Market Overview:
The global tow bars market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for recreational vehicles and the growing automotive industry. The Class I tow bar segment is projected to grow at the highest CAGR during the forecast period, owing to its low cost and easy installation. Asia Pacific is estimated to be the fastest-growing region in terms of both, value and volume, during the forecast period.
Product Definition:
A tow bar is a device that attaches to the front or rear of a vehicle, and is used to tow another vehicle. The importance of a tow bar is that it allows two vehicles to be towed together, which can be helpful when one of the vehicles needs to be moved.
Class I Tow Bar:
A class I tow bar is a device used to connect vehicles to another vehicle or object. It is also known as a Class I receiver, or sometimes class II receiver. A tow bar has two main purposes: firstly, it provides mechanical connection between the two vehicles; and secondly, it allows coupling and uncoupling of the vehicles using only one side of the link.
The global market for class I tow bars was estimated at USD 3.05 billion in 2016.
Class II Tow Bar:
A class II tow bar is a type of towing device that is used in connection with vehicles. It consists of two metal arms, which are connected by a horizontal crossbar. The vehicle being towing must have its own Class I or class II receiver Hitch mounted on the rear bumper.
Application Insights:
In 2017, cars segment held the largest share of more than 70.0% in terms of revenue and is expected to continue its dominance over the forecast period. The high share is attributed to growing automotive industry across various regions coupled with increasing disposable income levels among consumers especially in developing countries such as China, India, Brazil etc.
The SUV and ATVs segment also holds a significant market share owing to rising demand for these vehicles from domestic as well as international customers. Tow bars are mandatory equipment for all types of recreational vehicles including fifth wheels, motor homes/recreational buses, travel trailers (less than 30 feet), and cargo vans (less than 15 feet). Moreover, they are also required accessories for boats that have a trailer or semitrailer attached along with them on waterways or oceans respectively.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 5% during the forecast period. Increasing number of accidents and natural disasters are driving the demand for tow bars in North America, particularly in U.S., which is one of the major consumers and producers of automobiles and vehicles across the globe.
Asia Pacific is anticipated to be one of fastest-growing regions during the forecast period owing to increasing disposable income, rising population, rapid urbanization along with growing automotive industry especially after 2020 when China will have completed its industrial policy review and start implementing various policies such as “Made In 2025†initiative that aims at making China globally competitive manufacturing hub by 2025 where they can produce high quality products within allotted time with less resources or costs involved compared to other countries around them thus boosting product sales across all categories including tow bars among others applications from cars through recreational vehicles (RVs) vans).
Growth Factors:
- Increasing demand for towing services from automotive and transportation sector
- Rising popularity of recreational vehicles (RVs) and their growing use in tourism industry
- Proliferation of 4x4 vehicles and SUVs that need tow bars for off-road activities
- Growing awareness about the benefits of using tow bars among consumers
- Technological advancements in the design and manufacturing of tow bars that make them more efficient, durable, and safe
Scope Of The Report
Report Attributes
Report Details
Report Title
Tow Bars Market Research Report
By Type
Class I Tow Bar, Class II Tow Bar, Class III Tow Bar, Class IV Tow Bar, Class V Tow Bar
By Application
Cars, SUV and ATVs, Recreational Vehicle (RV), Vans, Boat Trailers, Others
By Companies
Horizon Global Corporation, Curt Manufacturing, B&W Trailer Hitches, BOSAL, MVG, AL-KO, Brink Group, Tow-Trust Towbars, GDW Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Tow Bars Market Report Segments:
The global Tow Bars market is segmented on the basis of:
Types
Class I Tow Bar, Class II Tow Bar, Class III Tow Bar, Class IV Tow Bar, Class V Tow Bar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cars, SUV and ATVs, Recreational Vehicle (RV), Vans, Boat Trailers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Horizon Global Corporation
- Curt Manufacturing
- B&W Trailer Hitches
- BOSAL
- MVG
- AL-KO
- Brink Group
- Tow-Trust Towbars
- GDW Group
Highlights of The Tow Bars Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Class I Tow Bar
- Class II Tow Bar
- Class III Tow Bar
- Class IV Tow Bar
- Class V Tow Bar
- By Application:
- Cars, SUV and ATVs
- Recreational Vehicle (RV)
- Vans
- Boat Trailers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tow Bars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tow bars are a type of safety equipment used on vehicles. They are metal bars that extend from the front and rear of a vehicle, and can be used to secure objects or people.
