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 2021-2031
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 (2021-2031)
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.
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Automotive Towbar Market Size (2021) |
US$ 1.3 Bn |
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Market Forecasted Value (2031) |
US$ 1.9 Bn |
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Global Market Growth Rate (2021-2031) |
3.6% CAGR |
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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 2016-2020. 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.
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 2021-2031, 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.
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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.
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.
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Automotive Towbar Industry Report Scope
|
Attribute |
Details |
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Forecast Period |
2021-2031 |
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Historical Data Available for |
2016-2020 |
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Market Analysis |
‘’000 Units for Volume and US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Key Segments Covered in Automotive Towbar Industry Survey
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By Product Type
- Retractable
- Detachable
- Fixed
- Automotive Towing Brackets & Ball Plates
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By Sales Channel
- OEM
- OES
- IAM
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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 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Summary of Key Findings 1.4. Fact.MR Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background and Foundational Data Points 3.1. Global Automotive Industry Outlook 3.1.1. By Vehicle Type 3.1.2. By Sales Channel 3.2. Global Automotive Towbar Sales Market 3.2.1. By Vehicle 3.2.2. By Product 3.3. Towbar Lifecycle Analysis & Replacement Rate 3.4. Recent development in Global Automotive Towbar Market, By Market Players 3.5. List of Emerging, Prominent and Leading Players 3.6. Scenario Forecast (Demand in optimistic, likely, and conservative Market conditions) 3.7. PESTLE Analysis 3.8. Porter’s Five Forces Analysis 3.9. Forecast Factors - Relevance & Impact 3.10. Market Dynamics 3.10.1. Market Driving Factors and Impact Assessment 3.10.2. Prominent Market Challenges and Impact Assessment 3.10.3. Automotive Towbar Market Opportunities and Impact Assessment 3.10.4. Prominent Trends in the Global Market & Their Impact Assessment 3.11. Value Chain Analysis 3.11.1. List of Key Manufacturers 3.11.2. List of Channel Partners 3.11.3. Operating Margins 3.11.4. Notes on Value Added at Each Node in the Value Chain 3.12. COVID-19 Risk Assessment – Automotive Towbar Market 3.12.1. COVID – 19: Rebound Scenario 3.12.2. Quarterly Demand Assessment in 2020 for Automotive Towbar Market 3.12.3. Impact of Coronavirus Outbreak on Automotive Towbar Market 4. Key Success Factors 4.1. Automotive Towbar Adoption Analysis 4.2. Automotive Towbar Brand Benchmarking 4.3. Promotional Strategies Adopted by Companies 5. Global Automotive Towbar Market Demand Analysis 2016-2020 and Forecast, 2021-2031 5.1. Historical Market Volume (‘000) Analysis, 2016-2020 5.2. Current and Future Market Volume (‘000) Projections, 2021-2031 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Global Automotive Towbar Market - Pricing Analysis 6.1. Regional Pricing Analysis By Sales Channel Type 6.2. Pricing Break-up 6.2.1. Manufacturer Level Pricing 6.2.2. Distributor Level Pricing 6.3. Global Average Pricing Analysis Benchmark 7. Global Automotive Towbar Market Value (US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031 7.1. Historical Market Value (US$ Mn) Analysis, 2016-2020 7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031, by Product 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) By Product, 2016-2020 8.3. Current and Future Market Size (US$ Mn) and Volume (‘000 Units) Analysis and Forecast By Product, 2021-2031 8.3.1. Retractable 8.3.2. Detachable 8.3.3. Fixed 8.3.4. Automotive Towing Brackets & Ball Plates 8.4. Market Attractiveness Analysis By Product Type 9. Global Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031, By Sales Channel 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Mn) Analysis By Sales Channel, 2016-2020 