Global Automotive Bicycle Rack Market 2020-2024
Technavio has been monitoring the automotive bicycle rack market and it is poised to grow by $ 820.00 mn during 2020-2024, progressing at a CAGR of 5% during the forecast period. Our reports on automotive bicycle rack market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for adventure tourism and increased safety of vehicles and bicycles. In addition, increasing demand for adventure tourism is anticipated to boost the growth of the market as well.
The automotive bicycle rack market analysis includes the product segment and geographical landscapes.
Technavio's automotive bicycle rack market is segmented as below:
- Hitch-mounted rack
- Roof-mounted rack
- Trunk-mounted rack
By Geographic Landscapes
- North America
- South America
This study identifies the introduction of new products as one of the prime reasons driving the automotive bicycle rack market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our automotive bicycle rack market covers the following areas:
- Automotive bicycle rack market sizing
- Automotive bicycle rack market forecast
- Automotive bicycle rack market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive bicycle rack market vendors that include Allen Sports USA, Atera GmbH, Car Mate Mfg. Co. Ltd., Kuat Innovations, Mont Blanc Group AB, Rhino Rack Pty Ltd., Thule Group AB, Tyger Auto Inc., VDL Groep BV, and Yakima Products Inc. Also, the automotive bicycle rack market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.