Some of the major companies in the tow bars market are Horizon Global Corporation, Curt Manufacturing, B&W Trailer Hitches, BOSAL, MVG, AL-KO, Brink Group, Tow-Trust Towbars, GDW Group.
The tow bars market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tow Bars Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tow Bars Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tow Bars Market - Supply Chain
4.5. Global Tow Bars Market Forecast
4.5.1. Tow Bars Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tow Bars Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tow Bars Market Absolute $ Opportunity
5. Global Tow Bars Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tow Bars Market Size and Volume Forecast by Type
5.3.1. Class I Tow Bar
5.3.2. Class II Tow Bar
5.3.3. Class III Tow Bar
5.3.4. Class IV Tow Bar
5.3.5. Class V Tow Bar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tow Bars Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tow Bars Market Size and Volume Forecast by Application
6.3.1. Cars, SUV and ATVs
6.3.2. Recreational Vehicle (RV)
6.3.3. Vans
6.3.4. Boat Trailers
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tow Bars Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tow Bars Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tow Bars Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tow Bars Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tow Bars Demand Share Forecast, 2019-2026
9. North America Tow Bars Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tow Bars Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tow Bars Market Size and Volume Forecast by Application
9.4.1. Cars, SUV and ATVs
9.4.2. Recreational Vehicle (RV)
9.4.3. Vans
9.4.4. Boat Trailers
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tow Bars Market Size and Volume Forecast by Type
9.7.1. Class I Tow Bar
9.7.2. Class II Tow Bar
9.7.3. Class III Tow Bar
9.7.4. Class IV Tow Bar
9.7.5. Class V Tow Bar
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tow Bars Demand Share Forecast, 2019-2026
10. Latin America Tow Bars Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tow Bars Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tow Bars Market Size and Volume Forecast by Application
10.4.1. Cars, SUV and ATVs
10.4.2. Recreational Vehicle (RV)
10.4.3. Vans
10.4.4. Boat Trailers
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tow Bars Market Size and Volume Forecast by Type
10.7.1. Class I Tow Bar
10.7.2. Class II Tow Bar
10.7.3. Class III Tow Bar
10.7.4. Class IV Tow Bar
10.7.5. Class V Tow Bar
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tow Bars Demand Share Forecast, 2019-2026
11. Europe Tow Bars Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tow Bars Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tow Bars Market Size and Volume Forecast by Application
11.4.1. Cars, SUV and ATVs
11.4.2. Recreational Vehicle (RV)
11.4.3. Vans
11.4.4. Boat Trailers
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tow Bars Market Size and Volume Forecast by Type
11.7.1. Class I Tow Bar
11.7.2. Class II Tow Bar
11.7.3. Class III Tow Bar
11.7.4. Class IV Tow Bar
11.7.5. Class V Tow Bar
11.8. Basis Point Share (BPS) Analysis by Typ
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tow Bars Demand Share, 2019-2026
12. Asia Pacific Tow Bars Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tow Bars Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tow Bars Market Size and Volume Forecast by Application
12.4.1. Cars, SUV and ATVs
12.4.2. Recreational Vehicle (RV)
12.4.3. Vans
12.4.4. Boat Trailers
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tow Bars Market Size and Volume Forecast by Type
12.7.1. Class I Tow Bar
12.7.2. Class II Tow Bar
12.7.3. Class III Tow Bar
12.7.4. Class IV Tow Bar
12.7.5. Class V Tow Bar
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tow Bars Demand Share, 2019-2026
13. Middle East & Africa Tow Bars Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tow Bars Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tow Bars Market Size and Volume Forecast by Application
13.4.1. Cars, SUV and ATVs
13.4.2. Recreational Vehicle (RV)
13.4.3. Vans
13.4.4. Boat Trailers
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tow Bars Market Size and Volume Forecast by Type
13.7.1. Class I Tow Bar
13.7.2. Class II Tow Bar
13.7.3. Class III Tow Bar
13.7.4. Class IV Tow Bar
13.7.5. Class V Tow Bar
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tow Bars Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tow Bars Market: Market Share Analysis
14.2. Tow Bars Distributors and Customers
14.3. Tow Bars Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Horizon Global Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Curt Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. B&W Trailer Hitches
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BOSAL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MVG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AL-KO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Brink Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tow-Trust Towbars
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GDW Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
