Press release
Global Tow Bars Market Research Report 2023
Global Tow Bars MarketA tow bar (or tow hitch ) is a device attached to the chassis of a vehicle for towing or a towbar to an aircraft nose gear. It can take the form of a tow ball to allow swiveling and articulation of a trailer, or a tow pin, or a tow hook with a trailer loop, often used for large or agricultural vehicles where slack in the pivot pin allows similar movements. Another category is the towing pintle used on military vehicles worldwide.
The global Tow Bars market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Tow Bars is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Tow Bars is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Tow Bars include Horizon Global Corporation, Curt Manufacturing, B&W Trailer Hitches, BOSAL, MVG, AL-KO, Brink Group, Tow-Trust Towbars and GDW Group, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
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Report Scope
This report aims to provide a comprehensive presentation of the global market for Tow Bars, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tow Bars.
The Tow Bars market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Tow Bars market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tow Bars manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
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By Company
Horizon Global Corporation
Curt Manufacturing
B&W Trailer Hitches
BOSAL
MVG
AL-KO
Brink Group
Tow-Trust Towbars
GDW Group
Segment by Type
Class I Tow Bar
Class II Tow Bar
Class III Tow Bar
Class IV Tow Bar
Class V Tow Bar
Segment by Application
Cars, SUV and ATVs
Recreational Vehicle (RV)
Vans
Boat Trailers
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America (United States, Canada)
Europe (Germany, France, UK, Italy, Russia)
Asia-Pacific (China, Japan, South Korea, Taiwan)
Southeast Asia (India)
Latin America (Mexico, Brazil)
SIMILAR REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-35R8253/global-vehicle-tow-bars
https://reports.valuates.com/market-reports/QYRE-Auto-20T10123/global-rv-towing-products
https://reports.valuates.com/market-reports/QYRE-Auto-12I8328/global-automotive-tow-bar
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