NEW YORK , Oct. 9, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The Global Automotive Tow Bars Market size is estimated to grow by USD 1.32 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of almost 4.5% during the forecast period. Rising demand of tow bars is driving market growth, with a trend towards use of environment-friendly coating on tow bars.
However, slowdown in automobile sales worldwide poses a challenge - Key market players include A1 Towing Ltd., ACPS Automotive GmbH, AL KO SE , Anker Towbars Ltd., Bosal Nederland BV, BTA Towing Equipment, CURT Manufacturing LLC, David Murphy Towing, GDW NV, Hayman Reese , Horizon Global Corp.
, LKQ Specialty Products Group, McCabe Towbars, North Shore Towbars, PCT Automotive Ltd, Pulliam Enterprises Inc., ROADMASTER Inc, SUN AUTOMOBILE Co Ltd, Tow-Trust Towbars Ltd., and Weigh Safe.
AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Key Market Trends Fueling Growth Manufacturers in the automotive tow bars market are implementing eco-friendly initiatives by applying sustainable coatings on their products. Epoxy-based primers are among the most effective environment-friendly coatings used, enhancing tow bars' reliability, corrosion resistance, and minimizing environmental impact.
Vendors are also exploring high-performance thermal plastics like po.
