Automotive Tow Bars Market Size and Forecasts, Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product and Vehicle Type

List of Tables

The Automotive Tow Bars market was valued at US$ 5,110.98 million in 2022 and is projected to reach US$ 7,318.05 million by 2030; it is expected to grow at a CAGR of 4.6% during 2022-2030.

One of the key trends witnessed in the automotive tow bars market growth during the predicted period is the rising growth of the e-commerce industry and the subsequent increase in delivery services. The increasing number of delivery orders and the growing number of courier delivery agencies will boost the volume of sales of commercial vehicles required to carry goods. This, in turn, will fuel the uptake of towing equipment in the e-commerce sector. Given the increasing number of delivery orders, delivery service providers are encouraged to purchase light commercial vehicles (LCVs). Purchasing LCVs allows them to meet rising parcel delivery requirements. This, in turn, will boost demand in the forecast period for towing equipment within LCVs and medium and heavy commercial vehicles (MHCVs). The growth of online capabilities is one of the key trends gaining traction in the global automotive tow bars market during the projected period. The growing popularity of the e-commerce sector is positively influencing the global retail channels and automotive aftermarket. Towing equipment manufacturers benefit greatly from establishing a robust market presence that improves the penetration of multiple vendors into the automotive tow bars market.

Prominent automotive tow bars market players have launched electrically operated tow bars for both OEMs and the aftermarket segments of the automotive sector. These tow bars are designed to improve the functionality of conventional tow bars and offer users convenience in terms of operability. For example, Horizon Global provides electric swiveling tow bars for automotive applications that can be retracted manually as well as electrically. Integrating the swiveling mechanism with the conventional tow bars enables them to be easily fitted in limited space. Similarly, ORIS also offers fully electric swiveling tow bars and supplies them to automakers in the United States and Europe, including Audi, BMW, GM, Mercedes, Tesla, Volvo, and VW. Additionally, some other automotive tow bars market players focus on enhancing reliability, reducing weight, and optimizing packaging features. These developments in tow bar design are one of the significant trends that will further accelerate the automotive tow bars market share of these players during the forecast period.

In the UK, a fixed tow bar is an increasingly popular form of the tow bar, which is perfect for all towing needs and for mounting cycle carriers. It is the most reasonably priced and lasts the lifetime of the car. It is a height-adjustable tow bar, which is made for heavy-duty work. The market for automotive tow bars in the region is driven by various inorganic marketing strategies adopted by the companies. For instance, Horizon Global, a manufacturer and distributor of a wide variety of high-quality, custom-engineered towing in Europe, North America, and Australia, acquired Brink Group, a European towing systems company. The Brink Group generates ~1 million tow bars yearly; its products can be found on ~25 million vehicles globally. The acquisition enabled Horizon Global's portfolio to optimize the company's industry-leading product innovation and manufacturing capabilities.

Furthermore, the automotive tow bars market growth is directly associated with the increase in the automotive sector, and as it grows, the use of tow bars surges, thus positively impacting the market. The region is the most lucrative for the growth of automotive tow bars market share as it shows higher market attractiveness.

AutoPacific Australia Pty Ltd, Bosal Group, Brink Group, BTA Towing Equipment, CURT Manufacturing LLC, Oris, PCT Automotive Limited, Alois Kober GmbH, North Shore Tow bars and GDW NV are among the key automotive tow bars market players.

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Product Code: TIPRE00008801

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Automotive Tow Bars Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Manufacturers
- 4.3.2 Wholesalers
- 4.3.3 Distributors and Retailers
- 4.3.4 Installation Service Providers
- 4.3.5 After Service Segment

5. Automotive Tow Bars Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Increased Automotive Production
- 5.1.2 Growing Popularity of Foldable and Retractable Tow Bars
- 5.1.3 Tow Bars Serve as an Optimum Towing Equipment
5.2 Market Restraints
- 5.2.1 Preference for Rental Towing Services
- 5.2.2 High Cost of Automotive Tow Bars
5.3 Market Opportunities
- 5.3.1 Integration Smart technology
- 5.3.2 Growth of the E-Commerce Industry
5.4 Future Trends
- 5.4.1 Integration Of Swivelling Mechanism with Conventional Tow Bars
5.5 Impact of Drivers and Restraints:

6. Automotive Tow Bars Market - Global Market Analysis

6.1 Automotive Tow Bars Market Revenue (US$ Million), 2022 - 2030
6.2 Automotive Tow Bars Market Forecast and Analysis

7. Automotive Tow Bars Market Analysis - Product

7.1 Overview
- 7.1.1 Automotive Tow Bars Market, By Product (2022 and 2030)
7.2 Retractable Towbar
- 7.2.1 Overview
- 7.2.2 Retractable Towbar Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Detachable Tow Bars
- 7.3.1 Overview
- 7.3.2 Detachable Tow Bars Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Fixed Tow Bars
- 7.4.1 Overview
- 7.4.2 Fixed Tow Bars Market Revenue, and Forecast to 2030 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

8. Automotive Tow Bars Market Analysis - Vehicle Type

8.1 Overview
- 8.1.1 Automotive Tow Bars Market, By Vehicle type (2022 and 2030)
8.2 Passenger Cars
- 8.2.1 Overview
- 8.2.2 Passenger Cars Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Commercial Vehicles
- 8.3.1 Overview
- 8.3.2 Commercial Vehicles Market Revenue, and Forecast to 2030 (US$ Million)

