Bike Racks Market Size, Share, Growth, and Industry Analysis, By Type (Rear & Hitch Bike Racks, Roof Mounted Bike Racks, Others), By Application (SUV, Truck, Sedan), and Regional Forecast to 2033

  
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BIKE RACKS MARKET REPORT OVERVIEW

The global Bike Racks Market size stood at USD 28.08 billion in 2024 and is projected to reach USD 29.04 billion in 2025, growing further to USD 38.07 billion by 2033 at an estimated CAGR of 3.44% from 2025 to 2033.
 

Because more people travel with their bikes for fitness, fun or getting around town, the bike racks market is on the rise. A bike rack makes it easier for you to put your bike on your vehicle and take it with you everywhere. Many travelers, bike-lovers and people with families choose these racks. Since many people care about their health and prefer outdoor pastimes, bike rack sales are rising. Racks are made for SUVs, trucks and sedans in several styles available on the market. A few racks only need seconds to install or remove, but those meant for heavy-duty or high-security use are installed permanently. The growing interest in electric bikes has also pushed companies to create stronger and more advanced racks that can hold heavier models. Big cities and scenic destinations are also encouraging biking, which helps drive the market forward. Overall, as more people combine travel with cycling, the need for simple and safe bike transportation is becoming more important, supporting steady market growth.

GLOBAL CRISES IMPACTING BIKE RACKS  MARKET

Bike Racks Industry Had a Mixed Effect Due to Shifting Transportation Habits during COVID-19 Pandemic

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.

People changed their ways of traveling and exercising during the COVID-19 pandemic, with mixed results for the bike racks business. Since people started turning to cycling due to public transport losing appeal, they needed more space to keep their bikes at home. However, since so many offices and shopping centers had to close, demand for bike racks in commercial areas fell. However, as people at home used racks more, businesses didn’t buy as many. In the long run, the growing interest in healthy, eco-friendly travel and the rise of electric bikes could help the market grow, but the future still depends on how people's habits continue to change after the pandemic.

LATEST TRENDS

More electric bikes mean stronger racks are now in high demand

The industry is growing rapidly because of the increasing number of electric bikes. Since they are heavier than basic bikes, you need a strong and secure rack to transport one. More and more riders are choosing electric bikes every day, so companies are making carriers that can carry the heavier and larger bikes. Available now are racks that are simple to load, feature stronger locks and are designed for a longer life. This trend is pushing many people to upgrade from their old racks, which is helping the overall demand for new and advanced racks grow steadily.

  
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BIKE RACKS MARKET SEGMENTATION

By Type:

• Rear & Hitch Bike Racks: These attach to the back of a vehicle and are easy to install and use. People like them because they don’t require lifting the bike very high.
• Roof Mounted Bike Racks: These go on top of the car and keep the back area free. They’re great for long trips but need some effort to lift bikes onto the roof.
• Others: This includes trunk-mounted or spare tire racks. They're usually cheaper and easy to take off when not needed, ideal for casual users.

By Application 

• SUV: These vehicles have more space and strong frames, so they can easily support heavy or multiple racks, making them a top choice for families and adventure lovers.
• Truck: Bike racks for trucks often fit into the truck bed or hitch and can carry several bikes, perfect for road trips and outdoor group activities.
• Sedan: Smaller vehicles need more compact and lightweight racks that don’t block the trunk or back window, making safety and size the top concerns for sedan owners.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

Outdoor lifestyle trend drives demand for bicycle transport solutions

Because so many people are choosing outdoor activities, many prefer to use bikes for health, fun or daily trips. Health and environment-friendly consumers are mainly driving this shift. As a result, people now need secure and trustworthy solutions for getting bikes from one destination to another during trips. If you want to transport your bike on your car or truck to explore outdoors, you’ll need a bike rack. Racks are used by city people to easily transport their bikes. Bikepacking and cycling tour trips have also fueled this increase in sales. Families and adventure seekers now consider vehicle-mounted racks a must-have accessory. As a result, businesses are innovating user-friendly, foldable, and multi-bike rack solutions to align with these lifestyle trends. In essence, the global shift toward active living is fueling consistent demand for racks that complement modern, mobile cycling habits.

Increased bike ownership pushes need for vehicle-mounted carriers

With fuel prices increasing, more traffic in cities and people worried about the environment, bicycles are becoming a popular way for consumers to travel. Because more people are choosing to bike today, there is a greater demand for tools that make it easier for people, especially urban professionals and students, to carry their bikes when they need to travel. Taking a bike on a trip is made simple by using bike racks which attach the bicycle to your car, SUV or truck. With the rise of cycling, more people who own vehicles are choosing to buy incompatible racks for both mountain bikes and e-bikes. Whether for commuting or recreation, users increasingly seek flexible travel options, and racks offer this convenience. Manufacturers are responding by offering racks with added safety, quick installation, and adaptability to varied vehicle designs. Thus, rising bike ownership acts as a direct catalyst in driving the demand for functional, easy-to-use bike transportation accessories.

