North America Automotive Tow Bars Market Size and Competitive Analysis by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

North America Automotive Tow Bars Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Detachable Tow Bar, Retractable Tow Bar, Fixed Tow Bar, and Others); Vehicle Type (Passenger Vehicle and Commercial Vehicle); and Country

Report Date : Jul 2020
Report Code : TIPRE00012230

Category : Automotive and Transportation
Status : Published

Available Report Formats :
No. of Pages : 70

Page Updated: Jul 2020

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The North America automotive tow barsmarket was valued at US$ 1,538.99million in 2019 and is projected to reach US$ 1,710.55million by 2027; it is expected to grow at a CAGR of 3.9% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. Technological advancements have led to a highly competitive market in the region as the increasing populations attract several technological developments due to high spending powers. The region has one of the largest automotive manufacturing hubs in the globe. The presence of prominent automotive manufacturers and component manufacturers is propelling the automotive tow bars market value.

The growing sales of passenger cars and commercial vehicles are raising the demand for automotive tow bars. In 2019, the production of passenger cars and commercial vehicles were 16,783,398 units. A foremost opportunity in the North America automotive tow bars market is the use of light-weight materials in order to design tow bars, which would reduce the weight of vehicles and enhance fuel efficiency. Several technological advancements in material science have resulted in a boom in the automotive tow bars market. The developments have allowed the manufacturers to use polymers or metals with higher tensile strengths, which could substantially enhance the functionality of the tow bar and its operational life. The major factor propelling the growth of the automotive tow bars market is the swift development in the manufacturing techniques of tow bars and their materials.

The coronavirus pandemic has had a rapid and severe impact on the North America automotive industry. Symptoms include the closure of assembly plants across the region. Due to this pandemic, the production of passenger and commercial vehicles has stopped, which has affected the market revenues of several manufacturers in the region. The closure of assembly plants has also impacted on the manufacturing of tow bars, which is reflecting negative impact on automotive tow bars market. However, the impact of COVID-19 is short-term; in the next three or four years, the automotive tow bars market is likely to grow at a swift pace.

Mexico Automotive Tow Bars Market Revenue and Forecasts to 2027 (US$ Million)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Automotive Tow Bars Market–Segmentation

North America Automotive Tow Bars Market,by Product

Detachable Tow Bars
Retractable Tow Bars
Fixed Tow Bars
Others

North America Automotive Tow BarsMarket,by Vehicle Type

Passenger Vehicles
Commercial Vehicle

North America Automotive Tow BarsMarket,by Country

US
Canada
Mexico

North America Automotive Tow Bars Market -Companies Mentioned

BOSAL Group
Brink Group
CURT Manufacturing LLC
ORIS

North America Automotive Tow Bars Report Scope

Report Attribute	Details
Market size in 2019	US$ 1,538.99 Million
Market Size by 2027	US$ 1,710.55 Million
Global CAGR (2020 - 2027)	3.9%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Product Detachable Tow Bar Retractable Tow Bar Fixed Tow Bar By Vehicle Type Passenger Vehicle and Commercial Vehicle
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	BOSAL Group Brink Group CURT Manufacturing LLC ORIS

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the North America Automotive Tow Bars Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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