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Automotive Towbar Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: September, 2022
No of Pages: 153
Delivery Format: PDF + Excel

$2,950.00

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.

Automotive Towbar Market Report Scope and Segmentation

ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2017-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

Market Scope and Structure Analysis

Report MetricDetails
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 CoveredNorth 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 CoveredHorizon 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

SegmentSub-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

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS

1.1.1 GLOBAL AUTOMOTIVE Automotive Tow Bar Market, BY TYPE

1.1.2 GLOBAL AUTOMOTIVE Automotive Tow Bar Market, BY VEHICLE TYPE

1.1.3 GLOBAL AUTOMOTIVE Automotive Tow Bar Market, BY SALES CHANNEL

1.1.4 GLOBAL AUTOMOTIVE Automotive Tow Bar Market, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 TOP-DOWN AND BOTTOM-UP APPROACH

3.6 FORECAST MODEL

3.7 LIST OF ASSUMPTIONS

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 INTRODUCTION

5.2 DRIVERS

5.2.1 INCREASE IN AUTOMOBILE PRODUCTION

5.2.2 GROWING AUTOMOTIVE AFTERMARKET

5.2.3 DRIVERS IMPACT ANALYSIS

5.3 RESTRAINT

5.3.1 GROWING TOW BAR RENTALS

5.3.2 CHALLENGES WITH RUST CONTROL

5.3.3 RESTRAINT IMPACT ANALYSIS

5.4 OPPORTUNITY

5.4.1 LEVERAGING THE REACH OF ONLINE CHANNELS

5.5 COVID-19 IMPACT ANALYSIS

5.5.1 ECONOMIC IMPACT ON AUTOMOTIVE INDUSTRY

5.5.2 IMPACT ON AUTOMOTIVE PRODUCTION

5.5.2.1 FORD

5.5.2.2 AMERICAN HONDA

5.5.2.3 FCA

5.5.2.4 KIA

5.5.2.5 VOLKSWAGEN

5.5.3 IMPACT ON TOW BAR INDUSTRY

5.5.3.1 IMPACT ON SUPPLY CHAIN

5.5.3.2 IMPACT ON RAW MATERIALS

5.5.3.3 CASH FLOW CONSTRAINTS

5.5.4 IMPACT ON WORLD TRADE

6 MARKET FACTOR ANALYSIS

6.1 PORTER’S FIVE FORCES MODEL

6.1.1 THREAT OF NEW ENTRANTS

6.1.2 BARGAINING POWER OF SUPPLIERS

6.1.3 THREAT OF SUBSTITUTES

6.1.4 BARGAINING POWER OF BUYERS

6.1.5 INTENSITY OF RIVALRY

6.2 SUPPLY CHAIN ANALYSIS

6.2.1 DESIGN AND DEVELOPMENT

6.2.2 RAW MATERIAL SUPPLY

6.2.3 MANUFACTURE/ASSEMBLY

6.2.4 DISTRIBUTION

6.2.5 END USE

7 GLOBAL Automotive Tow Bar Market, BY TYPE

7.1 OVERVIEW

7.1.1 FIXED

7.1.2 DETACHABLE

7.1.3 SWIVELING

7.1.4 OTHERS

8 GLOBAL Automotive Tow Bar Market, BY VEHICLE TYPE

8.1 OVERVIEW

8.1.1 PASSENGER CARS

8.1.2 LCV

8.1.3 HCV

9 GLOBAL Automotive Tow Bar Market, BY SALES CHANNEL

9.1 OVERVIEW

9.1.1 OEM

9.1.2 AFTERMARKET

10 GLOBAL Automotive Tow Bar Market, BY REGION

10.1 OVERVIEW

10.1.1 GLOBAL Automotive Tow Bar Market, BY REGION, 2020-2027

10.2 EUROPE

10.2.1 EUROPE: Automotive Tow Bar Market, BY COUNTRY, 2020-2027

10.2.2 EUROPE: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.2.3 EUROPE: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.2.4 EUROPE: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.2.5 GERMANY

