Vehicle Cargo Box Market is Estimated to Witness High Growth Owing...

Vehicle Cargo Box Market is Estimated to Witness High Growth Owing to Growing Demand for Better Protection of Vehicle Accessories

Posted 2024-06-06 13:58:23

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Vehicle cargo boxes, also known as vehicle roof boxes, are storage containers designed to be mounted on the roof of a car or other vehicle. They provide additional storage space that is waterproof, lightweight and lockable. Vehicle cargo boxes are commonly used to securely store camping gear, sports equipment, luggage and other cargo items. The growing popularity of outdoor recreational activities like camping, hiking, cycling and water sports has fueled the demand for vehicle cargo boxes. They provide convenient and secure transport of bulky cargo items that cannot fit inside the vehicle.

The Global Vehicle Cargo Box Market is estimated to be valued at US$ 2.58 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Vehicle Cargo Box market are Yakima, Thule Group, Magna International Inc, AJANTA ENTERPRISE, Atera GmbH, SportRack, KüatRacks, WWSBIU , Boatbox, Malone Auto Racks, Rhino-Rack USA, Twistboxes, ‎Auto Dynasty, FARAD INDIA PRIVATE LIMITED, MENABO GROUP. The major players are focusing on new product launches and partnerships to consolidate their market position.

The growing consumer preference for outdoor recreational activities represents a huge opportunity for players in the Vehicle Cargo Box Market Demand The development of lightweight and aerodynamic vehicle cargo boxes catering to electric vehicles will further drive the demand.

Technological advancements like electric opening mechanisms, remote lock/unlock features and smartphone connectivity in vehicle cargo boxes are gaining popularity. This is improving convenience and security for users.

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