Truck Racks Market Size & Share Analysis Report By Product (Steel, Aluminum), By Application (OEM, Aftermarket), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2018 - 2025

Published: Feb, 2018 | Pages: 78 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global truck racks market size is expected to reach USD 1.09 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.9% during the forecast period. Surging demand for aluminum-based truck racks owing to their lighter weight and longer lifetime is anticipated to be one of the key trends benefitting the overall market.

Raw materials supplied to truck rack manufacturers are generally procured from distributors employed by major steel and aluminum companies due to low procurement volumes. Moreover, value addition by manufacturers was observed to be the highest as they are thoroughly integrated from design to finishing of the product.

Product supply is carried out either by direct or indirect distribution channels. In addition, a majority of companies in the market operate dual distribution channels, such as distributors, dealers, and wholesalers. Presence of extensive distribution network ensures timely product supply across key operational regions, which positively influences market growth. Scope for product customization is low, with various customization options limited to change in length and size of the product. In addition, suppliers and distributors primarily take care of such customization, thereby adding to the value of the products.

Further key findings from the report suggest:

• Aluminum truck racks are likely to register a CAGR of 6.6% by volume from 2017 to 2025. Reduction in overall product weight achieved with use of the material is fueling adoption

• The market in U.S. is poised to exhibit a CAGR of 4.8% in terms of revenue during the forecast period. Asia Pacific is estimated to be the most promising region during the forecast period in terms of value as well as volume

• Demand for truck racks will be higher in the aftermarket as compared to OEMs, with the former projected to command just over 70.0% of the overall market volume

• Key industry players lay high emphasis on development of new product designs in order to attract consumers and operating extensive distribution network in a bid to augment market share.

 Table of Contents

Chapter 1. Methodology and Scope
                   1.1. Research Methodology
                   1.2. Research Scope & Assumptions
                   1.3. List of Data Sources

Chapter 2. Executive Summary
                   2.1. Market Snapshot

Chapter 3. Truck Racks Market Variables, Trends & Scope
                   3.1. Market segmentation
                   3.2. Market size and growth prospects, 2014 - 2025
                   3.3. Value chain analysis
                   3.4. Market dynamics
                        3.4.1. Market driver analysis
                        3.4.2. Market restraint analysis
                   3.5. Industry analysis - Porter's
                   3.6. PESTEL analysis, 2016
                   3.7. Supply Chain Analysis
                        3.7.1. Case 1: Hauler Racks, Inc.

Chapter 4. Truck Racks Market: Product Estimates & Trend Analysis
                   4.1. Truck racks market: Product movement analysis, 2016 & 2025
                   4.2. Steel
                        4.2.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                   4.3. Aluminum
                        4.3.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)

Chapter 5. Truck Racks Market: Application Estimates & Trend Analysis
                   5.1. Truck racks market: Application movement analysis, 2016 & 2025
                   5.2. OEM
                        5.2.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                   5.3. Aftermarket
                        5.3.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)

Chapter 6. Truck Racks Market: Regional Estimates & Trend Analysis
                   6.1. Truck racks market: Regional movement analysis, 2016 & 2025
                   6.2. North America
                        6.2.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                        6.2.2. Market estimates and forecasts, by product, 2014 - 2025 ('000 Units) (USD Million)
                        6.2.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)
                        6.2.4. U.S.
                             6.2.4.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                             6.2.4.2. Market estimates and forecasts, by product, 2014 - 2025 ('000 Units) (USD Million)
                             6.2.4.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)
                        6.2.5. Canada
                             6.2.5.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                             6.2.5.2. Market estimates and forecasts, by product , 2014 - 2025 ('000 Units) (USD Million)
                             6.2.5.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)
                        6.2.6. Mexico
                             6.2.6.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                             6.2.6.2. Market estimates and forecasts, by product, 2014 - 2025 ('000 Units) (USD Million)
                             6.2.6.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)
                   6.3. Europe
                        6.3.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                        6.3.2. Market estimates and forecasts, by product, 2014 - 2025 ('000 Units) (USD Million)
                        6.3.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)
                        6.3.4. U.K.
                             6.3.4.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                             6.3.4.2. Market estimates and forecasts, by product, 2014 - 2025 ('000 Units) (USD Million)
                             6.3.4.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)
                   6.4. Asia Pacific
                        6.4.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                        6.4.2. Market estimates and forecasts, by product, 2014 - 2025 ('000 Units) (USD Million)
                        6.4.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)
                        6.4.4. Australia
                             6.4.4.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                             6.4.4.2. Market estimates and forecasts, by product, 2014 - 2025 ('000 Units) (USD Million)
                             6.4.4.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)
                   6.5. Central & South America
                        6.5.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                        6.5.2. Market estimates and forecasts, by product, 2014 - 2025 ('000 Units) (USD Million)
                        6.5.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)
                   6.6. Middle East & Africa
                        6.6.1. Market estimates and forecasts, 2014 - 2025 ('000 Units) (USD Million)
                        6.6.2. Market estimates and forecasts, by product, 2014 - 2025 ('000 Units) (USD Million)
                        6.6.3. Market estimates and forecasts, by application, 2014 - 2025 ('000 Units) (USD Million)

Chapter 7. Competitive Landscape
                   7.1. Competitive Landscape
                   7.2. Vendor Landscape
                   7.3. Competitive Environment
                   7.4. Competitive Market Positioning

