Global Car Bicycle Racks Market Is Expected to Surge the Market Value, With A CAGR of 7%

The car bicycle rack market is projected to increase to a value of $3 billion, enlisting a CAGR of more than 6% from 2021 to 2026.

Car Bicycle Racks: Introduction

A bike rack or carrier, is a gadget connected to an automobile like car, bus, for moving bikes.

Types of car bicycle racks are:

Hitch mounted Bike Racks

Strap-on trunk Bike Racks

Roof bike Racks

Spare tire bike Racks

Truck Bed bike Rack

Suction cup bike Racks

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Key players in the global Car Bicycle Racks market covered in Chapter 13:

Peruzzo

Thule

Hollywood Racks

Maypole

Saris

MAXXRAXX

Avenir

Zentorack

Bosal

Unbranded

In Chapter 6, on the basis of types, the Car Bicycle Racks market from 2015 to 2025 is primarily split into:

Boot Mounted

Roof Mounted

Towbar Mounted

In Chapter 7, on the basis of applications, the Car Bicycle Racks market from 2015 to 2025 covers:

Commercial vehicle

Passenger car

Market segment by Region, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Market overview

With COVID-19 hitting the vehicle and mobility area harshly, the industrial and development of cars saw a halt, and subsequently, the small or large organizations in the business of car rooftop racks experienced an incredible deal. Post pandemic, with the expanding interest for intermittent recreational activities and medical advantages, the requirement for mountain trekking and ski outings will increment. This, thus, will build the interest for more vehicle racks and roof mounts that are reliable, expanding the market esteem.

Some of the key factor driving the development of the market are the interest for additional baggage space and expanding excitement for sporting activities and tourism. Notwithstanding, quality- development of rust and consumption in bad quality racks, and pricing issues- factors influencing the value, similar to expenses of the item, like constructional material/unrefined material, style of rooftop rack, and brand, may impede the development of the market.

Economic growth

The car bicycle rack market size reported $2 billion in 2020, and it is projected to increase to a value of more than $2 billion, enlisting a CAGR of more than 6% during the estimated period from 2021-2026.

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