Global Automotive Rear Mounted Tray Market Expected to Reach $1.9 Billion by 2030, MarkWide Research Reports
According to a new report published by MarkWide Research, titled, “Global Automotive Rear Mounted Tray Market,” the worldwide market for automotive rear-mounted trays is set for substantial growth, with a projected market size of $1.9 billion by 2030, showcasing a robust CAGR of 5.9% during the forecast period from 2023 to 2030.
Automotive rear-mounted trays are indispensable accessories in vehicles, offering additional storage space and convenience for travelers. The increasing demand for versatile vehicle storage solutions is fueling the growth of this market.
Key findings from the report:
- Travel and Adventure Trends: The rising popularity of road trips and outdoor adventures is boosting the demand for automotive rear-mounted trays, providing a convenient storage solution for luggage and equipment.
- Expanding SUV Segment: With the SUV market witnessing significant growth, automotive rear-mounted trays are increasingly integrated into these vehicles to cater to the needs of adventure-seeking consumers.
- Innovative Design and Materials: Manufacturers are focusing on designing lightweight and durable rear-mounted trays, often incorporating advanced materials to enhance functionality and aesthetics.
- Global Adoption: Automotive rear-mounted trays are gaining traction globally, with North America and Europe being prominent markets due to a high number of road travelers.
- Aftermarket Sales: The aftermarket segment is a key driver of growth as consumers retrofit their vehicles with rear-mounted trays for added convenience.
- Market Competitors: Major players in the automotive rear-mounted tray market include Thule Group, Yakima Products Inc., and ROLA, who are investing in research and development to introduce innovative solutions.
The report predicts significant growth in the global automotive rear-mounted tray market as travelers seek practical and accessible storage solutions. MarkWide Research’s comprehensive analysis provides insights into the market’s current landscape and future trends, empowering industry stakeholders to make informed decisions and leverage opportunities in the automotive rear-mounted tray market.