Automotive Roof Rails Market Overview
Automotive roof rails are mounted on top of the vehicle which used to carry bulk cargo, sporting gears such as bicycles and skis and other oversized items on the roof of the vehicles. Roof mounts are fixed on these rails with the help of the mounting points.
The most common version of roof rail has two cast supports with an extruded aluminum bar between them which are joined to the extruded bar by mechanical joining or by adhesive bonding. Whereas the modern roof rails are integrated to the end supports with the extrusion and thus eliminate the cast supports. This reduces the number of parts and enhances the aesthetics of the vehicles.
Extrusion based aluminum alloy roof rails are mostly used because they enable low cost, low weight and high strength designs.
Automotive Roof Rails Market: Dynamics
The needed provision of luggage storage other than interior trunk of passenger cars is understood to be the pivotal factor in the growth of Automotive Roof Rails market. Another major driver is also due to increasing preference for lightweight parts and improved exterior aesthetic appearance of the vehicle. In lieu of the same, the development of new materials and custom designs is further propelling the market growth.
For instance, flush rails have greatly improved the aesthetics and reduced the weight of the vehicles which in turn have boosted the demand. However, the growth of automotive roof rails may be restrained to only certain vehicle models. Another reason of restrained demand of automotive roof rails is due to lower adoption rate in certain regional markets where per capita spend on car accessories is less.
The major opportunity is the valuable product design competence to cater the consumer preferences. The growing electric vehicle market is expected to provide significant opportunity for the growth of automotive roof rails market.
The key trend employed by market participants of automotive roof rails is optimization of product design and aesthetics improvement at affordable cost. The Covid-19 pandemic has shaken down the worldwide economy manufacturing sector of both emerging an advanced economies alike and it has seriously affected the automotive business.
This has prompted considerable stoppage in spending in the first half of the year 2020 resonating through each segment of the economy. Part of assembling organizations had flexibly fixed interruptions because of lockdown.
For example, the UK, France, and Spain, which represent critical vehicle deals in Europe, is seriously affected by pandemic. Production lines of tier 1 and tier 2 suppliers have stopped. In addition, legal and trade restrictions, for example, sealed borders, increased the deficiency of required parts.
Such disturbances led to the disruptions in OEMs supply chains globally. Full fledge recovery is anticipated to be seen by mid-2022 as the governments across the world will enforce strong policies to minimize the impact of the pandemic on the economy.
Automotive Roof Rails Market: Regional Outlook
Asia Pacific is anticipated to account for a major share due to the higher production of vehicles in the region. India and China are the key examples with the rising disposable income of the population resulting in the healthy sales of automotive roof rails. In addition, the automobile production is also increasing due to rising investment in the production capacity and investment by European and North American car manufacturers in the region.
For instance in 2018, Volkswagen Group announced to invested USD 1.12 billion in India to expand its presence in the country. Europe is another major market which accounts for 25% of the global passenger car production as per European Automobile Manufacturers Association (AECA). The region also has prominent car manufacturers such as BMW AG, Daimler AG, and AUDI AG which are at the forefront in terms of technological innovations.
Automotive Roof Rails Market: Key Participants
Some of the market participants in the global Automotive Roof Rails market, identified across the value chain include:
- VDL Hapro B.V.
- Thule Group
- Magna International
- Inc., Rhino-Rack
- MINTH Group Limited
- JAC Products
- Cruzber S.A.
- Yakima Products Inc.
- Atera GmbH
The research report on the Automotive Roof Rails market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Automotive Roof Rails market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, type, material, vehicle type and sales channel.
The report covers exhaustive analysis on
- Automotive Roof Rails Market Segments
- Automotive Roof Rails Market Dynamics
- Automotive Roof Rails Market Size
- New Sales of Automotive Roof Rails
- Current Trends/Issues/Challenges in the Automotive Roof Rails Market
- Competition & Companies Involved in Automotive Roof Rails
- New Technology for Automotive Roof Rails
- Value Chain of the Automotive Roof Rails Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global Automotive Roof Rails market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Automotive Roof Rails Market: Segmentation
The global Automotive Roof Rails market can be segmented on the basis of type, material, vehicle type and sales channel.
- Roof Mount
- Raised Rails
- Aluminum Alloy
- Composite Plastic
- Passenger Vehicle
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Sales channel :