Allied Market Research
Loading...
0
Allied Market Research

Automotive Tow Bars Market by Type (Fixed, Foldable, Detachable, Flange, Swan Neck, and Others), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast 2021-2030

A11732
Pages: NA
Aug 2021 | 152 Views
   
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Automotive Tow Bars Market

Request Now !

Automotive Tow Bars Market Outlook 2030 -

Global automotive tow bar market is expected to grow significantly in next few years. A tow bar is an external device attached to chassis of a vehicle so that it can be towed by another vehicle. A tow bar is specifically designed to optimize proper load distribution and swiveling of towed vehicle. Rise in graph of recreational vehicles and participation in adventure tourism and off-roading leisure activities are major factors that contribute toward the market growth for automotive tow bars market. Tow bars are mainly available in five different types in the global market, among which foldable tow bar holds largest share in sales due to convenience and compactness. Most vehicles contain OE standard fitted tow bars and hence, the original equipment manufacturers (OEMs) segment holds leading share in the market. Tow Bar is easily available and can be installed in the aftermarket. Furthermore, rise in demand for vehicle accessories and advent of e-commerce propels sales of tow bar.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Tow bar type, Vehicle type, Sales channel, and Region

  Regions Covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

  Companies Covered

Horizon Global Corporation (US), CURT Manufacturing LLC (US), B & W Trailer Hitches (US), BOSAL (Belgium), MVG (Germany), AL-KO (Sawiko) (Germany), Brink Group (Netherlands), Tow-Trust Towbars Ltd (UK), GDW Group (Belgium).

 

COVID-19 Impact analysis

The COVID-19 outbreak has hit manufacturing and sales of automotive tow bar badly. Manufacturers are investing in new product developments and diversification of facilities to sustain operations. The automotive components industry was hugely impacted by sudden coronavirus outbreak. Supply chain and manufacturing teams have been put under substantial pressure to keep up with the demand. Disruption of supplies and falling sales of automobiles are negatively impacting the automotive tow bar market during the pandemic. However, significant recovery is expected in upcoming years, owing to increase in disposable income and demand for vehicles.

Top Impacting Factors

  • Government rules, such as regulation (EU) No 1005/2010 in Europe, require all motor vehicles to have towing devices such as tow bars Adoption of such regulations in developing and developed countries is expected to drive the global automotive tow bar market.
  • Rise in roadside assistance services across the globe act as a lucrative opportunity for the global automotive tow bar market.
  • However, the coronavirus pandemic has led to a deadly blow to industries globally. Original equipment manufacturers (OEMs) have also halted their production, which has further decreased demand for automotive tow bars market.
  • Rise in disposable income and user demand for off-road and touring activities is prospected to boost demand for tow bars globally.

Market Trends

Cost friendly aftermarket tow bars to boost the demand

The global automotive industry is in good shape than it was from last five years, especially in the US, where profits and sales have regaining following the recent economic crisis, and in China, where growth remains strong. This progress is expected to continue. It was prospected that the global profits for automotive OEMs will rise by almost 50 %with increase in Chinese landscape. Global automotive tow bar market in the same aspect is growing steadily. But some restraints like diverging market and complexity and cost-efficient nature of automotive tow bar market are hampering growth areas. Diverging market is forcing OEMs to adapt changing regional and segment patterns of supply and demand with respect to their production and supply base footprints, supply chains, and product portfolios. Shifting industry landscape from European OEMs to China’s cost friendly aftermarket is also acting as an obstacle for sales of high-quality tow bars.

Fierce competition among players

Global automotive tow bars market is experiencing high competition in the presence of several local and international players. Bosal International N.V.,Weigh Safe, Brink Group B.V, Westfalia-Automotive GmbH, PCT Automotive Ltd, and Tow-Trust Towbar are leading market holders with good market size. Manufacturers are creating different strategies such as portfolio expansion, product diversification, new product development, and launch to increase their market penetration and presence. Companies are entering into strategic partnerships, collaborations, mergers, and acquisitions to boost demand for the global automotive tow bars market.

Key Segments Covered

Segment

Sub-segment

  By Tow Bar Type:

  • Fixed
  • Foldable
  • Detachable
  • Flange
  • Swan Neck
  • Others

  By Vehicle Type

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

 

  By Sales Channel

 

  • OEM
  • Aftermarket

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

 

Key benefits of the report:

  • This study presents the analytical depiction of the automotive tow bar industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive tow bar market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the automotive tow bar market growth scenario.
  • The report provides a detailed clutch disk market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automotive tow bar market research report:

  • Which are the leading market players active in the automotive tow bar market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automotive tow bar market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285,
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

RELATED TAGS

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Automotive Tow Bars Market

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,995  $8,996
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers