Automotive Towbar Market Size, Growth, Trend & Forecast 2027

Summary

Report Description

Global automotive towbar market is anticipated to register growth at an impressive CAGR in the forecast period, 2023-2027. A towbar refers to an external device that is attached to the chassis of an automobile so that it can be towed by another vehicle. This device is specifically designed to optimize and distribute the load of the towed vehicle. The market growth can be attributed to the rising adoption of recreational vehicle activities such as adventure tourism and off-roading, creating a demand for automotive tow bars. Automotive towbars are available in several types and can be easily installed in the aftermarket vehicles. The rapid growth in the automotive sector has resulted in the increased number of vehicles produced and sold in both developed and developing nations, which in turn, is proliferating the demand for towbars.

Increasing Government Mandates for the Adoption of Towbars Fuels the Market Growth

The rising disposable income of the consumers has pushed the sales of vehicles and vehicle accessories, which is propelling the sales of tow bars. Along with this, the increasing preference for off-road and touring activities and the rise in roadside assistance services across the globe are further supporting the market growth. Moreover, governments of several nations have formulated stringent rules for vehicles to adopt tow bars. For instance, the regulation (EU) No 1005/2010 in Europe has mandated all motor vehicles to have a towing device such as tow bars to ensure the strict levels of safety that are vital when towing on a busy road. Adoption of such regulations in developing and developed countries is anticipated to augment the global market for tow bars.

Towbars Reduces Manual Efforts and Ensures Safety

Towbars are highly useful as they replace the need for manual labor, minimize the fatigue of the driver, and ensure safety that is difficult or impossible to achieve with ropes. As the mode of transport has evolved over time, the need for towbars has increased steadily. The material used to manufacture towbars is usually made of steel or aluminum and has a horizontal or V-shaped attachment system to attach the trailers to the vehicle. This allows people to haul large items such as SUVs and XUVs. The towbars have made the off-loading process quite easy and fast because these towbars can be folded when not in use. For instance, several premium car manufacturers such as BMW and Audi are offering retractable automotive towbars as a part of their cars which can be folded when not in use. As a result, the demand for automotive towbars is anticipated to remain strong and increase over the coming years.

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Market Segmentation

The global automotive towbar market is segmented by vehicle type, type, sales channel, competitive landscape, and regional distribution. Based on vehicle type the market is divided into two-wheeler, passenger car, light commercial vehicle (LCV), medium & heavy commercial vehicle (M&HCV). By type, the market is segmented between fixed system, detachable system, and electric system. Based on the sales channels, the market is fragmented into OEM, OES and IAM. The market analysis also studies the regional segmentation, divided among North America, Europe Asia Pacific, South America and Middle East & Africa. The United States is anticipated to hold a significant market share in the coming years due to the rising sales of passenger cars and the increasing preference for recreational activities such off-roading.

Company Profile

Brink Group B.V., PCT Automotive Ltd., Bosal International N.V., Curt Manufacturing LLC., David Murphy Towing, Trimas Corporation, Horizon Global Corporation, Hayman Reese, ACPS Automotive GmbH, and McCabe Towbars are the leading market players of global automotive towbar market.

Attribute	Details
Base Year	2021
Historical Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Vehicle Type · Type · Sales Channel
Regional scope	North America, Europe Asia Pacific, South America and Middle East & Africa.
Key companies profiled	Brink Group B.V., PCT Automotive Ltd., Bosal International N.V., Curt Manufacturing LLC., David Murphy Towing, Trimas Corporation, Horizon Global Corporation, Hayman Reese, ACPS Automotive GmbH, and McCabe Towbars
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global automotive towbar market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Automotive Towbar Market, By Vehicle Type:

o Two-Wheeler

o Passenger Car

o Light Commercial Vehicle (LCV)

o Medium & Heavy Commercial Vehicle (M&HCV)

Automotive Towbar Market, By Type:

o Fixed System

o Detachable System

o Electric System

Automotive Towbar Market, By Sales Channel

o OEM

o OES

o IAM

Automotive Towbar Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ Germany

§ France

§ United Kingdom

§ Spain

§ Italy

§ Netherland

§ Norway

§ Sweden

o Asia Pacific

§ China

§ India

§ Japan

§ Malaysia

§ Thailand

§ South Korea

o South America

§ Brazil

§ Colombia

§ Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Automotive towbar Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Automotive Towbar Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Automotive Towbar Market

