DUBLIN--(BUSINESS WIRE)--The "Global Car Rack Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

This report presents a detailed analysis of the market by product and geography. The global market for car racks is expected to record a CAGR of around 7% during 2018 -2023.

Roof racks are combination of bars that are attached to the roof of the car for carrying luggage. They are generally used to carry luggage, bicycles, etc. They allow the user of the automobile to increase the interior space by transporting the objects on the roof. The car racks are used to increase the luggage-carrying capacity of the given vehicle.

Automotive roof racks are expected to witness growth due the increase in production of vehicles and growth in the travel and tourism sector. There has been a rise in investment in the travel and tourism sector due to which the use of roof racks to carry the luggage has widely increased. The increase in vehicle production will also lead to increase in the use of roof racks in cars.

The Asia-Pacific region is expected to dominate the automotive roof rack market due to the increase in the production and sales of vehicles. The growing demand for vehicles by the tourism sector has also led to an increase in the usage of roof racks. This rise in the tourism sector will accelerate the growth of the automotive roof racks market.

Companies Mentioned

  • Thule
  • Yakima
  • Allen Sports
  • Rhino Rack
  • Curt
  • Smitty Bilt
  • Malone Auto Racks
  • Kuat Car Racks
  • Right Line Gear
  • Saris
  • Bike Rack Company
  • Roof Box

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview and Technological Trends

5. Market Trends

6. Global Car Rack Market segmentation, by Application

7. Global Car Rack Market segmentation, by Geography

8. Competitive Landscape

9. Company Profiles

10. Outlook of the Market

11. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/n7fnmx/global_car_rack?w=4

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Related Topics: Cars