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Market Overview of Global Bike Racks market:
According to our latest research, the global Bike Racks market looks promising in the next 5 years. As of 2022, the global Bike Racks market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Increasing demand for adventure tourism
With the development of tourism personalization, tourism products based on a single tourism level can no longer meet people's psychological requirements for tourism, so they have turned to the professional demand level of culture, leisure and adventure. Severe urban pollution has also prompted more people to choose outdoor adventure as a leisure way, they will be more involved in cycling and other recreational activities. As the demand for outdoor travel increases, so does the demand for bike racks.
Product innovation and improvement
With the development of technology, manufacturers have strengthened research on products and improved bicycle rack products. Using lighter materials can reduce overall weight. The introduction of ultra-quiet technology reduces noise while driving. Better coating to prevent product corrosion and extend service life. As the product improves, more consumers will be happy to use bike racks, which will increase product sales.
Complex bicycle rack installation
Although many manufacturers have introduced easy-to-install bike racks, this may ease the installation process. However, for people who are shorter and have less strength, there are still some difficulties in installing the bicycle rack. Insufficient installation will bring certain danger to the use of the product.
Product reduces vehicle fuel efficiency
Installing one or more bicycle racks on a car increases the load on the car and reduces fuel efficiency. As a result, bike rack manufacturers need to consider using lighter but stronger materials to make their products, ensure product quality, and reduce the fuel burden on cars.
Company Overview:
Thule Group is one of the major players operating in the Bike Racks market, holding a share of 34.51% in 2023.
Thule Group
Thule Group is a global market leader in many product categories, including luggage racks, luggage and bicycle racks used in cars, camera bags, and multi-purpose sports and bicycle trailers. The company is also growing rapidly in product categories such as sports and luggage bags, luggage and strollers.
Atera GmbH
ATERA GmbH manufactures automotive parts. The company provides transportation systems and roof boxes, as well as installation, development and design services.
Segmentation Overview:
Among different product types, Rear & Hitch Bike Racks segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the SUV segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Bike Racks market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Bike Racks Market Report:
Market Size Estimates: Bike Racks market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Bike Racks market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Bike Racks market
Segment Market Analysis: Bike Racks market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Bike Racks market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Bike Racks Market: Revenue and sales volume of major countries in each region
Bike Racks Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Bike Racks market in major regions.
Bike Racks Industry Value Chain: Bike Racks market raw materials & suppliers, manufacturing process, distributors, downstream customers
Bike Racks Industry News, Policies & Regulations
Key players in the global Bike Racks market are covered in Chapter 12:
Uebler GmbH
Thule Group
Rhino Rack
VDL Hapro
Atera GmbH
Saris Cycling Group
Yakima
Hollywood Racks
Mont Blanc Group
Cruzber
In Chapter 2 and Chapter 15.1, based on types, the Bike Racks market from 2018 to 2028 is primarily split into:
Rear & Hitch Bike Racks
Roof Mounted Bike Racks
Others
In Chapter 3 and Chapter 15.2, based on applications, the Bike Racks market from 2018 to 2028 covers:
SUV
Truck
Sedan
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Bike Racks market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028