What is Automotive Bicycle Rack Market?
Rising Demand in adventure tourism industry will help to boost global automotive bicycle rack market. Automotive bicycle racks are used for transporting bicycles in vehicles. These are used by long-distance travelers, adventure enthusiasts and bicycle enthusiasts. There are various types of automotive bicycle rack including hitch mounted rack, roof mounted rack and trunk mounted rack. Increased participation in events such as ride the Rockies will help to create opportunities in forecasted year.
Highlights from Automotive Bicycle Rack Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AllenSportsUSA (United States), Küat (United States), SARIS (United States), Thule Group (Sweden), Yakima Products (United States), Hollywood Racks (United States), Atera (United States), MAXMA, L.C. (United States), Trek Bicycle (United States) and Specialized Bicycle Components (United States) |
The global automotive bicycle rack market is fragmented by the presence of both international and regional vendors. With the increasing demand for bicycle racks from car rental companies, the competition among the players in this bicycle carrier market is intense. To gain market manufactures needs to focus on the innovative product launch. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Automotive Bicycle Rack market throughout the forecasted period.
AllenSportsUSA (United States), Küat (United States), SARIS (United States), Thule Group (Sweden), Yakima Products (United States), Hollywood Racks (United States), Atera (United States), MAXMA, L.C. (United States), Trek Bicycle (United States) and Specialized Bicycle Components (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hapro (Balkans) and Mont Blanc (Sweden). Automotive Bicycle Rack Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Household, Commercial Use, Public Services and Others |
Type | Hitch Mounted Rack, Roof Mounted Rack, Trunk Mounted Rack and Pickup Carriers |
Distribution Channel | Online,Offline |
On the basis of geography, the market of Automotive Bicycle Rack 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand for Bicycle Racks from Car Rental Enterprises and Growing Demand for Adventure Tourism
Market Growth Drivers:
Upsurging Demand in Public Transportation and Rising Preference For Experiential Traveling
Challenges:
Increased Demand from End-Use Sectors
Restraints:
Decreased Fuel Efficiency Of Vehicles
Opportunities:
Huge demand For Transportation in Emerging Countries and Increased Participation in Events Such As Ride The Rockies
Key Target Audience
Manufacturers, Distributors/Traders/Wholesalers, Sub-component Manufacturers, Downstream Vendors, Industry Associations, Government Regulatory Bodies, Government and Private Research Organizations and Others
Market Leaders & Development Strategies
In October 2022, C+A Global, a global manufacturer and online retailer of consumer products and electronics, together with sister company Saris Equipment, LLC, will launch world-class bike racks, bike trainers, bike racks, public bike systems, and infrastructure. Leveraging its impressive manufacturing and sales background, C+A Global plans to breathe new life into the Wisconsin-based brand, starting with product line updates.
In April 2023, Trek introduced two new electric cargo bikes, the Fetch Plus 2 and Fetch Plus 4. It is aimed at a growing number of families looking to replace their cars with more sustainable means of transportation. The two models are quite different from each other. The Fetch Plus 2 is a long-tail cargo bike with an extended rear rack that can carry children, cargo, or both.