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.
Horizon Global Corporation is a leader of trailer hitch through acquisitions to strengthen its market position, like Horizon Global Corporation acquired Witter Towbars and Westfalia-Automotive in 2013 and 2016. Now Horizon Global Corporation has several brands to produce and sell trailer hitch in the world, like Westfalia-Automotive from Germany, TriMotive, Draw Tite and Reese from United States, Hayman Reese from Australia, Hidden Hitch from Canada while Witter Towbars from UK.
Currently the Trailer Hitch market is dominated by North America and Europe, Asia-Pacific will play a more important role in future, especially in China, Southeast Asia and India etc.
Global Trailer Hitch market size will reach 840 million US$ by 2025, from 660 million US$ in 2018, at a CAGR of 2.9% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Trailer Hitch.
This industry study presents the global Trailer Hitch market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Trailer Hitch production, revenue and market share by manufacturers, key regions and type;
The consumption of Trailer Hitch in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Horizon Global Corporation (US), CURT Manufacturing LLC (US), etc.
The following manufacturers are covered in this report:
Horizon Global Corporation (US)
CURT Manufacturing LLC (US)
B&W Trailer Hitches (US)
Brink Group (Netherlands)
Tow-Trust Towbars Ltd (UK)
GDW Group (Belgium)
Trailer Hitch Breakdown Data by Type
Class I Trailer Hitch
Class II Trailer Hitch
Class III Trailer Hitch
Class IV Trailer Hitch
Class V Trailer Hitch
Trailer Hitch Breakdown Data by Application
Cars, SUV and ATVs
Recreational Vehicle (RV)/Motorhomes
Trailer Hitch Production by Region
Trailer Hitch Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Trailer Hitch status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Trailer Hitch manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Trailer Hitch :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Trailer Hitch market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.