Automotive Bicycle Rack Market

Automotive Bicycle Rack Market: Introduction

• Automotive bicycle racks are attached to the roof or rear end of the vehicle and are designed to carry bicycles while traveling. Bicycle racks also increase the luggage carrying capacity of the vehicle.
• Bicycles are placed on the rack so that space inside the vehicle can be used more efficiently. The bicycle rack consists of a rail, pillars, and mounts. The rail is used to distribute the load on the entire rack equally, while ensuring the roof does not get damaged, while the pillars provide supports to the rack frame. The car rack is a very strong bar assembly structure, which can carry bulk loads including bicycles and goods without occupying vehicle interior space.

Key Drivers of Automotive Bicycle Rack Market

• Rise in vehicle production along with luggage carrying capacity across the globe is likely to propel the automotive bicycle rack market. Increasing interest adventure activities, road trips, and tourism is likely to boost the automotive bicycle rack market across the globe. Increase in demand for vehicles from tourist companies and a rise in the demand for recreational travel among people is likely to boost the automotive bicycle rack market across the globe.
• According to the US Travel Association, the number of domestic relaxation trips accounted for nearly 1820 million in 2018. This number is anticipated to exceed 2000 million during the forecast period. However, a rise in the demand for sport activities and road trips during holidays is anticipated to fuel the demand for roof rack. This, in turn, is likely to boost the automotive bicycle rack market across the globe. Major automotive component manufacturers are developing stylish, strong, and safe roof racks, which is estimated to propel the automotive bicycle rack market across the globe.

North America & Asia Pacific to hold significant share of global automotive bicycle rack market

• North America is projected to account for a significant share of the global automotive bicycle rack market due to a rise in the demand for vehicles from the tourism sector. North America has presence of major bicycle rack manufacturers, who have major facilities that undertake research & development of bicycle rack, which is likely to propel the automotive bicycle rack market across the region.
• Followed by North America, Asia Pacific is projected to hold a major share of the global automotive bicycle rack market due to an increase in adventure tourism across the region. Presence of major tourism places where bicycle adventure is trending, which helps to boost the automotive bicycle rack market across Asia Pacific.

Key Players Operating in Automotive Bicycle Rack Market

The automotive bicycle rack market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive bicycle rack market are:

• Thule Group AB
• Yakima Products Inc.
• Cruzber SA
• Robert Bosch GmbH
• Rhino-Rack USA LLC
• Saris
• ACPS Automotive
• Malone Auto Racks
• Kuat Car Racks
• Carmate Manufacturing Co. Ltd

Global Automotive Bicycle Rack Market: Research Scope

Global Automotive Bicycle Rack Market, by Vehicle Type

• Hatchback
• Sedan
• Utility Vehicle

Global Automotive Bicycle Rack Market, by Application Type

• Roof Rack
• Roof Box
• Bike Car Rack
• Watersport Carrier

Global Automotive Bicycle Rack Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Nordic Region
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa