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$ 554 Mn growth expected in Global Automotive Bicycle Rack Market | Introduction of New Products to be a Major Trend | Technavio

Technavio has been monitoring the automotive bicycle rack market and it is poised to grow by USD 554.01 million during 2021-2025, progressing at a CAGR of over 4% 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.

Frequently Asked Questions:

  • Based on segmentation by product, which is the leading segment in the market?Based on the product, the market saw maximum growth in the hitch-mounted rack segment in 2020.
  • What are the major trends in the market?The introduction of new products is one of the major trends in the market.
  • At what rate is the market projected to grow?The market is projected to grow at a CAGR of over 4% during the forecast period.
  • Who are the top players in the market?Allen Sports USA, Atera GmbH, Car Mate Mfg. Co. Ltd., Kuat Innovations, Mont Blanc Group AB, Rhino Rack Pty Ltd., Thule Group AB, Tyger Auto Inc., VDL Groep BV, and Yakima Products Inc. are the top players in the market.
  • What are the key market drivers and challenges?The market is driven by the increasing demand for adventure tourism. However, the decreasing fuel efficiency of vehicles might challenge growth.

Related Reports on Consumer Discretionary Include:

Global Car Rack Market – Global car rack market is segmented by product (bike car rack, roof rack, ski rack, roof box, and water sports carrier) and geography (North America, Europe, APAC, MEA, and South America).

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Global Bicycle Market – Global bicycle market is segmented by product (on-road and track bicycles, off-road bicycles, and X-road and hybrid bicycles), end-user (adults and children), distribution channel (offline and online), propulsion (manual bicycles and motor-assisted bicycles), and geographic (APAC, Europe, North America, South America, and MEA).

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allen Sports USA, Atera GmbH, Car Mate Mfg. Co. Ltd., Kuat Innovations, Mont Blanc Group AB, Rhino Rack Pty Ltd., Thule Group AB, Tyger Auto Inc., VDL Groep BV, and Yakima Products Inc. are some of the major market participants. Although the increasing demand for adventure tourism will offer immense growth opportunities, the decreasing fuel efficiency of vehicles is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive bicycle rack market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

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.

Automotive Bicycle Rack Market 2021-2025: Segmentation

Automotive Bicycle Rack Market is segmented as below:

  • Product
    • Hitch-mounted Rack
    • Roof-mounted Rack
    • Trunk-mounted Rack
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43886

Automotive Bicycle Rack Market 2021-2025: Scope

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

  • Automotive Bicycle Rack Market Size
  • Automotive Bicycle Rack Market Trends
  • Automotive Bicycle Rack Market Industry Analysis

This study identifies the introduction of new products as one of the prime reasons driving the Automotive Bicycle 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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Automotive Bicycle Rack Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist automotive bicycle rack market growth during the next five years
  • Estimation of the automotive bicycle rack market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive bicycle rack market across North America, Europe, APAC, South America, and MEA
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive bicycle rack market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five Forces 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
  • Hitch-mounted rack – Market size and forecast 2020-2025
  • Roof-mounted rack – Market size and forecast 2020-2025
  • Trunk-mounted rack – Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Competitive Scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Allen Sports USA
  • Atera GmbH
  • Car Mate Mfg. Co. Ltd.
  • Kuat Innovations
  • Mont Blanc Group AB
  • Rhino Rack Pty Ltd.
  • Thule Group AB
  • Tyger Auto Inc.
  • VDL Groep BV
  • Yakima Products Inc.

Appendix

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Disclaimer: The following Press Release comes to you under a network of a strategic syndication partnership with PR Newswire. Prittle Prattle News takes no editorial responsibility for the same.

rt - $ 554 Mn growth expected in Global Automotive Bicycle Rack Market | Introduction of New Products to be a Major Trend | Technavio

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