Top Car Rack Companies

Global Car Rack Market size was valued at USD 1.43 Billion in 2024 and is poised to grow from USD 1.51 Billion in 2025 to USD 2.32 Billion by 2033, growing at a CAGR of 5.5% during the forecast period (2026–2033). 

Thule Group and Volkswagen Group entered a strategic partnership to broaden and co-logo some automobile racks designed for Volkswagen vehicles. This collaboration leverages Thule's know-how in designing and production extremely good car racks with Volkswagen's big understanding of car design and engineering. The report has also analyzed the competitive landscape of the market with some of the key players being ACPS Automotive GmbH, Atera GmbH, Bosal Nederland B.V., Cruzber SA, KAMEI GmbH & Co. KG, Magna International Inc., Mont Blanc Group AB (Brenderup Group AB), Thule Group AB, VDL Hapro B.V. and Yakima Products Inc. (Kemflo International Co. Ltd.) 'Rhino-Rack USA LLC (USA) ', 'Carmate Mfg. Co. Ltd. (Japan) ', 'Cruzber SA (Spain) ', 'KAMEI GmbH & Co. KG (Germany) ', 'Bosal Nederland BV (Netherlands) ', 'Magna International Inc. (Canada) ', 'ACPS Automotive GmbH (Germany) ', 'Allen Sports USA (USA) ', 'Atera GmbH (Germany) ', 'Malone Auto Racks (USA) ', 'Kuat Innovations (USA) ', 'Saris Cycling Group (USA) ', 'ARB Corporation Limited (Australia) ', 'Front Runner Vehicle Outfitters (South Africa) ', 'INNO Advanced Car Racks (Car Mate) (Japan) ', 'Whispbar (Yakima) (USA) ', 'Prorack (Yakima) (USA) ', 'Rola (Cequent) (Australia)'

Advances in materials science have led to the development of lightweight yet durable materials for vehicle parking. Lightweight materials provide better fuel economy and easier installation, while maintaining durability. Parking is equipped with intelligent features such as integrated locking mechanisms, customizable suspension systems, compatibility with digital analytics and security technologies the user is easier and safer.

Rise in the Shift Towards Electric and Hybrid Vehicles Is Driving Demand for Parking: A major trend shaping the global market is the increasing adoption of hybrid electric vehicles, which drives demand for compatible parking solutions as customers embrace eco-friendly modes of transportation of design adopted to reduce carbon emissions and environmental impact, and specially designed parking lots. There is growing importance manufacturers are developing new rack designs considering factors such as weight distribution, aerodynamics, and compatible with electric vehicle charging ports along with electric bikes and other forms of transportation the increasing demand for car racks that can safely transport this specialized vehicle.

Growing demand for parking and cargo for small and compact SUVs is expected to drive the global car rack market. Moreover, the increasing demand for leisure travel and leisure activities will further drive the parking market. Furthermore, increasing investment in research and development (R&D) will also propel the parking market. North America is expected to dominate the market. This is due to the young population in the region and the high demand for tourism-based transportation.