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Nov 13, 2019 6:00 AM ET

Global Automotive Tow Bars Market 2019 Share, Growth, Region Wise Analysis of Top Players, Application, Driver, Existing Trends and Forecasts 2023


Global Automotive Tow Bars Market 2019 Share, Growth, Region Wise Analysis of Top Players, Application, Driver, Existing Trends and Forecasts 2023

iCrowd Newswire - Nov 13, 2019

The “Automotive Tow Bars Market” 2019 is splits into the presence of numerous worldwide and domestic vendors. The level of competition among the players in this marketspace is concentrate especially in terms of value, quality, regulatory acquiescence, and innovation.

To reach a competitive advantage over the other players, the vendors are focusing on Research and Development activities. Furthermore, they are also adopting competitive strategies such as product portfolio expansions and cost reduction to establish their market presence.

Automotive Tow Bars market is giving the major share of 2.51% in 2018 and projected to grow at compound annual growth rate (CAGR) of more than almost 4% during forecast period 2019-2023.

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About this market

In 2018, the non-retractable segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the high sales of fixed tow bars in the aftermarket will play a significant role in the non-retractable segment to maintain its market position. Also, our global automotive tow bars market report looks at factors such as the use of two bars serve as optimum towing equipment, growing use of towable RVs, and increasing availability of tow bars and their accessories in the e-commerce space. However, slowdown in automobile sales worldwide, growing cost pressure on manufacturers of automotive tow bars, and fluctuations in raw material prices may hamper the growth of the automotive tow bars industry over the forecast period.

the report comprises of various company profiles of fundamental market players of Automotive Tow Bars market with thorough market segment in terms of different countries, this report divides the market into a few key countries, with sales (consumption), revenue, market share, and growth rate of the market in these countries over the forecast period 2023.

Regions of Automotive Tow Bars market

Dynamics of Automotive Tow Bars Market

Market Driver: tow bars serve as optimum towing equipment Market Trend: emergence of electric swiveling tow bar Market Challenge: growing cost pressure on manufacturers of automotive tow bars Tow bars serve as an optimum towing equipment Tow bars are often deployed as superior towing equipment in the automotive sector mainly due to their application advantages. Operators of trailers, SUVs, and flat-bed pickup trucks use tow bars as they can be easily attached on the rear bumper of vehicles with minimal installation time and labor requirement. In addition, automotive tow bars are compact in shape and light in weight, which adds to their value proposition. Furthermore, the availability of several types of tow bars in the market helps to cater to the evolving needs of the customers, while meeting the tailor-made requirements of automotive manufacturers. Thus, the increasing use of tow bars as optimum towing equipment will lead to the expansion of the global automotive tow bars market at a CAGR of almost 4% during the forecast period. Emergence of electric swiveling tow bar Market players are introducing electrically-operated tow bars to provide operability convenience to users and enhance the functionalities of traditional tow bars. These bars can be retracted both manually and electrically and easily fitted in limited space. Vendors are optimizing packaging characteristics and minimizing the weight in terms of design and development. Such developments are expected to have a positive impact on the overall market growth.

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PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT 2.1 Preface 2.2 Preface 2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE Market ecosystem Market characteristics Market segmentation analysis PART 04: MARKET SIZING Market definition Market sizing 2018 Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition PART 06: MARKET SEGMENTATION BY TYPE Market segmentation by type Comparison by type Non-retractable – Market size and forecast 2018-2023 Retractable – Market size and forecast 2018-2023 Market opportunity by type PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE Geographic segmentation Geographic comparison Europe – Market size and forecast 2018-2023 North America – Market size and forecast 2018-2023 APAC – Market size and forecast 2018-2023 South America – Market size and forecast 2018-2023 MEA – Market size and forecast 2018-2023 Key leading countries Market opportunity PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES Market drivers Market challenges PART 11: MARKET TRENDS Use of environment-friendly coating on tow bars Advances in manufacturing process of automotive tow bars Emergence of electric swiveling tow bar PART 12: VENDOR LANDSCAPE Overview Landscape disruption Competitive scenario PART 13: VENDOR ANALYSIS Vendors covered Vendor classification Market positioning of vendors Bosal International Brink Group BV Camex Automotive CURT Manufacturing LLC David Murphy Towing GRUPA STEINHOF SPÓŁKA Z OGRANICZONÄ„ ODPOWIEDZIALNOÅšCIÄ„ Horizon Global Corp. McCabe Towbars North Shore Towbars PCT Automotive Ltd. PART 14: APPENDIX Research methodology List of abbreviations Definition of market positioning of vendors PART 15: Conclusion

No. of Pages: – 157

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Contact Us:

Name: Ajay More

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