Australia Car Rack Market to be dominated by Roof Rack through 2027
Growing focus of manufacturers on enhancing passenger comfort
and high sales of passenger cars are driving the demand for Australia Car Rack
Market in the forecast period, 2023-2027.
According
to TechSci Research report, “Car Rack Market – Australia Industry
Size, Share, Trends, Opportunity, and Forecast, 2017-2027”,
the Australia car rack market is anticipated to grow at a rate of steady CAGR
for the forecast period, 2023-2027. The rise in adoption of the compact vehicle
in the travel & tourism industry, increasing expenditure capacity of
consumers, and advent of lightweight materials for car racks are the key
factors driving the demand for Australian car rack market growth for the next
five years.
Car
racks are attached to the roof of the car to carry bicycles, luggage, and other
carriers. Component of car rack includes crossbars, towers, fitting pieces, and
gear mounts. Car racks are available in different sizes and materials based on
the type of car, usage, and luggage weight. The launch of high-performing cars
for off-road activities and more compact SUVs in the market are accelerating
the demand for car racks, significantly improving the implementation of car
racks.
Car
racks are advantageous during traveling as they can carry bulky items without
reducing the interior space for passengers. They are in high demand among
consumers while shifting to other cities for jobs, studies, or other work. They
easily carry the luggage items without affecting the driving experience. Also,
the growing popularity of road trips and sports activities during holidays is
driving the demand for car racks.
However,
buying car racks' quality and pricing issues may restrain the market growth in
the forecast period.
Browse over XX market data Figures spread through 70
Pages and an in-depth TOC on "Australia Car Rack Market"
https://www.techsciresearch.com/report/australia-car-rack-market/8304.html
The Australia car rack market is
segmented into vehicle type, type, material, company, and regional
distribution.
Based on vehicle type, the market is
divided into the hatchback, sedan, and SUV/MPV. SUV/MPV vehicles are in high
demand and are expected to witness substantial growth opportunities in the
forecast period. SUVs have a smoother driving experience and are highly
preferred among people who like to travel off-road or adventure activities.
They have a higher ride height which is beneficial for drivers to travel in the
city and out of town. Longer suspension in SUVs softens the bumps and protects
the body from getting hurt while keeping the driver comfortable. The high sales
of SUVs are expected to boost the higher installation of car racks in SUVs,
bolstering the market growth.
Based on type, the market is divided
into roof rack, roof box, bike car rack, ski rack, and watersport carrier. The
roof rack holds the largest market and is expected to maintain its dominance
throughout the forecast period. Lack of space in compact vehicles can be taken
care of by installing a roof rack as it improves the storage capacity and
legroom space for passengers. They can enhance vehicles' appearance and prevent
interior damage of vehicles.
Based on material, the market is divided
into the aluminum alloy, composite plastic, stainless steel, and others.
Aluminum alloy material is leading the market and is expected to hold the
highest market share for the next five years. Aluminum allows lightweight
material, making it easy to maneuver and creating less drag while moving the
automobile. They are considered highly durable and can carry more items than
other car racks.
Major market players operating in the Australia
car rack market are :
- ACPS Automotive GmbH
- Allen Sports USA
- Roof Carrier Systems
- Roof Racks Galore (RRGQ) Pty Ltd
- Cequent Group (Rola)
- Thule Group
- Yakima Australia Pty Ltd.
- Clarus Corporation
- Mont Blanc Group AB
- Shingleback Off Road
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=8304
Customers can also request for 10% free customization on this report.
“Ongoing developments and the use of
advanced materials to manufacture car racks, such as the development of
fiberglass car racks that offer high stability and durability, are expected to
contribute significantly to market growth. The introduction of affordable car
racks, excellent resistance to damage, improved performance for long distances,
and aesthetically pleasing car racks are attracting the youth population. The
rise in the number of market players and availability of innovative car racks
are expected to propel the Australian car rack market growth till 2027” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Car Rack Market –
Australia Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Vehicle
Type (Hatchback, Sedan, SUV/MPV), By Type (Roof Rack, Roof Box, Bike Car Rack,
Ski Rack, Watersport Carrier), By Material (Aluminum Alloy, Composite Plastic,
Stainless Steel, Others), and By Region”, has evaluated the future
growth potential of Australia car rack market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Australia car rack market.
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Web:
https://www.techsciresearch.com