9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Sales Channel, 2021-2031 9.3.1. OEM’s 9.3.2. OES’s 9.3.3. IAM’s 9.4. Market Attractiveness Analysis By Sales Channel 10. Global Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031, By Vehicle Type 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) Analysis By Vehicle Type, 2016-2020 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Vehicle Type, 2021-2031 10.3.1. Compact Passenger Cars 10.3.2. Mid-sized Passenger Cars 10.3.3. Premium Passenger Cars 10.3.4. Luxury Passenger Cars 10.3.5. Sports Utility Vehicles (SUVs) 10.3.6. Light Commercial Vehicles 10.3.7. Heavy Commercial Vehicles 10.4. Market Attractiveness Analysis By Vehicle Type 11. Global Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031, by Region 11.1. Introduction 11.2. Historical Market Size (US$ Mn) Analysis and Volume (‘000) By Region, 2016-2020 11.3. Current Market Size (US$ Mn) Analysis and Forecast and Volume (‘000) By Region, 2021 - 2031 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia & Oceania 11.3.6. Middle East and Africa (MEA) 11.4. Market Attractiveness Analysis By Region 12. North America Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031 12.1. Introduction 12.2. Historical Market Size (US$ Mn) and Volume (‘000) Trend Analysis By Market Taxonomy, 2016-2020 12.3. Market Size (US$ Mn) and Volume (‘000) Forecast By Market Taxonomy, 2021-2031 12.3.1. By Country 12.3.1.1. U.S. 12.3.1.2. Canada 12.3.2. By Product Type 12.3.3. By Sales Channel 12.3.4. By Vehicle Type 12.4. Market Attractiveness Analysis 12.5. Key Market Participants - Intensity Mapping 12.6. Drivers and Restraints - Impact Analysis 13. Latin America Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031 13.1. Introduction 13.2. Historical Market Size (US$ Mn) and Volume (‘000) Trend Analysis By Market Taxonomy, 2016-2020 13.3. Market Size (US$ Mn) and Volume (‘000) Forecast By Market Taxonomy, 2021-2031 13.3.1. By Country 13.3.1.1. Brazil 13.3.1.2. Mexico 13.3.1.3. Rest of Latin America 13.3.2. By Product Type 13.3.3. By Sales Channel 13.3.4. By Vehicle Type 13.4. Market Attractiveness Analysis 13.5. Key Market Participants - Intensity Mapping 13.6. Drivers and Restraints - Impact Analysis 14. Europe Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031 14.1. Introduction 14.2. Historical Market Size (US$ Mn) and Volume (‘000) Trend Analysis By Market Taxonomy, 2016-2020 14.3. Market Size (US$ Mn) and Volume (‘000) Forecast By Market Taxonomy2021-2031 14.3.1. By Country 14.3.1.1. Germany 14.3.1.2. France 14.3.1.3. UK 14.3.1.4. Italy 14.3.1.5. Spain 14.3.1.6. Benelux 14.3.1.7. Rest of Europe 14.3.2. By Product Type 14.3.3. By Sales Channel 14.3.4. By Vehicle Type 14.4. Market Attractiveness Analysis 14.5. Key Market Participants - Intensity Mapping 14.6. Drivers and Restraints - Impact Analysis 15. East Asia Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031 15.1. Introduction 15.2. Historical Market Size (US$ Mn) and Volume (‘000) Trend Analysis By Market Taxonomy, 2016-2020 15.3. Market Size (US$ Mn) and Volume (‘000) Forecast By Market Taxonomy, 2021-2031 15.3.1. By Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. By Product Type 15.3.3. By Sales Channel 15.3.4. By Vehicle Type 15.4. Market Attractiveness Analysis 15.5. Key Market Participants - Intensity Mapping 15.6. Drivers and Restraints - Impact Analysis 16. South Asia Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031 16.1. Introduction 16.2. Historical Market Size (US$ Mn) and Volume (‘000) Trend Analysis By Market Taxonomy, 2016-2020 16.3. Market Size (US$ Mn) and Volume (‘000) Forecast By Market Taxonomy2021-2031 16.3.1. By Country 16.3.1.1. India 16.3.1.2. Indonesia 16.3.1.3. Malaysia 16.3.1.4. Thailand 16.3.1.5. Rest of South Asia 16.3.2. By Product Type 16.3.3. By Sales Channel 16.3.4. By Vehicle Type 16.4. Market Attractiveness Analysis 16.5. Key Market Participants - Intensity Mapping 16.6. Drivers and Restraints - Impact Analysis 17. Oceania Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031 17.1. Introduction 17.2. Historical Market Size (US$ Mn) and Volume (‘000) Trend Analysis By Market Taxonomy, 2016-2020 17.3. Market Size (US$ Mn) and Volume (‘000) Forecast By Market Taxonomy2021-2031 17.3.1. By Country 17.3.1.1. Australia 17.3.1.2. New Zealand 17.3.2. By Product Type 17.3.3. By Sales Channel 17.4. Market Attractiveness Analysis 17.5. Key Market Participants - Intensity Mapping 17.6. Drivers and Restraints - Impact Analysis 18. Middle East and Africa Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031 18.1. Introduction 