RESTRAINING FACTOR

 Limited car fit causes fewer people to buy racks

Many bike racks don’t fit all types of cars, especially newer or smaller models. This makes it hard for people to find the right rack for their vehicle. If a bike rack doesn’t fit well, it can be unsafe or damage the car. Some racks need special tools or extra parts to install, which can be frustrating. Because of these issues, people often avoid buying them. This problem slows down the overall demand. Until manufacturers make racks that work for more types of cars without too much hassle, many customers may choose not to buy at all.

Rising income and cycling habits create more buying chances

Opportunity

In many developing countries, people are earning more and taking greater interest in cycling, whether for health, fun, or daily travel. With better roads and growing urban traffic, bikes are becoming a smarter choice for short distances. But to carry them on cars, people need bike racks. This opens a big chance for companies to sell in places like India, Brazil, and Southeast Asia. These areas haven’t been fully explored yet. If brands offer affordable, easy-to-use bike racks, they can attract millions of new customers who are just starting to enjoy cycling as part of their daily lives.

High prices discourage many from choosing advanced bike racks

Challenge

Some great bike racks have items like locks, extra support for when you need to carry heavy bikes or smart folds for easy storage. Still, the extra tools mean the phone will be more expensive. For someone who cycles only sometimes, spending so much on a rack may not seem worth it. Budget-conscious families and first-time buyers often look for cheaper options, even if those are less reliable. This makes it hard for companies to sell high-end racks in large numbers. Unless prices come down or people see more value in paying extra, these premium racks might remain out of reach for many.

  
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MARKET REGIONAL INSIGHTS

●       NORTH AMERICA

North America holds a leading position in the global bike racks market, driven by a strong culture of recreational cycling and high vehicle ownership. The region benefits from well-established cycling infrastructure, especially in suburban and rural areas where car travel is common. The United States bike racks market contributes significantly to regional growth, supported by rising outdoor fitness trends and increased participation in cycling sports. SUV and pickup truck owners in the U.S. favor rear and hitch-mounted racks for their ease of use and compatibility. Innovations in lightweight and foldable designs are also gaining traction. Canada and Mexico show steady growth, though the U.S. remains the dominant force in the region.

●       EUROPE

The European bike rack market is developed due to the region’s interest in sustainable transport and city-based cycling areas. For a long time, Germany, the Netherlands and France have promoted cycling by setting aside bike lanes and educating the public. More people cycling across picturesque areas in Europe is helping to increase the use of roof-mounted and hitch racks. Because many European shoppers prefer high quality and attractive designs, there is a high demand for smart premium products there. Additionally, rising urban congestion is prompting many city dwellers to use bikes more frequently, increasing the need for convenient transport solutions like vehicle-mounted racks.

 ●       ASIA

The markets in Asia are developing rapidly for bike racks, thanks to more people living in cities, a higher income for the middle class and more attention to the environment. China and India are seeing more people use bicycles for both going to work and exercising which has resulted in an uptick in bike rack use. Since infrastructure is still being improved in various areas and there’s not enough parking space, more people are considering compact, foldable racks. More and more people in Southeast Asia are getting into bike tourism and cycling for fun. As e-commerce expands, consumers have better access to international brands. With rising government support for clean mobility, the region offers long-term potential for market expansion.

KEY INDUSTRY PLAYERS

Innovation Drives Their Strong Market Positions

Leading companies stay ahead by constantly improving their products to meet customer needs. They focus on making bike racks easier to install, lighter to carry, and compatible with more vehicle types. Many are adding features like better locks or designs that fit electric bikes. Some firms form partnerships with car makers to offer racks as factory-installed options. Others expand their reach by entering new regions or improving online sales. This mix of product upgrades, partnerships, and wider availability helps these companies keep their customers happy and maintain steady growth in a competitive market.

LIST OF TOP BIKE RACKS  COMPANIES

• Thule Group (Sweden)
• Yakima Products (U.S.)
• Hollywood Racks (U.S.)
• Allen Sports (U.S.)
• Kuat (U.S.)
• Curt (U.S.)
• SARIS CYCLING GROUP (U.S.)
• Rhino-Rack (Australia)
• Swagman (U.S.)
• Atera GmbH (Germany)

INDUSTRIAL DEVELOPMENT

June 2023, Thule has unveiled a folding and lightweight bike rack for small cars and people who live in urban areas. Because it’s small, it takes up less space and makes it easier for people with limited room for storage or for those who do not use their racks often This innovation helped Thule attract more customers who want practical, space-saving solutions. The launch also set a new standard in user-friendly design, encouraging other companies to create similar products that focus on ease of use and portability.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Bike Racks market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.