raised Rail, 11.18.3. Bike Racks 11.19. Spain Automotive Roof Racks Market Forecast, by Material Type 11.19.1. Composite Plastic 11.19.2. Aluminium Alloys 11.19.3. Other 11.20. Rest of Europe Automotive Roof Racks Market Forecast, by Product Type 11.20.1. Roof Mount, 11.20.2. Raised Rail, 11.20.3. Bike Racks 11.21. Rest of Europe Automotive Roof Racks Market Forecast, by Material Type 11.21.1. Composite Plastic 11.21.2. Aluminium Alloys 11.21.3. Other 11.22. Europe Automotive Roof Racks Market Attractiveness Analysis 11.22.1. By Product Type 11.22.2. By Material Type 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Automotive Roof Racks Market Analysis 12.1. Key Findings 12.2. Asia Pacific Automotive Roof Racks Market Overview 12.3. Asia Pacific Automotive Roof Racks Market Value Share Analysis, by Product Type 12.4. Asia Pacific Automotive Roof Racks Market Forecast, by Product Type 12.4.1. Roof Mount, 12.4.2. Raised Rail, 12.4.3. Bike Racks 12.5. Asia Pacific Automotive Roof Racks Market Value Share Analysis, by Material Type 12.6. Asia Pacific Automotive Roof Racks Market Forecast, by Material Type 12.6.1. Composite Plastic 12.6.2. Aluminium Alloys 12.6.3. Other 12.7. Asia Pacific Automotive Roof Racks Market Value Share Analysis, by Country 12.8. Asia Pacific Automotive Roof Racks Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Automotive Roof Racks Market Analysis, by Country 12.10. China Automotive Roof Racks Market Forecast, by Product Type 12.10.1. Roof Mount, 12.10.2. Raised Rail, 12.10.3. Bike Racks 12.11. China Automotive Roof Racks Market Forecast, by Material Type 12.11.1. Composite Plastic 12.11.2. Aluminium Alloys 12.11.3. Other 12.12. India Automotive Roof Racks Market Forecast, by Product Type 12.12.1. Roof Mount, 12.12.2. Raised Rail, 12.12.3. Bike Racks 12.13. India Automotive Roof Racks Market Forecast, by Material Type 12.13.1. Composite Plastic 12.13.2. Aluminium Alloys 12.13.3. Other 12.14. Japan Automotive Roof Racks Market Forecast, by Product Type 12.14.1. Roof Mount, 12.14.2. Raised Rail, 12.14.3. Bike Racks 12.15. Japan Automotive Roof Racks Market Forecast, by Material Type 12.15.1. Composite Plastic 12.15.2. Aluminium Alloys 12.15.3. Other 12.16. ASEAN Automotive Roof Racks Market Forecast, by Product Type 12.16.1. Roof Mount, 12.16.2. Raised Rail, 12.16.3. Bike Racks 12.17. ASEAN Automotive Roof Racks Market Forecast, by Material Type 12.17.1. Composite Plastic 12.17.2. Aluminium Alloys 12.17.3. Other 12.18. Rest of Asia Pacific Automotive Roof Racks Market Forecast, by Product Type 12.18.1. Roof Mount, 12.18.2. Raised Rail, 12.18.3. Bike Racks 12.19. Rest of Asia Pacific Automotive Roof Racks Market Forecast, by Material Type 12.19.1. Composite Plastic 12.19.2. Aluminium Alloys 12.19.3. Other 12.20. Asia Pacific Automotive Roof Racks Market Attractiveness Analysis 12.20.1. By Product Type 12.20.2. By Material Type 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Automotive Roof Racks Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Automotive Roof Racks Market Overview 13.3. Middle East & Africa Automotive Roof Racks Market Value Share Analysis, by Product Type 13.4. Middle East & Africa Automotive Roof Racks Market Forecast, by Product Type 13.4.1. Roof Mount, 13.4.2. Raised Rail, 13.4.3. Bike Racks 13.5. Middle East & Africa Automotive Roof Racks Market Value Share Analysis, by Material Type 13.6. Middle East & Africa Automotive Roof Racks Market Forecast, by Material Type 13.6.1. Composite Plastic 13.6.2. Aluminium Alloys 13.6.3. Other 13.7. Middle East & Africa Automotive Roof Racks Market Value Share Analysis, by Country 13.8. Middle East & Africa Automotive Roof Racks Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Automotive Roof Racks Market Analysis, by Country 13.10. GCC Automotive Roof Racks Market Forecast, by Product Type 13.10.1. Roof Mount, 13.10.2. Raised Rail, 13.10.3. Bike Racks 13.11. GCC Automotive Roof Racks Market Forecast, by Material Type 13.11.1. Composite Plastic 13.11.2. Aluminium Alloys 13.11.3. Other 13.12. South Africa Automotive Roof Racks Market Forecast, by Product Type 13.12.1. Roof Mount, 13.12.2. Raised Rail, 13.12.3. Bike Racks 13.13. South Africa Automotive Roof Racks Market Forecast, by Material Type 13.13.1. Composite Plastic 13.13.2. Aluminium Alloys 13.13.3. Other 13.14. Rest of Middle East & Africa Automotive Roof Racks Market Forecast, by Product Type 13.14.1. Roof Mount, 13.14.2. Raised Rail, 13.14.3. Bike Racks 13.15. Rest of Middle East & Africa Automotive Roof Racks Market Forecast, by Material Type 13.15.1. Composite Plastic 13.15.2. Aluminium Alloys 13.15.3. Other 13.16. Middle East & Africa Automotive Roof Racks Market Attractiveness Analysis 13.16.1. By Product Type 13.16.2. By Material Type 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Automotive Roof Racks Market Analysis 14.1. Key Findings 14.2. South America Automotive Roof Racks Market Overview 14.3. South America Automotive Roof Racks Market Value Share Analysis, by Product Type 14.4. South America Automotive Roof Racks Market Forecast, by Product Type 14.4.1. Roof Mount, 14.4.2. Raised Rail, 14.4.3. Bike Racks 14.5. South America Automotive Roof Racks Market Value Share Analysis, by Material Type 14.6. South America Automotive Roof Racks Market Forecast, by Material Type 14.6.1. Composite Plastic 14.6.2. Aluminium Alloys 14.6.3. Other 14.7. South America Automotive Roof Racks Market Value Share Analysis, by Country 14.8. South America Automotive Roof Racks Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Automotive Roof Racks Market Analysis, by Country 14.10. Brazil Automotive Roof Racks Market Forecast, by Product Type 14.10.1. Roof Mount, 14.10.2. Raised Rail, 14.10.3. Bike Racks 14.11. Brazil Automotive Roof Racks Market Forecast, by Material Type 14.11.1. Composite Plastic 14.11.2. Aluminium Alloys 14.11.3. Other 14.12. Mexico Automotive Roof Racks Market Forecast, by Product Type 14.12.1. Roof Mount, 14.12.2. Raised Rail, 14.12.3. Bike Racks 14.13. Mexico Automotive Roof Racks Market Forecast, by Material Type 14.13.1. Composite Plastic 14.13.2. Aluminium Alloys 14.13.3. Other 14.14. Rest of South America Automotive Roof Racks Market Forecast, by Product Type 14.14.1. Roof Mount, 14.14.2. Raised Rail, 14.14.3. Bike Racks 14.15. Rest of South America Automotive Roof Racks Market Forecast, by Material Type 14.15.1. Composite Plastic 14.15.2. Aluminium Alloys 14.15.3. Other 14.16. South America Automotive Roof Racks Market Attractiveness Analysis 14.16.1. By Product Type 14.16.2. By Material Type 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Products and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Products 15.2.3.2. M&A Key Players, Forward Integration and Backward 15.2.3.3. Integration 15.3. Company Profiles: Key Players 15.3.1. Magna International, Inc 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.1.7. MINTH Group Limited , 15.3.1.8. VDL Hapro bv, 15.3.1.9. Yakima Products, Inc., 15.3.1.10. Atera GmbH, 15.3.1.11. Rhino-Rack USA, 15.3.1.12. BOSAL, 15.3.1.13. JAC Products, 15.3.1.14. Cruzber S.A., 15.3.1.15. Thule Group 15.3.1.16. Delphi Automotive 15.3.1.17. Yazaki Corporation 15.3.1.18. Sumitomo Electric 15.3.1.19. TE Connectivity 15.3.1.20. Kyocera Corporation. 16. Primary Key Insights