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Trailer Hitch-Global Market Insights and Sales Trends 2024
Synopsis
A Trailer Hitch (or tow bar) is a device attached to the chassis of a vehicle for towing, or a towbar to an aircraft nose gear.
Tow hitches are known as trailer hitches in North America, but the purpose of use is the same. Trailer hitches usually have two primary configurations, one is the fixed drawbar type and the other is the receiver type. The receiver type includes parts that mount to the vehicle’s frame and also consist of an opening that is rearward facing which takes cargo carriers, hitch racks, detachable ball mounts or other hitch accessories. On the other hand fixed drawbar hitches are built as one piece and consist of a hole that is integrated and these hitches are not aftermarket hitch accessories compatible.
The global Trailer Hitch market size is expected to reach US$ 917.7 million by 2029, growing at a CAGR of 2.9% from 2023 to 2029. The market is mainly driven by the significant applications of Trailer Hitch in various end use industries. The expanding demands from the Cars, SUV and ATVs, Recreational Vehicle (RV)/Motorhomes, Vans/Pickup Truck and Boat Trailers, are propelling Trailer Hitch market. Class I Trailer Hitch, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Class II Trailer Hitch segment is estimated at % CAGR for the next seven-year period.
Global Trailer Hitch main players are Horizon Global Corporation, BOSAL, Brink Group, Tow-Trust Towbars Ltd, etc. Global top four manufacturers hold a share over 50%. Europe is the largest market, with a share nearly 55%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Trailer Hitch, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Trailer Hitch market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Trailer Hitch market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Trailer Hitch sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Trailer Hitch covered in this report include Horizon Global Corporation (US), CURT Manufacturing LLC (US), B&W Trailer Hitches (US), BOSAL (Belgium), MVG (Germany), AL-KO(Sawiko) (Germany), Brink Group (Netherlands), Tow-Trust Towbars Ltd (UK) and GDW Group (Belgium), etc.
The global Trailer Hitch market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Horizon Global Corporation (US)
CURT Manufacturing LLC (US)
B&W Trailer Hitches (US)
BOSAL (Belgium)
MVG (Germany)
AL-KO(Sawiko) (Germany)
Brink Group (Netherlands)
Tow-Trust Towbars Ltd (UK)
GDW Group (Belgium)
Global Trailer Hitch market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Trailer Hitch market, Segment by Type:
Class I Trailer Hitch
Class II Trailer Hitch
Class III Trailer Hitch
Class IV Trailer Hitch
Class V Trailer Hitch
Global Trailer Hitch market, by Application
Cars, SUV and ATVs
Recreational Vehicle (RV)/Motorhomes
Vans/Pickup Truck
Boat Trailers
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Trailer Hitch manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Trailer Hitch in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A Trailer Hitch (or tow bar) is a device attached to the chassis of a vehicle for towing, or a towbar to an aircraft nose gear.
Tow hitches are known as trailer hitches in North America, but the purpose of use is the same. Trailer hitches usually have two primary configurations, one is the fixed drawbar type and the other is the receiver type. The receiver type includes parts that mount to the vehicle’s frame and also consist of an opening that is rearward facing which takes cargo carriers, hitch racks, detachable ball mounts or other hitch accessories. On the other hand fixed drawbar hitches are built as one piece and consist of a hole that is integrated and these hitches are not aftermarket hitch accessories compatible.
The global Trailer Hitch market size is expected to reach US$ 917.7 million by 2029, growing at a CAGR of 2.9% from 2023 to 2029. The market is mainly driven by the significant applications of Trailer Hitch in various end use industries. The expanding demands from the Cars, SUV and ATVs, Recreational Vehicle (RV)/Motorhomes, Vans/Pickup Truck and Boat Trailers, are propelling Trailer Hitch market. Class I Trailer Hitch, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Class II Trailer Hitch segment is estimated at % CAGR for the next seven-year period.
Global Trailer Hitch main players are Horizon Global Corporation, BOSAL, Brink Group, Tow-Trust Towbars Ltd, etc. Global top four manufacturers hold a share over 50%. Europe is the largest market, with a share nearly 55%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Trailer Hitch, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Trailer Hitch market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Trailer Hitch market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Trailer Hitch sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Trailer Hitch covered in this report include Horizon Global Corporation (US), CURT Manufacturing LLC (US), B&W Trailer Hitches (US), BOSAL (Belgium), MVG (Germany), AL-KO(Sawiko) (Germany), Brink Group (Netherlands), Tow-Trust Towbars Ltd (UK) and GDW Group (Belgium), etc.
