New York, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Towing Equipment Market 2020-2024" - https://www.reportlinker.com/p05015529/?utm_source=GNW
Our reports on the towing equipment market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing motorization in emerging countries and the progressing requirement of commercial vehicles for road mode of freight transport. In addition, increasing motorization in emerging countries is anticipated to boost the growth of the market as well.
The towing equipment market analysis includes application segment and geographical landscapes.
The towing equipment market is segmented as below:
By Application
• Passenger cars
• Commercial vehicles
By Geographical Landscapes
• APAC
• Europe
• North America
• South America
• MEA
This study identifies the increasing demand for commercial vehicles due to globalization as one of the prime reasons driving the towing equipment market growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our towing equipment market report covers the following areas:
• Towing equipment market sizing
• Towing equipment market forecast
• Towing equipment market industry analysis
Read the full report: https://www.reportlinker.com/p05015529/?utm_source=GNW
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The Global Towing Equipment Market is expected to grow by $ 1.59 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period
Global Towing Equipment Market 2020-2024 The analyst has been monitoring the towing equipment market and it is poised to grow by $ 1. 59 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period.
| Source: ReportLinker