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Aided Brand Recall and Unaided Brand Recall

5.3. Brand Satisfaction Level

6. Global Automotive Towbar Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV))

6.2.2. By Type (Fixed System, Detachable System, Electric System)

6.2.3. By Sales Channel (OEM, OES, IAM)

6.2.4. By Region ()

6.2.5. By Company (2021)

6.3. Product Market Map (By Vehicle Type, By Type, By Product Type, By Device, By Region)

7. North America Automotive Towbar Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By Type

7.2.3. By Sales Channel

7.2.4. By Country (United States; Canada; Mexico)

7.3. Product Market Map (By Vehicle Type, By Country)

7.4. North America: Country Analysis

7.4.1. United States Automotive Towbar Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value & Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Vehicle Type

7.4.1.2.2. By Type

7.4.1.2.3. By Sales Channel

7.4.2. Canada Automotive Towbar Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value & Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Vehicle Type

7.4.2.2.2. By Type

7.4.2.2.3. By Sales Channel

7.4.3. Mexico Automotive Towbar Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value & Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Vehicle Type

7.4.3.2.2. By Type

7.4.3.2.3. By Sales Channel

8. Asia Pacific Automotive Towbar Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Vehicle Type

8.2.2. By Type

8.2.3. By Sales Channel

8.2.4. By Country (China, India, Japan, South Korea, Australia, Malaysia, Thailand)

8.3. Product Market Map (By Vehicle Type, By Country)

8.4. Asia Pacific: Country Analysis

8.4.1. China Automotive Towbar Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Vehicle Type

8.4.1.2.2. By Type

8.4.1.2.3. By Sales Channel

8.4.2. India Automotive Towbar Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Vehicle Type

8.4.2.2.2. By Type

8.4.2.2.3. By Sales Channel

8.4.3. Japan Automotive Towbar Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Vehicle Type

8.4.3.2.2. By Type

8.4.3.2.3. By Sales Channel

8.4.4. Thailand Automotive Towbar Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value & Volume

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Vehicle Type

8.4.4.2.2. By Type

8.4.4.2.3. By Sales Channel

8.4.5. Malaysia Automotive Towbar Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value & Volume

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Vehicle Type

8.4.5.2.2. By Type

8.4.5.2.3. By Sales Channel

8.4.6. Australia Automotive Towbar Market Outlook

8.4.6.1. Market Size & Forecast

8.4.6.1.1. By Value & Volume

8.4.6.2. Market Share & Forecast

8.4.6.2.1. By Vehicle Type

8.4.6.2.2. By Type

8.4.6.2.3. By Sales Channel

8.4.7. South Korea Automotive Towbar Market Outlook

8.4.7.1. Market Size & Forecast

8.4.7.1.1. By Value & Volume

8.4.7.2. Market Share & Forecast

8.4.7.2.1. By Vehicle Type

8.4.7.2.2. By Type

8.4.7.2.3. By Sales Channel

9. Europe Automotive Towbar Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Vehicle Type

9.2.2. By Type

9.2.3. By Sales Channel

9.2.4. By Country (Germany, France, United Kingdom, Spain, Italy, Netherlands, Norway, Sweden)

9.3. Product Market Map (By Vehicle Type, By Country)

9.4. Europe: Country Analysis

9.4.1. Germany Automotive Towbar Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Vehicle Type

9.4.1.2.2. By Type

9.4.1.2.3. By Sales Channel

9.4.2. France Automotive Towbar Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value & Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Vehicle Type

