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Global Car Rack Market 2017-2021

Global Car Rack Market 2017-2021

About Car Racket

A car rack consists of a set of bars mounted on the roof, hitch, or trunk of a car that secures bikes and skiing equipment for transportation. It acts as an anchor, which supports and securely holds many items, amplifying the luggage-carrying capacity of a car.

Technavio’s analysts forecast the global car racket market to grow at a CAGR of 6.23% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global car racket market for 2017-2021. To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments.

The market is divided into the following segments based on geography:

  • North America
  • Europe
  • APAC
  • ROW
Technavio's report, Global Car Racket Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Allen Sports
  • Thule
  • Yakima Products
Other prominent vendors
  • Atera
  • CARMATE
  • CRUZBER
  • HandiWorld
  • Hapro
  • JAC Products
  • KAMEI
  • Küat
  • Malone Auto Racks
  • Mont Blanc
  • Pendle Engineering
  • Rhino-Rack
Market driver
  • Increasing demand for smaller cars
  • For a full, detailed list, view our report
Market challenge
  • Difficulties in installation
  • For a full, detailed list, view our report
Market trend
  • Increasing initiatives to enhance participation in skiing
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Car Racket Market 2017-2021

Technavio recognizes the following companies as the key players in the global car racket market: Allen Sports, Thule, and Yakima Products.

Other Prominent Vendors in the market are: Atera, CARMATE, CRUZBER, HandiWorld, Hapro, JAC Products, KAMEI, Küat, Malone Auto Racks, Mont Blanc, Pendle Engineering, and Rhino-Rack.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing initiatives to enhance participation in skiing. Many countries across the globe with access to snow mountains are rising their initiatives to increase participation in skiing, as the skiing industry contributes to the economy of these countries. In 2015, the skiing industry contributed around $5 billion to Colorado's economy. Skiers not only spend on equipment but also on lodging in resorts and transportation.”

According to the report, one of the major drivers for this market is increasing demand for smaller cars. Several car manufacturers have introduced compact cars that come with a limited boot capacity. The hike in fuel prices has led to the downsizing of vehicles, and therefore, people prefer smaller cars over premium big cars as they are light, compact, and run with lower costs.

Further, the report states that one of the major factors hindering the growth of this market is difficulties in installation. The car racks can be installed or removed based on the need and preference of the consumer. However, the task of removing and fitting the racks is tedious. While some car racks are easier to fix and remove, others often involve technical steps. The process of attaching and removing these racks sometimes also damage the frame or paint job of the car concerned.

Companies Mentioned

Allen Sports, Thule, Yakima Products, Atera, CARMATE, CRUZBER, HandiWorld, Hapro, JAC Products, KAMEI, Küat, Malone Auto Racks, Mont Blanc, Pendle Engineering, and Rhino-Rack.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global sales of passenger cars 2015-2021 ($ millions)
      • Table Global sales of passenger cars by geography H1 2016 (%)
      • Table Car rack market by product segmentation
      • Table Global car rack market 2016-2021 ($ billions)
      • Table Global car rack market lucrativeness by geography 2021
      • Table Global car rack market lucrativeness by product segmentation 2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global car rack market by product segmentation 2016
    • Global bike car rack market
      • Table Global bike car rack market 2016-2021 ($ billions)
      • Table Types of bike car racks
    • Global roof rack market
      • Table Global roof rack market 2016-2021 ($ billions)
    • Global ski rack market
      • Table Global skier visit in 2015
      • Table Global ski rack market 2016-2021 ($ billions)
    • Global roof box market
      • Table Global roof box market 2016-2021 ($ billions)
    • Global water sports carrier market
      • Table Global water sports carrier market 2016-2021 ($ billions)
  • Geographical segmentation
    • Global car rack market by geography
      • Table Global car rack market by geographic segmentation 2016
    • Car rack market in North America
      • Table Car rack market in North America 2016-2021 ($ billions)
      • Table Ski visitors in North America 2011-2015 (millions)
    • Car rack market in Europe
      • Table Car rack market in Europe 2016-2021 ($ billions)
      • Table Skiing population in leading countries of Europe 2011-2015 (in millions)
    • Car rack market in APAC
      • Table Car rack market in APAC 2016-2021 ($ billions)
      • Table Skiing population in leading countries of APAC 2011-2015 (in millions)
      • Table Annual growth of outbound visitors in APAC 2014-2015 (%)
      • Table Rising demand for passenger cars 2010-2014 (units in thousands)
      • Table Growing urbanization in APAC 2015-2020 (% of overall population)
    • Car rack market in ROW
      • Table Car rack market in ROW 2016-2021 ($ billions)
      • Table Bicycle events in ROW: 2015
  • Market drivers
    • Increasing demand for smaller cars
    • Rising travel and tourism
    • Growing need for pedaling
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Difficulties in installation
    • Decreasing fuel efficiency
    • Drawbacks of car racks
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing initiatives to enhance participation in skiing
    • Rising investment in R&D
      • Table Rising investment in car rack market 2014-2016
    • Growing demand for recreational activities
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Allen Sports
      • Table Allen Sports: Product offerings
    • Thule
      • Table Thule: Product offerings
    • Yakima Products
      • Table Yakima Products: Product offerings
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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