Global towing equipment market 2024-2028

Description

List of Tables

Technavio has been monitoring the towing equipment market and is forecast to grow by USD 2086.7 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. Our report on the towing equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing motorization in emerging countries, progressing requirement of commercial vehicles for road mode of freight transport, and increasing demand for commercial vehicles due to globalization.

Technavio's towing equipment market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.11%
CAGR	4.36%
Incremental Value	$2086.7mn

By Application

Passenger cars
Commercial vehicles

By Product Type

Boom
Hook and chain
Wheel lift
Integrated
Flat bed

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the consolidation in the industry and distribution channels as one of the prime reasons driving the towing equipment market growth during the next few years. Also, growth of online capabilities and outsourcing of design and manufacturing of vehicle parts and systems will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the towing equipment market covers the following areas:

Towing equipment market sizing
Towing equipment market forecast
Towing equipment market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading towing equipment market vendors that include Andersen Hitches, B and W Trailer Hitches, Bosal Nederland BV, Brinkgroup., Butler Products, CAMCO MANUFACTURING LLC., CURT Manufacturing LLC, Demco Products, Fastway Trailer Products, First Brands Group, Hopkins Manufacturing Corp., John Bean Technologies Corp., Maini Materials Movement Pvt. Ltd., Maxx Group LLC, Mumby Manufacturing Ltd., Pulliam Enterprises Inc., Rigid Hitch Inc., Technosys Equipments Pvt. Ltd., Winston Products LLC, and Youngs Welding Inc.. Also, the towing equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR45799

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Towing Equipment Market 2018 - 2022
- Historic Market Size - Data Table on Global Towing Equipment Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Product Type segment analysis 2018 - 2022
- Historic Market Size - Product Type Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Passenger cars - Market size and forecast 2023-2028
- Chart on Passenger cars - Market size and forecast 2023-2028 ($ million)
- Data Table on Passenger cars - Market size and forecast 2023-2028 ($ million)
- Chart on Passenger cars - Year-over-year growth 2023-2028 (%)
- Data Table on Passenger cars - Year-over-year growth 2023-2028 (%)
6.4 Commercial vehicles - Market size and forecast 2023-2028
- Chart on Commercial vehicles - Market size and forecast 2023-2028 ($ million)
- Data Table on Commercial vehicles - Market size and forecast 2023-2028 ($ million)
- Chart on Commercial vehicles - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial vehicles - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product Type

7.1 Market segments
- Chart on Product Type - Market share 2023-2028 (%)
- Data Table on Product Type - Market share 2023-2028 (%)
7.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
7.3 Boom - Market size and forecast 2023-2028
- Chart on Boom - Market size and forecast 2023-2028 ($ million)
- Data Table on Boom - Market size and forecast 2023-2028 ($ million)
- Chart on Boom - Year-over-year growth 2023-2028 (%)
- Data Table on Boom - Year-over-year growth 2023-2028 (%)
7.4 Hook and chain - Market size and forecast 2023-2028
- Chart on Hook and chain - Market size and forecast 2023-2028 ($ million)
- Data Table on Hook and chain - Market size and forecast 2023-2028 ($ million)
- Chart on Hook and chain - Year-over-year growth 2023-2028 (%)
- Data Table on Hook and chain - Year-over-year growth 2023-2028 (%)
7.5 Wheel lift - Market size and forecast 2023-2028
- Chart on Wheel lift - Market size and forecast 2023-2028 ($ million)
- Data Table on Wheel lift - Market size and forecast 2023-2028 ($ million)
- Chart on Wheel lift - Year-over-year growth 2023-2028 (%)
- Data Table on Wheel lift - Year-over-year growth 2023-2028 (%)
7.6 Integrated - Market size and forecast 2023-2028
- Chart on Integrated - Market size and forecast 2023-2028 ($ million)
- Data Table on Integrated - Market size and forecast 2023-2028 ($ million)
- Chart on Integrated - Year-over-year growth 2023-2028 (%)
- Data Table on Integrated - Year-over-year growth 2023-2028 (%)
7.7 Flat bed - Market size and forecast 2023-2028
- Chart on Flat bed - Market size and forecast 2023-2028 ($ million)
- Data Table on Flat bed - Market size and forecast 2023-2028 ($ million)
- Chart on Flat bed - Year-over-year growth 2023-2028 (%)
- Data Table on Flat bed - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
- Data Table on Market opportunity by Product Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Andersen Hitches
- Andersen Hitches - Overview
- Andersen Hitches - Product / Service
- Andersen Hitches - Key offerings
12.4 B and W Trailer Hitches
- B and W Trailer Hitches - Overview
- B and W Trailer Hitches - Product / Service
- B and W Trailer Hitches - Key offerings
12.5 Bosal Nederland BV
- Bosal Nederland BV - Overview
- Bosal Nederland BV - Product / Service
- Bosal Nederland BV - Key offerings
12.6 Brinkgroup.
- Brinkgroup. - Overview
- Brinkgroup. - Product / Service
- Brinkgroup. - Key offerings
12.7 Butler Products
- Butler Products - Overview
- Butler Products - Product / Service
- Butler Products - Key offerings
12.8 CAMCO MANUFACTURING LLC.
- CAMCO MANUFACTURING LLC. - Overview
- CAMCO MANUFACTURING LLC. - Product / Service
- CAMCO MANUFACTURING LLC. - Key offerings
12.9 CURT Manufacturing LLC
- CURT Manufacturing LLC - Overview
- CURT Manufacturing LLC - Product / Service
- CURT Manufacturing LLC - Key offerings
12.10 Demco Products
- Demco Products - Overview
- Demco Products - Product / Service
- Demco Products - Key offerings
12.11 Fastway Trailer Products
- Fastway Trailer Products - Overview
- Fastway Trailer Products - Product / Service
- Fastway Trailer Products - Key offerings
12.12 First Brands Group
- First Brands Group - Overview
- First Brands Group - Product / Service
- First Brands Group - Key offerings
12.13 Hopkins Manufacturing Corp.
- Hopkins Manufacturing Corp. - Overview
- Hopkins Manufacturing Corp. - Product / Service
- Hopkins Manufacturing Corp. - Key offerings
12.14 John Bean Technologies Corp.
- John Bean Technologies Corp. - Overview
- John Bean Technologies Corp. - Business segments
- John Bean Technologies Corp. - Key news
- John Bean Technologies Corp. - Key offerings
- John Bean Technologies Corp. - Segment focus
12.15 Maxx Group LLC
- Maxx Group LLC - Overview
- Maxx Group LLC - Product / Service
- Maxx Group LLC - Key offerings
12.16 Mumby Manufacturing Ltd.
- Mumby Manufacturing Ltd. - Overview
- Mumby Manufacturing Ltd. - Product / Service
- Mumby Manufacturing Ltd. - Key offerings
12.17 Pulliam Enterprises Inc.
- Pulliam Enterprises Inc. - Overview
- Pulliam Enterprises Inc. - Product / Service
- Pulliam Enterprises Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations