Global Trailer Hitch Market Growth 2023-2029

Global Trailer Hitch Market Growth 2023-2029

A Trailer Hitch (or tow bar) is a device attached to the chassis of a vehicle for towing, or a towbar to an aircraft nose gear.

Tow hitches are known as trailer hitches in North America, but the purpose of use is the same. Trailer hitches usually have two primary configurations, one is the fixed drawbar type and the other is the receiver type. The receiver type includes parts that mount to the vehicle’s frame and also consist of an opening that is rearward facing which takes cargo carriers, hitch racks, detachable ball mounts or other hitch accessories. On the other hand fixed drawbar hitches are built as one piece and consist of a hole that is integrated and these hitches are not aftermarket hitch accessories compatible.

LPI (LP Information)' newest research report, the “Trailer Hitch Industry Forecast” looks at past sales and reviews total world Trailer Hitch sales in 2022, providing a comprehensive analysis by region and market sector of projected Trailer Hitch sales for 2023 through 2029. With Trailer Hitch sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Trailer Hitch industry.

This Insight Report provides a comprehensive analysis of the global Trailer Hitch landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Trailer Hitch portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Trailer Hitch market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Trailer Hitch and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Trailer Hitch.

The global Trailer Hitch market size is projected to grow from US$ 733.2 million in 2022 to US$ 902.3 million in 2029; it is expected to grow at a CAGR of 902.3 from 2023 to 2029.

Global Trailer Hitch main players are Horizon Global Corporation, BOSAL, Brink Group, Tow-Trust Towbars Ltd, etc. Global top four manufacturers hold a share over 50%. Europe is the largest market, with a share nearly 55%.

This report presents a comprehensive overview, market shares, and growth opportunities of Trailer Hitch market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Class I Trailer Hitch
Class II Trailer Hitch
Class III Trailer Hitch
Class IV Trailer Hitch
Class V Trailer Hitch

Segmentation by application
Cars, SUV and ATVs
Recreational Vehicle (RV)/Motorhomes
Vans/Pickup Truck
Boat Trailers
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Horizon Global Corporation (US)
CURT Manufacturing LLC (US)
B&W Trailer Hitches (US)
BOSAL (Belgium)
MVG (Germany)
AL-KO(Sawiko) (Germany)
Brink Group (Netherlands)
Tow-Trust Towbars Ltd (UK)
GDW Group (Belgium)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Trailer Hitch market?

What factors are driving Trailer Hitch market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Trailer Hitch market opportunities vary by end market size?

How does Trailer Hitch break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.