DUBLIN--(BUSINESS WIRE)--The "Global Automotive Retractable Towbar Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global automotive retractable towbar market is predicted to grow at a CAGR of 3.08% during the period 2018-2022.

The report 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.

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.

According to the report, increase in automotive production is likely to have a positive impact on the automotive retractable towbar 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.

Key Vendors

  • Brink Group
  • Horizon Global
  • BOSAL
  • TriMas
  • Thule Group

Key Topics Covered

1. Executive Summary

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Application

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/j6qntm/global_automotive?w=4

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Related Topics: Automotive Parts