Automotive Bike Carriers Market Size, Share, Growth, and Industry Analysis, By Type (Towbar Carriers, Roof Carriers, Trunk Carriers and Hitch-Mounted Carriers), By Application (SUV, Light Truck and Sedan), By Design (U Carriers, Wave Carriers, Bollard Style Carriers, Grid Style Carriers, Carriers Mounted on Top, Carriers at Rear and Carriers in Front), By Distribution Channel (Online Sales and Offline Sales) and Regional Forecast to 2031

Updated On: 29 April 2024

AUTOMOTIVE BIKE CARRIERS MARKET REPORT OVERVIEW

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The global automotive bike carriers market size was USD 1202.66 million in 2021 and the market is projected to touch USD 1891.2 million by 2031, exhibiting a CAGR of 4.63% during the forecast period.

Automotive bike carriers, serve the purpose of facilitating the transportation of bicycles on various types of vehicles such as cars, trucks, and SUVs. They come in a wide array of designs and styles to cater to the diverse range of vehicles and biking preferences. These carriers function as apparatuses for secure parking or conveying bicycles from one location to another by affixing them to the vehicle. This affords users the convenience of easily transporting their bicycles with the assistance of this accessory. Automotive bike carriers are instrumental in ensuring the secure parking or transit of bicycles by attaching them to a vehicle. This method of transportation substantially diminishes the likelihood of damage or accidents occurring during transit.

The automotive bike market has sparked a corresponding surge in demand for accessories such as bike carriers. To cater to the uptick in premium bike sales, manufacturers have opted to remove stands, effectively optimizing weight distribution. This not only reduces overall bike weight but also ensures a more balanced load on either side. Bike carriers play a crucial role in securely and efficiently transporting bikes. Simultaneously, the rise of ride-sharing and car-pooling services worldwide has boosted sales for vehicle rental businesses. These rental service providers offer value-added services, including bike carriers for cars, to expand their market reach and cater to the preferences of adventure-seeking consumers. With startups now integrating bike rentals into their vehicle offerings, they are poised to make significant contributions to the growth of the bike carrier market.

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COVID-19 Impact: Shift to Private Vehicles Boosts Demand For The Market Worldwide

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Increased preference for private vehicles over public transportation is seen as a positive development for the automotive bike carriers market. The pandemic-induced shift towards health consciousness and the gradual easing of lockdowns are expected to contribute to a slow recovery in demand. Consumers are increasingly favouring bicycles as a cost-effective means of exercise. Heightened health awareness, coupled with stringent social distancing measures impacting gyms and public transportation, has further driven this shift. The preference for personal transportation has surged due to safety concerns surrounding public transit, leading more individuals to opt for private vehicles. Consequently, this change in transportation preferences has spurred a heightened demand for automotive accessories such as bike carriers, providing a convenient solution for individuals looking to transport their bikes in their own vehicles.

LATEST TRENDS

"Adventure Tourism Boosts Market Demand And Creating Profitable Opportunities"

The surge in adventure tourism has sparked a surge in demand for bikes. This development presents profitable opportunities for both bike manufacturers and their accessories. The appeal of adventure bikes within this sector has triggered a significant uptick in the requirement for bike carriers. To address this growing demand, prominent adventure bike manufacturers and bike carriers are scaling up their production capabilities. This trend signifies a positive shift in the market, highlighting the potential for sustained growth and innovation in the bike and bike carriers. As adventure tourism continues to captivate enthusiasts worldwide, the outlook remains promising for businesses in this sector, poised to cater to the evolving needs of adventurous travellers.

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AUTOMOTIVE BIKE CARRIERS MARKET SEGMENTATION

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• "By Type"

Based on type the global market can be categorized into towbar carriers, roof carriers, trunk carriers and hitch-mounted carriers.

