Automotive Towbar Market
Automotive Towbar Market Size, Share Analysis By Product (Retractable Automotive Towbars, Detachable Automotive Towbars, Fixed Automotive Towbars), By Sales Channel (OEMs, OESs, IAMs), By Vehicle (Compact Passenger Cars, Mid-sized Passenger Cars) & By Region - Global Market Insights 2021 to 2031
Analysis of Automotive Towbar market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Towbar Market Outlook (2021 to 2031)
The global automotive towbar market, which is expected to progress at a CAGR of 3.6% over the forecast period (2021 to 2031), and surpass a valuation of US$ 1.9 Bn. The global automotive towbar market holds 2% share of the global towbar market.
| Report Attributes | Details |
|---|---|
| Automotive Towbar Market Size (2021) | US$ 1.3 Bn |
| Market Forecasted Value (2031) | US$ 1.9 Bn |
| Global Market Growth Rate (2021 to 2031) | 3.6% CAGR |
| Market Share of Top 5 Automotive Towbar Suppliers | 25% |
Retractable automotive towbars account for a significant market share by value. Retractable towbar equipment is gaining attraction due to its advantages such as invisibility in every type of car and easy storage (can be stored behind the bumper).
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Demand Analysis of Automotive Towbars from 2016 to 2020 in Comparison to Market Outlook for 2021 to 2031
According to the latest report by Fact.MR, the global automotive towbar market has seen major contribution from countries such as Switzerland, the U.S., Spain, Germany, and U.K., as these countries have a potential automotive market and the presence of leading manufactures.
Sales of automotive towbars increased at under 3% CAGR from 2016 to 2020. Overall sluggishness in the global automotive sector restricted sales to a larger extent. Prospects further dipped in 2020 as the COVID-19 pandemic took firm hold. Stringent lockdowns to contain the virus led to cessation of manufacturing operations in the automotive domain, crippling sales across the first three quarters of 2020.
Substantial improvements were noted since Q4 2020, with lockdowns easing across several countries. This permitted resumption of automotive industry operations, restoring demand. From 2021 to 2031, global demand for automotive towing services is expected to witness a V-shape recovery and rise at promising growth rate of above 3% through 2031.
North America is poised to generate the largest market value due to the established automotive market in the region. The North America automotive towbar industry is anticipated to capture more than 35% of global share owing to growth in demand for commercial vehicles and high adoption of new technology in the region.
Growing demand of caravans is propelling overall towing market demand in Europe. According to the Caravanning Industry Association, there will be more than 4% rise in the European caravanning industry during the forecast period.
Upsurge in sales of automobile components is propelling demand of automotive towbars. The driving factor that is providing an opportunity for automotive towbars is their light weight and high thermal strength. This high thermal strength is due to manufacturing with plastics, which include polycarbonate. This is helping in the reduction of vehicle weight and improving fuel efficiency, thereby reducing emissions.
How is the Gradually Improving Automotive Industry Aiding Sales Growth of Automotive Towbars?
After the pandemic effect, the global automotive industry is exhibiting signs of recovery, particularly in the United States. Significant progress has been recorded in the market for electric vehicles.
It is expected that this progress will continue and manufactures of automotive towbars can leverage the megatrend of electric vehicles. Global profits for car manufacturers are projected to soar by around 51%, with China leading in the short term. Consequently, this is aiding the global market for automotive towbars and tow straps.
Moving business from European OEMs to the inexpensive aftermarket in China is also is reorienting the revenue ecosystems towards the Asian region.
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Country Wise Analysis
What is the Demand Outlook for U.S. Automotive Towbars?
It is anticipated that the U.S. will account for over 80% of the overall market share in North America towbars for automotive. Deployment of new technologies and growing demand for unpowered trailers and caravans will likely strengthen market growth over the coming years.
Growth prospects are abound across the EV segment. As per the U.S Department of Energy (DoE), sales of plug-in electric vehicles (PHEVs) totalled 1.4 million units from 2011 to 2019. Hence, automotive towbars for these vehicles is likely to find widespread deployment in the future.
How is the U.K anticipated to Generate Favorable Prospects for Automotive Towbar Suppliers?
Sales of automotive towbar equipment in the U.K. are expected to increase at a CAGR of around 4% through 2031. Increasing penetration of the luxury automotive sector is likely to pivot demand for automotive towbars across the country.
In recent years, the country has experienced an increase in recreational driving. Consequently, companies offering rental cars and caravans have surged, providing enough room for expansion to the market for automotive towbars.
Why are Manufacturers Capitalizing on the Germany Automotive Towbars Landscape?
