Automotive Roof Racks Market Size to Hit $2.81 Bn by 2034

Automotive Roof Racks Market Trends, Disruptions & Strategic Imperatives

Market insights predict the global automotive roof racks industry will increase from USD 1.68 billion in 2024 to USD 2.81 billion by 2034, achieving a CAGR of 5.27%. North America leads the automotive roof racks market, driven by the rising trend of vehicle modifications and a strong auto parts industry in the U.S. and Canada. Asia Pacific is growing fastest, with surging car sales in India, China, and Japan. Passenger cars dominate, while aluminum alloy racks are preferred for their strength and durability.

Automotive Roof Racks Market Growth Drivers, Challenges and Opportunities

The automotive roof racks market size is forecasted to expand from USD 1.77 billion in 2025 to USD 2.81 billion by 2034, growing at a CAGR of 5.27% from 2025 to 2034.

Automotive Roof Racks Market Size 2023 - 2034

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Introduction

The automotive roof racks market is a prominent branch of the automotive industry. This industry deals in development of roof racks for automotives across the world. There are several types of automotive roof racks developed in this industry consisting of roof mount, raise grill, gutter and some others. It is manufactured using different materials such as aluminum alloy, composite plastic and some others. These roofs are designed for numerous vehicles including commercial vehicles and passenger cars. The growing sales of SUVs coupled with technological advancements in automotive sector has contributed to the market expansion. This market is projected to rise significantly with the growth of the automotive component sector around the globe.

Global SUVs Sales in Advanced Nations in Million Units (2021-23)

  • According to the International Energy Agency, around 14.49 SUVs were sold in advanced nations during 2021 that increased to 16.03 million units in 2023.

Highlights of the Automotive Roof Racks Market

  • North America held the largest share of the automotive roof racks market due to the growing trend of vehicle modification coupled with rise in number of automotive component manufacturing companies in U.S. and Canada.
  • Asia Pacific is predicted to grow with the highest CAGR due to the rising sales of vehicles in countries such as India, China, Japan and some others.
  • The passenger cars segment dominated the market due to the increasing trend of on-demand transportation for visiting tourist destinations coupled with rapid investment by companies for manufacturing passenger vehicles.
  • The aluminum alloy segment led the market due to its numerous benefits including high strength, light-weight, corrosion resistance and some others.

Stats and Figures

  • According to the International Energy Agency, around 48% SUVs were sold globally among the total vehicle sales in 2023.
  • According to the International Council on Clean Transportation, around 10.6 million cars were registered in Europe during 2023.
  • According to the Gitnux Organization, the global adventure tourism market size reached US$ 1.6 trillion by the year 2026.
  • According to the International Organization of Motor Vehicle Manufacturers, in Germany, around 359,689 commercial vehicles in December 2023.

Industry Leader Announcement

In January 2025, Michael Lohscheller, the CEO of Polestar made an announcement stating that, “The Arctic Circle collection expresses Polestar's performance DNA derived from Scandinavian motorsport and design. We develop our cars in the harsh conditions of the Arctic Circle in Sweden,' he added, 'and at the FAT Ice Race we will demonstrate the capabilities of the Polestars on ice. We are delighted to be part of this event that celebrates car culture and performance.”

Competitive Landscape

Automotive Roof Racks Market Companies

The automotive roof racks market is a fragmented industry with the presence of several dominant players. Some of the prominent companies in this industry consists of Thule Group (US), Atera GmbH (Germany), Rhino Rack (Australia), Minth Group, Magna International Inc (Canada), Cruzber SA (Spain), Yakima, Inc. (US), JAC Products (US), SPOL. S R.O. (Czech Republic) and some others.

Minth Group Aluminum Segment Revenue in RMB’ 000 (2022-23)

  • According to the annual report of Minth Group, the revenue of the aluminum segment in 2022 was 3789397 thousand RMB that increased to 43281337 thousand RMB in 2023.

Automotive Roof Racks Market Segmentations

By Type

  • Roof mount
  • Raise grill
  • Gutter
  • Others

By Material

  • Aluminum alloy
  • Composite plastic
  • Others

By Vehicle Type

  • Commercial vehicle
  • Passenger cars

By Regional

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • Insight Code: 1524
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Last Updated: 12 February 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

About The Author

Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.

FAQ's

The automotive roof racks market size is valued at US$ 1.77 billion in 2025.

North America dominated this industry.

The rise in adventure tourism and sports along with growing demand for SUVs drives the market growth.

Some of the prominent players of this industry consists of Thule Group (US), Atera GmbH (Germany), Rhino Rack (Australia), Magna International Inc (Canada), Cruzber SA (Spain), Yakima, Inc. (US) and some others.

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