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Automotive roof racks market explores new growth opportunities by 2023

Automotive roof racks market explores new growth opportunities by 2023

Global Automotive Roof Racks Market Information Report by Material (Aluminum Alloy, Composite Plastic, Iron, and Others), by Type (Car Racks, Roof Bars, Truck Racks, others), Application (Commercial Vehicles and Passenger Cars), and by Region - Global Forecast to 2023

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Market Highlights:

Roof Racks are combinations of bars that are attached to the roofs of cars for carrying luggage. They are generally used to carry luggage, bicycle, and various carriers.

They allow the users automobiles to save the interior space by transporting objects on top of roofs. The commonly used materials for roof racks are aluminum alloy, composite plastic, and others, Out of which, Aluminum is the most commonly used.

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The factors that are responsible for the growth of automotive roof racks market are increased investment in tourism sector, increase in the production of vehicles, and rising disposable income.

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Market Research Analysis:

Asia-Pacific region is expected to dominate the automotive roof racks market, due to the increase investment in tourism sector. The increased investment in tourism sector will lead to the increase in the use of commercial and passenger cars, which will result in the growth of this market.

North America is expected to hold the majority of share of this market, due to the large number of vehicles in this region. The consumers in this region prefer their vehicles with high end automotive, such as roof bars.

This will led to the growth of automotive roof racks market globally.

Key Players of Automotive Roof Racks Market:

  • Cruzber SA (Spain)
  • Atera GmbH (Germany)
  • Thule (Sweden)
  • Yakima Products Inc (US)
  • Bosal (Belgium)
  • Rhino-Rack (USA)
  • Neumann (Germany)
  • Perrycraft Inc (US)
  • Rola (Australia)
  • Mont Blanc (Sweden)

Scope of the Report:

This study provides an overview of the global automotive roof racks market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW).

The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive roof racks market by its platform, by application, by payload, and by region.

By Material

  • Aluminum Alloy
  • Composite Plastic
  • Iron
  • Others

By Type

  • Car Racks
  • Roof Bars
  • Truck Racks
  • Others

By Application

  • Commercial Vehicles
  • Passenger Cars

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Brief TOC:

1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Automotive Roof Racks Market, By Material

4.1 Introduction

4.2 Aluminum Alloy

4.3 Composite Plastic

4.4 Iron

4.5 Others

Continue…

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