Global Automotive Roof Bar Market, By Product Type (Railing, Clamping, Fixed Point, Others), Material Type (Steel Roof Bars, Aluminium Roof Bars, Composite Plastic), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Distribution Channel (Original Equipment Manufacturers (OEM), Independent Suppliers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Roof Bar Market
Automotive roof bar market is expected to grow at a compound annual growth rate of 6.90% over the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive roof bar market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The roof rack or roof bars is a set of bars that are attached at the top of vehicles. The main function of these roof bars is to carry items such as luggage and various objects from one place to other devoid of reducing the internal space of the vehicle.
The automotive roof bar market has a huge potential to grow over the forecast period of 2021 to 2028, due to the growth and development in the overall automotive sector. In addition, in developed nations, high standard of living and increasing disposable incomes have enabled consumers to use vehicles, which have all the aftermarket products built-in for efficient use of their automobiles.Also the high growth in adventure sports and tourism activities is another driver flourishing the growth of automotive roof bar market, which in turn is raising the growth of the target market. Additionally, theincrease in preference for outdoor and recreational activities will also boost the growth of theautomotive roof bar market in the above mentioned forecast period. Likewise, the various manufacturers are focusing on the growth of lightweight and durable roof racks in order to decrease the weight of the vehicle, thus accelerating the growth of the target market. The increase in the production of vehicle and rising sales of vehicle will also fuel the growth of the automotive roof bar market.
However, the disadvantage of mounting roof bars are that they origin air resistance to the vehicles while driving, so the overall weight of the vehicle gets increased, and therefore, the fuel effectiveness of the vehicles is reduced which will act as market restraint for automotive roof bar in the forecasted period of 2021 to 2028. In addition, the growth in technology and research and development to produce more strong materials, which can sustain more load will further offer various growth opportunities for the automotive roof bar market in the above mentioned forecast period.
This automotive roof bar market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive roof bar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Roof Bar Market Scope and Market Size
Automotive roof bar market is segmented on the basis of product type, material type, and vehicle type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the automotive roof bar market is segmented into railing, clamping, fixed point and others. Others have further been segmented into boxes, racks and bicycle loaders.
- Based on material type, the automotive roof bar market is segmented intosteel roof bars, aluminium roof bars and composite plastic.
- On the basis of vehicle type, the automotive roof bar market is segmented into passenger cars, light commercial vehicles and heavy commercial vehicles.
- The automotive roof bar market has also been segmented on the basis of distribution channel into original equipment manufacturers (OEM) and independent suppliers.
Automotive Roof Bar Market Country Level Analysis
Automotive roof bar market is analyzed and market size, volume information is provided by country, product type, material type, vehicle type and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the automotive roof bar market owing to the rapid rise in the production of vehicle and rising sales of vehicle due to increase in disposable incomein this particular region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the large number of automotive present in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Roof Bar Market Share Analysis
Automotive roof bar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive roof bar market.
The major players covered in the automotive roof bar report areCRUZBER SA, John Jordan Limited,MINTH Group Ltd.,Yakima, Inc.,SportRack, Magna International Inc.,Atera GmbH, NEUMANN,spol. S.r.o.,Thule, ROCKYMOUNTS, Malone Auto Racks,Kaut Racks,ROLA,JAC Products, Saris,Prorack, Rhino-Rack USA, LLC, BOSAL,VDL Haprobv and Perrycraftamong other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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