Car Rack Market - Roadmap for Recovery from COVID-19 | Increasing Demand For Smaller Cars to Boost the Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the car rack market and it is poised to grow by USD 1.60 bn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

What are the major trends in the market?
Rising travel and tourism is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 5.45% and the incremental growth of the market is anticipated to be $ 1.60 bn.
Who are the top players in the market?
ACPS Automotive GmbH, Allen Sports USA, Atera GmbH, CRUZBER SA, KAMEI GmbH & Co. KG, Küat Innovations, Mont Blanc Group AB, Thule Group AB, VDL Groep BV, and Yakima Products Inc, are some of the major market participants.
What is the key market driver?
The increasing demand for smaller cars is one of the major factors driving the market.
How big is the Europe market?
The Europe region will contribute 37% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ACPS Automotive GmbH, Allen Sports USA, Atera GmbH, CRUZBER SA, KAMEI GmbH & Co. KG, Küat Innovations, Mont Blanc Group AB, Thule Group AB, VDL Groep BV, and Yakima Products Inc. are some of the major market participants. The increasing demand for smaller cars will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Car Rack Market 2020-2024: Segmentation

Car Rack Market is segmented as below:

Product
- Bike Car Rack
- Roof Rack
- Ski Rack
- Roof Box
- Water Sports Carrier
Geography
- North America
- Europe
- APAC
- MEA
- South America

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Car Rack Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The car rack market report covers the following areas:

Car Rack Market Size
Car Rack Market Trends
Car Rack Market Industry Analysis

This study identifies rising travel and tourism as one of the prime reasons driving the car rack market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Car Rack Market 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist car rack market growth during the next five years
Estimation of the car rack market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the car rack market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of car rack market vendors

Table of Contents:

Executive Summary

Market Overview

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

Five force summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Product

Market segments
Comparison by Product
Bike car rack - Market size and forecast 2019-2024
Roof rack - Market size and forecast 2019-2024
Ski rack - Market size and forecast 2019-2024
Roof box - Market size and forecast 2019-2024
Water sports carrier - Market size and forecast 2019-2024
Market opportunity by Product

Customer landscape

Overview

Geographic Landscape

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume driver - Demand led growth
Market challenges
Market trends

Vendor Landscape

Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
ACPS Automotive GmbH
Allen Sports USA
Atera GmbH
CRUZBER SA
KAMEI GmbH & Co. KG
Küat Innovations
Mont Blanc Group AB
Thule Group AB
VDL Groep BV
Yakima Products Inc.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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