18.2. Historical Market Size (US$ Mn) and Volume (‘000) Trend Analysis By Market Taxonomy, 2016-2020 18.3. Market Size (US$ Mn) and Volume (‘000) Forecast By Market Taxonomy, 2021-2031 18.3.1. By Country 18.3.1.1. GCC Countries 18.3.1.2. South Africa 18.3.1.3. Northern Africa 18.3.1.4. Rest of Middle East and Africa 18.3.2. By Product Type 18.3.3. By Sales Channel 18.3.4. By Vehicle Type 18.4. Market Attractiveness Analysis 18.5. Key Market Participants - Intensity Mapping 18.6. Drivers and Restraints - Impact Analysis 19. Automotive Towbar Market Analysis 2016-2020 and Forecast 2021-2031, by Key Countries 19.1. Introduction 19.1.1. Market Value (US$ Mn) and Volume (‘000) Proportion Analysis, By Key Countries 19.1.2. Global Vs. Country Growth Comparison 19.2. United States Automotive Towbar Market Analysis 19.2.1. By Product Type 19.2.2. By Sales Channel 19.2.3. By Vehicle Type 19.3. Canada Automotive Towbar Market Analysis 19.3.1. By Product Type 19.3.2. By Sales Channel 19.3.3. By Vehicle Type 19.4. Brazil Automotive Towbar Market Analysis 19.4.1. By Product Type 19.4.2. By Sales Channel 19.4.3. By Vehicle Type 19.5. Mexico Automotive Towbar Market Analysis 19.5.1. By Product Type 19.5.2. By Sales Channel 19.5.3. By Vehicle Type 19.6. Germany Automotive Towbar Market Analysis 19.6.1. By Product Type 19.6.2. By Sales Channel 19.6.3. By Vehicle Type 19.7. France Automotive Towbar Market Analysis 19.7.1. By Product Type 19.7.2. By Sales Channel 19.7.3. By Vehicle Type 19.8. UK Automotive Towbar Market Analysis 19.8.1. By Product Type 19.8.2. By Sales Channel 19.8.3. By Vehicle Type 19.9. Italy Automotive Towbar Market Analysis 19.9.1. By Product Type 19.9.2. By Sales Channel 19.9.3. By Vehicle Type 19.10. Spain Automotive Towbar Market Analysis 19.10.1. By Product Type 19.10.2. By Sales Channel 19.10.3. By Vehicle Type 19.11. Benelux Automotive Towbar Market Analysis 19.11.1. By Product Type 19.11.2. By Sales Channel 19.11.3. By Vehicle Type 19.12. China Automotive Towbar Market Analysis 19.12.1. By Product Type 19.12.2. By Sales Channel 19.12.3. By Vehicle Type 19.13. Japan Automotive Towbar Market Analysis 19.13.1. By Product Type 19.13.2. By Sales Channel 19.13.3. By Vehicle Type 19.14. South Korea Automotive Towbar Market Analysis 19.14.1. By Product Type 19.14.2. By Sales Channel 19.14.3. By Vehicle Type 19.15. India Automotive Towbar Market Analysis 19.15.1. By Product Type 19.15.2. By Sales Channel 19.15.3. By Vehicle Type 19.16. Indonesia Automotive Towbar Market Analysis 19.16.1. By Product Type 19.16.2. By Sales Channel 19.16.3. By Vehicle Type 19.17. Malaysia Automotive Towbar Market Analysis 19.17.1. By Product Type 19.17.2. By Sales Channel 19.17.3. By Vehicle Type 19.18. Thailand Automotive Towbar Market Analysis 19.18.1. By Product Type 19.18.2. By Sales Channel 19.18.3. By Vehicle Type 19.19. Australia Automotive Towbar Market Analysis 19.19.1. By Product Type 19.19.2. By Sales Channel 19.19.3. By Vehicle Type 19.20. New Zealand Automotive Towbar Market Analysis 19.20.1. By Product Type 19.20.2. By Sales Channel 19.20.3. By Vehicle Type 19.21. GCC Countries Automotive Towbar Market Analysis 19.21.1. By Product Type 19.21.2. By Sales Channel 19.21.3. By Vehicle Type 19.22. South Africa Automotive Towbar Market Analysis 19.22.1. By Product Type 19.22.2. By Sales Channel 19.22.3. By Vehicle Type 19.23. Northern Africa Automotive Towbar Market Analysis 19.23.1. By Product Type 19.23.2. By Sales Channel 19.23.3. By Vehicle Type 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Concentration 20.3. Market Share Analysis of Top Players 20.4. Market Presence Analysis 20.4.1. By Regional footprint of Players 20.4.2. Product foot print by Players 20.4.3. Channel Foot Print by Players 21. Competition Analysis 21.1. Competition Dashboard 21.2. Pricing Analysis by Competition 21.3. Competition Benchmarking 21.4. Competition Deep Dive 21.4.1. Brink Group B.V 21.4.1.1. Overview 21.4.1.2. Product Portfolio 21.4.1.3. Sales Footprint 21.4.1.4. Strategy Overview 21.4.1.5. SWOT Analysis 21.4.2. TriMas Corporation 21.4.2.1. Overview 21.4.2.2. Product Portfolio 21.4.2.3. Sales Footprint 21.4.2.4. Strategy Overview 21.4.2.5. SWOT Analysis 21.4.3. Bosal International N.V 21.4.3.1. Overview 21.4.3.2. Product Portfolio 21.4.3.3. Sales Footprint 21.4.3.4. Strategy Overview 21.4.3.5. SWOT Analysis 21.4.4. Westfalia-Automotive GmbH 21.4.4.1. Overview 21.4.4.2. Product Portfolio 21.4.4.3. Sales Footprint 21.4.4.4. Strategy Overview 21.4.4.5. SWOT Analysis 21.4.5. Weigh Safe 21.4.5.1. Overview 21.4.5.2. Product Portfolio 21.4.5.3. Sales Footprint 