The global trailer hitch market has developed for many years and now it has developed maturely in the world, especially in Europe, North America, Australia etc. Currently the global trailer hitch market is dominated by the players from Europe and North America, like Bosal ACPS MVG, AL-KO (Sawiko), Brink Group, Tow-Trust Towbars Ltd and GDW Group from Europe; while Horizon Global Corporation, CURT Manufacturing LLC and B&W Trailer Hitches from North America. Horizon Global Corporation is a leader of trailer hitch through acquisitions to strengthen its market position, like Horizon Global Corporation acquired Witter Towbars and Westfalia-Automotive in 2013 and 2016.
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Now Horizon Global Corporation has several brands to produce and sell trailer hitch in the world, like Westfalia-Automotive from Germany, TriMotive, Draw Tite and Reese from United States, Hayman Reese from Australia, Hidden Hitch from Canada while Witter Towbars from UK.
The global Trailer Hitch market is valued at USD 846 million in 2017 and is expected to reach USD 1064 million by the end of 2025, growing at a CAGR of 2.8% between 2018-2025.
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