Gooseneck Hitches Market, By Type (Fixed Gooseneck Hitches and Flip-Over Gooseneck Hitches), By Vehicle Compatibility (Pickup Trucks and Flatbed Trucks), By Capacity (Standard Capacity and High Capacity), By Application Areas (Recreational Towing, Commerc

Gooseneck Hitches Market, By Type (Fixed Gooseneck Hitches and Flip-Over Gooseneck Hitches), By Vehicle Compatibility (Pickup Trucks and Flatbed Trucks), By Capacity (Standard Capacity and High Capacity), By Application Areas (Recreational Towing, Commercial, and Industrial Towing), By End Users (Individual Consumers, Commercial, and Industrial Users), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

The gooseneck hitches market size is estimated to be valued at US$ 502.8 Mn in 2024 and is expected to reach US$ 757.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6% from 2024 to 2031.

Figure 1. Global Gooseneck Hitches Market Share (%), By Region, 2023

Ball hitches which are also known as gooseneck hitches are installed in the truck bed. These are typically used to pull agricultural and horse trailers. Fifth wheel hitches are bigger hitches that fit inside the bed of the tow vehicle and have movable plates. In order to install a gooseneck hitch into a truck, at first, the spare tire must be removed, measured, and a hole is then drilled, bolting the brackets and then hitching head into place, and finally attaching the operational handle. In some configurations, trimming a heat shield or fender liner is also necessary.

Since the gooseneck hitch overlaps with a portion of the truck and centers the weight on the vehicle's back axle rather than the bumper, these trailers are substantially more durable. The load will experience a more comfortable ride as a result of having more control and fewer trailers wobble on both highways and backroads.

Market Dynamics

The major driving factor boosting the gooseneck hitches market growth is the influence of leisure pursuits like boat towing, horse trailering, and Recreational Vehicle (RV) camping. The market expansion increases with engagement of people and their families in these activities. The gooseneck hitches have wide applications in the industrial as well as in the commercial fields which led to its vast expansion in the enterprises that move goods, machinery, and equipment around. As gooseneck hitches have greater stability and payload capability, they are more capable of supporting heavier loads than conventional bumper-mounted hitches and thus used more in commercial and industrial settings. The market for gooseneck hitches has grown significantly with its frequent use in picking up trucks which are valued for their adaptability and pulling power. Growing number of gooseneck hitches’ wide usage among customers shows its significant impact on market expansion as it can be simply integrated into pickup truck beds.

However, the major issue that the gooseneck hitch business faces is the safeguarding compatibility with a broad range of pickup truck models. Also, the initial expenditures that is associated with installing gooseneck hitches, the initial installation prices among budget-conscious buyers, and the restricted compatibility with passenger automobiles limit the adoption of gooseneck hitches for particular towing demands.

Key features of the study:

• This report provides in-depth analysis of the gooseneck hitches market, and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the gooseneck hitches market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include CURT Group, B&W Trailer Hitches, Reese, Draw-Tite, Andersen Hitches, Blue Ox, Pro Series, Equal-i-zer, Buyers Products, Husky Towing, Gen-Y Hitch, Torklift International, PopUp Towing, BulletProof Hitches, and Weigh Safe.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The gooseneck hitches market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the gooseneck hitches market.

Detailed Segmentation:

• Gooseneck Hitches Market, By Type of Gooseneck Hitches:
• Fixed Gooseneck Hitches
• Flip-Over Gooseneck Hitches
• Gooseneck Hitches Market, By Vehicle Compatibility:
• Pickup Trucks
• Flatbed Trucks
• Gooseneck Hitches Market, By Capacity:
• Standard Capacity
• High Capacity
• Gooseneck Hitches Market, By Application Areas:
• Recreational Towing
• Commercial and Industrial Towing
• Gooseneck Hitches Market, By End Users:
• Individual Consumers
• Commercial and Industrial Users
• Gooseneck Hitches Market, By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Top Companies in the Gooseneck Hitches Market:
• CURT Group
• B&W Trailer Hitches
• Reese
• Draw-Tite
• Andersen Hitches
• Blue Ox
• Pro Series
• Equal-i-zer
• Buyers Products
• Husky Towing
• Gen-Y Hitch
• Torklift International
• PopUp Towing
• BulletProof Hitches
• Weigh Safe