21.4.5.4. Strategy Overview 21.4.5.5. SWOT Analysis 21.4.6. PCT Automotive Ltd. 21.4.6.1. Overview 21.4.6.2. Product Portfolio 21.4.6.3. Sales Footprint 21.4.6.4. Strategy Overview 21.4.6.5. SWOT Analysis 21.4.7. GDW N.V 21.4.7.1. Overview 21.4.7.2. Product Portfolio 21.4.7.3. Sales Footprint 21.4.7.4. Strategy Overview 21.4.7.5. SWOT Analysis 21.4.8. Tow-Trust Towbars 21.4.8.1. Overview 21.4.8.2. Product Portfolio 21.4.8.3. Sales Footprint 21.4.8.4. Strategy Overview 21.4.8.5. SWOT Analysis 21.4.9. Pulliam Enterprises Inc. 21.4.9.1. Overview 21.4.9.2. Product Portfolio 21.4.9.3. Sales Footprint 21.4.9.4. Strategy Overview 21.4.9.5. SWOT Analysis 21.4.10. Horizon Global 21.4.10.1. Overview 21.4.10.2. Product Portfolio 21.4.10.3. Sales Footprint 21.4.10.4. Strategy Overview 21.4.10.5. SWOT Analysis 21.4.11. Curt Manufacturing LLC 21.4.11.1. Overview 21.4.11.2. Product Portfolio 21.4.11.3. Sales Footprint 21.4.11.4. Strategy Overview 21.4.11.5. SWOT Analysis 21.4.12. Other Prominent Players 21.4.12.1. Overview 21.4.12.2. Product Portfolio 21.4.12.3. Sales Footprint 21.4.12.4. Strategy Overview 21.4.12.5. SWOT Analysis 22. Assumptions and Acronyms Used 23. Research Methodology
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List Of Table
Table 01: Global Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2020
Table 02: Global Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021- 2031
Table 03: Global Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016- 2020
Table 04: Global Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021- 2031
Table 05: Global Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016- 2020
Table 06: Global Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021- 2031
Table 05: Global Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Region, 2016- 2020
Table 06: Global Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Region, 2021- 2031
Table 07: North America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2020
Table 08: North America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021- 2031
Table 09: North America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016- 2020
Table 10: North America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021- 2031
Table 11: North America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016- 2020
Table 12: North America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021- 2031
Table 13: North America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016- 2020
Table 14: North America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021- 2031
Table 15: Latin America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2020
Table 16: Latin America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021- 2031
Table 17: Latin America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016- 2020
Table 18: Latin America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021- 2031
Table 19: Latin America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016- 2020
Table 20: Latin America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021- 2031
Table 21: Latin America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016- 2020
Table 22: Latin America Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021- 2031
Table 23: Europe Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2020
Table 24: Europe Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021- 2031
Table 25: Europe Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016- 2020
Table 26: Europe Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021- 2031
Table 27: Europe Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016- 2020
Table 28: Europe Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021- 2031
Table 29: Europe Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016- 2020
Table 30: Europe Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021- 2031
Table 31: East Asia Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2020
Table 32: East Asia Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021- 2031
Table 33: East Asia Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016- 2020
Table 34: East Asia Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021- 2031
Table 35: East Asia Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016- 2020
Table 36: East Asia Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021- 2031
Table 36: East Asia Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016- 2020
Table 37: East Asia Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021- 2031
Table 38: South Asia & Oceania Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2020
