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Vehicle Downsizing Helps Sustain North American Cargo Management Aftermarket, Finds Frost & Sullivan

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7 Pages
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Vehicle Downsizing Helps Sustain NorthVehicle Downsizing Helps Sustain North American Cargo Management Aftermarket, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Oct. 9, 2013 -- Smaller vehicles create demand for storage and towing accessories Consumer desire to save on gas costs as well as original equipment manufacturer (OEM) need to comply with strict fuel economy standards is leading to the downsizing of vehicles. As a consequence, this has heightened the demand for cargo management accessories to enhance the carrying capacity of smaller automobiles. The North American cargo aftermarket will continue to grow as established suppliers develop premium product lines and commerce moves to online channels. New analysis from Frost & Sullivan (http://www.automotive.frost.com), North American Cargo Management Aftermarket, finds that the market earned revenue of $581.2 million in 2012 and estimates this to reach $771.0 million in 2019. The study covers hitch-mounted and roof-mounted units such as receiver hitches, bicycle carriers, snow sport carriers, cargo boxes, cargo trays and water sport carriers, along with light truck toolboxes, trunk-mounted bicycle carriers, bed-mounted bicycle carriers, and soft- sided carriers. If you are interested in more information on this research, please send an e-mail to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.

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Published 09 October 2013
Reads 6
Language English

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Vehicle Downsizing Helps Sustain North American Cargo Management Aftermarket, Finds Frost & Sullivan

PR Newswire

-- Smaller vehicles create demand for storage and towing accessories

Consumer desire to save on gas costs as well as original equipment manufacturer (OEM) need to comply with strict fuel economy standards is leading to the downsizing of vehicles. As a consequence, this has heightened the demand for cargo management accessories to enhance the carrying capacity of smaller automobiles. The North American cargo aftermarket will continue to grow as established suppliers develop premium product lines and commerce moves to online channels.