Automotive Towbars Market: Product Segmentation

Automotive Towbars Market: Product Segmentation

DMI segments the Global Automotive Tow bars Market by geography into – North America, South America, Europe, Asia-Pacific (APAC), and Middle East and Africa

2021-03-24

Retractable Towbar

Global Automotive Retractable Towbar market valued USD XX million in 2019 and is estimated to reach USD XX million by 2027, growing at a CAGR of XX% during the forecast period 2020 to 2027. Global automotive Retractable Towbar holds 39.5% of the total automotive towbar market and is expected to dominate the market during the forecast period 2020 to 2027. The retractable towbar is widely used in the world due to its advantages such as it is completely invisible in almost every type of car since it is stored behind the bumper and unlike the detachable towbar, not have to dismount this towbar and store it in a different location. However, retractable towbars are not suitable for all types of cars since it cannot be applied to every car having to do with the construction of the car. Not every car offers sufficient room behind the bumper to fold away the towbar. In addition, a retractable towbar offers the same security and strength as compared to a fixed towbar. The ball on which you connect your bike carrier, trailer, caravan, boat trailer or horsebox, always remains fixed to the car. This means it can never break loose during driving. Also, this towbar is maintenance free. Growing caravan culture in the European countries and the United States is expected to increase the sales of retractable towbars during the forecast period 2020 to 2027.

Automotive Fixed Towbar

Global automotive fixed towbar market valued USD XX million in 2019 and is estimated to reach USD XX million by 2027, growing at a CAGR of XX% during the forecast period 2020 to 2027. Global automotive fixed Towbar holds 28.9% of the total automotive towbar market and is expected to grow at a healthy CAGR during the forecast period 2020 to 2027. Fixed towbar is permanently attached to the vehicle and gives the flexibility to use whenever is required. A fixed towbar is commonly a less expensive option over other types of towbars since it has simple design and requires lower or no maintenance. These type towbars are mostly used in commercial vehicles due to these vehicles requiring tow frequently. The United States is the major consumer of these fixed towbars since the production and sales of commercial vehicles are high as compared to other regions in the world in 2019.

The major advantages of fixed towbars are listed below

  • Capable of using accessories like some models of cycle carriers whilst towing
  • Price, flange towbars tend to be cheaper
  • Capable of fitting a towbar and pin system required to pull plant trailers and generators
  • Capable of fitting a bumper protector plate
  • Capable of using height-adjustable couplings, drop plates and spacers to get different towing heights and clearances
  • Capable of putting a butterfly step on (mainly used on commercial vehicles)
  • Tow ball can be upgraded to be used with an AL-KO stabilizer

Increasing sales of commercial vehicles especially in the United States is one of the prime drivers of the global automotive fixed towbar market and is expected to grow at a healthy CAGR during the forecast owing to growing adoption of these towbars in passenger vehicles as well commercial vehicles.

Detachable towbar

Global automotive detachable towbar market valued USD XX million in 2019 and is estimated to reach USD XX million by 2027, growing at a CAGR of XX% during the forecast period 2020 to 2027. Global automotive Detachable Towbar holds 18.9% of the total automotive towbar market and is expected to grow at a healthy CAGR during the forecast period 2020 to 2027. The flange ball towbar features two distinct parts, the towball and the tow neck, which are bolted together to create the towbar. In contrast, the swan neck towbar features the towball and the tow neck as one single solid unit. The most common towbar in Europe is detachable swan neck towbar. This is where the tow ball and the neck are all one piece of the towbar. This type is more popular in the United Kingdom owing to its advantages such as its neat appearance and being narrower. This swan neck towbar is available in both fixed and detachable form. There are many advantages of detachable towbar such as flexible design as no additional accessories can be used.

Moreover, some of the advantages of detachable towbars especially detachable swan neck towbars are listed below

  • The neck of the towbar can be removed leaving the vehicle looking like there is not a towbar fitted and towing capacity is the same as a fixed bar.
  • If parking sensors are fitted to a vehicle the detachable towbar will not interfere once removed
  • Capable of carrying any tow ball mount cycle carrier
  • Compatible with AL-KO and other friction style stabilizers (once the paint is removed off the 50mm ball section)
  • Neck mechanism locks to the vehicle to stop it being stolen

However, the price of swan neck towbars are more expensive than flange towbars. It’s also expensive to replace a lost neck type towbar. Growing consumer interest towards compact construction coupled with stronger and safer solutions is expected to boost the demand for the automotive detachable towbar market during the forecast period 2020 to 2027.

Towing Brackets

Global automotive Towing Brackets market valued USD XX million in 2019 and is estimated to reach USD XX million by 2027, growing at a CAGR of XX % during the forecast period 2020 to 2027. Global automotive Towing Brackets holds 12.7% of the total automotive towbar market and is expected to grow at a healthy CAGR during the forecast period 2020 to 2027. These towing brackets are majorly used for small vans and lorries owing to its capability of handling heavy payloads. Westfalia-Automotive is one of the major suppliers of these towing brackets and they supply towing brackets for small vans and lorries. Towing brackets from Westfalia-Automotive allow service vehicles to tow payloads of up to 40 tons. These towing brackets offer flexibility, these towing brackets can be used either in conjunction with a ball plate or a swap system. Growing use of commercial vehicles to handle high loads is propelling the demand for the global automotive towing brackets market and it is expected to have a significant CAGR over the forecast period 2020 to 2027.

About Us:

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com

Found it interesting?

Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866

We have 5000+ marketing reports and serve across 130+ countries

Tags:

#automotive towbars market, #automotive towbars market, #automotive towbars market size, #automotive towbars market share, #automotive towbars market trends, #automotive towbars market value, #automotive towbars market growth, #automotive towbars market demand, #automotive towbars market industry forecast, #automotive towbars market outlook, #automotive towbars market analysis, #automotive towbars market applications, #automotive towbars market companies, #datamintelligence