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Global Towing Equipment Market 2017-2021

Global Towing Equipment Market 2017-2021

About Towing Equipment

Towing equipment includes devices and accessories fitted on a vehicle for the purpose of attaching a camper, trailer, etc. Towing equipment includes fifth wheels, hitches, gooseneck hitches, and wiring harnesses for drawbars, weight distribution systems, crossbars, tow sling, tow dollies, ball mounts, towbars, and other towing accessories such as chains, straps, hitch locks, hitch covers, hitch aligners, hitch adapters, fifth-wheel hitch adapters, and anti-rattles.

Technavio’s analysts forecast the global towing equipment market to grow at a CAGR of 6.13% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global towing equipment market for 2017-2021. To calculate the market size, the report considers new sales and retrofit market.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Towing Equipment 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
  • BOSAL
  • Brink Group
  • CURT Manufacturing
  • Demco
  • Horizon Global
Other prominent vendors
  • Andersen Hitches
  • B&W Trailer Hitches
  • Blue Ox
  • Butler Products
  • Buyers Products
  • CAMCO MANUFACTURING
  • Cat's Head Industries (Lynx Engineering)
  • Denray Products
  • Fastway Trailer
  • Hopkins Manufacturing Corporation
  • Husky Liners
  • Inventive Products
  • MAXXHAUL TOWING PRODUCTS
  • Mumby Manufacturing
  • My Air Hitch
  • PopUp Hitch
  • Progress Mfg.
  • PullRite
  • Rigid Hitch
  • Thule Group
  • Torklift International
  • TRIMAX LOCKS
  • U-Haul
  • Weigh Safe
  • Westin Automotive
  • Winston Products (TowSmart)
Market driver
  • Increasing motorization in emerging countries
  • For a full, detailed list, view our report
Market challenge
  • Increasing cost of transporting freight through trucks
  • For a full, detailed list, view our report
Market trend
  • Increase in private label brands
  • 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 Towing Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global towing equipment market: BOSAL, Brink Group, CURT Manufacturing, Demco, and Horizon Global.

Other Prominent Vendors in the market are: Andersen Hitches, B&W Trailer Hitches, Blue Ox, Butler Products, Buyers Products, CAMCO MANUFACTURING, Cat's Head Industries (Lynx Engineering), Denray Products, Fastway Trailer, Hopkins Manufacturing Corporation, Husky Liners, Inventive Products, MAXXHAUL TOWING PRODUCTS, Mumby Manufacturing, My Air Hitch, PopUp Hitch, Progress Mfg., PullRite, Rigid Hitch, Thule Group, Torklift International, TRIMAX LOCKS, U-Haul, Weigh Safe, Westin Automotive, and Winston Products (TowSmart).

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in private label brands. In the more mature markets like the US, there has been an uptick in store brands or private label sold by retailers and aftermarket distributors, commonly sold at a lower price point than premium brands of the same products. Nevertheless, in many cases, retailers or wholesale distributors who create private label brands still rely on established suppliers such as Horizon Global and Demco to manufacture their private label or store brand products.”

According to the report, one driver in the market is increasing motorization in emerging countries. Passenger cars occupy a major share of the towing equipment market. Therefore, the increase in sales of passenger cars will lead to an increased demand for towing equipment units. Emerging countries, such as China and India, have a lesser penetration of motorization when compared with the developed economies of the US and Europe. Hence, car OEMs are largely concentrating on effectively penetrating passenger car markets in emerging countries.

Further, the report states that one challenge in the market is increasing cost of transporting freight through trucks. Rising cost of transporting freight through heavy-duty trucks poses a major challenge to the towing equipment market during the forecast period. Increased freight transportation costs drive freight operators to constrict their purchase of new commercial vehicles, thereby affecting the towing equipment market during the forecast period. The cost for transporting freight in the Americas is increasing due to the rise in surcharges and rates like linehaul rates being increased by 2% since 2016.

Companies Mentioned

BOSAL, Brink Group, CURT Manufacturing, Demco, Horizon Global, Andersen Hitches, B&W Trailer Hitches, Blue Ox, Butler Products, Buyers Products, CAMCO MANUFACTURING, Cat's Head Industries (Lynx Engineering), Denray Products, Fastway Trailer, Hopkins Manufacturing Corporation, Husky Liners, Inventive Products, MAXXHAUL TOWING PRODUCTS, Mumby Manufacturing, My Air Hitch, PopUp Hitch, Progress Mfg., PullRite, Rigid Hitch, Thule Group, Torklift International, TRIMAX LOCKS, U-Haul, Weigh Safe, Westin Automotive, and Winston Products (TowSmart).

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Regional growth matrix 2016-2021
      • Table Values represented in the regional growth matrix
      • Table Application segment growth matrix 2016-2021
      • Table Values represented in the application segment growth matrix
  • Market landscape
    • Market overview
      • Table Global towing equipment market segmentation
    • Market size and forecast
      • Table Global towing equipment market 2016-2021 ($ millions)
      • Table Global sales of new vehicles 2011-2016 (units)
      • Table Average annual wages in OECD countries at 2015 USD exchange rates 2010-2015($)
      • Table Long-term interest rates 2014-2016 (percentage per annum)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global towing equipment segmentation by application
      • Table Global towing equipment segmentation by application 2016 and 2021 (%)
    • Global towing equipment market in passenger car segment
      • Table Global towing equipment market in the passenger car segment 2016-2021 ($millions)
      • Table Global passenger car sales growth rate 2006-2016 (%)
    • Global towing equipment market in commercial vehicles segment
      • Table Global towing equipment market in the commercial vehicles segment 2016-2021 ($millions)
      • Table Global commercial vehicle sales growth rate 2006-2016 (%)
      • Table Global construction market 2016-2021 ($ trillions)
  • Geographical segmentation
    • Global towing equipment segmentation by geography
      • Table Global towing equipment segmentation by geography 2016 and 2021 (%)
    • Towing equipment market in APAC
      • Table Towing equipment market in APAC 2016-2021 ($ millions)
    • Towing equipment market in EMEA
      • Table Towing equipment market in EMEA 2016-2021 ($ millions)
    • Towing equipment market in Americas
      • Table Towing equipment market in the Americas 2016-2021 ($ millions)
      • Table Commercial vehicle sales growth in the Americas 2006-2016 (%)
      • Table Passenger car sales growth in the Americas 2006-2016 (%)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global users of Internet by regions 2016 (% share)
      • Table Global exports of merchandise goods 2010-2015 ($ trillions)
      • Table Global imports of merchandise goods 2010-2015 ($ trillions)
    • Market challenges
      • Table Growth in steel prices 2011-2019 (%)
      • Table Global GDP growth rate 2000-2015 (%)
  • Market trends
    • Consolidation in the industry and distribution channels
    • Growth of online capabilities
    • Increase in private label brands
    • Outsourcing of design and manufacturing of vehicle parts and systems
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • BOSAL
      • Table BOSAL: Key divisions
      • Table BOSAL in the global towing equipment market
      • Table BOSAL: Recent developments
    • Brink Group
      • Table Brink Group: Key products in the global towing equipment market
      • Table Brink Group: Recent developments
    • CURT Manufacturing
      • Table CURT Manufacturing: Key products and services
      • Table CURT Manufacturing in the global towing equipment market
      • Table CURT Manufacturing: Recent developments
    • Demco
      • Table Demco: Key products and services
      • Table Demco in the global towing equipment market
      • Table Demco: Recent developments
    • Horizon Global
      • Table Horizon Global: Brands
  • Appendix
    • List of abbreviations
  • Explore Technavio

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