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Bike Car Rack Market by Service and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 138
  • SKU: IRTNTR74097
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The bike car rack market share is expected to increase by USD 1.15 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.34%.

This bike car rack market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bike car rack market segmentation by product (hitch-mounted rack, trunk-mounted rack, and roof-mounted rack) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The bike car rack market report also offers information on several market vendors, including 1UP USA, Allen Sports USA, Alpaca Carriers Inc., Atera GmbH, Car Mate Mfg Co Ltd, CRUZBER SA, CURT Manufacturing LLC, Freewheel Sports Pvt. Ltd., Hollywood Racks, Kuat Innovations, Mont Blanc Group AB, Rhino Rack Pty Ltd., RockyMounts Inc., Saris Cycling Group Inc., SportRack, Swagman, Thule Group AB, VDL Groep BV, and Yakima Products Inc. among others.

What will the Bike Car Rack Market Size be During the Forecast Period?

Bike Car Rack Market Size

Download Report Sample to Unlock the Bike Car Rack Market Size for the Forecast Period and Other Important Statistics

 

Bike Car Rack Market: Key Drivers, Trends, and Challenges

The increasing demand for adventure tourism is notably driving the bike car rack market growth, although factors such as the reduced fuel efficiency of vehicles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bike car rack industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bike Car Rack Market Driver

  • One of the key factors driving growth in the bike car rack market is the increasing demand for adventure tourism.
  • The high demand for adventure tourism is attributed to the changes in lifestyle, demographics, and the increasing preference for experiential traveling. 
  • Increased participation in cycling events such as Ride the Rockies and the Tour de France has increased the demand for cycling tourism among individuals.
  • Well-established cycling infrastructure provides an additional attraction for tourists and helps in diversifying the transportation options available to local citizens in many traffic-clogged cities.
  • The increasing demand for cycling as part of adventure tourism will fuel the adoption of bike car racks that allow consumers to carry bicycles to such adventure tourism destinations.

Key Bike Car Rack Market Trend

  • The growing demand for recreational activities is a bike car rack market trend that is expected to have a positive impact in the coming years.
  • Adventure trips involve the transportation of sports gear to the destination. This creates the need for different types of equipment to help carry this bulky gear that may require more space than what a regular car can provide. Increased urbanization, hectic lifestyles, overcrowded cities, and rising environmental pollution have boosted the need for getaways among people, including outdoor adventure activities.
  • As people realize the health benefits of outdoor activities, they will participate more in cycling and other recreational activities.
  • Changes in lifestyle, attitudes, and demography have resulted in increased spending on recreational activities. This, in turn, has increased the expenditure on related equipment like bike car racks.
  • Touring on bicycles is also becoming popular among Millennials due to the changes in lifestyles. In addition, activities like mountain biking and short bike touring have also increased the demand for bike car racks globally.

Key Bike Car Rack Market Challenge

  • The reduced fuel efficiency of vehicles will be a major challenge for the bike car rack market during the forecast period.
  • Increased vehicle weight and high engine power reduce fuel consumption in any vehicle. In addition, the installation of bike car racks adds significant weight to vehicles, which, in turn, also reduces their fuel efficiency.
  • Adding 100 pounds (lbs.) to a vehicle can reduce the fuel efficiency by 1% in terms of miles per gallon; adding a bike car rack and a bicycle can reduce the fuel efficiency of a vehicle by up to 9% miles per gallon. Furthermore, roof-mounted bike racks can increase the aerodynamic drag, thereby lowering fuel efficiency further.
  • Among the three major types of bike car racks available in the market currently, roof-mounted racks lead to the most reduction in fuel efficiency.
  • Bike car rack manufacturers are aware of this issue and are, therefore, focusing on manufacturing lightweight bike car racks. These factors will have a negative impact on the growth of the global bike car rack market.

This bike car rack market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global bike car rack market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bike car rack market during the forecast period.

Who are the Major Bike Car Rack Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 1UP USA
  • Allen Sports USA
  • Alpaca Carriers Inc.
  • Atera GmbH
  • Car Mate Mfg Co Ltd
  • CRUZBER SA
  • CURT Manufacturing LLC
  • Freewheel Sports Pvt. Ltd.
  • Hollywood Racks
  • Kuat Innovations
  • Mont Blanc Group AB
  • Rhino Rack Pty Ltd.
  • RockyMounts Inc.
  • Saris Cycling Group Inc.
  • SportRack
  • Swagman
  • Thule Group AB
  • VDL Groep BV
  • Yakima Products Inc.

 

This statistical study of the bike car rack market encompasses successful business strategies deployed by the key vendors. The bike car rack market is fragmented and the vendors are deploying growth strategies such as distinguishing their product offerings through a clear and unique value proposition to compete in the market.

Product Insights and News

  • Allen.bike - The company offers bike car racks such as Ultra Compact Bike Rack, Deluxe Trunk Bike Rack, and Premier Trunk Rack.

  • Allen.bike -Through this segment, the company offers a wide range of bicycle racks, such as hitch racks, trunk racks, compact racks, spare tire racks; clothing; and accessories.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bike car rack market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bike Car Rack Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bike car rack market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Bike Car Rack Market?

Bike Car Rack Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

38% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for bike car racks in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA  regions.

The fluctuating climatic conditions and slow growth in the number of outdoor enthusiasts will facilitate the bike car rack market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in the region led to the imposition of lockdowns in several countries in 2020. Measures to contain the spread of COVID-19 led to a slowdown in the supply chain and reduced the production and sales of bicycles across the region, which is primarily attributed to the restrictions imposed during the lockdowns. Following the lifting of lockdown restrictions in 2021, vendors have been expanding in the region due to the increasing demand for bicycles. 

What are the Revenue-generating Product Segments in the Bike Car Rack Market?

