Europe Automotive Tow Bars Market Forecast to 2030 - Regional Analysis - By Product (Fixed Tow Bars, Detachable Tow Bars, Retractable Tow Bars, and Others) and Vehicle Type (Passenger Cars and Commercial Vehicle)

List of Tables

The Europe automotive tow bars market was valued at US$ 1,886.91 million in 2022 and is expected to reach US$ 2,508.49 million by 2030; it is estimated to grow at a CAGR of 3.6% from 2022 to 2030.

Integration Smart technology Drives Europe Automotive Tow Bars Market

Smart tow bars equipped with wireless connectivity and remote-control capabilities make it easier for users to manage towing tasks. Users can control the tow bar from their smartphone or tablet, eliminating the need for manual adjustments and simplifying the hitching and unhitching process. In April 2023, Ford, renowned for producing top-selling F-Series trucks, unveiled groundbreaking technology that utilizes Artificial Intelligence (AI) to simplify the process of hitching a truck and trailer, making it as effortless as the push of a button. Manufacturers offering innovative and technologically advanced smart tow bars can differentiate themselves in a competitive market and attract tech-savvy consumers looking for modern towing solutions. The BYD launched Atto 3, an attractive compact electric SUV known for its sleek and sporty design, equipped with an array of advanced smart technologies and features. The BYD Atto 3 CL4, built from June 2022, is equipped with the Hayman Reese Class 4 tow bar. It is designed to fully capitalize on the vehicle's 750kg tow rating, making it a versatile choice that caters to a wide range of towing requirements. Additionally, this towbar installation benefits from the user-friendly SmartClick wiring harness, simplifying the towing process for added convenience and safety. Thus, the integration of smart technology with automotive tow bars is anticipated to offer promising opportunities for the Europe automotive tow bars market during the forecast period.

Europe Automotive Tow Bars Market Overview

Germany, France, the UK, and Italy are among the major countries in Europe. In Europe, the automotive industry is important for the region's prosperity. To reinforce the competitiveness of the region's automotive sector and preserve its global technological leadership, the European Commission aids global technological organizations offers to fund R&D. The region is the leading producer of passenger vehicles, and several premium passenger vehicle manufacturers are based in the region such as Ford of Europe, Hyundai Motor Europe, Iveco, and Volkswagen. The European Automobile Manufacturers' Association, or ACEA, stated in 2021 that vehicle production in Europe was 16.24 million units. The growing production of commercial and passenger vehicles is likely to surge the demand for automotive tow bars. In the region, caravans are becoming increasingly popular with holidaymakers; by sourcing a caravan tow bar, one can then have the option of towing an additional trailer, for instance, which could house anything, such as sports equipment, motorbikes, larger electrical goods, and smaller vehicles. Thus, this factor is fueling the growth of the market.

Europe Automotive Tow Bars Market Revenue and Forecast to 2030 (US$ Million)

Europe Automotive Tow Bars Market Segmentation

The Europe automotive tow bars market is segmented based on product, vehicle type, and country.

Based on product, the Europe automotive tow bars market is segmented into fixed tow bars, detachable tow bars, retractable tow bars, and others. The detachable tow bars segment held the largest share in 2022.

In terms of vehicle type, the Europe automotive tow bars market is bifurcated into passenger cars and commercial vehicle. The passenger cars segment held a larger share in 2022.

Based on country, the Europe automotive tow bars market is categorized into Germany, France, Italy, the UK, Russia, DACH (Exl. Germany), Benelux, Nordic, Iberia, Poland, and the Rest of Europe. Germany dominated the Europe automotive tow bars market in 2022.

BOSAL Group, Brink Group, ORIS, PCT Automotive Limited, Alois Kober GMBH, and GDW NV are some of the leading companies operating in the Europe automotive tow bars market.

Product Code: TIPRE00012190

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe Automotive Tow Bars Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Manufacturers
- 4.2.2 Wholesalers
- 4.2.3 Distributors and Retailers
- 4.2.4 Installation Service Providers
- 4.2.5 After Service Segment

5. Europe Automotive Tow Bars Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Increased Automotive Production
- 5.1.2 Growing Popularity of Foldable and Retractable Tow Bars
- 5.1.3 Tow Bars Serve as an Optimum Towing Equipment
5.2 Market Restraints
- 5.2.1 Preference for Rental Towing Services
- 5.2.2 High Cost of Automotive Tow Bars
5.3 Market Opportunities
- 5.3.1 Integration Smart technology
- 5.3.2 Growth of the E-Commerce Industry
5.4 Future Trends
- 5.4.1 Integration Of Swivelling Mechanism with Conventional Tow Bars
5.5 Impact of Drivers and Restraints:

6. Automotive Tow Bars Market - Europe Market Analysis

6.1 Europe Automotive Tow Bars Market Revenue (US$ Million), 2022 - 2030
6.2 Europe Automotive Tow Bars Market Forecast and Analysis

7. Europe Automotive Tow Bars Market Analysis - Product

7.1 Overview
- 7.1.1 Europe Automotive Tow Bars Market, By Product (2022 and 2030)
7.2 Retractable Towbar
- 7.2.1 Overview
- 7.2.2 Retractable Towbar Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Detachable Tow Bars
- 7.3.1 Overview
- 7.3.2 Detachable Tow Bars Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Fixed Tow Bars
- 7.4.1 Overview
- 7.4.2 Fixed Tow Bars Market Revenue, and Forecast to 2030 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

8. Europe Automotive Tow Bars Market Analysis - Vehicle Type

8.1 Overview
- 8.1.1 Europe Automotive Tow Bars Market, By Vehicle type (2022 and 2030)
8.2 Passenger Cars
- 8.2.1 Overview
- 8.2.2 Passenger Cars Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Commercial Vehicles
- 8.3.1 Overview
- 8.3.2 Commercial Vehicles Market Revenue, and Forecast to 2030 (US$ Million)

9. Europe Automotive Tow Bars Market - Country Analysis

9.1 Europe
- 9.1.1 Overview
- 9.1.2 Europe Automotive Tow Bars Market Breakdown, by Country - Revenue (2022) (US$ Million)
- 9.1.3 Europe Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.1.3.1 Europe Automotive Tow Bars Market Revenue and Forecasts and Analysis - By Country
  - 9.1.3.2 Germany Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.2.1 Germany Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.2.2 Germany Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.3 France Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.3.1 France Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.3.2 France Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.4 Italy Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.4.1 Italy Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.4.2 Italy Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.5 UK Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.5.1 UK Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.5.2 UK Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.6 Russia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.6.1 Russia Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.6.2 Russia Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.7 DACH Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.7.1 DACH Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.7.2 DACH Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.8 BENELUX Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.8.1 BENELUX Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.8.2 BENELUX Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.9 NORDIC Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.9.1 NORDIC Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.9.2 NORDIC Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.10 Iberia Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.10.1 Iberia Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.10.2 Iberia Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.11 Poland Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.11.1 Poland Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.11.2 Poland Automotive Tow Bars Market Breakdown by Vehicle Type
  - 9.1.3.12 Rest of Europe Automotive Tow Bars Market Revenue and Forecasts to 2030 (US$ Mn)
    - 9.1.3.12.1 Rest of Europe Automotive Tow Bars Market Breakdown by Product
    - 9.1.3.12.2 Rest of Europe Automotive Tow Bars Market Breakdown by Vehicle Type

10. Industry Landscape

10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition

11. Company Profiles

11.1 BOSAL Group
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Brink Group
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 ORIS
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 PCT Automotive Limited
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Alois Kober GMBH
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 GDW NV
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Word Index