The surge in bicycle sales and increasing cycling-related activities is propelling the growth of the bike car rack market in the North American Region!

The car bike rack market in the North American region is going to grow at a significant CAGR during the forecasted period market. The North American market is mainly driven by the increasing adoption of bicycles, there are around 52 million bicycle riders in the USA, and most of these rides are done for recreational purposes, there is also a significant increase in participation in adventure sports and mountain trekking. Moreover, in 2022, almost USD 8 billion was spent on bicycles and accessories whereas around USD 900 million were spent alone on bicycle equipment by Americans. Furthermore, public interest in a healthy lifestyle, awareness about environmental concerns, elevated gas prices, and favorable government policies is giving an additional boost to the demand. For instance, on September 2022, The Chicago Department of Transportation (CDOT) announced that, with a total investment of USD 17 million in new funding in 2022 and next, CDOT will install 100 miles of new and upgraded bike lanes.

Access sample report (including graphs, charts, and figures): https://univdatos.com/get-a-free-sample-form-php/?product_id=43445

The North American bike car rack market is expected to grow at a steady CAGR of around 4% during the forecast period (2022-2030). North America is anticipated to emerge as the fastest-growing car bike rack market primarily owing to the increasing popularity of bicycles and cycling-related adventure sports and recreational activities.

FIG. 1 North America Car Bike Rack Market Revenue (2020-2030)- USD Mn

For a detailed analysis of the Global Car Bike Rack Market browse through – https://univdatos.com/report/car-bike-rack-market/

“Amongst product types, the hitch rack segment held a dominating share of the market”

Based on type, the market is segmented into hitch rack, trunk rack, roof rack, pickup carrier rack, and spare tire rack. Out of all, the hitch rack is the most widely used and holds the significant market share amongst all, rear hitch bike rack is attached to the car’s rear trailer hitch and can carry up to two to four bikes, they are the most stable, easier to use, and are more durable than others. Moreover, it provides easier and hassle-free loading and unloading, they can be quickly installed or removed from the cars, capable of swinging away or tilting down for easy access to the rear of the car, and hence becomes an ideal choice for frequent use and travel.

Based on material, the market is segmented into aluminum, steel, plastic, and others. Among all, aluminum is the material that is used by most of the manufacturers in the bike rack industry simply due to the fact that aluminum bars are lighter and stronger than steel bars and are easier to move around and install on the vehicle, and they tend to have a high weight capacity than a steel bar. Moreover, the aesthetic look of aluminum bars is much better than that of traditional steel bars. Furthermore, aluminum material is also resistant to rust and hence can be used in all weathers.

Global Car Bike Rack Market Segmentation

Market Insight, by Product Type

• Hitch rack
• Trunk rack
• Roof rack
• Pickup carrier rack
• Spare tire rack

Market Insights, by Material

• Aluminum
• Steel
• Plastic
• Others

Market Insights, by Sales Channel

• Online retail
• Offline retail

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• APAC
  • China
  • India
  • Japan
  • Australia
  • Rest of APAC
• Rest of the World

Top Company Profiles

• ALLEN.BIKE
• ALTA RACKS
• Thule Group
• Yakima, Inc
• Kupper Mounts
• Lolo Racks
• Hollywood Racks
• QuikrStuff
• Küat Racks
• Saris