Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Towing Equipment Market by Type (Belt Towing Equipment, Crawler Towing Equipment), By Application (Architecture, Transport, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Towing Equipment Market by Type (Belt Towing Equipment, Crawler Towing Equipment), By Application (Architecture, Transport, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 133674 3300 Machinery & Equipment 377 249 Pages 5 (49)

Market Overview:

The global towing equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The belt tow equipment segment is expected to dominate the market in terms of revenue share, followed by crawler tow equipment, during the forecast period. The architecture segment is projected to be the fastest-growing application segment in terms of revenue growth during the forecast period. North America accounted for majority share of global towed vehicles market in 2017 and it is projected that this region will continue its dominance throughout the forecast period owing to presence of developed countries such as U.S., Canada and Mexico coupled with increasing demand for transportation services across these countries.

Global Towing Equipment Industry Outlook

Product Definition:

Towing equipment is used to tow a trailer or another vehicle. The importance of towing equipment varies depending on the situation. In some cases, it may be necessary for safety reasons, while in others it may be simply for convenience.

Belt Towing Equipment:

Belt Towing Equipment is used to connect a tow vehicle to an object such as a truck, trailer or car. It consists of two heavy-duty chains with hooks at the end and two sprocket wheels at the other end for connecting the chains to drive any vehicle. The belt in this equipment is made up of steel plates that are wound around a driven pulley wheel and attached to another pulley wheel by means of tension rods.

Crawler Towing Equipment:

Crawler towing equipment is used in the towing of vehicles that have become disabled on railway tracks, roadways or waterways. The crawler consists of a hydraulic arm and chain attached to a tow bar. It is lowered from the operator's cab and then raised towards the vehicle being towed. Once contact has been made, an alarm is given and traffic controllers direct both vehicles until the operation is completed successfully.

Application Insights:

The others application segment includes construction, mining and quarrying, agriculture and forestry. The demand for towing equipment in the agriculture sector is anticipated to witness growth owing to the increasing mechanization of agricultural activities coupled with a rise in disposable income levels among farmers across various regions. Furthermore, governments across countries are taking initiatives such as ¢â‚¬Å“Make In India¢â‚¬ which is expected to boost industry expansion over the coming years.

The transport application segment accounted for more than 40% of market share in 2017 and is projected to expand at a CAGR exceeding 5% from 2018 to 2030 due primarily heavy investments by government agencies such as BAAG (Bundesagentur für Arbeitsschutz und Gesundheitsschutz) along with other regulatory bodies into improving road safety standards resulting into higher adoption of these products among commercial vehicles especially trucks on long haul routes.

Regional Analysis:

The Asia Pacific dominated the global towing equipment market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction activities and growing automotive industry in countries such as China, India, Japan, South Korea and Taiwan. In addition, rising number of ports with increasing trade activities are anticipated to drive the demand for heavy machinery including tow trucks in this region.

Europe was estimated as second-largest regional market after Asia Pacific by IBEF Inc., a research firm that tracks Tow Trucks and related equipment sales worldwide. Europe is characterized by presence of prominent manufacturers such as Daimler AG; ZF Friedrichshafen AG; Autoliv Ltd.; Magna International Inc.; Bendix King GMBH & Co., KG; SsangYong Motor Company Ltd.; Setra SIF GmbH & Co.

Growth Factors:

  • Increasing demand for towing equipment from the automotive and transportation sector
  • Growing infrastructure development in emerging countries
  • Rising demand for towing equipment from the construction and mining sectors
  • Technological advancements in towing equipment products
  • Increasing awareness about safety while towing

Scope Of The Report

Report Attributes

Report Details

Report Title

Towing Equipment Market Research Report

By Type

Belt Towing Equipment, Crawler Towing Equipment

By Application

Architecture, Transport, Others

By Companies

Danco Products, Brink Group, CURT Manufacturing, Demco, Horizon Global, BA Products, ...

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Towing Equipment Market Report Segments:

The global Towing Equipment market is segmented on the basis of:


Belt Towing Equipment, Crawler Towing Equipment

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.


