Global Tow Bar Market – Industry Trends and Forecast to 2029

 Market Analysis and Size

Towbars are widely being utilized for towing vehicles, when an engine breakdown occurs. They are also used when a vehicle is not in a working condition. These devices assist in effective moving of the broke down vehicle to the nearby service station.

Global Tow Bar Market was valued at USD 5622.08 million in 2021 and is expected to reach USD 7873.57 million by 2029, registering a CAGR of 4.30% during the forecast period of 2022-2029. “Retractable Automotive Towbars” is expected to witness high growth in the product type segment owing to the high convenience and easy maintenance cycles. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Full Report:

https://www.databridgemarketresearch.com/reports/global-tow-bar-market

Market Definition

A tow bar refers to a device that is attached to the chassis of a vehicle for the purpose of towing. It may be in the form of a tow ball to enable articulation of a trailer, or a tow hook with a trailer loop. The tow is utilized for large or agricultural vehicles where slack in the pivot pin enables similar movements.

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