The Australian car rack
market is expected to witness a growth of steady CAGR in the forecast period,
2023-2027. The growing automotive industry, high demand for recreational
activities, and ongoing advancements in the car rack manufacturing process are
the primary factors driving the demand for the Australian car rack market in
the forecast period.
A car rack refers to an
automotive stand or carrier over the roof of a vehicle to increase the luggage
capacity of the car. They are manufactured using lightweight materials such as
steel, composite plastic, and aluminum alloy. The car rack consists of several
pillars and rails and mount to support the rack frame over the car and is
designed to distribute the weight of the car rack evenly over the car roof.
Flourishing Automotive
Industry Drives the Market Growth
Changing consumer preference
and increased demand for private vehicle ownership is fueling the production
and sales of passenger cars. Total car sales in 2020 were 676,804 units. The
introduction of superior vehicles with higher fuel mileage, seating capacity,
and increased vehicular capabilities are expected to accelerate the demand for
modern car racks. They are more comfortable than the permanently mounted car
racks. The rapid shift of consumers towards electric vehicles due to increased
pollution levels and high awareness about the negative effect of greenhouse
emissions is expected to offer lucrative opportunities to the Australian car
rack market growth in the forecast period.
Increasing the expenditure
capacity of consumers enables them to afford a quality lifestyle. Car racks
provide maximum space to passengers and enhanced comfort while driving an
automobile. Earlier, the carracks were permanently mounted over the car roof,
which caused massive inconvenience among consumers. The use of modern car
racks, which can be attached or detached using hooks or joints, ensures minimal
maintenance, higher convenience, and enhanced flexibility.
Increasing Tourism Industry
Supports the Market Growth
Australia boasts of some of
the best tourist places such as Sydney Harbor Bridge, Fraser Island, and Great
Barrier Reef, Queensland, which attracts tourists worldwide. People prefer to
visit Australia to enjoy adventure activities. Participation of tourists in
adventure activities along the coastline, cities, or red-earthed deserts
requires a lot of props, gear, and appropriate clothing. These adventure
activities require extra boot space, which a car rack can fulfill efficiently.
Car racks provide safe and solid space to carry sports gears and have specially
designed racks for water sports equipment, ski-boards, and bikes.
Also, travelers prefer to
avail ride-hailing and sharing services as they are more affordable and are
easily accessible. The demand for car racks among consumers and the need to
provide improved customer experience by ride-hailing and sharing services can
influence the market demand significantly for the next five years. The growing
income capacity of consumers and increased demand for high comfort and
convenience while traveling is expected to create a huge need for car racks.
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Market Segmentation
The Australia car rack market
is segmented based on vehicle type, type, material, company, and regional
distribution. Based on vehicle type, the market is divided into hatchback,
sedan, and SUV/MPV. Based on type, the market is divided into roof rack, roof
box, bike car rack, ski rack, and watersport carrier. Based on material, the
market is divided into aluminum alloy, composite plastic, stainless steel, and others. The
market is also studied by dividing Australia into regions namely New South
Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania,
Australian Capital Territory, Northern Territory.
Market Players
ACPS Automotive GmbH, Allen
Sports USA, Roof Carrier Systems, Roof Racks Galore (RRGQ) Pty Ltd, Cequent
Group (Rola), Thule Group, Yakima Australia Pty Ltd., Clarus Corporation, Mont
Blanc Group AB, Shingleback Off Road are the major market players operating in
the Australia car rack market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Vehicle Type
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Type
·
Material
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Region scope
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New South Wales, Victoria, Queensland, Western Australia, South
Australia, Tasmania, Australian Capital Territory, Northern Territory
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Key companies profiled
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ACPS Automotive GmbH, Allen Sports USA, Roof
Carrier Systems, Roof Racks Galore (RRGQ) Pty Ltd, Cequent Group (Rola), Thule
Group, Yakima Australia Pty Ltd., Clarus Corporation, Mont Blanc Group AB, Shingleback
Off Road
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Australia car rack
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Australia Car Rack Market, By Vehicle Type:
- Australia Car Rack Market, By Type:
- Roof Rack
- Roof Box
- Bike Car Rack
- Ski Rack
- Watersport Carrier
- Australia Car Rack Market, By Material:
- Aluminum Alloy
- Composite Plastic
- Stainless Steel
- Others
- Australia Car Rack Market, By Region:
- New South Wales
- Victoria
- Queensland
- Western Australia
- South Australia
- Tasmania
- Australian Capital Territory
- Northern Territory
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Australia car rack market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Australia car rack market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]