2020 North America Automotive Tow Bars Market: COVID-19 Impact & Regional Analysis - ResearchAndMarkets.com

DUBLIN--()--The "North America Automotive Tow Bars Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product; Vehicle Type; and Country" report has been added to ResearchAndMarkets.com's offering.

The North America automotive tow bars market was valued at US$ 1,538.99 million in 2019 and is projected to reach US$ 1,710.55 million by 2027; it is expected to grow at a CAGR of 3.9% from 2020 to 2027. The North America automotive tow bars market is analyzed on basis of country as the US, Canada, and Mexico. The production and adoption of passenger vehicles and commercial vehicles is considerably higher in the US, owing to this, the demand for towing bars is also high in the country. The US population continues to procure higher volumes of vehicles, which demands towing bars. This factor is catalyzing the growth of automotive tow bars market. The automotive tow bars market in Canada and Mexico on the other hand is progressing steadily as the disposable income among the Canadian ad Mexicans is surging, which is leading the population to purchase vehicles, thereby demanding tow bars.

Tow bars are used for pulling carriers, trailers, and campers for leisure and commercial purposes. Tow bars are attached to the vehicle chassis and consist of a neck with tow ball, which helps to pull the carrier. Various passenger vehicle manufacturer such as Ford Motor Company and General Motors offer factory-fitted tow bars. Moreover, the demand for tow bars for commercial vehicles such as vans, trucks, pick-ups, tippers, busses, and coaches are increasing owing to the growing popularity of adventure sports. Also, the growing sales of vehicles in the regions is also expected to support the growth of automotive tow bars market.

The continuous growth of infected individuals has forced the government to impose lockdown across the nation's borders. The majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to the past, and the automotive industry is at a halt, which is negatively impacting the automotive tow bar market.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America automotive tow bars market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America automotive tow bars market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction

1.1 Study Scope

1.2 Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Automotive Tow Bars Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Automotive Tow Bars Market - Key Market Dynamics

5.1 Market Drivers

5.2 Market Restraints

5.3 Market Opportunities

5.4 Future Trends

5.5 Impact Analysis of Drivers and Restraints

6. Automotive Tow Bars Market - North America Analysis

6.1 Automotive Tow Bars Market North America Overview

6.2 Automotive Tow Bars Market - Revenue and Forecast to 2027 (US$ Million)

6.3 Market Positioning - Five Key Players

7. Automotive Tow Bars Market Analysis - By Product

7.1 Overview

7.2 Automotive Tow Bars Market Breakdown, by Product, 2019 & 2027

7.3 Retractable Tow Bar

7.4 Fixed System

7.5 Detachable System

7.6 Others

8. Automotive Tow bars Market Analysis - By Vehicle Type

8.1 Overview

8.2 Automotive Tow Bars Market , By Vehicle Type (2019 and 2027)

8.3 Passenger Vehicle

8.4 Commercial Vehicle

9. Automotive Tow Bars Market - Country Analysis

9.1 Overview

9.2 Automotive Tow Bars Market, By Country (2019 and 2027)

9.2.1 North America: Automotive Tow Bars Market, by Key Country

9.2.1.1 US: Automotive Tow Bars Market - Revenue and Forecast to 2027 (US$ Million)

9.2.1.2 Canada: Automotive Tow Bars Market - Revenue and Forecast to 2027 (US$ Million)

9.2.1.3 Mexico: Automotive Tow Bars Market - Revenue and Forecast to 2027 (US$ Million)

9.3 Impact of Coronavirus Outbreak

10. Industry Landscape

10.1 Market Initiative

11. Company Profiles

11.1 BOSAL Group

11.2 Brink Group

11.3 CURT Manufacturing LLC

11.4 ORIS

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900