Global Automotive Roof Racks Market is valued at USD 2215.4 Million in 2021 and is expected to reach USD 3424.7 Million by 2028 with a CAGR of 6.42% over the forecast period.
Automotive roof racks are a set of bars which is attached to the roof of a motor car. It is used to carry heavy items such as luggage, bicycles, canoes, kayaks, skis, or different carriers and containers. Before the roof rack was permanently attached to the roof of the motor car and mechanic was required to take apart it. Now the roof racks can be fitted temporarily and is more effective and efficient, it can be fitted or attached by simple hook and joints on the roof of the vehicle.
The impact of Covid-19 had been unusual and stunning, the automotive roof rack market witnessed a decline in demand due to a tremendous decline in the growth of the automotive industry. The result from Covid-19 will focus organizations on the need to automate faster in the medium term, to help bridge the productivity gap. Covid-19 is by far the most notable theme to affect the technology automation industry in 2020. It is a stress test on companies' ability to cope with extreme shocks and financial crises.
The Global Automotive roof racks market is segmented on the basis of material, application, product type and region & country level. On the basis of material, the global automotive roof racks market is classified as aluminum, composite plastic and steel. Based on application, the market is segmented as commercial vehicles and passenger vehicles. Based on product type, the global automotive roof racks market is segmented as fixpoint, clamping, railing, bare roof mount, gutters and others.
The regions covered in automotive roof racks market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global automotive roof racks is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Automotive Roof Racks Market reports cover prominent players like
On February 1st, 2022;– Front Runner Outfitters (Front Runner), the South African-based adventure travel gear company, launched its Slimsport Roof Rack system. The system provides an additional entry point in the Overlanding market, beginning with compatibility for five vehicle models.
On July 30th, 2021;– Polaris, the world leader in powersports and off-road innovation, announced its collaboration with industry leader Rhino-Rack on a line of premium storage solutions and accessories designed specifically for RANGER and GENERAL vehicles. The industry-leader in the off-road world complemented by a trusted brand in outdoor adventure accessories, including durable and easy-to-use roof racks, bed racks and other accessories to help users get more done or stay organized for the next adventure. Designed with the latest in carrier technology and tested to rigorous off-road standards, the exclusive Rhino-Rack storage solutions maximize storage capacity for RANGER and GENERAL, with easy installation so riders are confidently prepared for whatever the day may bring. It designed RANGER Rear Bed Rack / Roof Racks which is the Rear Bed Rack/3-Seat Roof Rack attaches to the roof or bed of RANGER with Rhino-Rack mounts (sold separately), to carry cargo overhead, maximize capacity in the bed of the machine and free up space in the cab. Crew Roof Rack and mount are also available.
The notable increase in the interests amongst customers for adventure sports and tourism activities support by the rising tourism industry is one of the major factors driving the demand for automotive roof racks. Globally, tourists are spending on accessories which requires as a part of the allied activity, such as canoe for canoeing, bikes for bike riding, equipment for hang gliding, and other such adventures activities. As such, it is a difficult for the people to carry those accessories in their vehicles as there is not much space for passengers and accessories entirely inside the vehicle. Automotive roof racks provides the service of carrying the luggage and accessories thereby promoting enhanced vehicle interior space for a comfortable tourist ride. This leads to drive the market of automotive roof racks market. According to The World Bank, expenditures for international tourism increased from 1,004.99 billion (in current USD) in the year 2010 to 1.4 trillion (in current USD) in the year 2019.
Additionally, rising disposable income especially in the emerging economies is also expected to foster the market growth. According to Organization for Economic Co-operation and Development (OECD), the expendable income in USA increased from 40,622.36 USD per Capita in the year 2010 to 50,500 USD per Capita in the year 2019. The total disposable personal income for nation was 15.80 trillion dollars in 2020 Moreover, Europe observed an increase in household disposable income from 9 thousand euros in the year 2010 to 13.99 thousand euros in the year 2020. The growing household disposable income of consumers worldwide leads to the rising standards of living of people. Due to such a factor, customers are highly spending on other goods which meet their social needs except from their regular basic needs.
However, an increase in the laden weight of the vehicle may restrain the growth of the automotive roof racks market. Attaching any large accessory to the vehicle increases the overall weight of the vehicle. Once the vehicle is loaded with goods, there is an increase in the loaded weight which might affect the increase in the fuel consumption of the vehicle. Installing a roof rack also causes air resistance which also contributes to a high fuel consumption of the vehicle. Such factors are anticipated to restrain the growth of the global automotive roof rack market during the forecast period. In spite of that, the companies are strives to focus on developing lightweight and durable roof racks to decrease the weight of the vehicle, which may create new opportunities for the further growth of the global automotive roof racks market.
The Asia Pacific market is expected to witness the fastest growth in the global automotive roof racks market owing to the presence of major automotive manufacturing players and the increasing growth tourism industry in this region. The increasing urban population in countries like India and China which represent more than 38% of global population, this urbanization is also supplementing the growth of automobile sectors which in turn leads to supplement the demand for automotive roof racks. Additionally, the presence of a large number of international and local key players in the region is also expected to augment the revenue growth of Asia Pacific automotive roof racks market over the forecast period.
North America in expected to show a significant growth in the global automotive roof rack market. The growing usage of cycling in the U.S. coupled with uptick in leisure travel leads to drive the market in North America region. Most of the people of the country prefer cycling from one place to another in United States. They carry the bicycle to the expected destinations by mounting it to the car roof. Additionally according to the U.S. Travel Association, domestic traveling in the country increased by 1.8 % in 2020 compared to previous year. And also leisure travel considered for more than 80% in all domestic travel in the country in 2020. The usage of snowboards is also increasing in these countries which is also supplementing the demand for the automotive roof racks market in this region.
Europe is the third major market in the automotive roof rack market. The large automotive sector in the region coupled with the presence of significant car makers leads to drive the market growth in this region. The increase in the car roof market is dependent on the growth of the automotive sector. Additionally, Germany is ranking first in this market, most of the leisure trip is taken in Germany.
Middle East and Africa
|Historical data||2015 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 592.4 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||11.2%|
|Market Size Expected in 2028:||USD 1245.6 Million|
|Tables, Charts & Figures:||175|
|Automotive Roof Racks Manufacturers||Delphi Automotive,Magna International Inc., MINTH Group Limited, VDL Hapro bv, Yazaki Corporation, Yakima Products Inc, Atera GmbH, Sumitomo Electric, Rhino-Rack, BOSAL, JAC Products, others|
|Segments Covered||By Material, By Application, By Product Type|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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