(MENAFN- GetNews) Automotive Roof Racks Market 2018 Global Industry Size, Share, Growth, Trends, and Regional Forecast To 2022 Research Report, Global Automotive Roof Racks Market to grow at exponential growth rate of 6.69% from 2018 to 2023. The global Automotive Roof Racks market is majorly driven by increase in production of vehicles, and growth in travel and tourism sector.
Automotive Roof Racks Industry segmented into Material (Aluminum Alloy, Composite Plastic and Others), Type (Roof Mount, Raised Rail, Gutter and others), Application (Commercial Vehicles and Passenger Cars), and Region.
Global Automotive Roof Racks Market Key Players Analyzed In Report:
Cruzber S.A (Spain), Atera GmbH (Germany), Rhino-Rack (U.S.), BOSAL (Belgium), JAC Products (U.S.) and Yakima Products Inc. (U.S.), Thule Group (Sweden), Magna International, Inc.(Ontario), VDL Hapro bv (Netherlands), MINTH Group Limited(China).
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Automotive Roof Racks Market Highlights:
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.
Report provides detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Automotive Roof Racks market, factors affecting the market growth. Global Automotive Roof Racks market based on various factors such as supply chain analysis, and Porter's five force analysis is done in this report.
A roof rack are group of bars that are attached at the top of the vehicles. The main purpose of roof rack is used to carry bulk items such as luggage, bicycles and various carriers. Roof racks allows the user to carry an object from one place to other without reducing the interior space. The most common type of roof racks are rails, towers, and mount. Roof racks are majorly used in cars and trucks. The material that are commonly used in roof racks are aluminum alloy, composite plastic, and among others.
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 aluminium 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.
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.
Global Transfer Case Market Research Insights:
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.
List Of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 RAW MATERIAL SOURCES OF AUTOMOTIVE AUTOMOTIVE ROOF RACKSS MAJOR MANUFACTURERS IN 2016
TABLE 3 SALES BASE AND MARKET CONCENTRATION RATE OF RAW MATERIAL
TABLE 4 GLOBAL AUTOMOTIVE AUTOMOTIVE ROOF RACKSS PRICE (USD/ K UNITS) BY REGION (2012-2017)
TABLE 5 RAW MATERIAL PRICES ANALYSIS 2012-2016 (USD/UNIT)
TABLE 6 KEY SUPPLIERS OF RAW MATERIALS
TABLE 7 DISTRIBUTORS/ TRADERS LIST
Continued…
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