Table 39: South Asia & Oceania Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021- 2031
Table 40: South Asia & Oceania Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016- 2020
Table 41: South Asia & Oceania Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021- 2031
Table 42: South Asia & Oceania Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016- 2020
Table 43: South Asia & Oceania Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021- 2031
Table 44: South Asia & Oceania Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016- 2020
Table 45: South Asia & Oceania Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021- 2031
Table 46: MEA Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2020
Table 47: MEA Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2021- 2031
Table 48: MEA Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2016- 2020
Table 49: MEA Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Sales Channel, 2021- 2031
Table 50: MEA Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2016- 2020
Table 51: MEA Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Vehicle Type, 2021- 2031
Table 52: MEA Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2016- 2020
Table 53: MEA Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Country, 2021- 2031
Table 54: U.S Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 55: Canada Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 56: Brazil Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 57: Mexico Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 58: Spian Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 59: Russia Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 60: Germany Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 61: France Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 62: China Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 63: Japan Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
Table 64: India Automotive Towbars Market Value (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2016- 2031
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List Of Figures
Figure 01: Global Automotive Towbar Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 02: Global Automotive Towbar Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 03: Global Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016-2020
Figure 04: Global Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021-2031
Figure 05: Global Automotive Towbar Market Value Y-o-Y Growth and Forecast, 2017-2031
Figure 06: Global Automotive Towbar Market Incremental $ Opportunity, 2020-2031
Figure 07: Global Automotive Towbar Market Share and Analysis by Product Type– 2021 & 2031
Figure 08: Global Automotive Towbar Market Y-o-Y Growth Projections by Product Type, 2020-2031
Figure 09: Global Automotive Towbar Market Attractiveness Analysis by Product Type, 2021-2031
Figure 10 Global Automotive Towbar Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 11: Global Automotive Towbar Market Y-o-Y Growth Projections by Sales Channel, 2020-2031
Figure 12: Global Automotive Towbar Market Attractiveness Analysis by Sales Channel, 2021-2031
Figure 13: Global Automotive Towbar Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 14: Global Automotive Towbar Market Y-o-Y Growth Projections by Vehicle Type, 2020-2031
Figure 15: Global Automotive Towbar Market Attractiveness Analysis by Vehicle Type, 2021-2031
Figure 16: Global Automotive Towbar Market Share and Analysis by Region– 2021 & 2031
Figure 17: Global Automotive Towbar Market Y-o-Y Growth Projections by Region, 2020-2031
Figure 18: Global Automotive Towbar Market Attractiveness Analysis by Region, 2021-2031
Figure 19: North America Automotive Towbar Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 20: North America Automotive Towbar Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 21: North America Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016-2020
Figure 22: North America Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021-2031
Figure 23: North America Automotive Towbar Market Value Y-o-Y Growth and Forecast, 2017-2031
Figure 24: North America Automotive Towbar Market Incremental $ Opportunity, 2020-2031
Figure 25: North America Automotive Towbar Market Share and Analysis by Product Type– 2021 & 2031
Figure 26: North America Automotive Towbar Market Y-o-Y Growth Projections by Product Type, 2020-2031
Figure 27: North America Automotive Towbar Market Attractiveness Analysis by Product Type, 2021-2031
