Automotive Roof Racks Market Highlights:
The key players in global automotive roof racks market are Thule Group (Sweden), Magna International, Inc.(Ontario), VDL Hapro bv (Netherlands), MINTH Group Limited(China), Cruzber S.A (Spain), Atera GmbH (Germany), Rhino-Rack (U.S.), BOSAL (Belgium), JAC Products (U.S.) and Yakima Products Inc. ( U.S.)
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Automotive Roof Racks Market Drivers and Restraints:
Automotive roof racks is expected to witness growth due to factor such as increase in production of vehicles, and growth in travel and tourism sector. There has been an increase in investment in travel and tourism sector due to which the use of roof rack to carry the luggage has been widely used. This will led to the growth of this market. The increase in vehicle production will also led to increase in use of roof racks in cars. This will led to the growth of automotive roof racks market. The global automotive roof racks market is expected to grow at approximately 6.69 % CAGR from 2017 to 2023.
Tourism has experienced a continuous growth and extending its diversification to become one of the fastest growing economic sector in the world. Modern tourism is closely linked to development and covers growing number of new destinations. These dynamics have turned tourism into a key driver for the growth of automotive industry. The expanding transport projects in emerging nations are expected to reveal greater logistics opportunities and increase the demand for commercial and passenger vehicles in the Asia-Pacific, significantly over the Forecasted period. The automotive roof rack market is completely dependent on the automotive industry. Thus the increasing or decreasing demand of the automotive industry directly has an impact on the market. The total vehicle production for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2023.
Global Automotive Roof Racks Market Segments Analysis:
The Global Automotive Roof Racks Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Type: Comprises rail raised, gutter, roof mount, and others
- Segmentation by Material: Comprises aluminum alloy, composite plastic, and others.
- Segmentation by Application: Comprises commercial vehicles and passenger cars
- Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Global Automotive Roof Racks Market Regional Analysis:
In North America, automobile manufacturer will continue to see an increase in the sales of the passenger cars. The increase in demand of the new vehicles will enable the growth of the auto components suppliers. The automotive manufacturers have shifted their preference from small cars to higher-value pickups and SUVs. This will enable more installation of roof racks on SUVs and pickup vans for transportation. The auto market in U.S. has been powered by the low interest rate and low fuel price which has allowed the market to grow during the forecast period.
The buying condition will remain positive due to the low interest rate and will boost the sales of the new vehicle. This increase in sale of new vehicle will led to the growth of roof racks market. China is one of the major automotive market in Asia. The automotive industry continues to grow in China due to increased production of passenger and commercial vehicles. FDI is one of the major factor for the growth of automotive industry in China. The automaker in China are developing new and trade friendly policies that enable them to produce larger number of vehicles. The increase in the production of vehicle will led to the growth of roof rack market.
Report Overview:
The report for Global Automotive Roof Racks Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
List Of Tables:
TABLE 1 AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL
TABLE 2 GLOBAL AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION
TABLE 3 GLOBAL AUTOMOTIVE ROOF RACKS MARKET, BY REGIONS
TABLE 4 NORTH AMERICA AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL
TABLE 5 NORTH AMERICA AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION
TABLE 6 U.S. AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL
TABLE 7 U.S. AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION
TABLE 8 CANADA AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY MATERIAL (%)
FIGURE 3 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY APPLICATION (%)
FIGURE 4 GLOBAL AUTOMOTIVE ROOF RACKS MARKET: BY REGION
FIGURE 5 NORTH AMERICA AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL (%)
FIGURE 6 NORTH AMERICA AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION (%)
FIGURE 7 EUROPE AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL (%)
FIGURE 8 EUROPE AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION (%)
FIGURE 9 ASIA-PACIFIC AUTOMOTIVE ROOF RACKS MARKET, BY MATERIAL (%)
FIGURE 10 ASIA-PACIFIC AUTOMOTIVE ROOF RACKS MARKET, BY APPLICATION (%)
Continued…
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