Luggage Rack Market Research Methodology | Geographic Scope | Forecast Research

The luggage rack market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares, and size of top players. This syndicated research report also provides application, regional, product insights, and offers ready, data-driven answers to many industry-level questions.

Market Overview:

Global luggage rack market is expected to grow considerably in the coming years owing to rise in vehicle manufacturing due to high demand from both developing and developed economies. Luggage rack is the set of bars over the automobile roof for carrying luggage or other stuffs like bicycles, kayaks, skis, etc. Additional space over the roof of the automobile allow more room inside the car for traveling. In a way, luggage rack increases luggage capacity of any particular vehicle.

Key Players:

• Thule (Sweden)
• Yakima (US)
• APARCH (Germany)
• Go Rhino (US)
• Rhino-Rack (US)
• KUST (China)
• Weipa (China Taiwan)
• WINBO (China)
• CARMATE (Japan)
• Simetu (China)
• BOVOYA (China)

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Growth Drivers:

The major reasons for the growth of luggage rack market are growing demand for smaller vehicles, rise in production and sales of automobiles, increase in urbanization, growing demand for vehicles from tourism segment and technological advancements. Moreover, price fluctuations of luggage racks is also expected to fuel the market growth. However, availability of cheaper substitutes is expected to hamper the market growth.

Increasing demand for recreational activities that demands more SUVs is an emerging trend in the market. The market is categorized on the basis of material, application, distribution channel, and geography. On the basis of material, market is divided into stainless steel, alloy, iron, and others. Alloy segment is expected to hold larger share of the market due to rise in use of alloy material for roof racks.

Market Segment:

Key Type 
• Alloy
• Stainless Steel
• Iron
• Others

Market Application
• SUV
• MPV
• Sedan

Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

Regional Insights:

Asia Pacific is expected to dominate the market due to increasing demand for MPV and SUV vehicles and growing automobile sector. North America and Europe are also predicted to contribute significantly to the luggage rack market due to presence of large number of market players. 

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