The global Trailer Hitch market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Horizon Global Corporation (US)
CURT Manufacturing LLC (US)
B&W Trailer Hitches (US)
BOSAL (Belgium)
MVG (Germany)
AL-KO(Sawiko) (Germany)
Brink Group (Netherlands)
Tow-Trust Towbars Ltd (UK)
GDW Group (Belgium)
Global Trailer Hitch market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Trailer Hitch market, Segment by Type:
Class I Trailer Hitch
Class II Trailer Hitch
Class III Trailer Hitch
Class IV Trailer Hitch
Class V Trailer Hitch
Global Trailer Hitch market, by Application
Cars, SUV and ATVs
Recreational Vehicle (RV)/Motorhomes
Vans/Pickup Truck
Boat Trailers
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Trailer Hitch manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Trailer Hitch in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Trailer Hitch Market Overview
1.1 Trailer Hitch Product Overview
1.2 Trailer Hitch Market Segment by Type
1.2.1 Class I Trailer Hitch
1.2.2 Class II Trailer Hitch
1.2.3 Class III Trailer Hitch
1.2.4 Class IV Trailer Hitch
1.2.5 Class V Trailer Hitch
1.3 Global Trailer Hitch Market Size by Type
1.3.1 Global Trailer Hitch Market Size Overview by Type (2018-2029)
1.3.2 Global Trailer Hitch Historic Market Size Review by Type (2018-2023)
1.3.3 Global Trailer Hitch Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Trailer Hitch Sales Breakdown by Type (2018-2023)
1.4.2 Europe Trailer Hitch Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Trailer Hitch Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Trailer Hitch Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Trailer Hitch Sales Breakdown by Type (2018-2023)
2 Global Trailer Hitch Market Competition by Company
2.1 Global Top Players by Trailer Hitch Sales (2018-2023)
2.2 Global Top Players by Trailer Hitch Revenue (2018-2023)
2.3 Global Top Players by Trailer Hitch Price (2018-2023)
2.4 Global Top Manufacturers Trailer Hitch Manufacturing Base Distribution, Sales Area, Product Type
2.5 Trailer Hitch Market Competitive Situation and Trends
2.5.1 Trailer Hitch Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Trailer Hitch Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Trailer Hitch as of 2022)
2.7 Date of Key Manufacturers Enter into Trailer Hitch Market
2.8 Key Manufacturers Trailer Hitch Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Trailer Hitch Status and Outlook by Region
3.1 Global Trailer Hitch Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Trailer Hitch Historic Market Size by Region
3.2.1 Global Trailer Hitch Sales in Volume by Region (2018-2023)
3.2.2 Global Trailer Hitch Sales in Value by Region (2018-2023)
3.2.3 Global Trailer Hitch Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Trailer Hitch Forecasted Market Size by Region
3.3.1 Global Trailer Hitch Sales in Volume by Region (2024-2029)
3.3.2 Global Trailer Hitch Sales in Value by Region (2024-2029)
3.3.3 Global Trailer Hitch Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Trailer Hitch by Application
4.1 Trailer Hitch Market Segment by Application
4.1.1 Cars, SUV and ATVs
4.1.2 Recreational Vehicle (RV)/Motorhomes
4.1.3 Vans/Pickup Truck
4.1.4 Boat Trailers
4.1.5 Others
4.2 Global Trailer Hitch Market Size by Application
4.2.1 Global Trailer Hitch Market Size Overview by Application (2018-2029)
4.2.2 Global Trailer Hitch Historic Market Size Review by Application (2018-2023)
4.2.3 Global Trailer Hitch Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Trailer Hitch Sales Breakdown by Application (2018-2023)
4.3.2 Europe Trailer Hitch Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Trailer Hitch Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Trailer Hitch Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Trailer Hitch Sales Breakdown by Application (2018-2023)
5 North America Trailer Hitch by Country
5.1 North America Trailer Hitch Historic Market Size by Country
5.1.1 North America Trailer Hitch Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Trailer Hitch Sales in Volume by Country (2018-2023)
5.1.3 North America Trailer Hitch Sales in Value by Country (2018-2023)
5.2 North America Trailer Hitch Forecasted Market Size by Country
5.2.1 North America Trailer Hitch Sales in Volume by Country (2024-2029)
5.2.2 North America Trailer Hitch Sales in Value by Country (2024-2029)
6 Europe Trailer Hitch by Country
6.1 Europe Trailer Hitch Historic Market Size by Country
6.1.1 Europe Trailer Hitch Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Trailer Hitch Sales in Volume by Country (2018-2023)
6.1.3 Europe Trailer Hitch Sales in Value by Country (2018-2023)
6.2 Europe Trailer Hitch Forecasted Market Size by Country
6.2.1 Europe Trailer Hitch Sales in Volume by Country (2024-2029)
6.2.2 Europe Trailer Hitch Sales in Value by Country (2024-2029)
7 Asia-Pacific Trailer Hitch by Region
7.1 Asia-Pacific Trailer Hitch Historic Market Size by Region
