Car Rack Market - Growth, Trends, and Forecast (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||635773|
|出版日期||內容資訊||英文 73 Pages
|車架的全球市場:成長率，趨勢及預測分析(2019年∼2024年) Car Rack Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日期: 2019年06月01日||內容資訊: 英文 73 Pages||
The global car rack market was valued at USD 1,322.05 million in 2018 and is expected to project a CAGR of 6.90%, during the forecast period, 2019-2024.
Car racks are the combination of bars that are attached to the roof or back of the car for carrying luggage, bicycles, etc. They allow the user to use the interior space to its full by transporting the objects to the rooftop. The car racks are used to increase the luggage-carrying capacity of the given vehicle.
The global car rack market has been segmented by application and geography.
Roof Box - Second Fastest Growing Segment
The roof box segment was valued at USD 264.41 million in 2018 and is expected to witness a growth rate of 7.22%, during the forecast period, 2019-2024.
Roof boxes are built and designed with a variety of materials, features, and sizes.
In September 2018, Thule Group officially unveiled Thule Vector and Thule Force XT cargo boxes at Automechanika. A roof box is ideal for families on vacation, as it can carry luggage, outdoor gear, and bulky loads. The company also offers the Thule Motion XT, which comes in four sizes, ranging from 300 to up to 610 liters. It has smart features, like SlideLock system with separate locking and opening functions, and is easy to mount, due to the pre-installed PowerClick quick-mount system.
Some people prefer roof top cargo luggage travel bag instead of boxes, due to its soft covers that allow travelers to carry objects, which may be oddly shaped and not fit under the hardcover cargo carriers. Due to the use of vinyl materials, these bags are waterproof and can be folded flat when not in use, for simpler storage. However, these bags are not ideal for sharp or delicate objects.
The price of roof cargo bags varies from USD 50 to USD 200, whereas the roof boxes cost more than USD 300, depending on the dimension and load carrying capacity.
Thule Group, Yakima, Inno Advanced Car Racks (CAR MATE MFG CO. LTD), and Malone Auto Racks offer roof boxes, globally. Inno offers cargo boxes in four series, namely, Phantom Series, Wedge Series, Shadow Series, and Ridge Series.
North America - Dominated the Market
In 2018, the global car rack market was dominated by North America. The region accounted for 48.09% of the global market. The North American region was dominated by the US.
Some of the major factors driving the growth of the US market are growing demand for vehicles by the tourism sector (car rental and taxi services), increasing demand for recreational vehicles (rise in demand for recreational travels among the consumers), and a large number of young people moving out to different cities in the United States for studies and work.
According to the US Travel Association, the number of domestic leisure trips accounted for 1,821.2 million in 2018 and is expected to reach over 1,900 million by 2022. Nowadays, people in the country are opting for road trips and water sport activities during their vacations and holidays, which in turn is driving the demand for the roof rack, roof box, bike car rack, and watersport carrier in the country.
Allen Sports, Rhino Racks, Thule, Yakima, Saris, and Kuat are prominent players that offer different car racks in the country.
The global car rack market is consolidated, with major players accounting for two-thirds of the total market share. Some of the major market players are the Thule Group, Yakima Products, Allen Sports, and Rhino Rack.
Thule group accounted for more than 50% in the global market. The company has an active presence in Europe and North America. It is focusing on diversifying its product portfolio through new launches and acquisitions, to maintain its competitive position in the market.