Automotive Tow Bars Market Forecast by 2030
The automotive tow bars market was valued at US$ 5,110.98 million in 2022 and is projected to reach US$ 7,318.05 million by 2030; it is expected to record a CAGR of 4.6% during 2022–2030.
Analyst Perspective:
The tow bar is used for towing a broken-down vehicle while ensuring balance to avoid a skid. The global automotive tow bars market has been segmented into five major regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. Growing popularity of adventure sports and recreational vehicles (RVs) propels the demand for automotive tow bars. The increasing sales of passenger vehicles also support the growth of the Automotive Tow Bars Market. According to the European Automobile Manufacturers’ Association, or ACEA, Europe and North America account for about 34.6% share of the total automotive cars manufactured across the world. Europe is expected to register the highest CAGR in the automotive tow bars market, followed by North America and APAC.
The demand for automotive tow bars is directly related to the sales of passenger vehicles. Thus, the growing sales of passenger cars in developed regions such as Europe and North America support the growth of the automotive tow bars market.
Mostly, caravan users choose tow bars for towing caravans. There are various types of tow bars available in the market to carry a wide variety of accessories, and it is highly popular in the UK. The electric tow bar is gaining popularity, which would create opportunities for the companies operating in the automotive tow bars market to gain a strong customer base in the coming years.
Market Overview:
The growing disposable income of various developing countries, high inclination toward adventure activities, and rising use of caravans and motorhomes propel the automotive tow bars market growth. The demand for automotive tow bars is likely to surge owing to the increasing trend for towable recreational vehicles. Electric tow bars can be operated by a switch. Therefore, demand for electric tow bars is anticipated to grow at a moderate pace during the forecast period due to growing preference for Sports Utility Vehicles (SUV) and off-road vehicles. Increasing investments to set up factories and expand production houses of automobile would propel the demand for passenger vehicles and commercial vehicles. Thus, these key factors are predicted to drive the automotive tow bars market growth during 2020–2027.
Furthermore, various companies in the automotive tow bars market adopt many strategies such as product development and acquisition to stay ahead of the competition. In March 2020, Curt Manufacturing introduced a new non-binding tow bar—Rambler steel tow bar. The newly launched product features an automatic locking mechanism, three stowing positions, and slide-resistant arms for better control and handling. Hence, inorganic market strategies propel the automotive tow bars market growth.
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Automotive Tow Bars Market: Strategic Insights
Market Size Value in US$ 5,110.98 million in 2022 Market Size Value by US$ 7,318.05 million by 2030 Growth rate CAGR of 4.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Automotive Tow Bars Market: Strategic Insights
| Market Size Value in | US$ 5,110.98 million in 2022 |
| Market Size Value by | US$ 7,318.05 million by 2030 |
| Growth rate | CAGR of 4.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Market Driver:
Increased Automotive Production Drives Automotive Tow Bars Market Growth
In the past few years, the increase in automotive production, particularly in the advanced regions such as North America and Europe, has driven the growth of the automotive tow bars market. The tow bar for automobiles is available as a standard filament or as an additional feature with most premium passenger car models launched by automotive giants such as Audi, Range Rover, BMW, and Ford Motor Company. The rapid growth of automotive production in advanced economies across the world bolsters the demand for tow bars in the automotive sector. Electric vehicles and hybrid electric vehicles are gaining traction in the market. Sustainable development and subsequent demand for green cars have led to the emergence of electric vehicles and other renewable energy sources, including solar, wind, and biofuels. Moreover, the use of these vehicles is encouraged by several government initiatives such as the payment of incentives and tax benefits to green vehicle adopters. Thus, the rapidly increasing adoption rates of electric and hybrid vehicles drive the automotive tow bars market growth.
Segmental Analysis:
Based on product, the automotive tow bars market is segmented into retractable tow bars, fixed tow bars, detachable tow bars, and Others.
A retractable tow bar is a slim, swan neck shaped tow bar, which can spin beneath the bumper. The retractable tow bar is easy to retract or extend as needed; in the retracted position, the tow bar is completely concealed. The tow ball and tow bar neck for the retractable product are all in one piece, and one can effortlessly rotate it by hand in seconds, where it will be placed in the space between the rear panel and bumper of the vehicle. This tow bar provides convenience and ease of use. It can easily be folded; it is user-friendly and ready to use in seconds. It works electrically or through a conveniently positioned release mechanism. The retractable tow bar automatically rotates out from below the bumper and can be used immediately. Retractable tow bars offer a discrete appearance; their added complexity might potentially cause issues in the future. However, proper maintenance and servicing would mitigate any potential reliability issues. Further, the growing number of passenger cars and commercial vehicles in several potential regions is likely to boost the demand for retractable tow bars during the forecast period.
Automotive Tow Bars Market Report Scope
Regional Analysis:
The automotive tow bars market share is segmented into five major regions: North America, Europe, APAC, the MEA, and SAM.
The US, Canada, and Mexico are among the major economies in North America. Technological advancements have led to a highly competitive market in North America as the increasing population attracts several technological developments due to high spending power. The region has one of the largest automotive manufacturing hubs across the world. The presence of prominent automotive manufacturers and component manufacturers is propelling the market value. The economic growth of North America has increased the sale of passenger cars and commercial vehicles. Tow bars are used by passenger cars, light commercial vehicles, and heavy commercial vehicles; they are strong enough that they do not disintegrate when they are used to pull trailers. The growing passenger car and commercial vehicle sales are raising the demand for automotive tow bars. The European Automobile Manufacturers’ Association, or ACEA, stated in 2021 that the production of passenger cars and commercial vehicles was 13.58 million units in Europe. The use of lightweight materials to design tow bars can reduce the weight of vehicles and enhance fuel efficiency, which would offer lucrative opportunities for the automotive tow bars market in the coming years. Several technological advancements in material science have resulted in a boom in the automotive tow bars market. The developments have allowed manufacturers to use polymers or metals with higher tensile strengths, which could substantially enhance the functionality of tow bar and its operational life. Major factor propelling the automotive tow bars market growth is the swift development in the manufacturing techniques of tow bars and their materials. Further, advancements in electric tow bars are anticipated to grow at a moderate speed in North America during the forecast period, owing to rising SUVs demand, which encourages manufacturers to increase the production of SUVs.
Key Player Analysis:
AutoPacific Australia Pty Ltd, Bosal Group, Brink Group, BTA Towing Equipment, CURT Manufacturing LLC, Oris, PCT Automotive Limited, Alois Kober GmbH, North Shore Tow bars, and GDW NV are among the key automotive tow bars market players operating in the market.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the global automotive tow bars market. A few recent developments by key automotive tow bars market players are listed below:
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Nov 2020 | Exhaust and touring equipment brand Bosal announced the rebuild of its towbar division to serve both the aftermarket and dealer fitment on new vehicles. |
Mar 2020 | Curt Manufacturing introduced a new non-binding towbar Rambler steel towbar. The newly launched product features with an automatic locking mechanism, three stowing positions and slide-resistant arms for better control and handling. |
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, and Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
In the past few years, the increase in automotive production, particularly in the advanced regions, including North America and Europe, has driven the growth of the automotive tow bars market. The tow bar for automobiles is available as a standard filament or as an additional feature with most premium passenger car models launched by automotive giants such as Audi, Range Rover, BMW, and Ford Motor Company.
Prominent market vendors have launched electrically operated tow bars for both OEMs and the aftermarket segments of the automotive sector. These tow bars are designed to improve the functionality of conventional tow bars and offer users convenience in terms of operability.
The US, Canada, and Mexico are major economies in North America. Technological advancements have led to a highly competitive market in the region as the increasing population attracts several technological developments due to high spending power. The region has one of the largest automotive manufacturing hubs in the globe.
Bosal Group, Brink Group, CURT Manufacturing LLC, Oris, and PCT Automotive Limited are the key market players operating in the global automotive tow bars market.
Smart tow bars equipped with wireless connectivity and remote-control capabilities make it easier for users to manage towing tasks. Users can control the tow bar from their smartphone or tablet, eliminating the need for manual adjustments and simplifying the hitching and unhitching process.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Tow Bars Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Manufacturers
4.3.2 Wholesalers
4.3.3 Distributors and Retailers
4.3.4 Installation Service Providers
4.3.5 After Service Segment
5. Automotive Tow Bars Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increased Automotive Production
5.1.2 Growing Popularity of Foldable and Retractable Tow Bars
5.1.3 Tow Bars Serve as an Optimum Towing Equipment
5.2 Market Restraints
5.2.1 Preference for Rental Towing Services
5.2.2 High Cost of Automotive Tow Bars
5.3 Market Opportunities
5.3.1 Integration Smart technology
5.3.2 Growth of the E-Commerce Industry
5.4 Future Trends
5.4.1 Integration Of Swivelling Mechanism with Conventional Tow Bars
5.5 Impact of Drivers and Restraints:
6. Automotive Tow Bars Market - Global Market Analysis
6.1 Automotive Tow Bars Market Revenue (US$ Million), 2022 – 2030
6.2 Automotive Tow Bars Market Forecast and Analysis
7. Automotive Tow Bars Market Analysis – Product
7.1 Overview
7.1.1 Automotive Tow Bars Market, By Product (2022 and 2030)
7.2 Retractable Towbar
7.2.1 Overview
7.2.2 Retractable Towbar Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Detachable Tow Bars
7.3.1 Overview
7.3.2 Detachable Tow Bars Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Fixed Tow Bars
7.4.1 Overview
7.4.2 Fixed Tow Bars Market Revenue, and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
8. Automotive Tow Bars Market Analysis – Vehicle Type
8.1 Overview
8.1.1 Automotive Tow Bars Market, By Vehicle type (2022 and 2030)
8.2 Passenger Cars
8.2.1 Overview
8.2.2 Passenger Cars Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Commercial Vehicles
8.3.1 Overview
8.3.2 Commercial Vehicles Market Revenue, and Forecast to 2030 (US$ Million)
9. Automotive Tow Bars Market - Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 Overview
9.2.2 North America Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.3 North America Automotive Tow Bars Market Breakdown by Product
9.2.4 North America: Automotive Tow Bars Market, by Vehicle type
9.2.5 North America Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.2.5.1 North America Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.2.5.2 US Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.5.2.1 United States Automotive Tow Bars Market Breakdown by Product
9.2.5.2.2 United States Automotive Tow Bars Market Breakdown by Vehicle type
9.2.5.3 Canada Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.5.3.1 Canada Automotive Tow Bars Market Breakdown by Product
9.2.5.3.2 Canada Automotive Tow Bars Market Breakdown by Vehicle type
9.2.5.4 Mexico Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.2.5.4.1 Mexico Automotive Tow Bars Market Breakdown by Product
9.2.5.4.2 Mexico Automotive Tow Bars Market Breakdown by Vehicle type
9.3 Europe
9.3.1 Overview
9.3.2 Europe Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.3 Europe Automotive Tow Bars Market Breakdown by Product
9.3.4 Europe: Automotive Tow Bars Market, by Vehicle type
9.3.5 Europe Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.3.5.1 Europe Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.3.5.2 Germany Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.2.1 Germany Automotive Tow Bars Market Breakdown by Product
9.3.5.2.2 Germany Automotive Tow Bars Market Breakdown by Vehicle type
9.3.5.3 France Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.3.1 France Automotive Tow Bars Market Breakdown by Product
9.3.5.3.2 France Automotive Tow Bars Market Breakdown by Vehicle type
9.3.5.4 Italy Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.4.1 Italy Automotive Tow Bars Market Breakdown by Product
9.3.5.4.2 Italy Automotive Tow Bars Market Breakdown by Vehicle type
9.3.5.5 UK Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.5.1 UK Automotive Tow Bars Market Breakdown by Product
9.3.5.5.2 UK Automotive Tow Bars Market Breakdown by Vehicle type
9.3.5.6 Russia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.6.1 Russia Automotive Tow Bars Market Breakdown by Product
9.3.5.6.2 Russia Automotive Tow Bars Market Breakdown by Vehicle type
9.3.5.7 Rest of Europe Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.3.5.7.1 Rest of Europe Automotive Tow Bars Market Breakdown by Product
9.3.5.7.2 Rest of Europe Automotive Tow Bars Market Breakdown by Vehicle type
9.4 Asia Pacific Automotive Tow Bars Market
9.4.1 Overview
9.4.2 Asia Pacific Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.3 Asia Pacific Automotive Tow Bars Market Breakdown by Product
9.4.4 Asia Pacific: Automotive Tow Bars Market, by Vehicle type
9.4.5 Asia Pacific Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.4.5.1 Asia Pacific Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.4.5.2 Australia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.2.1 Australia Automotive Tow Bars Market Breakdown by Product
9.4.5.2.2 Australia Automotive Tow Bars Market Breakdown by Vehicle type
9.4.5.3 China Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.3.1 China Automotive Tow Bars Market Breakdown by Product
9.4.5.3.2 China Automotive Tow Bars Market Breakdown by Vehicle type
9.4.5.4 India Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.4.1 India Automotive Tow Bars Market Breakdown by Product
9.4.5.4.2 India Automotive Tow Bars Market Breakdown by Vehicle type
9.4.5.5 Japan Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.5.1 Japan Automotive Tow Bars Market Breakdown by Product
9.4.5.5.2 Japan Automotive Tow Bars Market Breakdown by Vehicle type
9.4.5.6 South Korea Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.6.1 South Korea Automotive Tow Bars Market Breakdown by Product
9.4.5.6.2 South Korea Automotive Tow Bars Market Breakdown by Vehicle type
9.4.5.7 Rest of Asia Pacific Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.4.5.7.1 Rest of Asia Automotive Tow Bars Market Breakdown by Product
9.4.5.7.2 Rest of Asia Automotive Tow Bars Market Breakdown by Vehicle type
9.5 Middle East & Africa
9.5.1 Overview
9.5.2 Middle East & Africa Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.3 Middle East & Africa Automotive Tow Bars Market Breakdown by Product
9.5.4 Middle East & Africa: Automotive Tow Bars Market, by Vehicle type
9.5.5 Middle East & Africa Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.5.5.1 Middle East & Africa Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
