Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Tow Bar Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Tow Bar Market Growth?
The tow bar market has seen consistent growth in the past few years. The market size is projected to increase from $6.12 billion in 2024 to $6.41 billion in 2025, observing a compound annual growth rate (CAGR) of 4.7%.
What Is the Predicted Industry Size and CAGR of the Tow Bar Market in 2029?
The Tow Bar Global Market is projected to reach $7.81 billion in 2029, with a compound annual growth rate (CAGR) of 5.0%.
Download the Free Sample Now:
Which Factors Are Driving Growth in the Tow Bar Market?
The key drivers in the tow bar market are:
• Stringent safety regulations driving adoption of tow bars
• Growth in adventure tourism increasing the need for towable equipment
• Rising popularity of caravans and motorhomes creating more demand for tow bars
• Growing interest in off-road activities necessitating the use of tow bars
Which Segment Trends Are Covered in the Tow Bar Market Forecast?
The tow bar market covered in this report is segmented –
1) By Product: Retractable Automotive Towbars, Detachable Automotive Towbars, Fixed Automotive Towbars, Automotive Towing Brackets And Ball Plates
2) By Vehicle Type: Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Sports Utility Vehicles (SUVs), Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Sales Channel: Original Equipment Manufacturer, Original Equipment Supplier, Independent After market
4) By End-Use: Aviation, Automotive, Towing and Recovery, Other End Uses
Explore the Complete Market Report:
What Are the Current Market Trends in the Tow Bar Industry?
The key trends in the tow bar market are:
• The adoption of retractable and detachable tow bars is a significant emerging trend.
• The future of the market will be influenced by advancements in manufacturing techniques.
• An increased focus on innovations such as electric, automated, and motorized tow bar systems is an important trend.
• Another significant trend is the advancements in materials used for tow bars.
Who are the Key Companies in the Tow Bar Market?
Major players in the tow bar market are:
• Lippert Components
• Thule Group
• Trimas Corporation
• AL-KO Vehicle Technology
• Horizon Global Corporation
• Curt Manufacturing
• DexKo Global Inc.
• B&W Trailer Hitches
• Bosal Towbars
• Roadmaster Inc.
• Draw-Tite
• Demco Products
• Westfalia-Automotive GmbH
• Witter Towbars
• Acps Automotive GmbH
• Blue Ox
• Towsure Products Ltd.
• Hayman Reese
• Tow-Trust Towbars
• PCT Automotive Ltd.
• Anderson Hitches
• Rameder Anhängerkupplungen und Autoteile GmbH
• Carasel Towbars
• Gen-Y Hitch
• Towbar Express
What are the Regional Trends Across the Tow Bar Market?
Europe was the largest region in the tow bar market in 2024