By the conclusion of the predicted period of 2021 to 2031, the Germany automotive towbar devices market is set to expand 1.3X in value. Extensive development of the automotive segment, especially with regards to the electric revolution, is broadening market prospects.
According to the KBA federal motor transport authority, a total of 230,625 new passenger cars were registered in May 2021. This represents an increase of 37% compared to May 2020. Prominent brands such as Skoda and Kia experienced an increase of 56% each, while Volkswagen was up by 53%.
Such promising automotive sales are definitely providing room for manufacturers of automotive towbars to establish a firm base in Germany.
Category-wise Insights
Why are Retractable Automotive Towbars in High Demand?
By product, over 2/5 of automotive towbar demand is anticipated to be fuelled by retractable automotive towbars. Demand is strong amid high convenience and easy maintenance cycles.
Several premium and luxury car brands such as BMW and Audi offer retractable automotive towbars. As these can be folded away when not in use, they are highly preferred by automotive manufacturers.
Will Luxury Passenger Cars Emerge as Primary Vehicles for Demand for Automotive Towbar Applications?
By vehicle, deployment of automotive towbars for luxury passenger cars is likely to increase at above 3% CAGR through 2031. Increasing demand for these cars amid surging disposable income is widening growth prospects.
Modern luxury cars are equipped with the latest components, ranging from shock absorbers to airbags and towbars. Luxury vehicles are equipped with towbars to be standalone to enhance safety while driving.
How Has COVID-19 Impacted Automotive Towbar Demand?
As the COVID-19 pandemic unfurled, the global automotive industry slipped into further recession. Imposition of mandatory lockdowns to curb infection rates was attributed as the primary growth decelerator.
In the initial quarters of 2020, automotive giants experienced severe gaps in supply and demand. As logistics were disrupted, adequate raw material availability, such as iron and steel, to manufacture automotive towbars, was constrained. Hence, production shortfalls were encountered.
Fortunately, countries have implemented favourable policies aimed at uplifting the global automotive sector. Massive stimulus was received with increasing demand for electric vehicles, especially across China, the United States, and Germany.
Furthermore, since Q4 2020, a gradual recovery in the automotive sector is being witnessed, which has provided favourable ground for expansion of automotive towbar sales.
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Competitive Landscape
According to the market research analysis, top manufacturers of automotive towbars are Brink Group B.V, Bosal International N.V, PCT Automotive Ltd, and Curt Manufacturing LLC.
To increase their profit margins, leading market players are opting for organic and inorganic growth strategies, which are enhancing their product portfolios and boosting sales of the product. These strategies include collaborations, partnerships, and product launches. These help in keeping up with the current trends in the automotive towbar industry.
- For instance, in June 2021, DexKo Global Inc. signed an agreement to acquire Brink International, a specialist in automotive towbar solutions. The Dutch company is expanding the DexKo range to include designed towing and transport solutions.
- Roadmaster Automotive Products offers the ROADMASTER 020 TRACKER 5,000 LB. FEATURES Crossbar for complete safety - for the highest safety enhanced. It is the only manufacturer of the goods manufactured to provide structural integrity, long life, and safety.
- Curt Manufacturing offers a non-binding rambler steel towbar. The newly introduced device incorporates an automated locking system, 3 storage settings, and slide-resistant arms for improved control and handling.
Similarly, recent developments related to companies manufacturing automotive towbars have been tracked by the team at Fact.MR, which are available in the full report.