Bike Car Rack Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The bike car rack market share growth in the hitch-mounted rack segment will be significant during the forecast period. The advantages of hitch-mounted car racks and the presence of several global and regional vendors are expected to drive the growth of the market during the forecast period. The demand for hitch-mounted bike car racks is increasing among consumers due to continuous innovations in their design and specifications. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the bike car rack market size and actionable market insights on post COVID-19 impact on each segment.

 

Bike Car Rack Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.34%

Market growth 2022-2026

$ 1.15 billion

Market structure

Fragmented

YoY growth (%)

10.51

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, China, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

1UP USA, Allen Sports USA, Alpaca Carriers Inc., Atera GmbH, Car Mate Mfg Co Ltd, CRUZBER SA, CURT Manufacturing LLC, Freewheel Sports Pvt. Ltd., Hollywood Racks, Kuat Innovations, Mont Blanc Group AB, Rhino Rack Pty Ltd., RockyMounts Inc., Saris Cycling Group Inc., SportRack, Swagman, Thule Group AB, VDL Groep BV, and Yakima Products Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Bike Car Rack Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive bike car rack market growth during the next five years
  • Precise estimation of the bike car rack market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bike car rack industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bike car rack market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Hitch-mounted rack - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hitch-mounted rack - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Hitch-mounted rack - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Hitch-mounted rack - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hitch-mounted rack - Year-over-year growth 2021-2026 (%)
    • 5.4 Trunk-mounted rack - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Trunk-mounted rack - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Trunk-mounted rack - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Trunk-mounted rack - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Trunk-mounted rack - Year-over-year growth 2021-2026 (%)
    • 5.5 Roof-mounted rack - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Roof-mounted rack - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Roof-mounted rack - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Roof-mounted rack - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Roof-mounted rack - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 France - Market size and forecast 2021-2026
      • Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Allen Sports USA
              • Exhibit 93: Allen Sports USA - Overview
              • Exhibit 94: Allen Sports USA - Product / Service
              • Exhibit 95: Allen Sports USA - Key offerings
            • 10.4 Car Mate Mfg Co Ltd
              • Exhibit 96: Car Mate Mfg Co Ltd - Overview
              • Exhibit 97: Car Mate Mfg Co Ltd - Product / Service
              • Exhibit 98: Car Mate Mfg Co Ltd - Key offerings
            • 10.5 CURT Manufacturing LLC
              • Exhibit 99: CURT Manufacturing LLC - Overview
              • Exhibit 100: CURT Manufacturing LLC - Product / Service
              • Exhibit 101: CURT Manufacturing LLC - Key offerings
            • 10.6 Kuat Innovations
              • Exhibit 102: Kuat Innovations - Overview
              • Exhibit 103: Kuat Innovations - Product / Service
              • Exhibit 104: Kuat Innovations - Key offerings
            • 10.7 Mont Blanc Group AB
              • Exhibit 105: Mont Blanc Group AB - Overview
              • Exhibit 106: Mont Blanc Group AB - Product / Service
              • Exhibit 107: Mont Blanc Group AB - Key offerings
            • 10.8 Rhino Rack Pty Ltd.
              • Exhibit 108: Rhino Rack Pty Ltd. - Overview
              • Exhibit 109: Rhino Rack Pty Ltd. - Product / Service
              • Exhibit 110: Rhino Rack Pty Ltd. - Key offerings
            • 10.9 RockyMounts Inc.
              • Exhibit 111: RockyMounts Inc. - Overview
              • Exhibit 112: RockyMounts Inc. - Product / Service
              • Exhibit 113: RockyMounts Inc. - Key offerings
            • 10.10 Saris Cycling Group Inc.
              • Exhibit 114: Saris Cycling Group Inc. - Overview
              • Exhibit 115: Saris Cycling Group Inc. - Product / Service
              • Exhibit 116: Saris Cycling Group Inc. - Key offerings
            • 10.11 Thule Group AB
              • Exhibit 117: Thule Group AB - Overview
              • Exhibit 118: Thule Group AB - Product / Service
              • Exhibit 119: Thule Group AB - Key offerings
            • 10.12 Yakima Products Inc.
              • Exhibit 120: Yakima Products Inc. - Overview
              • Exhibit 121: Yakima Products Inc. - Business segments
              • Exhibit 122: Yakima Products Inc. - Key offerings
              • Exhibit 123: Yakima Products Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 124: Inclusions checklist
                • Exhibit 125: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 126: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 127: Research methodology
                • Exhibit 128: Validation techniques employed for market sizing
                • Exhibit 129: Information sources
              • 11.5 List of abbreviations
                • Exhibit 130: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Bike Car Rack Market market growth will increase by $1.15 bn during 2022-2026.
              The bike car rack market market is expected to grow at a CAGR of 12.34% during 2022-2026.
              Technavio has segmented the bike car rack market market by product (hitch-mounted rack, trunk-mounted rack, and roof-mounted rack) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              1UP USA, Allen Sports USA, Alpaca Carriers Inc., Atera GmbH, Car Mate Mfg Co Ltd, CRUZBER SA, CURT Manufacturing LLC, Freewheel Sports Pvt. Ltd., Hollywood Racks, Kuat Innovations, Mont Blanc Group AB, Rhino Rack Pty Ltd., RockyMounts Inc., Saris Cycling Group Inc., SportRack, Swagman, Thule Group AB, VDL Groep BV, Yakima Products Inc. are a few of the key vendors in the bike car rack market market.
              North America will register the highest growth rate of 38% among the other regions. Therefore, the bike car rack market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the bike car rack market market growth are:
              • Increasing demand for adventure tourism
              • Growing demand for recreational activities
              The bike car rack market market vendors should focus on grabbing business opportunities from the hitch-mounted rack segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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