Towing Equipment Market

Towing equipment includes devices and accessories fitted on a vehicle for the purpose of attaching a camper, trailer, etc. Towing equipment includes fifth wheels, hitches, gooseneck hitches, and wiring harnesses for drawbars, weight distribution systems, crossbars, tow sling, tow dollies, ball mounts, towbars, and other towing accessories such as chains, straps, hitch locks, hitch covers, hitch aligners, hitch adapters, fifth-wheel hitch adapters, and anti-rattles.
Towing Equipment Market aims to provide a comprehensive presentation of the global market for Towing Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Towing Equipment. Towing Equipment Market contains market size and forecasts of Towing Equipment in global, including the following market information:
Global Towing Equipment Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Towing Equipment Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Towing Equipment companies in 2022 (%)
The global Towing Equipment market was valued at US$ 10060 million in 2022 and is projected to reach US$ 12670 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The rising growth of e-commerce industry and the subsequent increase in delivery services is one of the key drivers witnessed in the market during the predicted period. The increasing number of delivery orders and the rising number of courier delivery agencies will boost the sales volume of commercial vehicles that are required to transport goods. This in turn, will fuel the adoption of towing equipment in the e-commerce industry. The delivery service providers are encouraged to purchase light commercial vehicles (LCVs) due to the increasing number of delivery orders. The purchase of LCVs enables them to meet the rising requirement for parcel delivery. This in turn, will boost the demand for towing equipment within LCVs and medium and heavy commercial vehicles (MHCVs) during the forecast period.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Towing Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Towing Equipment Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Towing Equipment Market Segment Percentages, by Type, 2022 (%)
Belt Towing Equipment
Crawler Towing Equipment
Global Towing Equipment Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Towing Equipment Market Segment Percentages, by Application, 2022 (%)
Architecture
Transport
Others
Global Towing Equipment Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Towing Equipment Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Towing Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Towing Equipment revenues share in global market, 2022 (%)
Key companies Towing Equipment sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Towing Equipment sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
BOSAL
Brink
CURT Manufacturing
Horizon Global
Outline of Major Chapters:
Chapter 1: Introduces the definition of Towing Equipment, market overview.
Chapter 2: Global Towing Equipment market size in revenue and volume.
Chapter 3: Detailed analysis of Towing Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Towing Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Towing Equipment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.