Automotive roof rack is a device attached to a vehicle to carry goods. Automotive roof racks come in more shapes and sizes, but they perform the same function. An automotive roof rack is a set of bars that are attached to the roof of a motor car. It is used to carry heavy objects such as luggage, bicycles, canoes, kayaks, skis or different carriers and containers. Many other roof rack types, such as boxes, bags and bike racks are mounted on cross bars attached to the roof rails.

Automotive roof racks are subject to very low operational costs as they are made of tough aluminum alloy and composite plastic materials. They have high durability, which does not embed high cost of operations and maintenance. The aforementioned factors have increased the demand for the product, thereby fueling the growth of the target market.

The report “Automotive Roof Racks Market, By Type (Roof Mount, Raised Rail, Gutter, and Others), By Application (Commercial Vehicles, and Passenger Cars), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032 “

Key Highlights:

• In September 2022, Best roof bike racks for cars 2022 - Comparing the best of the integrated bike rack choice. Roof bike racks are the best of the three options in a wide spectrum of mounting bikes on the outside of a car, including trunk-mounted and hitch-mounted racks.
• In September 2022, ErgoBACK ladder roof rack headed to IAA. The new rear-deployment ladder rack works on light commercial vehicles and is designed to reduce the number of injuries on the jobsite. Prime Design Europe (PDE) will showcase an upcoming electric version of its rear deployment ladder at the IAA Transportation trade show later this month, which aims to reduce the number of injuries caused by ladder transport on a small class of commercial vehicles.

Analyst View:

The rising demand for commercial and passenger vehicles is expected to drive the growth of automotive roof racks market during predicted period. Because, roof racks are most important for commercial vehicles and passenger cars. The demand for roof racks is increasing in the coming years as people want more space for bulky items, roof racks are perfect carriers that enable you to load your vehicle and carry heavy equipment from sports equipment to camping gear and many other items. Also a roof rack is located on the top of the vehicle and is used for extra storage space for carrying large items such as kayaks, canoes, luggage or large containers.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Automotive Roof Racks Market, By Type (Roof Mount, Raised Rail, Gutter, and Others), By Application (Commercial Vehicles, and Passenger Cars), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Automotive Roof Racks Market accounted for US$ 2.3 billion in 2022 and is estimated to be US$ 4.39 billion by 2032 and is anticipated to register a CAGR of 6.6%. The Automotive Roof Racks Market is segmented based on Type, Application and Region.

• Based on Type, Automotive Roof Racks Market is segmented into Roof Mount, Raised Rail, Gutter, and Others.
• Based on Application, Automotive Roof Racks Market is segmented into Commercial Vehicles, and Passenger Cars.
• By Region, the Automotive Roof Racks Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Automotive Roof Racks Market:

The prominent players operating in the Automotive Roof Racks Market includes, 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. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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