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Car Rack Market by Product, Application, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 164
  • SKU: IRTNTR41443
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The car rack market is estimated to grow at a CAGR of 6.72% between 2022 and 2027. The size of the market is forecast to increase by USD 1,744.71 million. The growth of the market depends on serval factors, including increasing demand for smaller cars, increasing demand for adventure tourism, and growing need for pedaling. 

This report extensively covers market segmentation by product (bike car rack, roof rack, ski rack, roof box, and water sports carrier), application (passenger vehicle and commercial vehicle), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

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

Car Rack Market Size

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Parent Market Analysis

Technavio categorizes the global car rack market as a part of the global automotive components and accessories market within the global auto components market. The global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers.  Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Car Rack Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing demand for smaller cars is notably driving the market growth, although factors such as decreasing fuel efficiency may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Car Rack Market Driver

The increasing demand for smaller cars is notably driving market growth. Cars that are compact and have limited boot capacity have been launched by several car manufacturers. People prefer smaller cars over big or premium cars. This is primarily due to factors such as the high rise in fuel prices, these cars are lighter and more compact compared to big cars, and the low maintenance cost. 

In small cars, the boot space is less, and consumers must rely on the car roofs to carry excess luggage and sports equipment, especially when planning a trip. Car racks fix this problem by providing space on the exterior of a car, as they provide increased capacity and allow the carrying of a multitude of items with ease and safety. Therefore, these factors will boost the market growth during the forecast period.

Significant Car Rack Market Trend

Rising investment in R&D is an emerging trend in the market. There has been a rise in investments by various vendors in R&D activities, innovative applications, and solutions over the last few years. Additionally, vendors are also actively working on reducing the upgrades and maintenance costs.

The vendors are being forced due to rapidly changing technology and changes in consumer preferences to deliver light-weighted car racks with high efficiency to survive the commoditization in the market. Furthermore, vendors are looking for better quality car racks that can be used to tighten bicycles, bikes, and luggage during traveling. Thus, owing to such factors the market is expected to witness growth during the forecast period.

Major Car Rack Market Challenge

Decreasing fuel efficiency is a major challenge impeding the market. The two important factors that affect an automobile's fuel consumption are vehicle weight and engine power. Installing car racks add a significant amount of weight to the vehicle, which in turn reduces fuel efficiency. An extra 100 pounds is expected to reduce vehicle efficiency in miles per gallon by over 1.05%, adding a bike car rack and other equipment to reduce its fuel efficiency by up to 9%-9.5%.

Furthermore, aerodynamic drag is increased by roof-mounted bike car racks and also lower fuel economy. The fuel efficiency is reduced more in roof-mounted bike car racks compared with trunk- or hitch-mounted bike car racks. Vendors are aware of the issue and focus on manufacturing bike car racks that are lightweight. Thus, such factors are expected to inhibit market growth during the forecast period.

Key Car Rack Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Car Rack Market Share by Geography

Global Car Rack Market Customer Landscape

Who are the Major Car Rack Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ACPS Automotive GmbH - The company operates under one segment. The company under this segment focuses on developing, manufacturing, and selling safe trailers, carrier systems, and towbars for passenger cars, SUVs, and vans. The key offerings of the company include car racks. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • 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

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Car Rack Market?

The market share growth by the bike car rack segment will be significant during the forecast period. The rising number of consumers indulging in biking and cross-country road trips is expected to increase the demand for bike car racks during the forecast period. 

Car Rack Market Size

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The bike car rack segment was valued at USD1,211.48 million in 2017 and continued to grow until 2021. Owing to a rise in travel interest among consumers there will be a rise in bike sales. The rising sales of bikes positively impact the global market. Furthermore, consumers are participating in cycling as an adventure or leisure activity in the domestic markets, creating the need for carrying these bikes to biking trails or the countryside. Additionally, the popularity of bikes in countries like the US is increasing as a mode of transport. Therefore, these factors will increase the demand for the segment and positively boost the global market growth during the forecast period. 

