Technavio recognizes the following companies as the key
players in the automotive retractable towbar: Brink Group, Horizon Global,
BOSAL, TriMas, and Thule Group
Commenting on the report, an analyst from Technavio’s team said: “The increasing
demand for HEVs and EVs will positively affect the market’s growth. The high market growth of hybrid and electric
vehicles would also bring in high-power electric vehicles that would be capable
of towing vehicles.”
Looking for more
information on this market? Request a free sample report - https://marketreportscenter.com/request-sample/585328
According to the report, increase in automotive production
is likely to have a positive impact on the influencing this market. Automotive
retractable towbars are offered as standard fitments or additional features in
most of the premium passenger car models offered by large automotive companies.
Further, the report states that high cost of retractable
towbars will affecting this market. Retractable towbars use complex mechanisms
in comparison with other types of towbars. There is less manual labor involved
in retracting the retractable towbar and connecting it with a trailer. Thus,
the average selling price (ASP) of automotive retractable towbars is higher
than that of other towbars.
The study was conducted using an objective combination of
primary and secondary information including inputs from key participants in the
industry. The report contains a comprehensive market and vendor landscape in
addition to a SWOT analysis of the key vendors.
The market is
expected to grow at a CAGR of 2.42%
About Automotive
Retractable Towbar
An automotive retractable towbar is used for towing vehicle.
It has the advantage of tucking it behind or under the bumper of the vehicles
after use. The manual work involved in towing vehicles is lesser when compared
with other types of towbars.
Technavio’s analysts
forecast the Global automotive retractable towbar market to grow at a CAGR of
3.08% during the period 2018-2022.
Browse Full Research
Report with Table of Content @ https://marketreportscenter.com/reports/585328/global-automotive-retractable-towbar-market-2018-2022
Covered in this
report
The report covers the present scenario and the growth
prospects of the automotive retractable towbar. To calculate the market size,
the report considers the revenue generated from the sales of OEM-fitted
products for both passenger and commercial vehicles.
The market is divided
into the following segments based on geography:
·
• Americas
·
• APAC
·
• EMEA
Technavio's report, Global Automotive Retractable Towbar
Market 2018-2022, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
Key vendors
·
• Brink
Group
·
• Horizon
Global
·
• BOSAL
·
• TriMas
·
• Thule
Group
Market driver
·
• Increasing
production of automobiles
·
• For a
full, detailed list, view our report
Market challenge
·
• High cost
of retractable towbars
·
• For a
full, detailed list, view our report
Market trend
·
• Increasing
demand for HEVs and EVs
·
• For a
full, detailed list, view our report
Get Exclusive
Discount on This Report @ https://marketreportscenter.com/request-discount/585328
About Market Reports Center:
Market Reports Center is an e-commerce platform
obliging the needs of knowledge workers, experts, professionals who are subject
to market research information for their work, or to make strategic business
decisions. We are dedicated to create a comprehensive offering of market
research which is accurate, credible and affordable.
Market Reports Center currently has more than 4,
00,000 plus titles and 50+ Publishers on our platform and growing consistently.
We cover more than 35 industry verticals being: Automotive, Electronics,
Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Construction,
Agriculture, Food, Beverages, Banking & Finance, Media and Government,
Public Sector Studies.
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
Email: info@marketreportscenter.com
Website: https://marketreportscenter.com
No comments:
Post a Comment