10.2.5.1 GERMANY: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.2.5.2 GERMANY: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.2.5.3 GERMANY: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.2.6 UK

10.2.6.1 UK: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.2.6.2 UK: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.2.6.3 UK: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.2.7 FRANCE

10.2.7.1 FRANCE: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.2.7.2 FRANCE: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.2.7.3 FRANCE: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.2.8 ITALY

10.2.8.1 ITALY: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.2.8.2 ITALY: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.2.8.3 ITALY: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.2.9 REST OF EUROPE

10.2.9.1 REST OF EUROPE: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.2.9.2 REST OF EUROPE: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.2.9.3 REST OF EUROPE: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.3 ASIA-PACIFIC

10.3.1 ASIA-PACIFIC: Automotive Tow Bar Market, BY COUNTRY, 2020-2027

10.3.2 ASIA-PACIFIC: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.3.3 ASIA-PACIFIC: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.3.4 ASIA-PACIFIC: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.3.5 CHINA

10.3.5.1 CHINA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.3.5.2 CHINA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.3.5.3 CHINA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.3.6 JAPAN

10.3.6.1 JAPAN: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.3.6.2 JAPAN: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.3.6.3 JAPAN: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.3.7 INDIA

10.3.7.1 INDIA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.3.7.2 INDIA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.3.7.3 INDIA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.3.8 REST OF ASIA-PACIFIC

10.3.8.1 REST OF ASIA-PACIFIC: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.3.8.2 REST OF ASIA-PACIFIC: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.3.8.3 REST OF ASIA-PACIFIC: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.4 NORTH AMERICA

10.4.1.1 NORTH AMERICA: Automotive Tow Bar Market, BY COUNTRY, 2020-2027

10.4.1.2 NORTH AMERICA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.4.1.3 NORTH AMERICA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.4.1.4 NORTH AMERICA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.4.2 US

10.4.2.1 US: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.4.2.2 US: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.4.2.3 US: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.4.3 CANADA

10.4.3.1 CANADA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.4.3.2 CANADA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.4.3.3 CANADA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.4.4 MEXICO

10.4.4.1 MEXICO: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.4.4.2 MEXICO: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.4.4.3 MEXICO: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.5 SOUTH AMERICA

10.5.1 SOUTH AMERICA: Automotive Tow Bar Market, BY COUNTRY, 2020-2027

10.5.2 SOUTH AMERICA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.5.3 SOUTH AMERICA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.5.4 SOUTH AMERICA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.5.5 BRAZIL

10.5.5.1 BRAZIL: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.5.5.2 BRAZIL: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.5.5.3 BRAZIL: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.5.6 ARGENTINA

10.5.6.1 ARGENTINA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.5.6.2 ARGENTINA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.5.6.3 ARGENTINA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.5.7 REST OF SOUTH AMERICA

10.5.7.1 REST OF SOUTH AMERICA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.5.7.2 REST OF SOUTH AMERICA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.5.7.3 REST OF SOUTH AMERICA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.6 MIDDLE EAST & AFRICA

10.6.1 MIDDLE EAST & AFRICA: Automotive Tow Bar Market, BY COUNTRY, 2020-2027

10.6.2 MIDDLE EAST & AFRICA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.6.3 MIDDLE EAST & AFRICA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.6.4 MIDDLE EAST & AFRICA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.6.5 TURKEY

10.6.5.1 TURKEY: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.6.5.2 TURKEY: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.6.5.3 TURKEY: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.6.6 GCC

10.6.6.1 GCC: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.6.6.2 GCC: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.6.6.3 GCC: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.6.7 SOUTH AFRICA

10.6.7.1 SOUTH AFRICA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.6.7.2 SOUTH AFRICA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.6.7.3 SOUTH AFRICA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

