What is Bike Car Racks?
Bike car racks are also called as bike carriers for loading and carrying the bikes during the journey. These racks can be attached to a different part of vehicles according to the need of the traveler, or one's personal preferences. The racks are available with a platform that rests on the trunk with the straps to support the bike. However, over the time-stretched straps won't be able to support the bike tightly leading to damage of car paint. The growing awareness about recreational outdoor activities and its benefits is increasing the global bike car rack market and demand form car rental services is driving the market.
The market study is broken down by Type (Trunk Racks, Roof Racks, Hitch Racks and Pickup Carriers), by Application (Household, Commercial, Public Services and Other) and major geographies with country level break-up.
The bike car racks market is fragmented due to the presence of various manufacturers of racks. The level of competition among the companies in the bike car racks is intense and manufacturers are focusing on developing and enhancing their products with new innovations. The companies are seeking ways to reduce product cost, improve quality, design, and reliability. During the forecasted period a number of companies will follow mergers and acquisitions and other strategies to sustain in the competitive market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hollywood Racks (United States), Yakima Products, Inc. (United States), 1UP USA (United States), Allen Sports (United States), Kuat Innovations LLC (United States), Swagman (Canada), Saris (United States), Atera GmbH (Germany), VDL Hapro BV (Netherlands), Mont Blanc Group AB (Sweden) and ROLA (Horizon Global Corporation) (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Rhino-Rack USA, LLC (United States), CURT Manufacturing LLC (United States), Alpaca Carriers, Inc. (United States) and CRUZBER SA (Spain).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Bike Car Racks market by Type, Application and Region.
On the basis of geography, the market of Bike Car Racks 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 Distribution Channels, the sub-segment i.e. Online Store will boost the Bike Car Racks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Rack Size, the sub-segment i.e. 23 cms will boost the Bike Car Racks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 6th October 2020, Yakima Releases Innovative OnRamp Bike Rack, New hitch mounted rack is designed for easy transportation of heavy E-Bikes. Yakima introduced the OnRamp, an incredibly convenient way to load and transport heavier than average bikes, such as E-bikes. With an included bike ramp and fully adjustable cradles built to carry everything from mountain bikes to beach cruisers, the OnRamp is one of the most innovative and versatile bike racks on the market.
Market Trend
- Increasing Demand for Bike Car Racks from Car Rental Service Providers
Market Drivers
- Surging Demand for Recreational Outdoor Activities
- Increasing Awareness about Outdoor Adventure Activities and its Benefits
Opportunities
- Improving Vehicle Compatibility of Bike Car Racks According to Design and Shape of Cars
Restraints
- High-Cost Availability of Bike Car Racks
- Risk of Damage to Car Due to the Straps and Locks Attached to Racks
Challenges
- Complexities Involved with Installation of Bike Car Racks
Key Target Audience
Bike Car Racks Manufacturers, Bike Car Racks International Traders, Bike Car Racks Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Potential Investors, Upstream and Downstream Buyers 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.