Automotive bike carriers offer versatile options for transporting bicycles. First was Towbar Carriers attached to the rear towbar, providing a stable platform. They are easy to install and allow unobstructed trunk access, but require a functioning towbar. Second was Roof Carriers mounted on the roof using crossbars or a base rack, accommodating multiple bikes without hindering trunk access. However, they increase vehicle height and require lifting bikes onto the roof. Trunk Carriers use straps to secure bikes on horizontal arms, offering easy installation and storage, but may limit trunk access. Hitch-mounted Carriers connect to a trailer hitch, providing stability, though they can obstruct the rearview and be heavier and pricier.

• "By Application"

Based on application the global market can be categorized into SUV, light truck and sedan.

SUVs are favoured for their spaciousness and versatility, often equipped with roof rails or towbars for bike carrier compatibility. Roof-mounted carriers are popular, preserving interior space, while hitch-mounted options offer ease of use and stability. Manufacturers prioritize SUV-friendly designs for secure and convenient bike transport. Light trucks, encompassing pickups and smaller models serve various purposes. Truck bed bike carriers cater specifically to this segment, securely transporting bikes. Engineered to endure diverse road conditions, these carriers firmly hold bikes in place. Sedans, known for compact, aerodynamic designs, lean towards trunk-mounted carriers for convenience. Designed to fit most sedan models, they ensure easy installation and removal. Roof-mounted carriers can also suit sedans with added equipment such as crossbars, offering an adaptable solution.

"By Design "

Based on design the global market can be categorized into U Carriers, wave carriers, bollard style carriers, grid style carriers, carriers mounted on top, carriers at rear, carriers in front.

The U Carriers offer secure bike placement with minimal wobbling during transport. Its straightforward design provides stability for uncomplicated bike transportation. The Wave Carriers accommodates multiple bikes side by side, optimizing space and offering secure individual slots. Ideal for public spaces or areas with efficient multiple bike storage needs. The Bollard Style Carriers feature a robust post with extending arms, providing secure individual bike storage. Widely used in urban settings, it offers a dependable spot for cyclists to lock their bikes. The Grid Style Carriers maximize space efficiency with designated slots for each bike, common in bike storage facilities. Roof-Mounted Carriers provide versatile, multi-bike transport with a slight aerodynamic impact. Rear-Mounted Carriers offer a stable, secure platform for bike transportation. Front-Mounted Carriers provide a convenient, easily accessible solution for bike transport. Suitable for those seeking a straightforward option.

"By Distribution Channel"

Based on distribution channel the market can be categorized into online sales and offline sales.

Online sales have emerged as a pivotal channel in the automotive bike carriers market, offering consumers a convenient platform to explore, compare, and purchase a wide array of carriers. E-commerce platforms provide detailed product information, customer reviews, and user-friendly filtering options, empowering buyers to make well-informed decisions. Additionally, the convenience of home delivery and diverse payment methods enhance the online shopping experience. This reach enables manufacturers to tap into a broader market. Meanwhile, offline sales through brick-and-mortar stores, specialty bike shops, and automotive accessory retailers offer a tactile shopping experience, allowing customers to physically assess carriers, receive expert advice, and ensure compatibility. Immediate availability and in-person trust further bolster offline sales. Moreover, this channel fosters local relationships, enabling manufacturers to showcase products and engage in promotions, particularly in regions where outdoor activities such as biking are prevalent. Ultimately, a strategic blend of online and offline sales channels is instrumental in effectively catering to the diverse customer base in the automotive bike carriers market.

DRIVING FACTORS

"Rising Electric Bike Usage Expected To Boost The Market"

The surge in electric bike adoption is anticipated to drive automotive bike carriers market growth. Escalating fuel costs and growing environmental concerns have led to a heightened interest in electric bikes worldwide. Governments are actively encouraging the transition to electric vehicles as a solution to combat greenhouse gas emissions and curb global warming. Electric bikes are positioned as a viable alternative for short-distance travel. These rapid shifts are indirectly impacting the demand for bike carriers, presenting new avenues for market expansion.