Which are the Key Regions for the Car Rack Market?

Car Rack Market Share by Geography

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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Various initiatives in the sector provide a favorable platform for the key leading vendors in the region to increase product awareness and sales. For instance, car racing events such as F4 US Championship (2019) and Radical Cup Championship (2020) would trigger the demand for car racks during the forecast period. additionally, the US and Canada have a mature market for skiing in the region which will also boost the regional market during the forecast period. 

In 2020, the outbreak of COVID-19 negatively impacted the growth of the market in the region. However, in 2021 the initiation of large-scale vaccination drives and the lifting of lockdown restrictions revived the growth of the market. In addition, the reopening of the global market will offer a favorable environment for automakers in North America to increase their production, which will fuel the demand for car racks. The increased demand for sports utility vehicles is expected to rise the sales of car accessories, including car racks, which, in turn, will boost the growth of the regional market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Bike car rack, Roof rack, Ski rack, Roof box, and Water sports carrier), Application (Passenger vehicle and Commercial vehicle), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).

  • Product Outlook (USD Million, 2017 - 2027)
    • Bike car rack
    • Roof rack
    • Ski rack
    • Roof box
    • Water sports carrier
  • Application Outlook (USD Million, 2017 - 2027)
    • Passenger vehicle
    • Commercial vehicle
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Car Rack Market Scope

Report Coverage

Details

Page number

164

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.72%

Market growth 2023-2027

USD 1,744.71 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.16

Regional analysis

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

Performing market contribution

North America at 36%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ACPS Automotive GmbH, 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, Thule Group AB, TOWER POPULAR Ind Co. Ltd., Tradesman Roof Racks, 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, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the car rack market between 2023 and 2027
  • Precise estimation of the car rack market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of car rack market vendors

