Increasing Demand for Towed Caravans and Trailers Boosting the Automotive Tow Bar Market, Finds Fact.MR
Worldwide sales of automotive tow bar reached ~ 5.6 Bn in 2019, unveils the new research study by Fact.MR. According to the report, the automotive tow bar market is estimated to grow by ~ 3.1% Y-O-Y in 2019, primarily influenced by the prominent players enhancing their manufacturing capabilities in the global automotive tow bar market landscape. According to the report, increasing focus on sustainable solutions, advanced technology, and cost-effective tow bars is contributing to the build-up of automotive tow bar market by the end of 2029. Increasing demand for towing caravans and unpowered trailers around the globe will also continue to provide a fillip to the sales of automotive tow bar in 2019 and beyond. Request Sample Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=151 Retractable tow bar is used in passenger vehicles due to its advantages of a stronger and safer solution, for instance, tongue weight, the weight with which the trailer presses down on the ...