How big is the Car Rack Market?

The Car Rack Market size is expected to reach USD 1.42 billion in 2024 and grow at a CAGR of 5.46% to reach USD 1.86 billion by 2029. Read More

What is the current Car Rack Market size?

In 2024, the Car Rack Market size is expected to reach USD 1.42 billion. Read More

Who are the key players in Car Rack Market?

Thule Group AB, Carmate Mfg. Co. Ltd., Yakima Products Inc. , Rhino-Rack LLC and Cruzber are the major companies operating in the Car Rack Market. Read More

Which is the fastest growing region in Car Rack Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Car Rack Market?

In 2024, the North America accounts for the largest market share in Car Rack Market. Read More

What years does this Car Rack Market cover, and what was the market size in 2023?

In 2023, the Car Rack Market size was estimated at USD 1.35 billion. The report covers the Car Rack Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Car Rack Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Car Rack Market Share

Statistics for the 2023 & 2024 Car Rack market share, created by Mordor Intelligence™ Industry Reports. Car Rack share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Car Rack Industry

The car rack market is moderately consolidated with several major and local players. Some of the major market players are Thule Group AB, Yakima Products Inc., Rhino-Rack USA LLC, Car Mate Mfg. Co. Ltd, and Cruzber. Manufacturers are looking at different and innovative designs to be installed onto vehicles that consume less space and are more practical in design aspects. They are focusing on various growth strategies, such as product developments, partnerships, and retail expansion to strengthen their position in the market. For instance,

September, 2022, Hyundai Mobis introduced new touring accessories Roof Box, Roof Basket, and Bike Carrier for Hyundai Tucson, Creta, Venue, and Kona electric SUV customers in India. These accessories have been developed in association with Thule Group AB.
October, 2022, Carmate introduced a new storage roof box called Inno which can be attached and removed as a suitcase to the roof of the vehicle. The rooftop box has a capacity of 160 liters and can accommodate chairs and tables of up to 900mm in length.