Asia Pacific Automotive Tow Bars Market to Perceive Substantial Growth by the End 2027


The growing disposable income of various developing countries, together with a high demand for adventure and use of caravans and motorhomes, has resulted in high demand for automotive tow bars. Several caravan users are choosing tow bars for towing caravans; there are various types of tow bars available in the market to carry a wide variety of accessories. This factor is driving the automotive tow bars market. In addition, the increasing acceptance of electric tow bars is anticipated to grow at a moderate pace during the forecast period due to growing preference for Sports Utility Vehicles (SUV) and off-road vehicles. Thus, with the rise in demand for electric tow bars, the automotive tow bars market is foreseen to mature.

The Asia Pacific Automotive Tow Bars market is growing along with the Automotive and Transportation industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

The Business Market Insights subscription helps clients understand the ongoing market trends, identify opportunities, and make informed decisions through the reports in the Subscription Platform. The Industry reports available in the subscription provide an in-depth analysis on various market topics and enable clients to line up remunerative opportunities. The reports provide the market size & forecast, drivers, challenges, trends, and more.

Download FREE Sample PDF Brochure at

Market Overview and Dynamics

The APAC automotive tow bars market is projected to reach US$ 1099.20 million by 2027 from US$ 999.11million in 2019; it is expected to grow at a CAGR of 3.6% from 2020 to 2027. Factors driving the automotive tow bars market growth in this region such as increase in automotive production, higher density of vehicle accessory manufacturers including tow bars, and growing demand for commercial vehicles, among others. The rapid growth of automotive production in prominent economies across the APAC has contributed directly to the rising demand for the tow bar market in the automotive sector. For instance, electric vehicles and hybrid electric vehicles are gaining traction on the market. Thus, during the forecast period, the rapidly increasing adoption rates of electric and hybrid vehicles will drive the automotive tow bar market.

Key Market Segments

In terms of product, the detachable tow bars segment accounted for a larger share of the Asia Pacific automotive tow bars market in 2019. Retractable tow bars segment held the second largest share in the market, based on type, in 2019. On the basis of vehicle type, passenger vehicle segment accounted for a larger share of the Asia Pacific automotive tow bars market in 2019. On the other hand, the commercial vehicle segment is projected to mature at a faster rate during the forecast period.

These factors are expected to offer broad growth opportunities in the Automotive and Transportation industry and this is expected to cause the demand for Asia Pacific Automotive Tow Bars in the market.

Business Market Insights reports focus upon client objectives, use standard research methodologies and exclusive analytical models, combined with robust business acumen, which provides precise and insightful results.

Business Market Insights reports are useful not only for corporate and academic professionals but also for consulting, research firms, PEVC firms, and professional services firms.


APAC Automotive Tow Bars Market,by Product

  • Detachable Tow Bars
  • Retractable Tow Bars
  • Fixed Tow Bars
  • Others

APAC Automotive Tow BarsMarket, by Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

Company Profiles

  • BOSAL Group
  • Brink Group
  • BT Towing Equipment
  • North Shore Tow Bars

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the automotive tow bars market in APACare company websites, annual reports, financial reports, national government documents, and statistical database, among others. A few of the major companies listed in the report are BOSAL Group, Brink Group, BT Towing Equipment, North Shore Tow Bars.

Business Market Insights provides affordable subscription with pay as per requirement at

(30-day subscription plans prove to be very cost-effective with no compromise on the quality of reports)

Benefits with Business Market Insights

  • One Stop Platform to All the Market Insight Needs
  • Avoid Long Purchase Procedures
  • Fast and Easy Access
  • Cloud-Based Platform
  • News Updates
  • Ask the Analyst Support
  • Pay Monthly Subscription and Access All You Want
  • No Compulsion for Yearly Subscription
  • Reports Read or Download Access
  • Monthly New Reports Added
  • Affordable Product, Pay as Per Requirement

About Business Market Insights

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

For Subscription contact

Business Market Insights

Phone : +442081254005
E-Mail : [email protected]