Report Code: A07887 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Vehicle Trailer Hitch Market
Request Now !Vehicle trailer hitch is a device that is attached to the nose gear of an aircraft and chassis of the vehicle for towing. Tow hitch is a useful addition to all vehicles, aircraft, and boats. In addition, it is used for hauling trailers behind any vehicle where one can accommodate additional accessories for carrying and load capacity. The main purpose of a tow hitch or trailer hitch is to hook up a trailer to a vehicle. The vehicle is benefited from traction and towing technologies such as tow assist, terrain response, and progress control for all terrains. Â It is often used for large or heavy vehicles where the movement is allowed by the slack in the pivot pin. Therefore, the growing automobile industry spursthe growth of the vehicle trailer hitch market over the forecast period.
COVID-19 scenario analysis:
Increase in use of trailer for marine and usage of automotive trailer are expected to drive the vehicle trailer hitch market. Moreover, extreme weather conditions and customization leading to high failure of the process from an unorganized market restrain the growth of the market. Furthermore, increase in the effectiveness of tow mechanism, for example, instant stopping scenario in electric brakes provides lucrative opportunities to drive the growth of the vehicle trailer hitch market.
The vehicle trailer hitch market trends are as follows:
The use of trailers has been increasing in many different aspects from transporting goods to ammunition and heavy tanks used by marines and army. There has been a sudden increase in the number of trailers owned by the marine andarmy. Therefore, the demand for trailers and vehicle trailer hitch is estimated to rapidly increaseover the forecast period.
The use of automotive trailers has been continuously increasing as they have large cargo capacity regardless of the size of the trailer. With increase in size and capacity, every inch of space from floor to ceiling can be utilized. In addition, it serves as an affordable option compared to renting or leasing a truck. Therefore, these advantages are expected to boost the vehicle trailer hitch market.
Key benefits of the report:
Questions answered in the vehicle trailer hitch market research report:
Vehicle Trailer Hitch Market Report Highlights
Aspects | Details |
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By Class |
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By Configuration |
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By Application |
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By Sales Channel |
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By Region |
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Key Market Players | AL-KO., BOSAL, Horizon Global Corporation, Tekonsha, GDW Group, B&W Trailer Hitches, Brink Group, MVG, Tow-Trust Towbars Ltd, CURT Manufacturing LLC |
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