Automotive Towbar Industry Report Scope
| Report Attributes | Details |
|---|---|
| Forecast Period | 2021 to 2031 |
| Historical Data Available for | 2016 to 2020 |
| Market Analysis | ‘’000 Units for Volume and US$ Mn for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Oceania; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, U.K., France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Australia, New Zealand, Turkey, South Africa, GCC Countries |
| Key Market Segments Covered | Product Type, Vehicle, Sales Channel, Region |
| Key Companies Profiled | Brink Group B.V; Bosal International N.V; Westfalia-Automotive GmbH; PCT Automotive Ltd.; GDW N.V; Tow-Trust Towbars; Pulliam Enterprises Inc.; Horizon Global; Curt Manufacturing LLC |
Key Segments Covered in Automotive Towbar Industry Survey
-
By Product Type:
- Retractable
- Detachable
- Fixed
- Automotive Towing Brackets & Ball Plates
-
By Sales Channel:
- OEM
- OES
- IAM
-
By Vehicle:
- Compact Passenger Cars
- Mid-sized Passenger Cars
- Premium Passenger Cars
- Luxury Passenger Cars
- Sports Utility Vehicles (SUVs)
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundational Data Points
- 4. Key Success Factors
- 5. Global Market Demand Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 6. Global Market - Pricing Analysis
- 7. Global Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 8. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Product
- 8.1. Retractable
- 8.2. Detachable
- 8.3. Fixed
- 8.4. Automotive Towing Brackets & Ball Plates
- 9. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, By Sales Channel
- 9.1. OEM’s
- 9.2. OES’s
- 9.3. IAM’s
- 10. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, By Vehicle Type
- 10.1. Compact Passenger Cars
- 10.2. Mid-sized Passenger Cars
- 10.3. Premium Passenger Cars
- 10.4. Luxury Passenger Cars
- 10.5. Sports Utility Vehicles (SUVs)
- 10.6. Light Commercial Vehicles
- 10.7. Heavy Commercial Vehicles
- 11. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & Oceania
- 11.6. Middle East and Africa (MEA)
- 12. North America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 13. Latin America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 14. Europe Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 15. East Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 16. South Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 17. Oceania Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 18. Middle East and Africa Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 19. Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Key Countries
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Brink Group B.V
- 21.2. TriMas Corporation
- 21.3. Bosal International N.V
- 21.4. Westfalia-Automotive GmbH
- 21.5. Weigh Safe
- 21.6. PCT Automotive Ltd.
- 21.7. GDW N.V
- 21.8. Tow-Trust Towbars
- 21.9. Pulliam Enterprises Inc.
- 21.10. Horizon Global
- 21.11. Curt Manufacturing LLC
- 21.12. Other Prominent Players
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2020
Table 02: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021 to 2031
Table 03: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016 to 2020
Table 04: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021 to 2031
Table 05: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016 to 2020
Table 06: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021 to 2031
Table 05: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis By Region, 2016 to 2020
Table 06: Global Market Value (US$ Mn) and Volume ('000 Units) Analysis By Region, 2021 to 2031
Table 07: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2020
Table 08: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021 to 2031
Table 09: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016 to 2020
Table 10: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021 to 2031
Table 11: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016 to 2020
Table 12: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021 to 2031
Table 13: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016 to 2020
Table 14: North America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021 to 2031
Table 15: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2020
Table 16: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021 to 2031
Table 17: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016 to 2020
Table 18: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021 to 2031
Table 19: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016 to 2020
Table 20: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021 to 2031
Table 21: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016 to 2020
Table 22: Latin America Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021 to 2031
Table 23: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2020
Table 24: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021 to 2031
Table 25: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016 to 2020
Table 26: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021 to 2031
Table 27: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016 to 2020
Table 28: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021 to 2031
Table 29: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016 to 2020
Table 30: Europe Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021 to 2031
Table 31: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2020
Table 32: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021 to 2031
Table 33: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016 to 2020
Table 34: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021 to 2031
Table 35: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016 to 2020
Table 36: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021 to 2031
Table 36: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016 to 2020
Table 37: East Asia Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021 to 2031
Table 38: South Asia & Oceania Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2020
Table 39: South Asia & Oceania Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021 to 2031
Table 40: South Asia & Oceania Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016 to 2020
Table 41: South Asia & Oceania Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021 to 2031
Table 42: South Asia & Oceania Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016 to 2020
