IMARC Group, a leading market research company, has released a report titled “Car Rack Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global car rack market is expected to exhibit a growth rate (CAGR) of 5.4% during 2023-2028.

A car rack is a practical accessory developed to transport numerous items on the roof or rear of a vehicle that are invaluable for expanding a vehicle’s carrying capacity, making them indispensable for outdoor enthusiasts, travelers, and everyday commuters. It is available in numerous types, including roof, hitch, and trunk-mounted racks. Roof racks are installed on the roof of a vehicle and are ideal for carrying items such as bicycles, skis, kayaks, or cargo boxes. Hitch racks attach to the rear hitch receiver and are suitable for transporting bicycles and other gear. Trunk-mounted racks are versatile and can be installed on the rear trunk or hatchback, accommodating bikes and lightweight cargo. Additionally, it offers convenience and efficiency, allowing users to transport sports equipment, luggage, camping gear, or extra cargo for long trips. It is also produced from durable materials, including aluminum or steel, to ensure driving safety and stability.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/car-rack-market/requestsample

Car Rack Market Trends and Drivers:

The car rack market is primarily driven by the increasing interest in outdoor activities and recreational sports. In addition, many individuals engage in activities such as cycling, kayaking, skiing, and camping, influencing the market growth. Car racks provide a convenient solution for transporting equipment and gear to these outdoor destinations, making them an essential accessory for adventure enthusiasts. Moreover, the rise in eco-consciousness encouraged individuals to opt for carpooling and ridesharing to reduce their carbon footprint, representing another major growth-inducing factor. Also, car racks allow drivers to carry several bicycles or sporting equipment, facilitating group outings and carpooling efforts, which aligns with the trend toward sustainability and environmental responsibility. Besides this, the growing e-commerce industry offers consumers the convenience of online shopping, allowing them to browse and purchase car racks suitable for their vehicles, accelerating the market growth. Furthermore, the rising demand for car racks among families and travelers, which can be installed on various car models, from sedans to SUVs, appeals to numerous consumers, further creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Roof Rack
  • Roof Box
  • Bike Car Rack
  • Ski Rack
  • Watersport Carrier
  • Others

Breakup by Material:

  • Aluminium Alloy
  • Composite Plastic
  • Stainless Steel
  • Others

Breakup by End Use:

  • OEM
  • Aftermarket

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • ACPS Automotive GmbH
  • Atera GmbH, Bosal Nederland B.V.
  • Cruzber SA, KAMEI GmbH & Co. KG
  • Magna International Inc.
  • Mont Blanc Group AB (Brenderup Group AB)
  • Thule Group AB
  • VDL Hapro B.V. and Yakima Products Inc. (Kemflo International Co. Ltd.)

Explore full report with table of contents: https://www.imarcgroup.com/car-rack-market

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