Architecture, Transport, 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:

  1. Danco Products
  2. Brink Group
  3. CURT Manufacturing
  4. Demco
  5. Horizon Global
  6. BA Products
  7. ...

Global Towing Equipment Market Overview

Highlights of The Towing Equipment Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Belt Towing Equipment
    2. Crawler Towing Equipment
  1. By Application:

    1. Architecture
    2. Transport
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Towing Equipment 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

Global Towing Equipment Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Towing equipment is a vehicle or machine that is used to tow another vehicle.

Some of the key players operating in the towing equipment market are Danco Products, Brink Group, CURT Manufacturing, Demco, Horizon Global, BA Products.

The towing equipment market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Towing Equipment 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. Towing Equipment Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Towing Equipment Market - Supply Chain
   4.5. Global Towing Equipment Market Forecast
      4.5.1. Towing Equipment Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Towing Equipment Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Towing Equipment Market Absolute $ Opportunity

5. Global Towing Equipment 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. Towing Equipment Market Size and Volume Forecast by Type
      5.3.1. Belt Towing Equipment
      5.3.2. Crawler Towing Equipment
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Towing Equipment 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. Towing Equipment Market Size and Volume Forecast by Application
      6.3.1. Architecture
      6.3.2. Transport
      6.3.3. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Towing Equipment 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. Towing Equipment 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 Towing Equipment 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. Towing Equipment 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 Towing Equipment Demand Share Forecast, 2019-2029

9. North America Towing Equipment 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 Towing Equipment 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 Towing Equipment Market Size and Volume Forecast by Application
      9.4.1. Architecture
      9.4.2. Transport
      9.4.3. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Towing Equipment Market Size and Volume Forecast by Type
      9.7.1. Belt Towing Equipment
      9.7.2. Crawler Towing Equipment
   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 Towing Equipment Demand Share Forecast, 2019-2029

10. Latin America Towing Equipment 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 Towing Equipment 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 Towing Equipment Market Size and Volume Forecast by Application
      10.4.1. Architecture
      10.4.2. Transport
      10.4.3. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Towing Equipment Market Size and Volume Forecast by Type
      10.7.1. Belt Towing Equipment
      10.7.2. Crawler Towing Equipment
   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 Towing Equipment Demand Share Forecast, 2019-2029

11. Europe Towing Equipment 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 Towing Equipment 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 Towing Equipment Market Size and Volume Forecast by Application
      11.4.1. Architecture
      11.4.2. Transport
      11.4.3. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Towing Equipment Market Size and Volume Forecast by Type
      11.7.1. Belt Towing Equipment
      11.7.2. Crawler Towing Equipment
   11.8. Basis Point Share (BPS) Analysis by Type
   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 Towing Equipment Demand Share, 2019-2029

12. Asia Pacific Towing Equipment 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 Towing Equipment 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 Towing Equipment Market Size and Volume Forecast by Application
      12.4.1. Architecture
      12.4.2. Transport
      12.4.3. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Towing Equipment Market Size and Volume Forecast by Type
      12.7.1. Belt Towing Equipment
      12.7.2. Crawler Towing Equipment
   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 Towing Equipment Demand Share, 2019-2029

13. Middle East & Africa Towing Equipment 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 Towing Equipment 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 Towing Equipment Market Size and Volume Forecast by Application
      13.4.1. Architecture
      13.4.2. Transport
      13.4.3. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Towing Equipment Market Size and Volume Forecast by Type
      13.7.1. Belt Towing Equipment
      13.7.2. Crawler Towing Equipment
   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 Towing Equipment Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Towing Equipment Market: Market Share Analysis
   14.2. Towing Equipment Distributors and Customers
   14.3. Towing Equipment Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Danco Products Overview Financials Developments Strategic Outlook
      14.4.2. Brink Group Overview Financials Developments Strategic Outlook
      14.4.3. CURT Manufacturing Overview Financials Developments Strategic Outlook
      14.4.4. Demco Overview Financials Developments Strategic Outlook
      14.4.5. Horizon Global Overview Financials Developments Strategic Outlook
      14.4.6. BA Products Overview Financials Developments Strategic Outlook
      14.4.7. ... Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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