Global Passenger Car Towbar Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Passenger Car Towbar market size was valued at US$ 1350 million in 2024 and is forecast to a readjusted size of USD 1714 million by 2031 with a CAGR of 3.6% during review period.

A passenger car towbar, also known as a trailer hitch, is an essential component designed to enable vehicles to tow trailers, caravans, or other types of load-bearing units. These devices are crucial for drivers who need to transport additional cargo or engage in recreational activities that require towing.

Passenger Car Towbar mainly includes Fixed Towbar, Detachable Towbar and Retractable Towbar. Fixed Towbar accounts for 60% market share in terms of sales in 2023.

The current Passenger Car Towbar market is dominated by fixed tow bars, especially in the European market. However, more and more car owners are willing to choose detachable tow bars to increase practicality. It is believed that the proportion of detachable towbar will continue to grow in the future and become the mainstream option in the industry. Retractable tow bars are generally used in higher-end vehicles, and manufacturers directly purchase them from other retractable tow bars manufacturers as factory accessories for high-end vehicles or electric vehicles. The proportion of large vehicles in the US market is high, and fixed tow bars are indeed more reliable and durable in practice, which has also led to North American users preferring fixed tow bars as the first choice. However, as electric vehicles such as Tesla are increasingly equipped with retractable tow bars instead of traditional fixed ones, the long-standing stable market share of fixed tow bars will be impacted.

In the automotive industry, the popularity of electric vehicles is increasing. Since many electric vehicles come with retractable tow bars, this has also driven the development of the Passenger Car Towbar market. However, many industry insiders still hold a conservative view on the drive brought by electric vehicles. It is generally believed that the demand for tow bars from electric vehicles is still only a small part and will not be a large market in the short term.

This report is a detailed and comprehensive analysis for global Passenger Car Towbar market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Passenger Car Towbar market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Passenger Car Towbar market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Passenger Car Towbar market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Passenger Car Towbar market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Passenger Car Towbar

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Passenger Car Towbar market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ACPS Automotive, Brink (DexKo Global Inc.), Westfalia-Automotive, CURT Manufacturing LLC, Jilin Universal Machinery, GDW Group, Witter Towbars, PCT Automotive, Tow-Trust Towbars Ltd, Bosal International, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Passenger Car Towbar market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Detachable Towbar
Retractable Towbar
Fixed Towbar

Market segment by Application
OEM
Aftermarket

Major players covered
ACPS Automotive
Brink (DexKo Global Inc.)
Westfalia-Automotive
CURT Manufacturing LLC
Jilin Universal Machinery
GDW Group
Witter Towbars
PCT Automotive
Tow-Trust Towbars Ltd
Bosal International
Jiechang
Exquisite Automotive

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Passenger Car Towbar product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Passenger Car Towbar, with price, sales quantity, revenue, and global market share of Passenger Car Towbar from 2020 to 2025.

Chapter 3, the Passenger Car Towbar competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Passenger Car Towbar breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Passenger Car Towbar market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Passenger Car Towbar.

Chapter 14 and 15, to describe Passenger Car Towbar sales channel, distributors, customers, research findings and conclusion.