Automotive bicycle rack market 2023-2027: Increasing demand for bicycle racks from car rental companies to be a key trend - Technavio

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- According to Technavio, the global automotive bicycle rack market size is estimated to grow by USD 457.24 million from 2022 to 2027. The market is estimated to grow at a CAGR of 3.24% during the forecast period. North America will account for 41% of the market's growth during the forecast period. Increasing demand for bicycle racks from car rental companies is another factor supporting the automotive bicycle rack market growth in the forecast period. The rise of the ridesharing concept in the transportation sector has benefited numerous automobile rental businesses all around the world. In order to increase market share and win over customers, these businesses aim to provide value-added services to the customers.  With the growing popularity of adventure tourism and outdoor recreational activities, car rental companies are also adding bicycle racks to their vehicles. Furthermore, the increasing trend of self-guided tours and the increasing popularity of foldable bicycles will drive market growth during the forecast period. Download a Sample Report

Global automotive bicycle rack market - Five forces
The global automotive bicycle rack market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global automotive bicycle rack market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global automotive bicycle rack market - Segmentation assessment

Segment overview
Technavio has segmented the market based on the product (hitch-mounted rack, roof-mounted rack, and trunk-mounted rack), application (household, commercial use, and public services), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market share growth of the hitch-mounted rack segment will be higher than the other segments during the forecast period. The advantages of hitch-mounted racks, the availability of a wide variety of models with low-cost options, and the existence of several international and local vendors are expected to drive the market's growth during the forecast period.

Geography Overview
By geography, the global automotive bicycle rack market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive bicycle rack market.

• North America will account for 41% of the market's growth during the forecast period. In North America, the market for automotive bicycle racks is expected to grow moderately due to the stagnating growth of the regular bicycle market. However, there is a rising trend in the region for e-bike demand. Bicycle demand is expected to be driven by the growing popularity of an active lifestyle and the amount of sports enthusiasts in the area. This, in turn, will propel the growth of the automotive bicycle rack market in North America during the forecast period.

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Global Automotive bicycle rack market – Market dynamics

Key factor driving market growth

• One of the key factors driving the automotive bicycle rack market is the increasing demand for adventure tourism. 
• Adventure tourism includes mountaineering expeditions, mountain cycling, trekking, bungee jumping, rafting, and rock climbing. These activities help in improving mental and physical wellness.
• Furthermore, changes in lifestyle, demographics, and an increasing preference for experience travel are responsible for the strong demand for adventure tourism.
• Additionally, numerous regional governments are continuously funding the development of cycling infrastructure. The need for this type of adventure tourism will drive the adoption of automotive bicycle racks.

Major challenges hindering the market growth

• The decreased fuel efficiency of vehicles will be a major challenge for the automotive bicycle rack market during the forecast period
• High engine power and vehicle weight reduces the fuel consumption of automobile. Vehicles become significantly heavier when bicycle racks are installed, which lowers their fuel efficiency.
• The bicycle rack mounted on the roof may increase aerodynamic drag, reducing fuel economy even more. Manufacturers of bicycle racks are concentrating on producing lightweight bicycle racks in order to increase fuel efficiency.

Driver, & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this automotive bicycle rack market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automotive bicycle rack market between 2023 and 2027
• Precise estimation of the size of the automotive bicycle rack market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automotive bicycle rack market across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automotive bicycle rack market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive bicycle rack market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global automotive bicycle rack market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Hitch mounted rack - Market size and forecast 2022-2027
• Exhibit 34: Chart on Hitch mounted rack - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Hitch mounted rack - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Hitch mounted rack - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Hitch mounted rack - Year-over-year growth 2022-2027 (%)

• 6.4 Roof mounted rack - Market size and forecast 2022-2027
• Exhibit 38: Chart on Roof mounted rack - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Roof mounted rack - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Roof mounted rack - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Roof mounted rack - Year-over-year growth 2022-2027 (%)