Figure 28: North America Automotive Towbar Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 29: North America Automotive Towbar Market Y-o-Y Growth Projections by Sales Channel, 2020-2031
Figure 30: North America Automotive Towbar Market Attractiveness Analysis by Sales Channel, 2021-2031
Figure 31: North America Automotive Towbar Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 32: North America Automotive Towbar Market Y-o-Y Growth Projections by Vehicle Type, 2020-2031
Figure 33: North America Automotive Towbar Market Attractiveness Analysis by Vehicle Type, 2021-2031
Figure 34: North America Automotive Towbar Market Share and Analysis by Region– 2021 & 2031
Figure 35: North America Automotive Towbar Market Y-o-Y Growth Projections by Region, 2020-2031
Figure 36: North America Automotive Towbar Market Attractiveness Analysis by Region, 2021-2031
Figure 37: Latin America Automotive Towbar Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 38: Latin America Automotive Towbar Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 39: Latin America Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016-2020
Figure 40: Latin America Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021-2031
Figure 41: Latin America Automotive Towbar Market Value Y-o-Y Growth and Forecast, 2017-2031
Figure 42: Latin America Automotive Towbar Market Incremental $ Opportunity, 2020-2031
Figure 43: Latin America Automotive Towbar Market Share and Analysis by Product Type– 2021 & 2031
Figure 44: Latin America Automotive Towbar Market Y-o-Y Growth Projections by Product Type, 2020-2031
Figure 45: Latin America Automotive Towbar Market Attractiveness Analysis by Product Type, 2021-2031
Figure 46: Latin America Automotive Towbar Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 47: Latin America Automotive Towbar Market Y-o-Y Growth Projections by Sales Channel, 2020-2031
Figure 48: Latin America Automotive Towbar Market Attractiveness Analysis by Sales Channel, 2021-2031
Figure 49: Latin America Automotive Towbar Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 50: Latin America Automotive Towbar Market Y-o-Y Growth Projections by Vehicle Type, 2020-2031
Figure 51: Latin America Automotive Towbar Market Attractiveness Analysis by Vehicle Type, 2021-2031
Figure 52: Latin America Automotive Towbar Market Share and Analysis by Region– 2021 & 2031
Figure 53: Latin America Automotive Towbar Market Y-o-Y Growth Projections by Region, 2020-2031
Figure 54: Latin America Automotive Towbar Market Attractiveness Analysis by Region, 2021-2031
Figure 55: Europe Automotive Towbar Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 56: Europe Automotive Towbar Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 57: Europe Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016-2020
Figure 58: Europe Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021-2031
Figure 59: Europe Automotive Towbar Market Value Y-o-Y Growth and Forecast, 2017-2031
Figure 60: Europe Automotive Towbar Market Incremental $ Opportunity, 2020-2031
Figure 61: Europe Automotive Towbar Market Share and Analysis by Product Type– 2021 & 2031
Figure 62: Europe Automotive Towbar Market Y-o-Y Growth Projections by Product Type, 2020-2031
Figure 63: Europe Automotive Towbar Market Attractiveness Analysis by Product Type, 2021-2031
Figure 64: Europe Automotive Towbar Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 65: Europe Automotive Towbar Market Y-o-Y Growth Projections by Sales Channel, 2020-2031
Figure 66: Europe Automotive Towbar Market Attractiveness Analysis by Sales Channel, 2021-2031
Figure 67: Europe Automotive Towbar Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 68: Europe Automotive Towbar Market Y-o-Y Growth Projections by Vehicle Type, 2020-2031
Figure 69: Europe Automotive Towbar Market Attractiveness Analysis by Vehicle Type, 2021-2031
Figure 70: Europe Automotive Towbar Market Share and Analysis by Region– 2021 & 2031
Figure 71: Europe Automotive Towbar Market Y-o-Y Growth Projections by Region, 2020-2031
Figure 72: Europe Automotive Towbar Market Attractiveness Analysis by Region, 2021-2031
Figure 73: East Asia Automotive Towbar Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 74: East Asia Automotive Towbar Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 75: East Asia Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016-2020
Figure 76: East Asia Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021-2031
Figure 77: East Asia Automotive Towbar Market Value Y-o-Y Growth and Forecast, 2017-2031
Figure 78: East Asia Automotive Towbar Market Incremental $ Opportunity, 2020-2031
Figure 79: East Asia Automotive Towbar Market Share and Analysis by Product Type– 2021 & 2031
