Car Rack Market, By Vehicle Type (Passenger car and Commercial car), By Type (Rail raised, Gutter, Roof mount, and Other), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Description

The car rack market is estimated to be valued at US$ 1.54 Bn in 2024 and is expected to reach US$ 2.27 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.54 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.70%	2031 Value Projection:	US$ 2.27 Bn

Figure. Car Rack Market Share (%), By Region, 2024

The car rack market has been witnessing steady growth in the recent years. A car rack is a type of luggage carrier that mounts on the roof of a car, providing additional storage space to transport items like skis, bicycles, kayaks, and other luggage during travel. Increased outdoor recreational activities and road trips have boosted the demand for car racks that facilitate easy and secure loading of sports gear and equipment on vehicles. Furthermore, rising consumer inclination toward an active lifestyle and adventure sports is a key factor driving the sales of car racks. However, factors such as requirement of regular maintenance and high cost of specialty car racks pose challenges to market growth.

Market Dynamics:

Increasing consumer preference for recreational activities such as cycling, skiing, camping, and kayaking is also fueling the demand for car racks. Introduction of innovative designs and lightweight materials in car racks enhances user convenience and experience. However, high costs associated with specialty car racks and need for frequent maintenance and replacement of parts restraints the market growth. Emergence of roof racks featuring enhanced security and safety functions presents considerable opportunities for market expansion.

Key features of the study:

This report provides an in-depth analysis of the global car rack market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global car rack market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Atera GmbH, Car Mate Mfg Co Ltd, Cequent, CRUZBER SA, Demar UK Ltd., Farad Pvt. Ltd., Front Runner GmbH, JAC Products, KAMEI GmbH and Co. KG, Kuat Innovations, Malone Auto Racks, Mont Blanc Group AB, Perrycraft Inc., Rhino Rack Pty Ltd., and Saris Equipment LLC

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global car rack market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global car rack market

Market Segmentation

By Vehicle Type
- Passenger car
- Commercial car
By Type
- Rail raised
- Gutter
- Roof mount
- Other
By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Players
- Atera GmbH
- Car Mate Mfg Co Ltd
- Cequent
- CRUZBER SA
- Demar UK Ltd.
- Farad Pvt. Ltd.
- Front Runner GmbH
- JAC Products
- KAMEI GmbH and Co. KG
- Kuat Innovations
- Malone Auto Racks
- Mont Blanc Group AB
- Perrycraft Inc.
- Rhino Rack Pty Ltd.
- Saris Equipment LLC

Product Code: CMI5379

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Vehicle type
- Market Snippet, By Type
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launch/Approvals
Impact of the COVID-19 Pandemic

4. Global Car Rack Market, By Vehicle type, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Passenger car
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Commercial car
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Car Rack Market, By Type, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Rail raised
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Gutter
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Roof mount
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Car Rack Market, By Region, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Vehicle type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Vehicle type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.K.
  - Germany
  - Italy
  - France
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Vehicle type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - China
  - India
  - ASEAN
  - Australia
  - South Korea
  - Japan
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Vehicle type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Vehicle type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - GCC Countries
  - South Africa
  - Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- Atera GmbH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Car Mate Mfg Co Ltd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Cequent
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CRUZBER SA
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Demar UK Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Farad Pvt. Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Front Runner GmbH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- JAC Products
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- KAMEI GmbH and Co. KG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kuat Innovations
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Malone Auto Racks
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mont Blanc Group AB
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Perrycraft Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Rhino Rack Pty Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Saris Equipment LLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Research Methodology

References
Research Methodology
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