Global Towing Equipment Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Towing equipment includes devices and accessories fitted on a vehicle for the purpose of attaching a camper, trailer, etc. Towing equipment includes fifth wheels, hitches, gooseneck hitches, and wiring harnesses for drawbars, weight distribution systems, crossbars, tow sling, tow dollies, ball mounts, towbars, and other towing accessories such as chains, straps, hitch locks, hitch covers, hitch aligners, hitch adapters, fifth-wheel hitch adapters, and anti-rattles.



Scope of the Report:

This report focuses on the Towing Equipment in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

The rising growth of e-commerce industry and the subsequent increase in delivery services is one of the key drivers witnessed in the market during the predicted period. The increasing number of delivery orders and the rising number of courier delivery agencies will boost the sales volume of commercial vehicles that are required to transport goods. This in turn, will fuel the adoption of towing equipment in the e-commerce industry. The delivery service providers are encouraged to purchase light commercial vehicles (LCVs) due to the increasing number of delivery orders. The purchase of LCVs enables them to meet the rising requirement for parcel delivery. This in turn, will boost the demand for towing equipment within LCVs and medium and heavy commercial vehicles (MHCVs) during the forecast period.

One of the key trends that gaining traction in the global towing equipment market during the projected period is the growth of online capabilities. The global automotive aftermarket and retail channels are positively influenced by the increasing popularity of the e-commerce sector. Towing equipment manufacturers are highly benefited by the establishment of a strong online presence which improves the market penetration of several vendors.  

The Americas accounted for the maximum shares during 2017 due to the growth in the automotive market in emerging economies across the region. This in turn, is expected to boost the sales of commercial vehicles and increases the demand for towing equipment in the region. The suppliers of towing equipment are encouraged to carry out manufacturing operation in countries such as China and India due to the low cost of production and the availability of skilled and unskilled labor.

The worldwide market for Towing Equipment is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new report study.



Market Segment by Manufacturers, this report covers

BOSAL

Brink

CURT Manufacturing

Horizon Global



Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

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

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)



Market Segment by Type, covers

Belt Towing Equipment

Crawler Towing Equipment



Market Segment by Applications, can be divided into

Architecture

Transport

Others



There are 15 Chapters to deeply display the global Towing Equipment market.

Chapter 1, to describe Towing Equipment Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Towing Equipment, with sales, revenue, and price of Towing Equipment, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Towing Equipment, for each region, from 2013 to 2018;

Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;

Chapter 12, Towing Equipment market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

Chapter 13, 14 and 15, to describe Towing Equipment sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source