- Press Release -

Rockville, Md. The global automotive tow bars market is set to reach about US$ 6.8 Bn by 2022 on steady growth, according to Fact.MR, as advances in material science and manufacturing lift the functionality and working life of tow bars. Higher-tensile metals and polymers, along with 3D printing of complex parts, are helping manufacturers improve performance.

Retractable tow bars lead the product mix, compact passenger cars are the fastest-growing vehicle segment, and Europe is the most lucrative region. Demand tracks the wider automotive industry closely.

Products, Channels and Vehicles

Retractable tow bars are the largest product type and reach about US$ 2 Bn by 2022, while detachable tow bars are gaining popularity, with Asia Pacific excluding Japan overtaking Europe in that segment at over US$ 440 Mn. On distribution, the independent aftermarket and OEM channels each hold roughly a third of revenue, together near US$ 2 Bn by 2022. By vehicle, compact passenger cars grow fastest at a 3.1% CAGR, ahead of a slower mid-sized segment.

Europe is the most lucrative region, followed by Asia Pacific excluding Japan, which is expected to grow strongly in the coming years, with North America also offering opportunity.

Manufacturing Advances Drive Demand

The market moves with the auto industry and with the pace of innovation. As vehicle production rises, so does tow bar use, and better materials and 3D printing let makers build stronger, more capable designs, supporting steady demand through the forecast period.

Suppliers and Their Playbook

The field brings together specialist towing equipment makers.

• Brink Group B.V., David Murphy Towing Brackets Limited, Dixon Bate Limited, Thule Group, Westfalia Automotive GMBH, and Bosal International N.V. are among the key players in the report.

Reading the Market for Decisions

For suppliers, growth favours retractable and detachable designs built with advanced materials. Investors get a market with steady, production-led demand. Procurement teams can plan around retractable tow bars carrying volume, compact cars leading growth, and Europe offering the largest opportunity while Asia Pacific grows fastest through 2022.

About the Report

Fact.MR's study covers the global automotive tow bars market for the 2017 to 2022 forecast period, with segmentation by product type, sales channel, vehicle type and region. It sizes each segment, maps the competitive field, and weighs the demand forces shaping the market. Further detail is available in the automotive tow bars market report.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.