Global Automotive Roof Racks Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global automotive roof racks market in its upcoming report titled, “Global Automotive Roof Racks Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automotive roof racks market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The automotive roof racks market report has been segmented on the basis of material, product type, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Roof rack is a set of bars that are attached at the top of vehicles. The main purpose of the roof rack is to carry items such as luggage and various objects from one place to other without reducing the interior space of the vehicle.

On the basis of product type, the aluminum racks segment is expected to hold major revenue share in the global automotive roof racks market. Ease of manufacturing coupled with open access to metal molding, as compared to composite plastic racks is expected to support revenue growth of the segment over the forecast period.

On the basis of application, the passenger vehicles segment is estimated to hold major revenue share in the global automotive roof racks market and is expected to maintain its dominance over the forecast period. Rising demand for passenger vehicles owing to changing lifestyle and increasing purchase power of the consumer is expected to drive revenue growth of the segment over the forecast period.

Asia Pacific market is estimated to hold major revenue share in the global automotive roof racks market, in 2017 and is expected to maintain its dominance over the forecast period. Presence of major automotive manufacturers in the region is expected to be a major factor driving revenue growth of automotive roof racks market in the Asia Pacific. Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in the North America, Europe, Latin America, and the Middle East & Africa respectively. growing tourism industry in the region is expected to augment revenue growth of the market in Asia Pacific. Moreover, the presence of a large number of international and local manufacturers in the region is expected to support revenue growth of Asia Pacific automotive roof racks market over the forecast period.

Market segmentation and key players operating in the global automotive roof racks market:

By material:

• Steel
• Aluminum
• Composite Plastic

By product type:

• Fix Point
• Clamping
• Railing
• Bare Roof Mount
• Gutters
• Others (Factory Track, Flush Rail, and Tracks)

By application:

• Commercial Vehicles
• Passenger Vehicles

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa