Automotive Roof Racks Market Trends

Automotive Roof Racks Market Overview:

Automotive Roof Racks Market Size was valued at USD 1.57 Billion in 2023. The Global automotive roof racks market industry is projected to grow from USD 1.66 Billion in 2024 to USD 2.50 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.23% during the forecast period (2024 - 2032). Growth in tourism and adventure sports, as well as low operating and maintenance costs are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The desire for vehicles with luggage carriers and the availability of more disposable income around the world fuel the demand for roof carriers. Long-distance travelers are drawn to countries like Germany, France, Italy, China, India, Dubai, and others due to their high tourist foot traffic and variety of tourist attractions. The automotive roof racks market can also expand as a result of today’s youth’s rising inclination for outdoor and recreational activities, their focus on visiting more natural areas, and the expanding travel and tourism sector.

• In May 2023, SGMW introduced the Baojun Yep electric compact SUV in China. Unexpectedly, the starting price of the base model is 79,800 yuan (11,300 USD). Retro roof racks that can carry up to 30 kg are available extra on top. The vehicle has 15-inch wheels that may be upgraded to off-road tires. The entire façade is described as having a Square Box design by Baojun. Young people are the target audience for Baojun Yep, and smartphone applications have a lot of power. Car-watch, the large back screen, may send photographs or texts to other drivers.

Automotive Roof Racks Market Trends

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  Tourism and off-road trails are driving market growth

  
  

Increased tourism and off-road paths are driving the market CAGR for automotive roof racks. The number of people who enjoy travelling long distances in their vehicles has grown dramatically in recent years all around the world. The large amount of luggage carried by such persons necessitates a large amount of room, which is constrained by the limited availability of boot capacity in ordinary automobiles. The presence of roof rails on the vehicles allows them to carry additional cargo. During the study period, this aspect will considerably drive the car roof racks market demand.

Some people install or replace obsolete attachments, such as roof racks on their automobiles, in order to expand their luggage carrying capacity. Aftermarket players that sell auto components such as roof racks give clients with high-quality parts that ensure high dependability and longevity, stimulating product demand in the automotive sector. Roof rack demand is still limited globally, limiting market expansion. However. Consumer awareness of available space in the vehicle for luggage and other items is always growing. Therefore. The influence of restricted boot space in automobiles on the demand for automotive roof racks market is predicted to shift from moderate to high throughout the forecast period.

Furthermore, the robust aluminium alloy and composite plastic materials used to make automotive roof racks result in a substantially lower operating cost. The high cost of operations and maintenance is not incorporated into their high durability. Because of the aforementioned causes, product demand has increased, which stimulates market expansion.

Automotive Roof Racks Market Segment Insights:

Automotive Roof Racks Type Insights

The Automotive Roof Racks Market segmentation, based on type includes roof mount, raise grill, gutter and others. The roof mount category is the global market's largest shareholder. However, it is expected to have the highest CAGR. Roof mount racks serve as a carrier for the user's belongings. They are often sold as a set of roof bars with a regular platform or rack. This platform can be a luggage rack or a shelf system with detachable shelves. The roof bars are attached to the vehicle's standard roof rails. Roof mounted racks run from east to west across the roof of the vehicle, providing the user with a more sturdy carrier. Roof carriers are designed to transport additional freight payload. It is vital not to overload the roof mount rack in order to prevent the dangers of an overloaded vehicle.

Automotive Roof Racks Material Insights

The Automotive Roof Racks Market segmentation, based on material, includes aluminum alloy, composite plastic and others. During the projection period, the aluminium alloy category is expected to have the greatest CAGR and dominate the market share. Aluminium alloys are made up of metals like iron, silicon, copper, magnesium, and zine. These elements are moltenly added to pure aluminium to make an alloy with the requisite strength and physical qualities. Aluminium alloy is used in roof racks because of its lightweight and ability to endure high payload bearing capacity.

Automotive Roof Racks Vehicle Type Insights

The Automotive Roof Racks Market segmentation, based on vehicle type, includes commercial vehicle and passenger cars. The passenger cars category dominates the global automobile roof rack market, and this trend is anticipated to continue: The added benefit could be attributed to a number of factors, including increased demand for recreational vehicles, higher demand for cars from the tourism sector, and a large number of young people travelling to different locations for education and work. Growing numbers of capable off-road vehicles, as well as more compact SUVs with more usability and greater vehicular capabilities, are important driving forces in the passenger car class.

