Sports and Leisure Industry Today

Global Bike Racks Market size was estimated at over USD 330 million in 2017 and is likely to exceed USD 420 million by 2023

The worldwide market for Bike Racks is expected to grow at a CAGR of roughly 5.2% over the next five years, will reach 420 million US$ in 2023, from 330 million US$ in 2017, according to a new GIR (Global Info Research) study.
Published 26 June 2018

Bike Racks Market

“Bike racks are used to carry bikes. They can help protect bikes and provide extra loading options. In the report, the bike racks are only used for cars.” 

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The classification of Bike Racks includes Rear & Hitch Bike Racks, Roof Mounted Bike Racks and Others, and the proportion of Rear & Hitch Bike Racks in 2016 is about 58%, and the proportion is in increasing trend from 2012 to 2016.

Bike Racks is widely used in SUV, Truck and Sedan. The most proportion of Bike Racks is Sedan, and the proportion in 2016 is about 49%. The trend of Sedan is decreasing.

Europe is the largest consumption place, with a consumption market share nearly 36% in 2016. Following Europe, USA is the second largest consumption place with the consumption market share of 33%.

Market competition is not intense. Thule Group, SARIS CYCLING GROUP, Curt, CAR MATE, Allen Sports, Yakima Products, Atera GmbH, Uebler, Rhino-Rack, Hollywood Racks, VDL Hapro, Mont Blanc Group, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.  

Scope of the Report:

The companies highlighted in the Bike Racks Market competition by sales volume, Price (USD/Unit), revenue (Million USD) and market share include: Thule Group, SARIS CYCLING GROUP, Curt, CAR MATE, Allen Sports, Yakima Products, Atera GmbH, Uebler, Rhino-Rack, Hollywood Racks, VDL Hapro, Mont Blanc Group, Cruzber, Swagman, Kuat, Alpaca Carriers, RockyMounts.

Region Segmentation: North America, China, Europe, Southeast Asia, Japan, India.

The Bike Racks Market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals.                             

Most important types of Bike Racks products covered in this report are: Rear & Hitch Bike Racks, Roof Mounted Bike Racks, Others.

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Most widely used downstream fields of Bike Racks market covered in this report are: SUV, Truck, Sedan.

A detailed analysis of the Bike Racks Market, on the basis of geography, provides a clear image of the most dominant trends as well as the regulatory scenario in the individual regional sectors, locally and globally. Additionally, the market size and share of these regions and the forecasts with regards to the key players operating in the market provide an understanding of the investment viability in these regions. The estimate of the Bike Racks market share, whether based on revenue or size is a blend of fact and expert judgment that is supported by a sound research methodology.

Research objectives

To study and analyze the global Bike Racks market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Bike Racks market by identifying its various sub-segments.

Focuses on the key global Bike Racks players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Bike Racks 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 size of Bike Racks sub-markets, 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.

Continued…

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In the end, Bike Racks Industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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