9.5.5.2 South Africa Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.2.1 South Africa Automotive Tow Bars Market Breakdown by Product
9.5.5.2.2 South Africa Automotive Tow Bars Market Breakdown by Vehicle type
9.5.5.3 Saudi Arabia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.3.1 Saudi Arabia Automotive Tow Bars Market Breakdown by Product
9.5.5.3.2 Saudi Arabia Automotive Tow Bars Market Breakdown by Vehicle type
9.5.5.4 UAE Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.4.1 UAE Automotive Tow Bars Market Breakdown by Product
9.5.5.4.2 UAE Automotive Tow Bars Market Breakdown by Vehicle type
9.5.5.5 Rest of MEA Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.5.5.5.1 Rest of MEA Automotive Tow Bars Market Breakdown by Product
9.5.5.5.2 Rest of MEA Automotive Tow Bars Market Breakdown by Vehicle type
9.6 South America
9.6.1 Overview
9.6.2 South America Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.3 South America Automotive Tow Bars Market Breakdown by Product
9.6.4 South America: Automotive Tow Bars Market, by Vehicle type
9.6.5 South America Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Countries
9.6.5.1 Brazil Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.5.1.1 Brazil Automotive Tow Bars Market Breakdown by Product
9.6.5.1.2 Brazil Automotive Tow Bars Market Breakdown by Vehicle type
9.6.5.2 Argentina Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.5.2.1 Argentina Automotive Tow Bars Market Breakdown by Product
9.6.5.2.2 Argentina Automotive Tow Bars Market Breakdown by Vehicle type
9.6.5.3 Rest of SAM Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
9.6.5.3.1 Rest of SAM Automotive Tow Bars Market Breakdown by Product
9.6.5.3.2 Rest of SAM Automotive Tow Bars Market Breakdown by Vehicle type
10. Automotive Tow Bars Market – Impact of COVID-19 Pandemic
10.1 Pre & Post Covid-19 Impact
11. Competitive Landscape
11.1 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 AutoPacific Australia Pty Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 BOSAL Group
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Brink Group
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BTA Towing Equipment
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 CURT Manufacturing LLC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 ORIS
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 PCT Automotive Limited
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Alois Kober GMBH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 GDW NV
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 North Shore Towbars
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. Automotive Tow Bars Market Segmentation
Table 2. Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Million) – Product
Table 4. Automotive Tow Bars Market Revenue and Forecasts To 2030 (Thousand Units) – Product
Table 5. Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Million) – Vehicle type
Table 6. North America Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 7. North America Automotive Tow Bars Market Revenue And Forecasts To 2030 (Thousand Units) – Product
Table 8. North America: Automotive Tow Bars Market, by Aircraft Type Revenue and Forecast to 2030 (US$ Million)
Table 9. North America Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 10. United States Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 11. United States Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 12. United States Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 13. Canada Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 14. Canada Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 15. Canada Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 16. Mexico Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 17. Mexico Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 18. Mexico Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 19. Europe Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 20. Europe Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 21. Europe: Automotive Tow Bars Market, by Aircraft Type Revenue and Forecast to 2030 (US$ Million)
Table 22. Europe Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 23. Germany Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 24. Germany Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 25. Germany Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 26. France Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 27. France Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 28. France Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 29. Italy Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 30. Italy Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 31. Italy Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 32. UK Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 33. UK Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 34. UK Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 35. Russia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 36. Russia Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 37. Russia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 38. Rest of Europe Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 39. Rest of Europe Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 40. Rest of Europe Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 41. Asia Pacific Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 42. Asia Pacific Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 43. Asia Pacific: Automotive Tow Bars Market, by Aircraft Type Revenue and Forecast to 2030 (US$ Million)
Table 44. Asia Pacific Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 45. Australia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 46. Australia Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 47. Australia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 48. China Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 49. China Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 50. China Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 51. India Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 52. India Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 53. India Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 54. Japan Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 55. Japan Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 56. Japan Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 57. South Korea Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 58. South Korea Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 59. South Korea Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 60. Rest of Asia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 61. Rest of Asia Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 62. Rest of Asia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 63. Middle East & Africa Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 64. Middle East & Africa Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 65. Middle East & Africa: Automotive Tow Bars Market, by Aircraft Type Revenue and Forecast to 2030 (US$ Million)