Figure 1: Automotive Roof Racks Market, by Vehicle Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Roof Racks Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American automotive roof racks market area will dominate this market, owing to the rising adoption of cycling in the U.S. Hence, people of the country prefer cycling from one place to another. They carry the bicycle to the desired destinations by mounting it to the car roof. Moreover, the usage of snowboards is also high in this country which is driving the growth of the market in the region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive Roof Racks Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s automotive roof racks market accounts for the second-largest market share because of the region's big automobile industry.  Further, the German automotive roof racks market held the largest market share, and the UK automotive roof racks market was the fastest-growing market in the European region

The Asia-Pacific Automotive Roof Racks Market Is expected to grow at the fastest CAGR from 2024 to 2032. This is due to rising automotive ownership, will augment the regional growth. Moreover, China’s automotive roof racks market held the largest market share, and the Indian automotive roof racks market was the fastest-growing market in the Asia-Pacific region.

Automotive Roof Racks Key Market Players & Competitive Insights

Leading market players are extensively spending in research and development to extend their product lines, which will help the vehicle roof racks market grow even more. Market participants are also engaging in a number of strategic initiatives to grow their worldwide footprint, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations. To expand and survive in a more competitive and rising market climate, the automobile roof racks industry must provide cost-effective products.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global automotive roof racks industry to benefit clients and increase the market sector. In recent years, the automotive roof racks industry has offered some of the most significant advantages to medicine. Major players in the automotive roof racks market, including Yakima, Inc. (US), JAC Products (US), NEUMANN, SPOL. S R.O. (Czech Republic), Perrycraft (US), ROLA (Australia) and others, are attempting to increase market demand by investing in research and development operations.

Polaris Inc. is an American automobile manufacturer headquartered in Medina, Minnesota. Polaris was founded in Roseau, Minnesota, and maintains engineering and manufacturing operations there. Until January 2017, the firm produced bikes through its Victory bikes subsidiary, and it now produces motorcycles through its Indian Motorcycle subsidiary, which it purchased in April 2011. Polaris manufactured personal watercraft from 1994 until 2004. Polaris Industries Inc. was renamed Polaris Inc. in 2019 after being known as Polaris Industries Inc. for many years. In August 2021,  Polaris Inc., a manufacturer of motorcycles, snowmobiles, ATVs, and small EVs in the United States, cooperated with Rhino-Rack. This agreement allows Polaris customers to order a new Polaris vehicle with a roof rack that is specifically tailored for the curves.

CRUZBER SA is one of the European market's top manufacturers of roof racks and roof bars, offering a comprehensive range of solutions for passenger cars, off-road vehicles, and commercial vans. Its headquarters and major warehouses, with a total surface area of more than 12.000 m2, are located in the province of Córdoba (Spain). Cruz is the market leader in Spain and is present in over 30 countries, creating and adapting its goods to the unique needs of each market. In June 2019, CRUZBER SA has announced the release of the new Cruz Airo Fuse roof bars, which feature aerodynamic aluminium profiles that are integrated as well as fused with their feet and are easy to adapt to contemporary vehicle designs.

Key Companies in the automotive roof racks market include

• Thule Group (US)


• Atera GmbH (Germany)


• Rhino Rack (Australia)


• Magna International Inc (Canada)


• Cruzber SA (Spain)


• Yakima, Inc. (US)


• JAC Products (US)


• SPOL. S R.O. (Czech Republic)


• Perrycraft (US)


• OLA (Australia)


• Mont Blanc Group AB (Sweden)

Automotive Roof Racks Industry Developments

In September 2022, Cruz Pipe Carrier was introduced by Cruz, Cruzber's Spanish rack brand. It is a device for safely moving pipes on the roof of a light commercial truck.

In September 2022, Cruz, Cruzber's Spanish rack brand, debuted numerous new products at Automechanika Frankfurt, including CRUZ Stema (towbar bike rack), Cruz FIX Feet, CRUZ Tailo (multi-functional towbar platform), CRUZ ladder Clamp (ladder fitting system), and Cruz Pipe Carrier.

In March 2022, Reconn-Deck truck bed systems were introduced by Rhino-Rack US LLC. The systems can be modified to meet the needs of the customer and evaluated for City Crash and rough road durability. The system also meets the most recent ISO requirements.

Automotive Roof Racks Market Segmentation:

Automotive Roof Racks Market By Type Outlook

• Roof mount


• Raise grill


• Gutter


• Others

Automotive Roof Racks Market By Material Outlook

• Aluminum alloy


• Composite plastic


• Others

Automotive Roof Racks Market By Vehicle Type Outlook

• Commercial vehicle


• Passenger cars

Automotive Roof Racks Regional Outlook

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  Middle East
  
  


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  Africa
  
  


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  Latin America