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Car Rack market in Western Europe to grow at a CAGR of 5.47% over the period 2014-2019, finds new report

Publisher recognizes the following companies as the key players in the Car Racks Market in Western Europe: Atera GmbH, Cruzber SA, Hapro International BV, KAMEI GmbH & Co. KG and Mont Blanc Group AB.

Other Prominent Vendors in the market are: HandiWorld, JAC Products, Pendle Bike Racks, Thule Group and Yakima Products.

Commenting on the report, an analyst from Publisher’s team said: “Efficient and modern designs are one of the key trends upcoming in this market, wherein vendors are introducing sleeker, compact, and lightweight designs to increase user appeal. Car rack designs are engineered to support the entire load capacity. Use of better materials such as stainless steel over standard steel has increased durability and reduced the weight of these products.”

According to the report, one of the major drivers of the market is limited boot space in cars. Often, the boot space is insufficient to accommodate bulky items, necessitating the use of a car rack. Car racks fix this problem by providing space on the exterior of a car as they provide increased capacity and allow the carrying of a multitude of items with ease and safety.

Further, the report states that one of the major challenges that the market faces is the effect on performance. Car racks add to the weight and height of a car and disrupt its aerodynamic profile, creating wind resistance, which in turn affect the vehicle’s performance.

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 a SWOT analysis of the key vendors.

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