9. Automotive Tow Bars Market - Geographical Analysis

9.1 Overview
9.2 North America
- 9.2.1 Overview
- 9.2.2 North America Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.2.3 North America Automotive Tow Bars Market Breakdown by Product
- 9.2.4 North America: Automotive Tow Bars Market, by Vehicle type
- 9.2.5 North America Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.2.5.1 North America Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.2.5.2 US Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.2.5.2.1 United States Automotive Tow Bars Market Breakdown by Product
    - 9.2.5.2.2 United States Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.2.5.3 Canada Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.2.5.3.1 Canada Automotive Tow Bars Market Breakdown by Product
    - 9.2.5.3.2 Canada Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.2.5.4 Mexico Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.2.5.4.1 Mexico Automotive Tow Bars Market Breakdown by Product
    - 9.2.5.4.2 Mexico Automotive Tow Bars Market Breakdown by Vehicle type
9.3 Europe
- 9.3.1 Overview
- 9.3.2 Europe Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.3.3 Europe Automotive Tow Bars Market Breakdown by Product
- 9.3.4 Europe: Automotive Tow Bars Market, by Vehicle type
- 9.3.5 Europe Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.3.5.1 Europe Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.3.5.2 Germany Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.2.1 Germany Automotive Tow Bars Market Breakdown by Product
    - 9.3.5.2.2 Germany Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.3.5.3 France Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.3.1 France Automotive Tow Bars Market Breakdown by Product
    - 9.3.5.3.2 France Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.3.5.4 Italy Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.4.1 Italy Automotive Tow Bars Market Breakdown by Product
    - 9.3.5.4.2 Italy Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.3.5.5 UK Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.5.1 UK Automotive Tow Bars Market Breakdown by Product
    - 9.3.5.5.2 UK Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.3.5.6 Russia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.6.1 Russia Automotive Tow Bars Market Breakdown by Product
    - 9.3.5.6.2 Russia Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.3.5.7 Rest of Europe Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.3.5.7.1 Rest of Europe Automotive Tow Bars Market Breakdown by Product
    - 9.3.5.7.2 Rest of Europe Automotive Tow Bars Market Breakdown by Vehicle type
9.4 Asia Pacific Automotive Tow Bars Market
- 9.4.1 Overview
- 9.4.2 Asia Pacific Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.4.3 Asia Pacific Automotive Tow Bars Market Breakdown by Product
- 9.4.4 Asia Pacific: Automotive Tow Bars Market, by Vehicle type
- 9.4.5 Asia Pacific Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.4.5.1 Asia Pacific Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.4.5.2 Australia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.2.1 Australia Automotive Tow Bars Market Breakdown by Product
    - 9.4.5.2.2 Australia Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.4.5.3 China Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.3.1 China Automotive Tow Bars Market Breakdown by Product
    - 9.4.5.3.2 China Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.4.5.4 India Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.4.1 India Automotive Tow Bars Market Breakdown by Product
    - 9.4.5.4.2 India Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.4.5.5 Japan Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.5.1 Japan Automotive Tow Bars Market Breakdown by Product
    - 9.4.5.5.2 Japan Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.4.5.6 South Korea Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.6.1 South Korea Automotive Tow Bars Market Breakdown by Product
    - 9.4.5.6.2 South Korea Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.4.5.7 Rest of Asia Pacific Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.4.5.7.1 Rest of Asia Automotive Tow Bars Market Breakdown by Product
    - 9.4.5.7.2 Rest of Asia Automotive Tow Bars Market Breakdown by Vehicle type
9.5 Middle East & Africa
- 9.5.1 Overview
- 9.5.2 Middle East & Africa Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.5.3 Middle East & Africa Automotive Tow Bars Market Breakdown by Product
- 9.5.4 Middle East & Africa: Automotive Tow Bars Market, by Vehicle type
- 9.5.5 Middle East & Africa Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.5.5.1 Middle East & Africa Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.5.5.2 South Africa Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.2.1 South Africa Automotive Tow Bars Market Breakdown by Product
    - 9.5.5.2.2 South Africa Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.5.5.3 Saudi Arabia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.3.1 Saudi Arabia Automotive Tow Bars Market Breakdown by Product
    - 9.5.5.3.2 Saudi Arabia Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.5.5.4 UAE Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.4.1 UAE Automotive Tow Bars Market Breakdown by Product
    - 9.5.5.4.2 UAE Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.5.5.5 Rest of MEA Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.5.5.5.1 Rest of MEA Automotive Tow Bars Market Breakdown by Product
    - 9.5.5.5.2 Rest of MEA Automotive Tow Bars Market Breakdown by Vehicle type
9.6 South America
- 9.6.1 Overview
- 9.6.2 South America Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
- 9.6.3 South America Automotive Tow Bars Market Breakdown by Product
- 9.6.4 South America: Automotive Tow Bars Market, by Vehicle type
- 9.6.5 South America Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Countries
  - 9.6.5.1 Brazil Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.6.5.1.1 Brazil Automotive Tow Bars Market Breakdown by Product
    - 9.6.5.1.2 Brazil Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.6.5.2 Argentina Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.6.5.2.1 Argentina Automotive Tow Bars Market Breakdown by Product
    - 9.6.5.2.2 Argentina Automotive Tow Bars Market Breakdown by Vehicle type
  - 9.6.5.3 Rest of SAM Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.6.5.3.1 Rest of SAM Automotive Tow Bars Market Breakdown by Product
    - 9.6.5.3.2 Rest of SAM Automotive Tow Bars Market Breakdown by Vehicle type

10. Automotive Tow Bars Market - Impact of COVID-19 Pandemic

10.1 Pre & Post Covid-19 Impact

11. Competitive Landscape

11.1 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 AutoPacific Australia Pty Ltd
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 BOSAL Group
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Brink Group
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 BTA Towing Equipment
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 CURT Manufacturing LLC
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 ORIS
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 PCT Automotive Limited
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Alois Kober GMBH
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 GDW NV
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 North Shore Towbars
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index