Commercial Vehicles Tow Bar Market- Towing Ahead with $2B in 2022 and 6.87% CAGR Growth
According to TechSci Research report, “ Global Commercial Vehicles Tow Bar Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Commercial Vehicles Tow Bar Market stood at USD 2 billion in 2022 and is anticipated to grow with a CAGR of 6.87% in the forecast period, 2024-2028. In the coming years, there will likely be a major increase in the need for vehicle tow bars. For a car to be pulled by another vehicle, an external device called a tow bar is fastened to the vehicle's chassis. Optimized load distribution and towed vehicle swiveling are the main goals of a tow bar. The market for automotive tow bars is expected to increase because of many key factors, including the rise in the usage of recreational vehicles, involvement in adventure tourism, and off-roading leisure activities. Tow bars come in five basic varieties, with foldable tow bars accounting for most sales due to their convenience and compactn...