Global Automotive Roofs Racks Market, By Material (Aluminium Alloy, Composite Plastic, Others), Type (Roof Mount, Raised Rail, Gutter, Others), Application (Commercial Vehicles, Passenger Cars), Sales Channel (Original Equipment Manufacturers, Independent Suppliers), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), 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 Roofs Racks Market
Automotive roofs racks market will grow at a CAGR of 6.79% in the forecast period of 2021 to 2028. Rise in number of tourists across the world is an essential factor driving the automotive roofs racks market in the forecast period mentioned above.
A roof rack is the group of bars which are attached at the top of the vehicles. Roof racks helps in allowing the user to carry an object from one place to other without reducing the interior space. The sole purpose of roof rack is used to carry bulk items such as bicycles luggage and several carriers. The most common type of roof racks is towers, rails, and mounts. They are majorly used in trucks and cars. The materials which are most commonly used in roof racks are composite plastic, aluminium alloy among others.
Rise in vehicle production is a crucial factor accelerating the market growth, also rising disposable income, increased standard of living, rising growth in adventure sports and tourism activities, increasing growth in technology and research and development to produce more strong materials, rising investment in travel and tourism sector due to which the use of roof rack to carry the luggage has been widely used which can sustain more load and low maintenance cost, flexibility, and very low operational cost are the major factors among others boosting the automotive roofs racks market. Moreover, rising modernization in the production techniques will further create new opportunities for automotive roofs racks market in the forecast period mentioned above.
However, the roof rack cause air resistance to the vehicles while driving, additionally the overall weight of the vehicle will be increased, and hence, the fuel efficiency of the vehicles is reduced which will curtail the market growth, and will further challenge the automotive roofs racks market in the forecast period mentioned above.
This automotive roofs racks market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 roofs racks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Roofs Racks Market Scope and Market Size
Automotive roofs racks market is segmented on the basis of material, type, application, sales channel and vehicle type. The growth among segments helps you analyse 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 material, automotive roofs racks market is segmented into aluminium alloy, composite plastic and others.
- Based on type, the automotive roofs racks market is segmented into roof mount, raised rail and gutter and others.
- Based on application, the market is segmented into commercial vehicles and passenger cars.
- Based on sales channel, the automotive roofs racks market is segmented into original equipment manufacturers and independent suppliers.
- The automotive roofs racks market is also segmented on the basis of vehicle type into passenger cars, light commercial vehicles and heavy commercial vehicles.
Automotive Roofs Racks Market Scope Country Level Analysis
Automotive roofs racks market is analysed and market size, volume information is provided by country, material, type, application, sales channel and vehicle type as referenced above.
The countries covered in the automotive roofs racks 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 dominates the automotive roofs racks market due to rising presence of major automotive manufacturers in the region, growing tourism industry, rising presence of a large number of international and local manufacturers in this region. North America is the second largest region in terms of growth in automotive roofs racks market due to the large number of automotive present in this region.
The country section of the automotive roofs racks market 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 Roofs Racks Market Share Analysis
Automotive roofs racks 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 roofs racks market.
The major players covered in automotive roofs racks market report are CRUZBER SA, Atera GmbH, Thule Group, Yakima, Inc., BOSAL, Rhino-Rack USA, LLC, NEUMANN, spol. s r.o., John Jordan Limited, Perrycraft, Horizon Global Corporation, Khalsa Auto Industries., Sekhri Industries., Lotex Auto Industries., M Tek Engineers, Brilliant Metal Truss., Daijex Auto Industries., Skyjumper Sports And Amusements Private Limited., MINTH Group Ltd., VDL Hapro and JAC Products, among 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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