9.4.2.2.2. By Type

9.4.2.2.3. By Sales Channel

9.4.3. United Kingdom Automotive Towbar Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value & Volume

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Vehicle Type

9.4.3.2.2. By Type

9.4.3.2.3. By Sales Channel

9.4.4. Spain Automotive Towbar Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value & Volume

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Vehicle Type

9.4.4.2.2. By Type

9.4.4.2.3. By Sales Channel

9.4.5. Italy Automotive Towbar Market Outlook

9.4.5.1. Market Size & Forecast

9.4.5.1.1. By Value & Volume

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Vehicle Type

9.4.5.2.2. By Type

9.4.5.2.3. By Sales Channel

9.4.6. Netherlands Automotive Towbar Market Outlook

9.4.6.1. Market Size & Forecast

9.4.6.1.1. By Value & Volume

9.4.6.2. Market Share & Forecast

9.4.6.2.1. By Vehicle Type

9.4.6.2.2. By Type

9.4.6.2.3. By Sales Channel

9.4.7. Norway Automotive Towbar Market Outlook

9.4.7.1. Market Size & Forecast

9.4.7.1.1. By Value & Volume

9.4.7.2. Market Share & Forecast

9.4.7.2.1. By Vehicle Type

9.4.7.2.2. By Type

9.4.7.2.3. By Sales Channel

9.4.8. Sweden Automotive Towbar Market Outlook

9.4.8.1. Market Size & Forecast

9.4.8.1.1. By Value & Volume

9.4.8.2. Market Share & Forecast

9.4.8.2.1. By Vehicle Type

9.4.8.2.2. By Type

9.4.8.2.3. By Sales Channel

10. South America Automotive Towbar Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Vehicle Type

10.2.2. By Type

10.2.3. By Sales Channel

10.2.4. By Country (Brazil, Argentina, Colombia)

10.3. Product Market Map (By Vehicle Type, By Country)

10.4. South America: Country Analysis

10.4.1. Brazil Automotive Towbar Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value & Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Vehicle Type

10.4.1.2.2. By Type

10.4.1.2.3. By Sales Channel

10.4.2. Argentina Automotive Towbar Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value & Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Vehicle Type

10.4.2.2.2. By Type

10.4.2.2.3. By Sales Channel

10.4.3. Colombia Automotive Towbar Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value & Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Vehicle Type

10.4.3.2.2. By Type

10.4.3.2.3. By Sales Channel

11. Middle East and Africa Automotive Towbar Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Vehicle Type

11.2.2. By Type

11.2.3. By Sales Channel

11.2.4. By Country (South Africa, UAE, Saudi Arabia, Israel)

11.3. Product Market Map (By Vehicle Type, By Country)

11.4. Middle East and Africa: Country Analysis

11.4.1. South Africa Automotive Towbar Market Outlook

11.4.1.1. Market Size & Forecast

11.4.1.1.1. By Value & Volume

11.4.1.2. Market Share & Forecast

11.4.1.2.1. By Vehicle Type

11.4.1.2.2. By Type

11.4.1.2.3. By Sales Channel

11.4.2. UAE Automotive Towbar Market Outlook

11.4.2.1. Market Size & Forecast

11.4.2.1.1. By Value & Volume

11.4.2.2. Market Share & Forecast

11.4.2.2.1. By Vehicle Type

11.4.2.2.2. By Type

11.4.2.2.3. By Sales Channel

11.4.3. Saudi Arabia Automotive Towbar Market Outlook

11.4.3.1. Market Size & Forecast

11.4.3.1.1. By Value & Volume

11.4.3.2. Market Share & Forecast

11.4.3.2.1. By Vehicle Type

11.4.3.2.2. By Type

11.4.3.2.3. By Sales Channel

11.4.4. Israel Automotive Towbar Market Outlook

11.4.4.1. Market Size & Forecast

11.4.4.1.1. By Value & Volume

11.4.4.2. Market Share & Forecast

11.4.4.2.1. By Vehicle Type

11.4.4.2.2. By Type

11.4.4.2.3. By Sales Channel

11.4.4.2.4.

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Partial List of Leading Companies)

14.1.1. Brink Group B.V.

14.1.2. PCT Automotive Ltd.

14.1.3. Bosal International N.V.

14.1.4. Curt Manufacturing LLC.

14.1.5. David Murphy Towing

14.1.6. Trimas Corporation

14.1.7. Horizon Global Corporation

14.1.8. Hayman Reese

14.1.9. ACPS Automotive GmbH

14.1.10. Mccabe Towbars

15. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What are the major drivers of the Global Automotive Towbar Market?

The increasing sales of vehicles and the rising preferences for recreational activities such as off-roading are acting as major growth-inducing factor for the market.

Who are the market players of the Global Automotive Towbar Market?

What challenges may hinder the growth of Global Automotive Towbar Market?

The presence of active threats such as lack of professionals may hinder the market growth.

What are strategic recommendations may the new market players follow in the future?

New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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Press Release

Automotive Towbar Market Projected to be Dominated by the Passenger Car Segment Through 2027

Aug, 2022

The increasing deployment of automotive towbar in both passenger and lightweight commercial cars is primarily driving the growth of the global automotive towbar market in the coming years.

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