• 6.5 Trunk mounted rack - Market size and forecast 2022-2027
• Exhibit 42: Chart on Trunk mounted rack - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Trunk mounted rack - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Trunk mounted rack - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Trunk mounted rack - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Household - Market size and forecast 2022-2027
• Exhibit 51: Chart on Household - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Household - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Household - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Household - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial use - Market size and forecast 2022-2027
• Exhibit 55: Chart on Commercial use - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Commercial use - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Commercial use - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Commercial use - Year-over-year growth 2022-2027 (%)

• 7.5 Public services - Market size and forecast 2022-2027
• Exhibit 59: Chart on Public services - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Public services - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Public services - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Public services - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 63: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Allen Sports USA 
• Exhibit 116: Allen Sports USA - Overview
• Exhibit 117: Allen Sports USA - Product / Service
• Exhibit 118: Allen Sports USA - Key offerings

• 12.4 Atera GmbH 
• Exhibit 119: Atera GmbH - Overview
• Exhibit 120: Atera GmbH - Product / Service
• Exhibit 121: Atera GmbH - Key offerings

• 12.5 AURILIS GROUP 
• Exhibit 122: AURILIS GROUP - Overview
• Exhibit 123: AURILIS GROUP - Product / Service
• Exhibit 124: AURILIS GROUP - Key offerings

• 12.6 CURT Manufacturing LLC 
• Exhibit 125: CURT Manufacturing LLC - Overview
• Exhibit 126: CURT Manufacturing LLC - Product / Service
• Exhibit 127: CURT Manufacturing LLC - Key offerings

• 12.7 Fabbri Portatutto Srl 
• Exhibit 128: Fabbri Portatutto Srl - Overview
• Exhibit 129: Fabbri Portatutto Srl - Product / Service
• Exhibit 130: Fabbri Portatutto Srl - Key offerings

• 12.8 Kuat Innovations 
• Exhibit 131: Kuat Innovations - Overview
• Exhibit 132: Kuat Innovations - Product / Service
• Exhibit 133: Kuat Innovations - Key offerings

• 12.9 Mont Blanc Group AB 
• Exhibit 134: Mont Blanc Group AB - Overview
• Exhibit 135: Mont Blanc Group AB - Product / Service
• Exhibit 136: Mont Blanc Group AB - Key offerings

• 12.10 Peruzzo srl 
• Exhibit 137: Peruzzo srl - Overview
• Exhibit 138: Peruzzo srl - Product / Service
• Exhibit 139: Peruzzo srl - Key offerings

• 12.11 Pipeline Racks 
• Exhibit 140: Pipeline Racks - Overview
• Exhibit 141: Pipeline Racks - Product / Service
• Exhibit 142: Pipeline Racks - Key offerings

• 12.12 Rhino Rack Pty Ltd. 
• Exhibit 143: Rhino Rack Pty Ltd. - Overview
• Exhibit 144: Rhino Rack Pty Ltd. - Product / Service
• Exhibit 145: Rhino Rack Pty Ltd. - Key offerings

• 12.13 Swagman 
• Exhibit 146: Swagman - Overview
• Exhibit 147: Swagman - Product / Service
• Exhibit 148: Swagman - Key offerings

• 12.14 Thule Group AB 
• Exhibit 149: Thule Group AB - Overview
• Exhibit 150: Thule Group AB - Business segments
• Exhibit 151: Thule Group AB - Key offerings
• Exhibit 152: Thule Group AB - Segment focus

• 12.15 Tyger Auto Inc. 
• Exhibit 153: Tyger Auto Inc. - Overview
• Exhibit 154: Tyger Auto Inc. - Product / Service
• Exhibit 155: Tyger Auto Inc. - Key offerings

• 12.16 Uebler GmbH 
• Exhibit 156: Uebler GmbH - Overview
• Exhibit 157: Uebler GmbH - Product / Service
• Exhibit 158: Uebler GmbH - Key offerings

• 12.17 Yakima Products Inc. 
• Exhibit 159: Yakima Products Inc. - Overview
• Exhibit 160: Yakima Products Inc. - Product / Service
• Exhibit 161: Yakima Products Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

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