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The Global Car Rack Market is forecast to grow by $1744.71 mn during 2022-2027, accelerating at a CAGR of 6.72% during the forecast period


Global Car Rack Market 2023-2027 The analyst has been monitoring the car rack market and is forecast to grow by $1744. 71 mn during 2022-2027, accelerating at a CAGR of 6. 72% during the forecast period.

New York, Jan. 09, 2023 (GLOBE NEWSWIRE) -- announces the release of the report "Global Car Rack Market 2023-2027" -
Our report on the car rack market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for smaller cars, increasing demand for adventure tourism, and a growing need for pedaling.

The car rack market is segmented as below:
By Product
• Bike car rack
• Roof rack
• Ski rack
• Roof box
• Water sports carrier

By Application
• Passenger vehicle
• Commercial vehicle

By Geographical Landscape
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the increasing initiatives to enhance participation in skiing as one of the prime reasons driving the car rack market growth during the next few years. Also, rising investment in r and d and growing demand for recreational activities will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the car rack market covers the following areas:
• Car rack market sizing
• Car rack market forecast
• Car rack market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading car rack market vendors that include ACPS Automotive GmbH, Atera GmbH, Car Mate Mfg Co Ltd, Cequent, CRUZBER SA, Demar UK Ltd., Farad Pvt. Ltd., Front Runner GmbH, JAC Products, KAMEI GmbH and Co. KG, Kuat Innovations, Malone Auto Racks, Mont Blanc Group AB, Perrycraft Inc., Rhino Rack Pty Ltd., Saris Equipment LLC, Thule Group AB, TOWER POPULAR Ind Co. Ltd., Tradesman Roof Racks, and Yakima Products Inc. Also, the car rack market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report:

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