Pune, India, July 14, 2017 /MRFR Press Release/- Market research future published a half cooked research report on global automotive roof racks market. The automotive roof racks market is expected to grow over the CAGR of around 6.5% during the period 2017 to 2023.
Roof Racks are combinations of bars that are attached to the roofs of cars for carrying luggage. They are generally used to carry luggage, bicycle, and various carriers. They allow the users automobiles to save the interior space by transporting objects on top of roofs. The commonly used materials for roof racks are aluminum alloy, composite plastic, and others, Out of which, Aluminum is the most commonly used. The factors that are responsible for the growth of automotive roof racks market are increased investment in tourism sector, increase in the production of vehicles, and rising disposable income.
Market Research Analysis:
Asia-Pacific region is expected to dominate the automotive roof racks market, due to the increase investment in tourism sector. The increased investment in tourism sector will lead to the increase in the use of commercial and passenger cars, which will result in the growth of this market. North America is expected to hold the majority of share of this market, due to the large number of vehicles in this region. The consumers in this region prefer their vehicles with high end automotive, such as roof bars. This will led to the growth of automotive roof racks market globally.
Global Automotive roof racks Market Size, 2017-2023(USD Billion)
Scope of the Report:
This study provides an overview of the global automotive roof racks market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive roof racks market by its platform, by application, by payload, and by region.
The key players in automotive roof racks market are Cruzber SA (Spain), Atera GmbH (Germany), Thule (Sweden), Yakima Products Inc (US), Bosal (Belgium), Rhino-Rack (USA), Neumann (Germany), Perrycraft Inc (US), Rola (Australia), Mont Blanc (Sweden) and others.
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