Truck Rack Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The truck rack market size has grown strongly in recent years. It will grow from $1.33 billion in 2024 to $1.44 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to industrialization and transportation needs, early cargo management solutions, pioneering customization efforts, limited technological integration, commercial and industrial usage.

The truck rack market size is expected to see strong growth in the next few years. It will grow to $1.9 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to innovation in design and materials, customization and versatility, evolving commercial requirements, rise in e-commerce and delivery services, enhanced security features. Major trends in the forecast period include customization and versatility, integration of advanced materials, rise in commercial use, technological innovations, urbanization and lifestyle changes.

The increasing number of commercial vehicles is anticipated to drive the growth of the truck rack market in the future. A commercial vehicle is defined as a type of motor vehicle utilized for business, trade, or transportation-related functions. Truck racks enhance the usable space within commercial vehicles, providing extra storage for tools and equipment, while also incorporating safety features. For example, in January 2024, Daimler Truck Holding AG, a Germany-based manufacturer of commercial vehicles, reported selling a total of 526,053 trucks and buses in 2023, representing a slight increase from 520,291 in 2022. The Trucks North America segment sold 195,014 units, whereas Trucks Asia saw a 3% increase, with 161,171 units sold. Additionally, Daimler Buses performed well, with 26,168 units sold, marking a 9% increase. Consequently, the rising number of commercial vehicles is expected to stimulate the growth of the truck rack market.

The truck rack market is also poised for growth due to the rising demand for light trucks. Light trucks, with a gross vehicle weight of up to 8,500 pounds and a payload capacity of 4,000 pounds, constitute the primary vehicles utilizing truck racks. In April 2023, the Alliance for Automotive Innovation reported that sales of light trucks represented 79% of all sales in March 2023. Moreover, the production of light vehicles in the United States increased by 6% from February to March 2023, totaling 873,247 vehicles, including 147,870 automobiles and 701,972 light trucks. This surge in demand for light trucks is a key driver for the growth of the truck rack market.

Major players in the truck rack market are prioritizing the development of innovative technology-based products to enhance profitability. One such innovation is the flexible rack system, characterized by a rack that slides within a C-shaped channel mounted on the top of load box sidewalls and can be locked in various positions. In July 2023, Ford Motor Company introduced a unique flexible rack system for the next-generation Ford Ranger, comprising a sliding load rack and folding roof rack. This system allows for the secure support of items of different lengths, simplifying the transport of longer items. This innovative approach by Ford, exemplified in the next-generation Ranger, is expected to contribute to the company's growth.

In March 2024, Morgan Truck Body, a US-based producer of commercial truck bodies, acquired Transit Truck Bodies for an undisclosed sum. This acquisition improves Morgan's manufacturing capabilities in truck bodies and reinforces its dedication to offering innovative solutions to customers in the North American market. Transit Truck Bodies is a Canada-based firm focused on the production of truck bodies.

Major companies operating in the truck rack market report are Ford Motor Company, Holman Inc., The Shyft Group Inc., Thule Group AB, Werner Co., Clarus Corp., Adrian Steel Company, Yakima Inc., Lund International Holdings, Buyers Products Company, Penda Corporation, Westin Automotive Products Inc., Lynn Ladder & Scaffolding Co. Inc., DECKED, Topper Manufacturing Company Inc., Truxedo Inc., Highway Products Inc., Fabtech Industries Inc., Rack-It Inc., Surco Products Inc., Cruzber S.a.u., Malone Auto Racks, Spring Creek Manufacturing, Texas Truck Racks, Backrack Inc., Car Mate Mfg Co. Ltd.

North America was the largest region in the truck rack market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the truck rack market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the truck rack market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The truck rack market consists of sales of ladder racks, utility racks, overhead racks, headache racks, and contractor racks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A truck rack is a structure or system designed to be mounted on a truck's bed or roof, providing additional storage space and support for various types of cargo and equipment. It is a valuable tool for personal and business use, offering adaptable attachments that can significantly increase a pickup truck's carrying capacity to meet various demands.

The main types of truck racks include roof-mounted, side-mounted, platform-mounted, and others. A roof-mounted truck rack is installed on the roof of a truck and is typically made of materials such as steel and aluminum. These racks are used for various applications, serving both original equipment manufacturers (OEM) and aftermarket needs.

The truck rack market research report is one of a series of new reports that provides truck rack market statistics, including truck rack industry global market size, regional shares, competitors with a truck rack market share, detailed truck rack market segments, market trends and opportunities, and any further data you may need to thrive in the truck rack industry. This truck rack market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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