Bike Racks Market Emerging Trend, Top Companies, Industry Demand and Regional Analysis by 2028

The global bike racks market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022- 2028). A bike rack is a device used to hold a bicycle and is also known as a bicycle carrier or bicycle stand. A bicycle carrier is attached to a vehicle (truck, bus, or car) and the bicycle is mounted on it. A bicycle carrier that is used for the transportation of bicycles can be mounted in the front, rear, and on the top of the vehicle. A bicycle is the best alternative to a motorcycle. The use and installation of bike racks depend on the number of people riding bicycles. Additionally, a bicycle stand is a device to which bicycles are attached securely for the purpose of parking. With the increase in pollution and harmful gases emitted by vehicles, people are getting more inclined towards fitness, cycling improves strength, coordination, and balance. These are some of the driving factors for the growth of the global bike racks market. Riding a bicycle and the benefits associated with it are surfacing on social media and promotional events. This, in turn, is boosting the growth of the market. Nowadays night cycling is very popular and the demand is increasing day by day. Even most companies have started installing secure bike parking, showers, and facilities to make things easier for employees cycling to work.

 

Some major players in the market include Thule Group, Saris Cycling Group, Inc., and Yakima Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market.  For instance, in November 2021, Yakima Inc. released two new hitch bike racks that are meant to make transportation of your bikes easier and safer. Both the models are easy to use and rich in features.  Additionally, in January 2020, Dometic Group AB (PUBL) launched the CAM200 industry’s first bike rack camera for perfect rearview. This product is a unique solution protected by patents to ensure a perfect rear view for drivers with bike racks installed.

 

(Get 15% Discount on Buying this Report)

Get Sample Copy of Bike Racks Market at: https://orionmarketreports.com/request-sample/?id=102757&submit=Request+Sample%0D%0A

 

Market Coverage

  • The market number available for – 2021-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered-
  • By Type
  • By Style
  • By Finishing
  • By Distribution Channel
  • Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

 

Competitive Landscape– Thule Group, Saris Cycling Group, Inc., and Yakima Inc., among others.

 

A full report Bike Racks Market of is available at:  https://orionmarketreports.com/bike-racks-market/102757/

Global Bike Racks Market Report by Segment

By Type

  • Rear Bike Racks
  • Hitch Bike Racks
  • Roof Mounted Bike Racks

By Style

  • U Rack
  • Wave Rack
  • Bollard Style Rack
  • Grid Style Rack

By Finishing

  • Galvanized
  • Powder Coat
  • Thermoplastic Coated
  • Recycled Plastic
  • Steel

By Distribution Channel

  • Online
  • Offline

 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

 

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404