Table 66. Middle East & Africa Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 67. South Africa Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 68. South Africa Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 69. South Africa Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 70. Saudi Arabia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 71. Saudi Arabia Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 72. Saudi Arabia Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 73. UAE Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 74. UAE Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 75. UAE Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 76. Rest of MEA Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 77. Rest of MEA Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 78. Rest of MEA Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 79. South America Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 80. South America Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 81. South America: Automotive Tow Bars Market, by Aircraft Type Revenue and Forecast to 2030 (US$ Million)
Table 82. South America Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 83. Brazil Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 84. Brazil Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 85. Brazil Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 86. Argentina Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 87. Argentina Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 88. Argentina Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 89. Rest of SAM Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Product
Table 90. Rest of SAM Automotive Tow Bars Market Volume And Forecasts To 2030 (Thousand Units) – Product
Table 91. Rest of SAM Automotive Tow Bars Market Revenue And Forecasts To 2030 (US$ Mn) – Vehicle type
Table 92. List of Abbreviation
List of Figures
Figure 1. Automotive Tow Bars Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Automotive Tow Bars Market
Figure 4. Automotive Tow Bars Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Automotive Tow Bars Market Breakdown by Geography, 2022 and 2030 (%)
Figure 7. Automotive Tow Bars Market Revenue (US$ Million), 2022 – 2030
Figure 8. Automotive Tow Bars Market Share (%) – Product, 2022 and 2030
Figure 9. Retractable Towbar Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Detachable Tow Bars Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Commercial Vehicles Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Automotive Tow Bars Market, By Vehicle type (2022 and 2030)
Figure 14. Passenger Cars Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Commercial Vehicles Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Automotive Tow Bars Market Breakdown by Region, 2022 and 2030 (%)
Figure 17. Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 18. North America Automotive Tow Bars Market Revenue Share, by Product (2022 and 2030)
Figure 19. North America Automotive Tow Bars Market Revenue Share, by Vehicle type (2022 and 2030)
Figure 20. Automotive Tow Bars Market Breakdown by Key Country, 2022 and 2030 (%)
Figure 21. US Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Canada Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Mexico Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Europe Automotive Tow Bars Market Revenue Share, by Product (2022 and 2030)
Figure 26. Europe Automotive Tow Bars Market Revenue Share, by Vehicle type (2022 and 2030)
Figure 27. Automotive Tow Bars Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 28. Germany Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 29. France Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 30. Italy Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 31. UK Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 32. Russia Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 33. Rest of Europe Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 34. Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 35. Asia Pacific Automotive Tow Bars Market Revenue Share, by Product (2022 and 2030)
Figure 36. Asia Pacific Automotive Tow Bars Market Revenue Share, by Vehicle type (2022 and 2030)
Figure 37. Automotive Tow Bars Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 38. Australia Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 39. China Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 40. India Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 41. Japan Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 42. South Korea Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 43. Rest of Asia Pacific Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 44. Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 45. Middle East & Africa Automotive Tow Bars Market Revenue Share, by Product (2022 and 2030)
Figure 46. Middle East & Africa Automotive Tow Bars Market Revenue Share, by Vehicle type (2022 and 2030)
Figure 47. Automotive Tow Bars Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 48. South Africa Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 49. Saudi Arabia Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 50. UAE Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 51. Rest of MEA Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 52. Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 53. South America Automotive Tow Bars Market Revenue Share, by Product (2022 and 2030)
Figure 54. South America Automotive Tow Bars Market Revenue Share, by Vehicle type (2022 and 2030)
Figure 55. Automotive Tow Bars Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 56. Brazil Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 57. Argentina Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 58. Rest of SAM Automotive Tow Bars Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 59. Company Positioning & Concentration
The List of Companies - Automotive Tow Bars Market
- AutoPacific Australia Pty Ltd
- Bosal Group
- Brink Group
- BTA Towing Equipment
- CURT Manufacturing LLC
- Oris
- PCT Automotive Limited
- Alois Kober GmbH
- North Shore Tow bars
- GDW NV
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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