PUBLISHER: The Business Research Company | PRODUCT CODE: 1615025
PUBLISHER: The Business Research Company | PRODUCT CODE: 1615025
Roll cages are protective structures made from welded steel tubing, intended to protect vehicle occupants during rollovers or collisions. They are crucial for motorsport and off-road activities, providing added rigidity and safety to the vehicle.
The primary types in the roll-cage market are built-in and external roll-cages. A built-in roll-cage is incorporated directly into the vehicle's framework during its design and manufacturing stage. These roll cages are used in various applications such as road cars, tractors, and more, and are distributed through both online and offline sales channels.
The roll-cage market research report is one of a series of new reports from The Business Research Company that provides roll-cage market statistics, including roll-cage industry global market size, regional shares, competitors with a roll-cage market share, detailed roll-cage market segments, market trends, and opportunities, and any further data you may need to thrive in the roll-cage industry. This roll-cage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The roll-cage market size has grown rapidly in recent years. It will grow from $92.64 billion in 2023 to $102.36 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth during the historic period can be attributed to factors such as industrial expansion, evolving consumer preferences, increased government expenditure, rising demand for automation, and the growing trend of industrial facility remodeling.
The roll-cage market size is expected to see rapid growth in the next few years. It will grow to $153.23 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. In the forecast period, growth is expected to be driven by continued modernization, an increasing focus on packaging and secure product delivery, government initiatives, a surge in demand for logistical services, and the expanded use of baggage handling systems. Key trends anticipated during this period include advancements in e-commerce technologies, ongoing technological innovations, the rise of digital technology, and the integration of data analytics.
The growing production of motor vehicles is anticipated to drive the roll cage market in the coming years. This increase in vehicle production is linked to advancements in automation, precision engineering, supply chain management, and innovations in materials and manufacturing technologies, all aimed at enhancing efficiency, quality, and scalability. Roll cages provide crucial structural reinforcement to vehicles, protecting occupants during rollovers and collisions, which improves overall safety and reduces injury risk. For example, the European Automobile Manufacturers' Association (ACEA) reported that global motor vehicle production reached 85.4 million units in 2022, a 5.7% increase from 2021. Thus, rising motor vehicle production is propelling the roll cage market.
Key players in the roll cage market are focusing on innovative products that utilize advanced plasma technology to improve strength and durability. This technology allows for precise material treatment and welding, enhancing the structural integrity of roll cages and their ability to endure extreme forces in accidents. For instance, in May 2022, WelderD, a U.S.-based roll cage manufacturer, implemented plasma technology for cutting tubes used in all-terrain vehicle (ATV) roll cages. This method enhances the efficiency and accuracy of the manufacturing process, especially in creating the tubular structures essential for ATV safety and performance. Plasma cutting provides clean, precise cuts critical for ensuring components fit together seamlessly, thereby improving structural integrity and speeding up production times.
In February 2022, Greenbriar Equity Group, a U.S.-based private equity firm, acquired JEGS Automotive for an undisclosed sum. This acquisition aims to expand Greenbriar's portfolio in the automotive aftermarket sector and leverage JEGS' established brand presence. JEGS Automotive is known for manufacturing automotive accessories, including roll cages.
Major companies operating in the roll-cage market are Sparco S.p.A., OMP Racing, Cusco, HMS Motorsport, Custom Cages Ltd., Rollcage Components Ltd, Kirk Racing Products, Rhino Racks, Redline Rollcages, Rollcentre Racing, Autopower Industries, Wiechers Sport, Brown Davis Automotive, Demon Tweeks, All Star Performance, Mini Mania, Safety Devices, ProFormance Metals, Pinnacle Motorsport, Britpart, TGW Group, Steel Mart, Saraswati Engineering Limited
North America was the largest region in the roll-cage market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the roll-cage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the roll-cage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The roll cage market consists of sales of full roll cage kits, bolt-in roll cages, weld-in roll cages, roll bars, and door bars. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Roll-Cage Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on roll-cage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for roll-cage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The roll-cage market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.