Table 43: South Asia & Oceania Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021 to 2031
Table 44: South Asia & Oceania Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016 to 2020
Table 45: South Asia & Oceania Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021 to 2031
Table 46: MEA Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2020
Table 47: MEA Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021 to 2031
Table 48: MEA Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016 to 2020
Table 49: MEA Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021 to 2031
Table 50: MEA Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016 to 2020
Table 51: MEA Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021 to 2031
Table 52: MEA Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016 to 2020
Table 53: MEA Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021 to 2031
Table 54: U.S Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 55: Canada Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 56: Brazil Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 57: Mexico Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 58: Spian Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 59: Russia Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 60: Germany Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 61: France Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 62: China Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 63: Japan Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
Table 64: India Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016 to 2031
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List Of Figures
Figure 01: Global Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 02: Global Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 03: Global Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016 to 2020
Figure 04: Global Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 05: Global Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure 06: Global Market Incremental $ Opportunity, 2020 to 2031
Figure 07: Global Market Share and Analysis by Product Type– 2021 & 2031
Figure 08: Global Market Y-o-Y Growth Projections by Product Type, 2020 to 2031
Figure 09: Global Market Attractiveness Analysis by Product Type, 2021 to 2031
Figure 10 Global Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 11: Global Market Y-o-Y Growth Projections by Sales Channel, 2020 to 2031
Figure 12: Global Market Attractiveness Analysis by Sales Channel, 2021 to 2031
Figure 13: Global Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 14: Global Market Y-o-Y Growth Projections by Vehicle Type, 2020 to 2031
Figure 15: Global Market Attractiveness Analysis by Vehicle Type, 2021 to 2031
Figure 16: Global Market Share and Analysis by Region– 2021 & 2031
Figure 17: Global Market Y-o-Y Growth Projections by Region, 2020 to 2031
Figure 18: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 19: North America Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 20: North America Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 21: North America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016 to 2020
Figure 22: North America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 23: North America Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure 24: North America Market Incremental $ Opportunity, 2020 to 2031
Figure 25: North America Market Share and Analysis by Product Type– 2021 & 2031
Figure 26: North America Market Y-o-Y Growth Projections by Product Type, 2020 to 2031
Figure 27: North America Market Attractiveness Analysis by Product Type, 2021 to 2031
Figure 28: North America Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 29: North America Market Y-o-Y Growth Projections by Sales Channel, 2020 to 2031
Figure 30: North America Market Attractiveness Analysis by Sales Channel, 2021 to 2031
Figure 31: North America Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 32: North America Market Y-o-Y Growth Projections by Vehicle Type, 2020 to 2031
Figure 33: North America Market Attractiveness Analysis by Vehicle Type, 2021 to 2031
Figure 34: North America Market Share and Analysis by Region– 2021 & 2031
Figure 35: North America Market Y-o-Y Growth Projections by Region, 2020 to 2031
Figure 36: North America Market Attractiveness Analysis by Region, 2021 to 2031
Figure 37: Latin America Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 38: Latin America Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 39: Latin America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016 to 2020
Figure 40: Latin America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure 42: Latin America Market Incremental $ Opportunity, 2020 to 2031
Figure 43: Latin America Market Share and Analysis by Product Type– 2021 & 2031
Figure 44: Latin America Market Y-o-Y Growth Projections by Product Type, 2020 to 2031
Figure 45: Latin America Market Attractiveness Analysis by Product Type, 2021 to 2031
Figure 46: Latin America Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 47: Latin America Market Y-o-Y Growth Projections by Sales Channel, 2020 to 2031
Figure 48: Latin America Market Attractiveness Analysis by Sales Channel, 2021 to 2031
Figure 49: Latin America Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 50: Latin America Market Y-o-Y Growth Projections by Vehicle Type, 2020 to 2031
Figure 51: Latin America Market Attractiveness Analysis by Vehicle Type, 2021 to 2031
Figure 52: Latin America Market Share and Analysis by Region– 2021 & 2031
Figure 53: Latin America Market Y-o-Y Growth Projections by Region, 2020 to 2031
Figure 54: Latin America Market Attractiveness Analysis by Region, 2021 to 2031
Figure 55: Europe Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 56: Europe Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 57: Europe Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016 to 2020
Figure 58: Europe Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 59: Europe Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure 60: Europe Market Incremental $ Opportunity, 2020 to 2031
Figure 61: Europe Market Share and Analysis by Product Type– 2021 & 2031
Figure 62: Europe Market Y-o-Y Growth Projections by Product Type, 2020 to 2031
Figure 63: Europe Market Attractiveness Analysis by Product Type, 2021 to 2031
Figure 64: Europe Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 65: Europe Market Y-o-Y Growth Projections by Sales Channel, 2020 to 2031
