Monday, May 16th, 2016 adds Global Bike Car Rack Market 2016-2020 a new research reports in its store. The analysts forecast Global Bike Car Rack Market to grow at a CAGR of 5% during the period 2016-2020.

Complete bike car rack market report is available at

According to the bike car rack market report, a key growth driver is the surge in recreational activities. Increased urbanization, hectic lifestyles, over-crowded cities, and rising environmental pollution has boosted the consumer need for getaways that include outdoor adventure activities. As people realize the health benefits of outdoor activities, they will participate more in cycling and other recreational activities. Outdoor recreational activities are rapidly gaining popularity in Europe and North America. Changes in lifestyle, attitudes, and demographic are resulting in increased spending on recreational activities. This, in turn, has increased the expenditure on related equipment like bike car racks.

A trend to watch for is the emerging use of racks among rental car service providers. The trend of on-demand economy has introduced the concept of ridesharing, and this shift in transportation has benefitted many car rental companies. Car rental companies across the globe provide value have added services to their customers to gain market share. Due to the increasing demand for recreational activities, car rental service providers are installing bike racks on their cars."

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The report, Global Bike Car Rack Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

A bike car rack consists of a set of bars mounted on the roof, hitch or trunk of a car that secures bikes for transportation. While some vehicles include factory-installed car racks, others need to be fitted with aftermarket parts. Since most bike car racks are temporarily fitted, aftermarket parts are used. Vendors are focusing on modern product designs with more features.

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The report covers the present scenario and the growth prospects of the Global Bike Car Rack Market for 2016-2020.

The market is divided into the following segments based on geography:



North America


Further, the report states that one challenge which can impact market growth is the complexity of installing and taking down a bike rack.

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