The vehicle cargo box market has witnessed significant growth over recent years due to rising demand for luggage carriers that provide ease in transportation of goods. Vehicle cargo boxes are storage units mounted on vehicle roofs or vehicle chassis that increases the cargo area of vehicles. They come in various sizes and designs to accommodate luggage of different shapes and volumes.

Vehicle Cargo Box Market Size And Trends Their main advantages include secure containment of goods, protection from weather elements, and easy loading and unloading. They find widespread applications in carrying surfboards, kayaks, skis, luggage, gardening equipment and other bulky items while traveling.

The global vehicle cargo box market is estimated to be valued at US$ 2.58 billion 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 outdoor recreational activities is driving the need for convenient transportation of equipment. Vehicle Cargo Box Market Trends provide ample storage space for kayaks, surfboards, bicycles, skis and other bulky sporting goods during travel. Increasing consumer preference for road trips and camping is augmenting the sales of vehicle cargo boxes globally.

Major players are expanding their manufacturing and distribution footprint across Asia Pacific and Latin American countries to tap the high growth potential in these emerging markets. Favorable foreign direct investments and economic growth in developing nations is attracting several international brands to set up local production plants.

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