The global Car Racks market was valued at US$ 1213 million in 2022 and is projected to reach US$ 1747 million by 2029, at a CAGR of 5.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Car Racks market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Car Racks market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Car Racks market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
A car rack consists of set of bars mounted on the roof of a car. It acts as an anchor that supports and securely holds a large variety of items, increasing the luggage carrying capacity of a car. These racks are also specialized to mount bikes, water sports equipment, skis, and boats. While some vehicles come with standard factory-installed car racks, others can be purchased and fit with aftermarket parts. They can be fit either temporarily or permanently. They can also be personalized to suit a variety of needs and are characterized based on the load bearing capacity and the types of roofs they are designed to fit. Car racks are used to optimize luggage space, provide comfort and convenience.
This report aims to provide a comprehensive presentation of the global market for Car Racks, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Car Racks. This report contains market size and forecasts of Car Racks in global, including the following market information:
- Global Car Racks Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global Car Racks Market Sales, 2018-2023, 2024-2032, (K Units)
- Global top five Car Racks companies in 2022 (%)
One of the major drivers for this market is increasing demand for smaller cars. Several car manufacturers have introduced compact cars that come with a limited boot capacity. The hike in fuel prices has led to the downsizing of vehicles, and therefore, people prefer smaller cars over premium big cars as they are light, compact, and run with lower costs. Further, the report states that one of the major factors hindering the growth of this market is difficulties in installation. The car racks can be installed or removed based on the need and preference of the consumer. However, the task of removing and fitting the racks is tedious. While some car racks are easier to fix and remove, others often involve technical steps. The process of attaching and removing these racks sometimes also damage the frame or paint job of the car concerned.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Car Racks manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Car Racks Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Car Racks Market Segment Percentages, by Type, 2022 (%)
- Roof Rack
- Ski Rack
- Roof Box
- Water Sport Carrier
- Bike Car Rack
Global Car Racks Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Car Racks Market Segment Percentages, by Application, 2022 (%)
- Online Retail
- Offline Retail
Global Car Racks Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Car Racks Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Car Racks revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Car Racks revenues share in global market, 2022 (%)
- Key companies Car Racks sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Car Racks sales share in global market, 2022 (%)
key players include:
- Allen Sports
- Thule
- Yakima Products
- Atera
- CARMATE
- HandiWorld
- JAC Products
- KAMEI
- K?at
- Malone Auto Racks
- Pendle Engineering
- Rhino-Rack
Outline of Major Chapters:
Chapter 1: Introduces the definition of Car Racks, market overview.
Chapter 2: Global Car Racks market size in revenue and volume.
Chapter 3: Detailed analysis of Car Racks manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Car Racks in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Car Racks capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