7.1.1 Asia-Pacific Trailer Hitch Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Trailer Hitch Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Trailer Hitch Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Trailer Hitch Forecasted Market Size by Region
7.2.1 Asia-Pacific Trailer Hitch Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Trailer Hitch Sales in Value by Region (2024-2029)
8 Latin America Trailer Hitch by Country
8.1 Latin America Trailer Hitch Historic Market Size by Country
8.1.1 Latin America Trailer Hitch Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Trailer Hitch Sales in Volume by Country (2018-2023)
8.1.3 Latin America Trailer Hitch Sales in Value by Country (2018-2023)
8.2 Latin America Trailer Hitch Forecasted Market Size by Country
8.2.1 Latin America Trailer Hitch Sales in Volume by Country (2024-2029)
8.2.2 Latin America Trailer Hitch Sales in Value by Country (2024-2029)
9 Middle East and Africa Trailer Hitch by Country
9.1 Middle East and Africa Trailer Hitch Historic Market Size by Country
9.1.1 Middle East and Africa Trailer Hitch Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Trailer Hitch Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Trailer Hitch Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Trailer Hitch Forecasted Market Size by Country
9.2.1 Middle East and Africa Trailer Hitch Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Trailer Hitch Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Horizon Global Corporation (US)
10.1.1 Horizon Global Corporation (US) Company Information
10.1.2 Horizon Global Corporation (US) Introduction and Business Overview
10.1.3 Horizon Global Corporation (US) Trailer Hitch Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Horizon Global Corporation (US) Trailer Hitch Products Offered
10.1.5 Horizon Global Corporation (US) Recent Development
10.2 CURT Manufacturing LLC (US)
10.2.1 CURT Manufacturing LLC (US) Company Information
10.2.2 CURT Manufacturing LLC (US) Introduction and Business Overview
10.2.3 CURT Manufacturing LLC (US) Trailer Hitch Sales, Revenue and Gross Margin (2018-2023)
10.2.4 CURT Manufacturing LLC (US) Trailer Hitch Products Offered
10.2.5 CURT Manufacturing LLC (US) Recent Development
10.3 B&W Trailer Hitches (US)
10.3.1 B&W Trailer Hitches (US) Company Information
10.3.2 B&W Trailer Hitches (US) Introduction and Business Overview
10.3.3 B&W Trailer Hitches (US) Trailer Hitch Sales, Revenue and Gross Margin (2018-2023)
10.3.4 B&W Trailer Hitches (US) Trailer Hitch Products Offered
10.3.5 B&W Trailer Hitches (US) Recent Development
10.4 BOSAL (Belgium)
10.4.1 BOSAL (Belgium) Company Information
10.4.2 BOSAL (Belgium) Introduction and Business Overview
10.4.3 BOSAL (Belgium) Trailer Hitch Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BOSAL (Belgium) Trailer Hitch Products Offered
10.4.5 BOSAL (Belgium) Recent Development
10.5 MVG (Germany)
10.5.1 MVG (Germany) Company Information
10.5.2 MVG (Germany) Introduction and Business Overview
10.5.3 MVG (Germany) Trailer Hitch Sales, Revenue and Gross Margin (2018-2023)
10.5.4 MVG (Germany) Trailer Hitch Products Offered
10.5.5 MVG (Germany) Recent Development
10.6 AL-KO(Sawiko) (Germany)
10.6.1 AL-KO(Sawiko) (Germany) Company Information
10.6.2 AL-KO(Sawiko) (Germany) Introduction and Business Overview
10.6.3 AL-KO(Sawiko) (Germany) Trailer Hitch Sales, Revenue and Gross Margin (2018-2023)
10.6.4 AL-KO(Sawiko) (Germany) Trailer Hitch Products Offered
10.6.5 AL-KO(Sawiko) (Germany) Recent Development
10.7 Brink Group (Netherlands)
10.7.1 Brink Group (Netherlands) Company Information
10.7.2 Brink Group (Netherlands) Introduction and Business Overview
10.7.3 Brink Group (Netherlands) Trailer Hitch Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Brink Group (Netherlands) Trailer Hitch Products Offered
10.7.5 Brink Group (Netherlands) Recent Development
10.8 Tow-Trust Towbars Ltd (UK)
10.8.1 Tow-Trust Towbars Ltd (UK) Company Information
10.8.2 Tow-Trust Towbars Ltd (UK) Introduction and Business Overview
10.8.3 Tow-Trust Towbars Ltd (UK) Trailer Hitch Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Tow-Trust Towbars Ltd (UK) Trailer Hitch Products Offered
10.8.5 Tow-Trust Towbars Ltd (UK) Recent Development
10.9 GDW Group (Belgium)
10.9.1 GDW Group (Belgium) Company Information
10.9.2 GDW Group (Belgium) Introduction and Business Overview
10.9.3 GDW Group (Belgium) Trailer Hitch Sales, Revenue and Gross Margin (2018-2023)
10.9.4 GDW Group (Belgium) Trailer Hitch Products Offered
10.9.5 GDW Group (Belgium) Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Trailer Hitch Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Trailer Hitch Industrial Chain Analysis
11.4 Trailer Hitch Market Dynamics
11.4.1 Trailer Hitch Industry Trends
11.4.2 Trailer Hitch Market Drivers
11.4.3 Trailer Hitch Market Challenges
11.4.4 Trailer Hitch Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Trailer Hitch Distributors
12.3 Trailer Hitch Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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