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The global truck racks market revenue is expected to expand at a lucrative CAGR over the forecast period. Rising sales of pickup vans in North America and the Asia Pacific owing to rapid industrialization is expected to drive revenue growth of the market over the forecast period.

The global truck racks market report has been segmented on the basis of product, sales channel, and region.

On the basis of product, the global truck racks market has been segmented into steel racks and aluminum. The aluminum segment is expected to witness steady growth over the forecast period. Lightweight and resistance to rusting properties of aluminum are expected to support revenue growth of the segment. Moreover, recycling properties and rising installation of aluminum racks for medium and high-end pickup vans are expected to be factors projected to drive revenue growth of the segment over the forecast period.

On the basis of sales channel, the global truck racks market has been segmented into original equipment manufacturers and aftermarket. The original equipment manufacturers segment is expected to witness steady growth rate over the forecast period.

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On the basis of region, the global truck racks market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The revenue growth of truck racks market in the Asia Pacific is expected to grow at a rapid pace over the forecast period. Growing transportation industry in the region is expected to propel revenue growth of pickup trucks market, which in turn is projected to support revenue growth of the truck racks market in the region.

Key players operating in the global truck racks market include Kargo Master, Inc., Hauler Racks, Inc., Cross Tread Industries Inc., The Thule Group, U.S. Rack Inc., Magnum Manufacturing, Inc., Vanguard Manufacturing, Inc., Yakima Products Inc., Texas Truck Racks, and ProTech Industries.

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