According to statistics from QYResearch's research team, the global trailer hitch and towing accessories market sales reached hundreds of millions of RMB in 2023, and are expected to reach a higher amount by 2030, with a compound annual growth rate (CAGR) of a certain percentage (2024-2030). The Chinese market has changed rapidly in the past few years. The market size in 2023 was hundreds of millions of RMB, accounting for a large proportion of the global market. It is expected that this number will increase significantly by 2030, and the global share will also increase further by then.
In addition, GIR (Global Info Research)'s research shows that in terms of revenue, the global trailer hitch and towing accessories revenue in 2023 was approximately millions of US dollars, and is expected to reach a higher amount by 2030, with a stable CAGR from 2024 to 2030.
In terms of market segments, the product structure of China's trailer accessories industry is changing. From 2019 to 2023, the total output of products and the output of sub-products in the trailer accessories industry increased, and this trend will continue in the next few years. For example, the accessories center of YTO Group Co., Ltd. provides a variety of trailer accessories, including seven-hole trailer socket wiring harness, oil core filter, etc.
Yantai Luchang Trailer Accessories Co., Ltd., as the general agent of Autoflex-knott in China, is also actively promoting its products, such as Knott commercial trailer adjustable height tow bar and electronic stability system. These products not only improve the safety of the vehicle, but also enhance its functionality and flexibility.
From a technical perspective, the technical indicators and application scope of trailer accessories are also constantly expanding. For example, products such as Supertrac kits, T-type trailer hooks and screw-type trailer hooks are widely used to enhance the functionality and stability of trailers. In addition, OEM and ODM customization and die-forged movable pulley series also show the diversity of trailer accessories in different specifications and materials.
Overall, with the continuous growth of market demand and continuous technological innovation, the trailer accessories industry is expected to continue to maintain a strong growth momentum in the next few years. Major companies should seize the opportunity to strengthen technology research and development and market expansion to meet the growing market demand.
---
We are committed to being your total solution provider for trailer parts including axles, air suspension, mechanical suspension, landing legs, twist lock and other accessories.
No. 1577, Jiaozhouwan West Road, Huangdao, Qingdao, Shandong, China
