Automotive Tow Bars Market Poised to Witness Robust Growth at a CAGR of 2.8% and Value to Reach US$6.8 Bn by 2022 End

Posted on 2018-06-07 by Mark Hub in Automotive // 0 Comments

Rockville, US, 2018-Jun-07 — /EPR Network/ — The rapidly expanding automotive towbar market is the focus of a new report added to the market intelligence repository of Fact.MR. This 170-page broad study is headlined as “Automotive Towbars Market Research Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which noticeably examines the prospects of the global automotive towbar industry till the end of 2022, using the market’s development trajectory in the recent past as the key indicator of actionable insights into the market’s growth pattern. A blend of primary & secondary research has been implemented for offering estimates and forecasts on the concerned market.

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Retractable Towbars Largest Segment in Automotive Towbars Market

The retractable towbar segment comprises more than a quarter revenue share in the automotive towbar market by product type and is poised to be worth almost US$ 1.9 billion by end 2022. Even though Europe represents the largest region in this segment, companies are advised to target Latin America also as this dynamic, fast-growing region is estimated to record the highest CAGR.

Detachable Towbars to Gain Popularity in Automotive Towbars Market

Detachable towbars account for a slightly lesser contribution in terms of product type in the automotive towbars Market. APEJ is anticipated to push past Europe by the end of the forecast period and be worth just over US$ 442 million. However, Europe cannot be ignored at the cost of APEJ and key stakeholders in the automotive towbars Market are advised to devise their long-term strategies accordingly.

IAM and OEM Segment Have Similar Market Opportunity

The IAM and OEM segment have a similar market as both have a revenue share of approx. 1/3^rd in the automotive towbar market. This equates to a market value of nearly US$ 2.4 billion by the end of the study period, making them extremely lucrative opportunities in the automotive towbar market. Along with Europe, companies could look at targeting either North America or APEJ as these regions have the greatest potential in the automotive towbar market.

Close Call Between Compact and Mid-sized Passenger Cars

It is a closely fought battle between compact cars and mid-sized passenger cars in the automotive towbar market with the former currently leading. Companies that wish to focus on the compact segment in the automotive towbar market are recommended to focus on either Europe or APEJ as these two regions are on track to exceed half a billion dollars by end 2022.

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Table of Contents:

Global Automotive Tow Bars Market – Executive Summary
2. Global Automotive Tow Bars Market Overview
2.1. Introduction
2.1.1. Global Automotive Tow Bars Market Taxonomy
2.1.2. Global Automotive Tow Bars Market Definition
2.2. Global Automotive Tow Bars Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Tow Bars Market Y-o-Y Growth
2.3. Global Automotive Tow Bars Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
Global Automotive Tow Bars Market Analysis and Forecast By Product Type
3.1. Global Automotive Tow Bars Market Size and Forecast By Product Type, 2012-2022
3.1.1. Retractable Tow Bars Automotive Tow Bars Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region

Continued……..

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