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Global Automotive Trailer Tow Mirror (ATTM) Market 2017-2021

Global Automotive Trailer Tow Mirror (ATTM) Market 2017-2021

About Automotive Trailer Tow Mirror

The driving mirror helps the driver to see what is nearby the vehicle. It also helps the driver to calculate the distance between the car and the trailing vehicles. The other types of vehicle mirrors are wing or door mirrors, usually known as side-view mirrors. Rear-view mirrors give the view of objects at a nearby range of the vehicle by reflecting images that fall on the interior driving mirror. Some vehicles use cameras or sensors for alerts to differentiate between various objects. Front-view mirrors also reflect images of vehicles nearby.

Technavio’s analysts forecast the global automotive safety tow mirror market to grow at a CAGR of 11.87% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive safety tow mirror market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive safety tow mirror.

The market is divided into the following segments based on geography:

  • North America
  • ROW
Technavio's report, Global Automotive Trailer Tow Mirror Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Samvardhana Motherson
  • K Source
  • Milenco
  • ISP Glendale
Other prominent vendors
  • CARiD.com
  • Ford Motor Company
  • Power Vision
Market driver
  • Higher demands of pickup leads to the growth of towing mirror
  • For a full, detailed list, view our report
Market challenge
  • Regulatory concern of towable RVs and pickup trucks hindering the growth
  • For a full, detailed list, view our report
Market trend
  • Integration with cameras to cover blind spot
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Trailer Tow Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive trailer tow market: Samvardhana Motherson, K Source, Milenco, and ISP Glendale

Other Prominent Vendors in the market are: CARiD.com, Ford Motor Company, and Power Vision

Commenting on the report, an analyst from Technavio’s team said: “Towing mirrors increase the visibility of the side view of the vehicle, while an extra load is attached to it. The normal flat mirror gives the replica of the exact picture without getting into the wider prospects. The wider view is needed by the driver to ensure safety while towing. Advances in technology are adding features to it such as clearance light mounted on the side and back for adding clarity to the image. The other features, such as cargo lamps and internal turn signals, are also incorporated in this mirror. The towable mirror is electrically controlled and helps in demisting the glass of the mirror off the fog or ice. It can also control the seating position and adjust the angle of the mirrors. It is electronically folded in the door. Chevrolet Silverado and GMC Sierra heavy-duty trucks have this feature incorporated in their towing mirrors.”

According to the report, the most recent trend in a vast range of consumer products is DIY products. Consumers buy the DIY product in a dismantled form from the store and install it themselves. This trend has caught on in the global ATTM market as well. The end-consumer of a towing mirror (vehicle owner) can now pick up a towing mirror system, assemble the different components as per the instructions given in the manual, and install the final system without help from an expert or an engineer. This is an added advantage to both the buyer and the seller because it is time-saving for the buyer and cost-effective for the seller.

Further, the report states that there exists a lack of awareness about the usefulness of towing mirrors. Many people are not aware of the benefits it provides, which normal side-view mirrors cannot provide. Towing mirror increases the visibility of the rear side of the vehicle, especially when an extra load is attached to it. However, there is still a lack of knowledge of the advantage of the use of towing mirrors. Very few OEMs have started offering it as a standard factory fitment. According to Caravan Safety and Security Group, it was a misconception among many drivers that since they are towing with a substantial 4*4 vehicle, the towing mirror is not needed.

Find more reports on related topics - https://www.spendedge.com/

Companies Mentioned

Samvardhana Motherson, K Source, Milenco, ISP Glendale, CARiD.com, Ford Motor Company, and Power Vision

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview:
      • Table Types of towing mirrors
    • Mechanism behind the towing mirror
      • Table Functioning of a tow mirror
  • Market landscape
    • Market overview
      • Table Segmentation of the ATTM market
    • Market size and forecast
      • Table Global ATTM market 2016-2021 (million units)
    • Product life cycle
      • Table Product life cycle of the towing mirror 2016
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by vehicle type
    • Towing mirrors in pickup trucks
      • Table ATTM market by vehicle type 2016 and 2021
    • Market size and forecast
      • Table ATTM market by pickup trucks 2016-2021 (million units)
    • Towing mirrors in towable RVs
    • Market size and forecast
      • Table ATTM market by towable RVs (million units)
  • Geographical segmentation
    • Global ATTM by geography
      • Table Global ATTM market: Segmentation by region 2016 (% share)
      • Table Global ATTM market: Segmentation by region 2021
      • Table Unit shipment of ATTM market 2016- 2021 (million units)
    • North America
      • Table ATTM market in North America 2016-2021 (million units)
    • ROW
    • Market size and forecast
      • Table ATTM market in ROW 2016-2021 (million units)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Pickup trucks - Application areas
    • Market challenges
  • Market trends
    • Integration with cameras to cover blind spot
    • Electronically controlled features adding advantage to the towing mirror
    • Dual mirrors increasing safety features
  • Vendor landscape
    • Table Benchmarking of the players of ATTM market
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Samvardhana Motherson
      • Table Samvardhana Motherson: Business segmentation
    • K Source
      • Table Product segments of K Source
      • Table New product launches of K Source
    • Milenco
      • Table Product segment of Milenco
    • ISP Glendale
      • Table Product segment of ISP Glenade
  • Appendix
    • List of abbreviations
  • Explore Technavio

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