LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive bicycle rack market and it is poised to grow by USD 820.00 million during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allen Sports USA, Atera GmbH, Car Mate Mfg. Co. Ltd., Kuat Innovations, Mont Blanc Group AB, Rhino Rack Pty Ltd., Thule Group AB, Tyger Auto Inc., VDL Groep BV, and Yakima Products Inc. are some of the major market participants. Although the increasing demand for adventure tourism will offer immense growth opportunities, decreased fuel efficiency of vehicles will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Automotive Bicycle Rack Market 2020-2024 : Segmentation
Automotive Bicycle Rack Market is segmented as below:
- Hitch-mounted Rack
- Roof-mounted Rack
- Trunk-mounted Rack
- North America
- South America
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Automotive Bicycle Rack Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive bicycle rack market report covers the following areas:
- Automotive Bicycle Rack Market size
- Automotive Bicycle Rack Market trends
- Automotive Bicycle Rack Market industry analysis
This study identifies the growing popularity of ride sharing and car-pooling as one of the prime reasons driving the automotive bicycle rack market growth during the next few years.
Automotive Bicycle Rack Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive bicycle rack market, including some of the vendors such as Allen Sports USA, Atera GmbH, Car Mate Mfg. Co. Ltd., Kuat Innovations, Mont Blanc Group AB, Rhino Rack Pty Ltd., Thule Group AB, Tyger Auto Inc., VDL Groep BV, and Yakima Products Inc. Backed with competitive intelligence and benchmarking, our research reports on the automotive bicycle rack market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Automotive Bicycle Rack Market 2020-2024 : Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive bicycle rack market growth during the next five years
- Estimation of the automotive bicycle rack market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive bicycle rack market
- Analysis of the market’s