Figure 80: East Asia Automotive Towbar Market Y-o-Y Growth Projections by Product Type, 2020-2031
Figure 81: East Asia Automotive Towbar Market Attractiveness Analysis by Product Type, 2021-2031
Figure 82: East Asia Automotive Towbar Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 83: East Asia Automotive Towbar Market Y-o-Y Growth Projections by Sales Channel, 2020-2031
Figure 84: East Asia Automotive Towbar Market Attractiveness Analysis by Sales Channel, 2021-2031
Figure 85: East Asia Automotive Towbar Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 86: East Asia Automotive Towbar Market Y-o-Y Growth Projections by Vehicle Type, 2020-2031
Figure 87: East Asia Automotive Towbar Market Attractiveness Analysis by Vehicle Type, 2021-2031
Figure 88: East Asia Automotive Towbar Market Share and Analysis by Region– 2021 & 2031
Figure 89: East Asia Automotive Towbar Market Y-o-Y Growth Projections by Region, 2020-2031
Figure 90: East Asia Automotive Towbar Market Attractiveness Analysis by Region, 2021-2031
Figure 91: South Asia & Oceania Automotive Towbar Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 92: South Asia & Oceania Automotive Towbar Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 93: South Asia & Oceania Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016-2020
Figure 94: South Asia & Oceania Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021-2031
Figure 95: South Asia & Oceania Automotive Towbar Market Value Y-o-Y Growth and Forecast, 2017-2031
Figure 96: South Asia & Oceania Automotive Towbar Market Incremental $ Opportunity, 2020-2031
Figure 97: South Asia & Oceania Automotive Towbar Market Share and Analysis by Product Type– 2021 & 2031
Figure 98: South Asia & Oceania Automotive Towbar Market Y-o-Y Growth Projections by Product Type, 2020-2031
Figure 99: South Asia & Oceania Automotive Towbar Market Attractiveness Analysis by Product Type, 2021-2031
Figure 100: South Asia & Oceania Automotive Towbar Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 101: South Asia & Oceania Automotive Towbar Market Y-o-Y Growth Projections by Sales Channel, 2020-2031
Figure 102: South Asia & Oceania Automotive Towbar Market Attractiveness Analysis by Sales Channel, 2021-2031
Figure 103: South Asia & Oceania Automotive Towbar Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 104: South Asia & Oceania Automotive Towbar Market Y-o-Y Growth Projections by Vehicle Type, 2020-2031
Figure 105: South Asia & Oceania Automotive Towbar Market Attractiveness Analysis by Vehicle Type, 2021-2031
Figure 106: South Asia & Oceania Automotive Towbar Market Share and Analysis by Region– 2021 & 2031
Figure 107: South Asia & Oceania Automotive Towbar Market Y-o-Y Growth Projections by Region, 2020-2031
Figure 108: South Asia & Oceania Automotive Towbar Market Attractiveness Analysis by Region, 2021-2031
Figure 109: MEA Automotive Towbar Market Volume ('000 units) and Value (US$ Mn) Analysis, 2016, 2021 and 2031
Figure 110: MEA Automotive Towbar Market Value (US$ Mn) Scenario Forecast, 2021 & 2031
Figure 111: MEA Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2016-2020
Figure 112: MEA Automotive Towbar Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2021-2031
Figure 113: MEA Automotive Towbar Market Value Y-o-Y Growth and Forecast, 2017-2031
Figure 114: MEA Automotive Towbar Market Incremental $ Opportunity, 2020-2031
Figure 115: MEA Automotive Towbar Market Share and Analysis by Product Type– 2021 & 2031
Figure 116: MEA Automotive Towbar Market Y-o-Y Growth Projections by Product Type, 2020-2031
Figure 117: MEA Automotive Towbar Market Attractiveness Analysis by Product Type, 2021-2031
Figure 118: MEA Automotive Towbar Market Share and Analysis by Sales Channel– 2021 & 2031
Figure 119: MEA Automotive Towbar Market Y-o-Y Growth Projections by Sales Channel, 2020-2031
Figure 120: MEA Automotive Towbar Market Attractiveness Analysis by Sales Channel, 2021-2031
Figure 121: MEA Automotive Towbar Market Share and Analysis by Vehicle Type– 2021 & 2031
Figure 122: MEA Automotive Towbar Market Y-o-Y Growth Projections by Vehicle Type, 2020-2031
Figure 123: MEA Automotive Towbar Market Attractiveness Analysis by Vehicle Type, 2021-2031
Figure 124: MEA Automotive Towbar Market Share and Analysis by Region– 2021 & 2031
Figure 125: MEA Automotive Towbar Market Y-o-Y Growth Projections by Region, 2020-2031
Figure 126: MEA Automotive Towbar Market Attractiveness Analysis by Region, 2021-2031
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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