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(Transportation-News.com, January 26, 2019 ) Automotive Tow Bars Market to Witness Modest Growth in APEJ through 2022
After initial sluggishness in 2015, the automotive tow bars market is expected to grow at a moderate pace through 2022, specifically in APEJ region. Increasing demand for cars in developing nations of APEJ is likely to drive the automotive tow bars market in the region. The growth is expected to speed up to 3.7 percent in 2022, from a mere 2.8 percent in 2015. Additionally, rising sale of automotive components has translated into product portfolio diversification and competitive with high demand for safety and reliability.
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Competitive Insights: Global Automotive Tow Bars Market
Manufacturers of automotive tow bars are focusing on developing an innovative range of tow bars—also accelerated by the growing demand for electric and hybrid vehicles. For instance, BOSAL, a leading manufacturer of towbars, holds more than 200 patents and is developing high-quality towbars, with a major focus on safety and fitability with reduced installation time. As a part of its strategic measures ‘Grow-Fix-Divest’, earlier this year, BOSAL Group announced the divestment of its Automotive Carrier and Protection Systems (ACPS)-division and its Aftermarket towbars- division—with an aim to drive organizational growth through innovations and strategic partnerships and acquisitions. Thule Group, in its end of 2016 report, highlighted its success in the sports and cargo carriers category, specifically in Europe with the launch of two very high volume-driving bike carriers. The company hopes to achieve its sustainability goals by 2020 with 100 percent electricity from renewable sources. The report on aircraft tow tractors market includes analysis of the super players, business overview, product offerings, and critical future market strategies. Westfalia Automotive GMBH, Dixon Bate Limited, David Murphy Towing Brackets Limited, and Brink Group B.V.Siemens are amongst the key players.
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About the Report titled “Automotive Tow Bars Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”
This comprehensive study on the global automotive tow bars market assays an assessment on the market, while delivering critical actionable insights on key dynamics shaping the market. The automotive tow bars market is anticipated to record a rather sluggish CAGR in terms of revenue sales by the end of assessment period, 2017-2022. Spread across 14 all-inclusive chapters, the report offers an extensive segment-wise analysis of key regions, cross-sectional data, and forecast.
Global Leaders Advancing Towards Sustainability with Environment-Friendly Coatings on Automotive Tow Bars
To meet strict industry guidelines, manufacturers of automotive tow bars are ensuring environment-friendly coatings on the component that not promises outstanding exterior but also provides highest standard of protection against corrosion. Variants of two component epoxy-based primers are being pegged as the most environment-friendly coating for automotive tow bars owing to its superior mechanical properties and chemical resistance. Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) and HAPs compliant, the primer is based on a waterborne lead- and tin-free formulation that makes it a globally acceptable coatings solution for high contamination resistance. Additionally, increasing demand for lighweighting in the automotive landscape to achieve improved fuel efficiency and reduced emissions has translated into using high thermal strength plastics including polycarbonates.
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Table of Content Covered in the report are
1. 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
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3. 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
3.1.2. Detachable Tow Bars Automotive Tow Bars Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Fixed Tow Bars Automotive Tow Bars Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Towing Brackets (& Ball Plates) Automotive Tow Bars Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
4. Global Automotive Tow Bars Market Analysis and Forecast By Sales Channel
4.1. Global Automotive Tow Bars Market Size and Forecast By Sales Channel, 2012-2022
4.1.1. OEM Automotive Tow Bars Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. OES Automotive Tow Bars Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. IAM Automotive Tow Bars Market Size and Forecast, 2012-2022
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
5. Global Automotive Tow Bars Market Analysis and Forecast By Vehicle Type
5.1. Global Automotive Tow Bars Market Size and Forecast By Vehicle Type, 2012-2022
5.1.1. Compact Passenger Cars Automotive Tow Bars Market Size and Forecast, 2012-2022
5.1.1.1. Revenue (US$ Mn) Comparison, By Region
5.1.1.2. Market Share Comparison, By Region
5.1.1.3. Y-o-Y growth Comparison, By Region
5.1.2. Mid-sized Passenger Cars Automotive Tow Bars Market Size and Forecast, 2012-2022
5.1.2.1. Revenue (US$ Mn) Comparison, By Region
5.1.2.2. Market Share Comparison, By Region
5.1.2.3. Y-o-Y growth Comparison, By Region
5.1.3. Premium Passenger Cars Automotive Tow Bars Market Size and Forecast, 2012-2022
5.1.3.1. Revenue (US$ Mn) Comparison, By Region
5.1.3.2. Market Share Comparison, By Region
5.1.3.3. Y-o-Y growth Comparison, By Region
5.1.4. Luxury Passenger Cars Automotive Tow Bars Market Size and Forecast, 2012-2022
5.1.4.1. Revenue (US$ Mn) Comparison, By Region
5.1.4.2. Market Share Comparison, By Region
5.1.4.3. Y-o-Y growth Comparison, By Region
5.1.5. Light Commercial Vehicles Automotive Tow Bars Market Size and Forecast, 2012-2022
5.1.5.1. Revenue (US$ Mn) Comparison, By Region
5.1.5.2. Market Share Comparison, By Region
5.1.5.3. Y-o-Y growth Comparison, By Region
5.1.6. Heavy Commercial Vehicles Automotive Tow Bars Market Size and Forecast, 2012-2022
5.1.6.1. Revenue (US$ Mn) Comparison, By Region
5.1.6.2. Market Share Comparison, By Region
5.1.6.3. Y-o-Y growth Comparison, By Region
And Continue....
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James Hilton
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