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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 Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global car rack market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global car rack market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Bike car rack - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Bike car rack - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Bike car rack - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Bike car rack - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Bike car rack - Year-over-year growth 2022-2027 (%)
    • 6.4 Roof rack - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Roof rack - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Roof rack - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Roof rack - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Roof rack - Year-over-year growth 2022-2027 (%)
    • 6.5 Ski rack - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Ski rack - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Ski rack - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Ski rack - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Ski rack - Year-over-year growth 2022-2027 (%)
    • 6.6 Roof box - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Roof box - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Roof box - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Roof box - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Roof box - Year-over-year growth 2022-2027 (%)
    • 6.7 Water sports carrier - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Water sports carrier - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Water sports carrier - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Water sports carrier - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Water sports carrier - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 55: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 57: Chart on Comparison by Application
      • Exhibit 58: Data Table on Comparison by Application
    • 7.3 Passenger vehicle - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Passenger vehicle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Passenger vehicle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Passenger vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Passenger vehicle - Year-over-year growth 2022-2027 (%)
    • 7.4 Commercial vehicle - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Commercial vehicle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Commercial vehicle - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Commercial vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Commercial vehicle - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 67: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 China - Market size and forecast 2022-2027
      • Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 ACPS Automotive GmbH
              • Exhibit 120: ACPS Automotive GmbH - Overview
              • Exhibit 121: ACPS Automotive GmbH - Product / Service
              • Exhibit 122: ACPS Automotive GmbH - Key offerings
            • 12.4 Atera GmbH
              • Exhibit 123: Atera GmbH - Overview
              • Exhibit 124: Atera GmbH - Product / Service
              • Exhibit 125: Atera GmbH - Key offerings
            • 12.5 Car Mate Mfg Co Ltd
              • Exhibit 126: Car Mate Mfg Co Ltd - Overview
              • Exhibit 127: Car Mate Mfg Co Ltd - Product / Service
              • Exhibit 128: Car Mate Mfg Co Ltd - Key offerings
            • 12.6 CRUZBER SA
              • Exhibit 129: CRUZBER SA - Overview
              • Exhibit 130: CRUZBER SA - Product / Service
              • Exhibit 131: CRUZBER SA - Key offerings
            • 12.7 Demar UK Ltd.
              • Exhibit 132: Demar UK Ltd. - Overview
              • Exhibit 133: Demar UK Ltd. - Product / Service
              • Exhibit 134: Demar UK Ltd. - Key offerings
            • 12.8 Front Runner GmbH
              • Exhibit 135: Front Runner GmbH - Overview
              • Exhibit 136: Front Runner GmbH - Product / Service
              • Exhibit 137: Front Runner GmbH - Key offerings
            • 12.9 JAC Products
              • Exhibit 138: JAC Products - Overview
              • Exhibit 139: JAC Products - Product / Service
              • Exhibit 140: JAC Products - Key offerings
            • 12.10 KAMEI GmbH and Co. KG
              • Exhibit 141: KAMEI GmbH and Co. KG - Overview
              • Exhibit 142: KAMEI GmbH and Co. KG - Product / Service
              • Exhibit 143: KAMEI GmbH and Co. KG - Key offerings
            • 12.11 Kuat Innovations
              • Exhibit 144: Kuat Innovations - Overview
              • Exhibit 145: Kuat Innovations - Product / Service
              • Exhibit 146: Kuat Innovations - Key offerings
            • 12.12 Mont Blanc Group AB
              • Exhibit 147: Mont Blanc Group AB - Overview
              • Exhibit 148: Mont Blanc Group AB - Product / Service
              • Exhibit 149: Mont Blanc Group AB - Key offerings
            • 12.13 Perrycraft Inc.
              • Exhibit 150: Perrycraft Inc. - Overview
              • Exhibit 151: Perrycraft Inc. - Product / Service
              • Exhibit 152: Perrycraft Inc. - Key offerings
            • 12.14 Rhino Rack Pty Ltd.
              • Exhibit 153: Rhino Rack Pty Ltd. - Overview
              • Exhibit 154: Rhino Rack Pty Ltd. - Product / Service
              • Exhibit 155: Rhino Rack Pty Ltd. - Key offerings
            • 12.15 Saris Equipment LLC
              • Exhibit 156: Saris Equipment LLC - Overview
              • Exhibit 157: Saris Equipment LLC - Product / Service
              • Exhibit 158: Saris Equipment LLC - Key offerings
            • 12.16 Thule Group AB
              • Exhibit 159: Thule Group AB - Overview
              • Exhibit 160: Thule Group AB - Business segments
              • Exhibit 161: Thule Group AB - Key offerings
              • Exhibit 162: Thule Group AB - Segment focus
            • 12.17 Yakima Products Inc.
              • Exhibit 163: Yakima Products Inc. - Overview
              • Exhibit 164: Yakima Products Inc. - Product / Service
              • Exhibit 165: Yakima Products Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 166: Inclusions checklist
                • Exhibit 167: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 168: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 169: Research methodology
                • Exhibit 170: Validation techniques employed for market sizing
                • Exhibit 171: Information sources
              • 13.5 List of abbreviations
                • Exhibit 172: 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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              Car Rack market growth will increase by $1744.71 million during 2023-2027.
              The car rack market is expected to grow at a CAGR of 6.72% during 2023-2027.
              Technavio has segmented the car rack market by product (Bike car rack, Roof rack, Ski rack, Roof box, and Water sports carrier) ,application (Passenger vehicle, Commercial vehicle, APAC, Middle East and Africa, and South America) , and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              ACPS Automotive GmbH, 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, Thule Group AB, TOWER POPULAR Ind Co. Ltd., Tradesman Roof Racks, Yakima Products Inc. are a few of the key vendors in the car rack market.
              North America will register the highest growth rate of 36.05% among the other regions. Therefore, the car rack market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • China
              • Germany
              • UK
              The key factors driving the car rack market growth are:
              • Increasing demand for smaller cars
              • Increasing initiatives to enhance participation in skiing
              The car rack market vendors should focus on grabbing business opportunities from the bike car 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?
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