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Truck Racks Market Growing Rapidly with Latest Trend and Future scope with Top Key Players

IndustryARC

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Truck Racks Industry Outlook Drivers Accessibility to a Wide Variety of Truck Racks is Fuelling the Truck Racks Market

HYDERABAD, TELANGANA, INDIA, February 7, 2023 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts that Truck Racks Market size is forecast to reach $1.05 billion by 2025, after growing at a CAGR of 4.6% during the forecast period 2020-2025. The increase in demand for a package of “lighter weight and elongated lifetime product”, which replicates as a versatile accessory to transport different industrial and sports-related equipment constantly on the go. This factor is projected to propel the adoption of truck racks especially, aluminum-based truck racks, worldwide. Modern racks coupled with innovative designs act as an optimal solution that help to carry out all the stuff and bicycle for a holiday destination, contributes to the expansion of global truck racks market size. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

Click here to browse the complete report summary:
https://www.industryarc.com/Research/Truck-Racks-Market-Research-503871

Key takeaways:

1. North America holds a major share in the truck racks market owing to the increasing demand for heavy-duty truck racks for pick-up trucks, thereby increased sales of pickup trucks.

2. The growing popularity of aluminum truck racks because of its lightweight and improved efficiency in recreational and residential applications and also its superior resistance to rusting is likely to aid in the market growth of truck racks.

3. Increasing the adoption of lighter and longevity raw materials will increase the market demand for the truck racks market in the near future.

Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=503871

Segmental Analysis:

1. Presently, steel raw material held the largest share in the truck racks market size in 2018. This is because of its high-stress resistance during prolonged lifetimes. Growing usage of steel racks specifically in high load carrying capacity applications is burgeoning the growth of truck racks market.

2. Aftermarket application has been elevating as the primary market for truck racks, as most of the vehicles are not fitted with trucks at factories. Primarily, these truck racks are purchased from local vendors according to their requirements. Since this segment deals with the participants who operate via dedicated distribution channels.

3. North America truck racks market share dominated the global truck racks market, accounts for more than 41%, followed by APAC and Europe. It is majorly due to the presence of a huge consumer base and their spending abilities.

Competitive Landscape:

The top 5 players in the Truck Racks industry are -

1. U.S. Rack Inc.

2. Magnum Manufacturing, Inc.

3. Kargo Master Inc.

4. Texas Truck Racks

5. Hauler Racks Inc.

Click on the following link to buy the Truck Racks Market Report:
https://www.industryarc.com/reports/request-quote?id=503871

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Related Reports:

A. Connected Truck Market
https://www.industryarc.com/Research/Connected-Truck-Market-Research-501118

B. High-Performance Trucks Market
https://www.industryarc.com/Research/High-performance-Trucks-Market-Research-501132

Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: venkat@industryarc.com, sales@industryarc.com
USA: (+1) 970-236-3677, (+1) 815-656-4596
IND: (+91) 40-485-49062

Venkat Reddy
IndustryARC
+1 614-588-8538
venkat@industryarc.com
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