About Vehicle Cargo Box
A vehicle cargo box, also known as a roof box or rooftop cargo carrier, is an external storage compartment mounted on the roof of a vehicle. It is designed to provide additional cargo space for transporting luggage, outdoor gear, sports equipment, and other bulky items that may not fit inside the vehicle's cabin or trunk. There are several advantages, including extra cargo space without the additional footprint, better weight distribution, increased fuel consumption, raised height, increased packing capacity of your car, and many more. Manufacturers have introduced innovative features and technologies to enhance the performance and convenience of vehicle cargo boxes. These include aerodynamic designs to reduce wind resistance and noise, quick-mounting systems for easy installation and removal, dual-side openings for convenient access, and integrated locking mechanisms for added security.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive with the active presence of dominant players. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Yakima, Inc. (United States), Thule Group (Sweden), AJANTA ENTERPRISE (India), Atera GmbH (United States), SportRack (United States), Magna International Inc. (Canada), Küat Racks (United States), RenewBuy (India), New Atlas (United States), Malone Auto Racks (United States), KAMEI (Japan), Twistboxes (United States), Hert Transport (Estonia), Humbaur GmbH (Germany), Zenmo Private Limited (India) and Mahindra Electric Mobility (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Vehicle Cargo Box market by , Application (Road Trips, Camping, Skiing, Biking and Other) and Region.
On the basis of geography, the market of Vehicle Cargo Box has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. ABS Plastic will boost the Vehicle Cargo Box market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size Range, the sub-segment i.e. 8-12 Cubic will boost the Vehicle Cargo Box market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type , the sub-segment i.e. Roof-Mounted Cargo Boxes will boost the Vehicle Cargo Box market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased popularity of adventure tourism and road trips and Increased adoption of lightweight and Aerodynamic Designs in cargo boxes
Market Growth Drivers:
Growing demand for sports activities and Increasing e-commerce has fueled the demand for vehicle cargo boxes
Challenges:
Cargo boxes require complex installation processes involving multiple steps and tools and Cargo boxes must comply with various safety and regulatory standards
Restraints:
Purchasing and installing a quality cargo box can be expensive
Opportunities:
Focus on innovation in cargo box design, materials, and features
Market Leaders and their expansionary development strategies
In February 2023, Mahindra Electric Mobility Limited, the EV arm of the home-grown automaker has merged with its parent company Mahindra. With the merger, M&M aims to synergise EV development, manufacturing, sales operations, expands the products portfolio.
In May 2023, Zen Mobility has launched the Zen Micro Pod, a purpose-built cargo 3-wheeler LEV (Light Electric Vehicle), as part of its goal to create inspirational design and engineering innovations in electric vehicles. The lightweight technology used in the Zen Micro Pod requires less motor power to generate the same output, saving on battery costs and reducing cost-per-delivery.
Key Target Audience
Supplier, Manufacturer, End users’ industry, Research Organization, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.