Figure 66: Europe Market Attractiveness Analysis by Sales Channel, 2021 to 2031
Figure 67: Europe Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 68: Europe Market Y-o-Y Growth Projections by Vehicle Type, 2020 to 2031
Figure 69: Europe Market Attractiveness Analysis by Vehicle Type, 2021 to 2031
Figure 70: Europe Market Share and Analysis by Region– 2021 & 2031
Figure 71: Europe Market Y-o-Y Growth Projections by Region, 2020 to 2031
Figure 72: Europe Market Attractiveness Analysis by Region, 2021 to 2031
Figure 73: East Asia Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 74: East Asia Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 75: East Asia Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016 to 2020
Figure 76: East Asia Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 77: East Asia Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure 78: East Asia Market Incremental $ Opportunity, 2020 to 2031
Figure 79: East Asia Market Share and Analysis by Product Type– 2021 & 2031
Figure 80: East Asia Market Y-o-Y Growth Projections by Product Type, 2020 to 2031
Figure 81: East Asia Market Attractiveness Analysis by Product Type, 2021 to 2031
Figure 82: East Asia Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 83: East Asia Market Y-o-Y Growth Projections by Sales Channel, 2020 to 2031
Figure 84: East Asia Market Attractiveness Analysis by Sales Channel, 2021 to 2031
Figure 85: East Asia Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 86: East Asia Market Y-o-Y Growth Projections by Vehicle Type, 2020 to 2031
Figure 87: East Asia Market Attractiveness Analysis by Vehicle Type, 2021 to 2031
Figure 88: East Asia Market Share and Analysis by Region– 2021 & 2031
Figure 89: East Asia Market Y-o-Y Growth Projections by Region, 2020 to 2031
Figure 90: East Asia Market Attractiveness Analysis by Region, 2021 to 2031
Figure 91: South Asia & Oceania Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 92: South Asia & Oceania Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 93: South Asia & Oceania Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016 to 2020
Figure 94: South Asia & Oceania Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 95: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure 96: South Asia & Oceania Market Incremental $ Opportunity, 2020 to 2031
Figure 97: South Asia & Oceania Market Share and Analysis by Product Type– 2021 & 2031
Figure 98: South Asia & Oceania Market Y-o-Y Growth Projections by Product Type, 2020 to 2031
Figure 99: South Asia & Oceania Market Attractiveness Analysis by Product Type, 2021 to 2031
Figure 100: South Asia & Oceania Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 101: South Asia & Oceania Market Y-o-Y Growth Projections by Sales Channel, 2020 to 2031
Figure 102: South Asia & Oceania Market Attractiveness Analysis by Sales Channel, 2021 to 2031
Figure 103: South Asia & Oceania Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 104: South Asia & Oceania Market Y-o-Y Growth Projections by Vehicle Type, 2020 to 2031
Figure 105: South Asia & Oceania Market Attractiveness Analysis by Vehicle Type, 2021 to 2031
Figure 106: South Asia & Oceania Market Share and Analysis by Region– 2021 & 2031
Figure 107: South Asia & Oceania Market Y-o-Y Growth Projections by Region, 2020 to 2031
Figure 108: South Asia & Oceania Market Attractiveness Analysis by Region, 2021 to 2031
Figure 109: MEA Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 110: MEA Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 111: MEA Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016 to 2020
Figure 112: MEA Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021 to 2031
Figure 113: MEA Market Value Y-o-Y Growth and Forecast, 2017 to 2031
Figure 114: MEA Market Incremental $ Opportunity, 2020 to 2031
Figure 115: MEA Market Share and Analysis by Product Type– 2021 & 2031
Figure 116: MEA Market Y-o-Y Growth Projections by Product Type, 2020 to 2031
Figure 117: MEA Market Attractiveness Analysis by Product Type, 2021 to 2031
Figure 118: MEA Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 119: MEA Market Y-o-Y Growth Projections by Sales Channel, 2020 to 2031
Figure 120: MEA Market Attractiveness Analysis by Sales Channel, 2021 to 2031
Figure 121: MEA Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 122: MEA Market Y-o-Y Growth Projections by Vehicle Type, 2020 to 2031
Figure 123: MEA Market Attractiveness Analysis by Vehicle Type, 2021 to 2031
Figure 124: MEA Market Share and Analysis by Region– 2021 & 2031
Figure 125: MEA Market Y-o-Y Growth Projections by Region, 2020 to 2031
Figure 126: MEA Market Attractiveness Analysis by Region, 2021 to 2031
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Competitive landscape highlights only certain players
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- FAQs -
What is the revenue generation potential from automotive towbar sales?
Global market value from the sales of automotive towbars is estimated to reach US$ 1.9 Bn by 2031.
What is the expected growth rate for automotive towbar sales?
Sales of automotive towbars are projected to increase at a CAGR of 3.6% during 2021 – 2031.
What is the absolute dollar opportunity anticipated to be provided by the market?
Automotive towbar industry analysis showcases an absolute dollar opportunity of around US$ 1 Bn for the decade.
What is majorly driving demand for automotive towbars?
Increasing demand for electric vehicles and luxury passenger cars are jointly driving sales of automotive towbars.
How much market share is held by the top 5 producers of automotive towbars?
Top 5 manufacturers of automotive towbars account for around 25% share in the market, mainly dominated by manufacturers in the United States.
Most automotive towbar demand is driven by which top 5 countries?
The U.S., U.K., Germany, France, and Spain are among the top countries as far as demand for automotive towbars is concerned.
What is the outlook for North America automotive towbar sector?
North America accounted for over 35% of global automotive towbar demand in 2020.
What is the growth scenario for the market in Europe for automotive towbars?
The Europe automotive towbar market is projected to expand at a CAGR of close to 4% during 2021 – 2031.
What are the insights for the U.S. market for automotive towbars?
The U.S. market is set to expand at over 4% CAGR, accounting for more than 80% share in North American market.
Automotive Towbar Market