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(Transportation-News.com, September 16, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Bike Car Rack market for 2018-2023.
A bike car rack consists of a set of bars mounted on the roof, hitch or trunk of a car that secures bikes for transportation. While some vehicles include factory-installed car racks, others need to be fitted with aftermarket parts. Since most bike car racks are temporarily fitted, aftermarket parts are used. Vendors are focusing on modern product designs with more features.
Recreational activities are main drivers contributing to growth of market. Development of urbanization, hectic lifestyles, over-crowded cities, and rising environmental pollution has encouraged consumer to attend outdoor adventure activities. As people realize the health benefits of outdoor activities, they will participate more in cycling and other recreational activities. Outdoor recreational activities are rapidly gaining popularity in Europe and North America. Changes in lifestyle, attitudes, and demographic are resulting in increased spending on recreational activities. This, in turn, has increased the expenditure on related equipment like bike car racks. Owing to the increased demand for bike-ready vehicles, the car rental company has tripled its fleet to meet the increased demand from cycling fans. The recent rise in the demand for recreational activities during the forecast period.
Over the next five years, this report projects that Bike Car Rack will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Bike Car Rack market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Hitch-Mounted Rack
Trunk-Mounted Rack
Roof-Mounted Rack
Segmentation by application:
Online Sales
Offline Sales
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Thule
Yakima
Allen Sports
Küat
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Bike Car Rack consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Bike Car Rack market by identifying its various subsegments.
Focuses on the key global Bike Car Rack manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Bike Car Rack with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Bike Car Rack submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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