Tow Bar Market Report 2026

The tow bar market size has grown strongly in recent years. It will grow from $6.41 billion in 2025 to $6.75 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growth in vehicle parc with towing capability, rising popularity of recreational towing, expansion of suv sales globally, increasing aftermarket automotive accessories demand, availability of standardized towbar designs.

The tow bar market size is expected to see steady growth in the next few years. It will grow to $8.16 billion in 2030 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to increasing demand for electric vehicle-compatible towbars, rising adoption of premium towing solutions, expansion of automotive customization trends, growing focus on modular towing systems, increasing regulatory focus on towing safety. Major trends in the forecast period include increasing adoption of detachable and retractable towbars, rising demand from suv and lcv segments, growing use of lightweight high-strength materials, expansion of oem-fitted towing solutions, enhanced focus on towing safety standards.

The rising demand for recreational vehicles is expected to drive the growth of the tow bar market going forward. A recreational vehicle is a specially designed large vehicle equipped to support comfortable mobile living and camping for leisure and travel purposes. Demand for RVs is increasing due to growing interest in outdoor activities and the flexibility offered by remote work, which allows people to travel conveniently and cost-effectively. Tow bars support recreational vehicles by enabling them to tow additional vehicles or trailers, thereby improving travel flexibility and storage capacity. For instance, in December 2023, the Recreational Vehicle Industry Association, a US-based non-profit trade organization, reported total wholesale shipments of 313,174 recreational vehicles, highlighting sustained consumer interest in RV-based travel and leisure mobility. Therefore, the growing demand for recreational vehicles is driving the tow bar market.

Leading companies in the tow bar market are innovating with towbar-mounted tents to augment the versatility and utility of their products. These innovative tents attach easily to a vehicle's tow bar, providing convenient and portable shelter for outdoor enthusiasts. For example, in May 2024, Thule Group launched the Thule Outset, a towbar-mounted tent that sets a new standard in outdoor living. Designed for quick and easy installation by one person, it offers a spacious and comfortable interior with panoramic views, reflecting Thule's design expertise and focus on user-friendly features to appeal to those seeking a luxurious alternative to traditional camping setups.

In July 2023, CarTrade Tech, an India-based automotive platform, acquired Sobek Auto India for an undisclosed amount. This acquisition is intended to strengthen CarTrade Tech's presence in the automotive sector, aligning with a larger trend of industry consolidation. It also suggests potential impacts on suppliers and manufacturers of towing equipment, as the integration of services and products may open up new opportunities in related markets. Sobek Auto India Private Limited is a private limited company based in India.

Major companies operating in the tow bar market report include Lippert Components, Thule Group, Trimas Corporation, AL-KO Vehicle Technology, Horizon Global Corporation, Curt Manufacturing, DexKo Global Inc., B&W Trailer Hitches, Bosal Towbars, Roadmaster Inc., Draw-Tite, Demco Products, Westfalia-Automotive GmbH, Witter Towbars, Acps Automotive GmbH, Blue Ox, Towsure Products Ltd., Hayman Reese, Tow-Trust Towbars, PCT Automotive Ltd., Anderson Hitches, Rameder Anhängerkupplungen und Autoteile GmbH, Carasel Towbars, Gen-Y Hitch, Towbar Express.

Europe was the largest region in the tow bar market in 2025. The regions covered in the tow bar market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the tow bar market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tow bar market consists of sales of products including swan neck towbar, fixed tow bars, adjustable tow bars, heavy-duty tow bars, and tow bar accessories. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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