10.6.8 REST OF MIDDLE EAST & AFRICA

10.6.8.1 REST OF MIDDLE EAST & AFRICA: Automotive Tow Bar Market, BY TYPE, 2020-2027

10.6.8.2 REST OF MIDDLE EAST & AFRICA: Automotive Tow Bar Market, BY VEHICLE TYPE, 2020-2027

10.6.8.3 REST OF MIDDLE EAST & AFRICA: Automotive Tow Bar Market, BY SALES CHANNEL, 2020-2027

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE OVERVIEW

11.2 COMPETITIVE BENCHMARKING

11.3 MARKET SHARE ANALYSIS

11.4 KEY DEVELOPMENTS IN THE GLOBAL AUTOMOTIVE Automotive Tow Bar Market

11.4.1 KEY DEVELOPMENTS: MERGERS & ACQUISITIONS

11.4.2 KEY DEVELOPMENTS: EXPANSION

11.4.3 KEY DEVELOPMENTS: PRODUCT DEVELOPMENTS

11.5 LIST OF MAJOR OEMS AND THEIR RESPECTIVE TOW BAR TYPE

12 COMPANY PROFILES

12.1 TRIMAS CORPORATION

12.1.1 COMPANY OVERVIEW

12.1.2 FINANCIAL OVERVIEW

12.1.3 PRODUCTS/SERVICES OFFERED

12.1.4 KEY DEVELOPMENTS

12.1.5 SWOT ANALYSIS

12.1.6 KEY STRATEGIES

12.2 HORIZON GLOBAL CORPORATION

12.2.1 COMPANY OVERVIEW

12.2.2 FINANCIAL OVERVIEW

12.2.3 PRODUCTS/SERVICES OFFERED

12.2.4 KEY DEVELOPMENTS

12.2.5 SWOT ANALYSIS

12.2.6 KEY STRATEGIES

12.3 ACPS AUTOMOTIVE GMBH

12.3.1 COMPANY OVERVIEW

12.3.2 FINANCIAL OVERVIEW

12.3.3 PRODUCTS/SERVICES OFFERED

12.3.4 KEY DEVELOPMENTS

12.3.5 SWOT ANALYSIS

12.3.6 KEY STRATEGIES

12.4 BRINK GROUP B.V.

12.4.1 COMPANY OVERVIEW

12.4.2 FINANCIAL OVERVIEW

12.4.3 PRODUCTS/SERVICES OFFERED

12.4.4 KEY DEVELOPMENTS

12.4.5 SWOT ANALYSIS

12.4.6 KEY STRATEGIES

12.5 HAYMAN REESE

12.5.1 COMPANY OVERVIEW

12.5.2 FINANCIAL OVERVIEW

12.5.3 PRODUCTS/SERVICES OFFERED

12.5.4 KEY DEVELOPMENTS

12.5.5 SWOT ANALYSIS

12.5.6 KEY STRATEGIES

12.6 CURT MANUFACTURING LLC

12.6.1 COMPANY OVERVIEW

12.6.2 FINANCIAL OVERVIEW

12.6.3 PRODUCTS/SERVICES OFFERED

12.6.4 KEY DEVELOPMENTS

12.6.5 SWOT ANALYSIS

12.6.6 KEY STRATEGIES

12.7 DAVID MURPHY TOWING

12.7.1 COMPANY OVERVIEW

12.7.2 FINANCIAL OVERVIEW

12.7.3 PRODUCTS OFFERED

12.7.4 KEY DEVELOPMENTS

12.8 MCCABE TOWBARS

12.8.1 COMPANY OVERVIEW

12.8.2 FINANCIAL OVERVIEW

12.8.3 PRODUCTS/SERVICES OFFERED

12.8.4 KEY DEVELOPMENTS

12.9 NORTH SHORE TOWBARS

12.9.1 COMPANY OVERVIEW

12.9.2 FINANCIAL OVERVIEW

12.9.3 PRODUCTS OFFERED

12.9.4 KEY DEVELOPMENTS

12.10 PCT AUTOMOTIVE LIMITED

12.10.1 COMPANY OVERVIEW

12.10.2 FINANCIAL OVERVIEW

12.10.3 PRODUCTS/SERVICES OFFERED

12.10.4 KEY DEVELOPMENTS

SegmentSub-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
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).

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