• Market Insights

Automotive Racks & Carriers Market Insight

The global car racks & carriers market is valued at USD 1.3bn in 2018 and is expected to grow at a CAGR of 6.9% until 2024. The roof mount rack segment (market share of 48%) is the largest application type in the market but bicycle carriers and roof boxes with strongest growth potential. Specific vehicle (e.g. compact cars, SUV’s, mobile homes) and sport & leisure (e.g. work-life balance, healthy lifestyle, increase in leisure spending, e-bikes) trends are main growth drivers.

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