Automotive Towbar Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV)), By Type (Fixed System, Detachable System, Electric System), By Sales Channel (OEM, OES, IAM) and By Region
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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Global Automotive Tow Bars Market has worth USD 3.8 billion in 2022 and is expected to register strong growth in the forecast period with a CAGR of 7.31% during 2028.
The global automotive tow bars market is expected to grow at an extremely high pace in the next few years. An external component known as a tow bar is attached to a car's frame to allow a second car to tow the vehicle. The innovative design of a tow bar ensures optimal swiveling and proper loading of the towed vehicle. Growth in the number of leisure vehicles on highways, as well as the rise in adventure tourism and off-road recreational activities, are all strong drivers for the expansion of the automotive tow bar market. The international market of tow bars mainly deals with five types, of which foldable tow bars form the majority of the sales because they are convenient to use and do not take up much space. Because the majority of automobiles are manufactured with tow bars as standard parts, the OEMs sell.
Global automotive towbar market is anticipated to register growth at an impressive CAGR in the forecast period, A towbar refers to an external device that is attached to the chassis of an automobile so that it can be towed by another vehicle. This device is specifically designed to optimize and distribute the load of the towed vehicle. The market growth can be attributed to the rising adoption of recreational vehicle activities such as adventure tourism and off-roading, creating a demand for automotive tow bars. Automotive towbars are found at in several types and can be easily installed in the aftermarket vehicles. The rapid growth in the automotive sector has resulted in the increased number of vehicles produced and sold in both developed and developing nations, which in turn, is proliferating the demand for towbars.
Increasing Government Mandates for the Adoption of Towbars Fuels the Market Growth
The increase in disposable income of the customers has driven the sales of motor vehicles and automotive accessories, thereby driving the sales of tow bars. In addition to this, growing demand for off-road and touring activities and growing roadside assistance services worldwide are further driving the growth of the market. Additionally, governments of many countries have come up with stringent regulations for automobiles to use tow bars. For example, the regulation (EU) No 1005/2010 in Europe has compelled all motor vehicles to have a towing device such as tow bars to ensure the strict levels of safety that are vital when towing on a busy road. Implementation of such regulations in developing and developed nations is expected to boost the global market for tow bars.
Towbars Reduces Manual Efforts and Ensures Safety
Towbars are extremely handy as they substitute the use of human power, reduce the driver's fatigue to a great extent, and provide safety that is hard or impossible to attain using ropes. As the means of conveyance has developed over the years, the demand for towbars has risen continuously. The metal used to produce towbars is typically made of steel or aluminum and possesses a horizontal or V-shaped attaching system to secure the trailers onto the vehicle. This enables individuals to tow large objects like SUVs and XUVs. The towbars have made the off-loading very easy and quick since these towbars can be folded when they are not in use. For example, some luxury automobile companies like BMW and Audi have been including retractable automotive towbars as part of their vehicles that can be folded while not in use. Therefore, the demand for automotive towbars is expected to be high and grow in the next few years.
Market Segmentation
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Segmental Insights
Vehicle Type Analysis
Segmenting the Automotive Tow Bar Market by Vehicle Type, Passenger Cars, LCVs, and HCVs are covered. The market share held by passenger cars was the largest. As a result of the common use of Ford and General Motors trucks for off-road driving, tow bars are increasingly needed for passenger cars in North America. Tow bars are highly demanded in this region, and light-duty trucks and SUVs are one of the reasons.
Regional Insight
Europe would be the market for automotive tow bars as the demand for electric vehicles, passenger and commercial vehicles, and other cars will remain high. Rising demand for clean vehicles and green development have popularized electric cars as well as other clean energies such as solar, wind, and biofuel. Since tow bars can withstand disintegration when towing trailers, and because passenger cars, light commercials, and large commercial vehicles employ them, the market for tow bars in North American automotive holds the second-largest share. Increased passenger and commercial vehicle sales are driving demand higher for car tow bars.
Key Players
Trimas Corporation,
Horizon Global Corporation,
Hayman Reese,
ACPS Automotive GmbH,
Company Profile
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Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Vehicle Type · Type · Sales Channel |
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Regional scope |
North America, Europe Asia Pacific, South America and Middle East & Africa. |
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Key companies profiled |
Brink Group B.V., PCT Automotive Ltd., Bosal International N.V., Curt Manufacturing LLC., David Murphy Towing, Trimas Corporation, Horizon Global Corporation, Hayman Reese, ACPS Automotive GmbH, and McCabe Towbars |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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