Chapter 8. Company Profiles
                   8.1. Hauler Racks, Inc.
                        8.1.1. Company overview
                        8.1.2. Financial performance
                        8.1.3. Product benchmarking
                        8.1.4. Strategic initiatives
                   8.2. Kargo Master Inc.
                        8.2.1. Company overview
                        8.2.2. Financial performance
                        8.2.3. Product benchmarking
                        8.2.4. Strategic initiatives
                   8.3. The Thule Group
                        8.3.1. Company overview
                        8.3.2. Financial performance
                        8.3.3. Product benchmarking
                        8.3.4. Strategic initiatives
                   8.4. Cross Tread Industries, Inc.
                        8.4.1. Company overview
                        8.4.2. Financial performance
                        8.4.3. Product benchmarking
                   8.5. U.S. Rack Inc.
                        8.5.1. Company overview
                        8.5.2. Financial performance
                        8.5.3. Product benchmarking
                   8.6. Vanguard Manufacturing, Inc.
                        8.6.1. Company overview
                        8.6.2. Financial performance
                        8.6.3. Product benchmarking
                        8.6.4. Strategic initiatives
                   8.7. Magnum Manufacturing, Inc.
                        8.7.1. Company overview
                        8.7.2. Financial performance
                        8.7.3. Product benchmarking
                        8.7.4. Strategic initiatives
                   8.8. Texas Truck Racks
                        8.8.1. Company overview
                        8.8.2. Financial performance
                        8.8.3. Product benchmarking
                        8.8.4. Strategic initiatives
                   8.9. Yakima Products Inc.
                        8.9.1. Company overview
                        8.9.2. Financial performance
                        8.9.3. Product benchmarking
                        8.9.4. Strategic initiatives
                   8.10. ProTech Industries
                        8.10.1. Company overview
                        8.10.2. Financial performance
                        8.10.3. Product benchmarking
                        8.10.4. Strategic initiatives

List of Tables

TABLE 1 Steel truck racks market volume and revenue 2014 - 2025 (000' Units) (USD Million)
TABLE 2 Aluminum truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 3 Truck racks market volume and revenue, by OEM, 2014 - 2025 (000' Units) (USD Million)
TABLE 4 Truck racks market volume and revenue, by aftermarket, 2014 - 2025 (000' Units) (USD Million)
TABLE 5 North America truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 6 North America truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 7 North America truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 8 North America truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 9 North America truck racks market revenue, by application, 2014 - 2025 (USD Million)
TABLE 10 U.S. truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 11 U.S. truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 12 U.S. truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 13 U.S. truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 14 U.S. truck racks market revenue, by application, 2014 - 2025 (USD Million)
TABLE 15 Canada truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 16 Canada truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 17 Canada truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 18 Canada truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 19 Canada truck racks market revenue, by application, 2014 - 2025 (USD Million)
TABLE 20 Mexico truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 21 Mexico truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 22 Mexico truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 23 Mexico truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 24 Mexico truck racks market revenue, by application, 2014 - 2025 (USD Million)
TABLE 25 Europe truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 26 Europe truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 27 Europe truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 28 Europe truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 29 Europe truck racks market revenue, by application, 2014 - 2025 (USD Million)
TABLE 30 U.K. truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 31 U.K. truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 32 U.K. truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 33 U.K. truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 34 U.K. truck racks market revenue, by application, 2014 - 2025 (USD Million)
TABLE 35 Asia Pacific truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 36 Asia Pacific truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 37 Asia Pacific truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 38 Asia Pacific truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 39 Asia Pacific truck racks market revenue, by application, 2014 - 2025 (USD Million)
TABLE 40 Australia truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 41 Australia truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 42 Australia truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 43 Australia truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 44 Australia truck racks market revenue, by application, 2014 - 2025 (USD Million)
TABLE 45 Central & South America truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 46 Central & South America truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 47 Central & South America truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 48 Central & South America truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 49 Central & South America truck racks market revenue, by application, 2014 - 2025 (USD Million)
TABLE 50 Middle East & Africa truck racks market volume and revenue, 2014 - 2025 (000' Units) (USD Million)
TABLE 51 Middle East & Africa truck racks market volume, by product, 2014 - 2025 (000' Units)
TABLE 52 Middle East & Africa truck racks market revenue, by product, 2014 - 2025 (USD Million)
TABLE 53 Middle East & Africa truck racks market volume, by application, 2014 - 2025 (000' Units)
TABLE 54 Middle East & Africa truck racks market revenue, by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market snapshot
FIG. 2 Market trends & outlook
FIG. 3 Truck racks - Market segmentation & scope
FIG. 4 Truck racks - Value chain analysis
FIG. 5 Truck racks - Market dynamics
FIG. 6 Market driver relevance analysis (Current & future impact)
FIG. 7 Global pickup truck sales volume, 2012 - 2016 (Units)
FIG. 8 Global pickup truck sales, by region 2016 (%)
FIG. 9 U.S. recycled aluminum value, 2012-2016, (USD Billion)
FIG. 10 Market restraint relevance analysis (Current & future impact)
FIG. 11 Pickup truck sales in Asia and Europe, 2012 - 2016 (Units)
FIG. 12 Truck racks - PESTEL analysis
FIG. 13 Industry analysis - Porter's
FIG. 14 Truck racks market: Product movement analysis, 2016 & 2025
FIG. 15 Truck racks market: Application movement analysis, 2016 & 2025
FIG. 16 Regional market place: Key takeaways
FIG. 17 Truck racks market: Regional movement analysis, 2016 & 2025