Global Automotive Tow Bars Market 2021-2025

Global Automotive Tow Bars Market 2021-2025

Technavio has been monitoring the automotive tow bars market and it is poised to grow by $ 1.69 billion during 2021-2025, progressing at a CAGR of 5.85% during the forecast period. Our report on automotive tow bars market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing availability of tow bars and their accessories in the e-commerce space and increasing motorization in emerging countries. In addition, tow bars serving as an optimum towing equipment is anticipated to boost the growth of the market as well.

The automotive tow bars market analysis includes type segment and geographic landscape.

Technavio's automotive tow bars market is segmented as below:

By Type

• Non-retractable
• Retractable

By Geographical Landscapes

• Europe
• North America
• APAC
• South America
• MEA

This study identifies the use of environment-friendly coating on tow bars as one of the prime reasons driving the automotive tow bars market growth during the next few years. Also, advances in manufacturing process of automotive tow bars and emergence of electric swiveling tow bar will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automotive tow bars market covers the following areas:

• Automotive tow bars market sizing
• Automotive tow bars market forecast
• Automotive tow bars market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive tow bars market vendors that include Automatic Manufacturing Co., Bosal Nederland BV, Brink Group BV, Camex Automotive, David Murphy Towing, Horizon Global Corp., LCI Industries, PCT Automotive Ltd., ROADMASTER Inc. Also, the automotive tow bars market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.