"Affordability and Customization Drive Inclusivity And Innovation In The Market "

Manufacturers are increasingly prioritizing affordability in the production of automotive bike carriers, ensuring a broader consumer base can access these products. They offer basic models with essential features at competitive prices, appealing to budget-conscious buyers. With a variety of brands and models available, consumers have the flexibility to compare and select carriers that fit within their budgetary constraints. This not only enhances the accessibility of bike transportation but also encourages more individuals to invest in bike carriers for their vehicles. Simultaneously, there is a growing demand for customizable bike carriers in the market. Manufacturers are introducing modular designs, adjustable features, and compatibility with different vehicle types, allowing consumers to tailor carriers to their specific needs. This trend addresses the preferences of consumers seeking personalized solutions that seamlessly integrate with their lifestyle and transportation requirements.

RESTRAINING FACTOR

"Complex Installation Impedes Potential Market"

Complex installations of automotive bike carriers pertain to the intricate process of affixing these carriers to vehicles. This complexity arises from various factors, including the type of carrier, compatibility with the specific vehicle, and the inclusion of additional features. Such installations may necessitate specialized tools, technical expertise, and adherence to manufacturer guidelines. Factors such as roof-mounted carriers requiring attachment to roof rails or trunk-mounted carriers necessitating secure strap fastening contribute to the intricacy. Additionally, hitch-mounted carriers may involve aligning and securing the carrier to the hitch receiver. It is imperative to approach these installations methodically and, if necessary, seek professional assistance. Ensuring a precise and secure installation is crucial for the safe transportation of bicycles and to prevent any potential risks or accidents while on the road.

AUTOMOTIVE BIKE CARRIERS MARKET REGIONAL INSIGHTS

"North America to lead the Market Fueled By Outdoor Activities "

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North America is anticipated to take the lead in the automotive bike carriers market share. This projected dominance is attributed to the rising trend of recreational activities, along with an upswing in consumer spending on pursuits particularly cycling, surfing, and bike riding. The region is poised to contribute significantly to the overall revenue generated from the sales of bike carriers. The prevalence of these outdoor activities, combined with a growing awareness of the importance of exercise and leisure, is driving the demand for bike carriers in North America. This trend is expected to continue its upward trajectory, solidifying the region's position as a key player in the automotive bike carriers market.

KEY INDUSTRY PLAYERS

"Key Industry Players' focus on durability and security bolsters the market "

These prominent key players in the bike carrier market, are known for producing a wide range of bike carriers tailored for different transportation needs. Their offerings include hitch-mounted carriers, trunk-mounted carriers, roof-mounted carriers, and specialty carriers designed to fit specific vehicle types. These carriers are designed with features such as easy installation, secure attachment mechanisms, and durable materials to ensure the safe and convenient transport of bicycles. Additionally, these companies often focus on innovation, incorporating design elements that enhance user experience and accommodate various bike sizes and styles. With a strong presence in the market, these manufacturers contribute to meeting the demand for reliable and efficient bike carriers, catering to both recreational cyclists and avid biking enthusiasts.

List of Market Players Profiled

• Hollywood Racks (U.S.)
• Allen Sports (U.S.)
• Saris (U.S.)
• Curt (U.S.)
• Yakima Products (U.S.)
• Kuat (U.S.)
• Alpaca Carriers (U.S.)
• RockyMounts (U.S)
• 1UP USA (U.S.)
• Swagman (Canada)
• Atera GmbH (Germany)
• Uebler (Germany)
• Mont Blanc Group (Sweden)
• Thule Group (Sweden)
• Cruzber (Spain)
• VDL Hapro (Netherlands)
• Rhino-Rack (Australia)

INDUSTRIAL DEVELOPMENT

June 2023: For hassle-free and secure transportation of two bicycles by car, the Kuat Sherpa 2.0 is top recommended, provided the vehicle with a hitch receiver. After extensive research and testing of over 75 bike carriers, Kuat Sherpa 2.0 excels in durability, user-friendliness, lightweight design, and affordability.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.