Automotive Trailer Tow Mirror (ATTM) Market Adopts Innovation to Stay Competitive Forecast 2026
Automotive trailer tows are considerably larger than usual vehicles
plying on roads. Needless to say then, they require specialized systems to help
with their movement and maneuverability, including automotive trailer tow
mirrors that help increase the rear field of view of the automotive operator.
According to our research, existence of large number of blind spots are the
major causes responsible for towing related accidents. Eradication of blind
spots through enhanced visibility and to ensure safety of the drivers and the
attached trailers through these attached equipment will drive market growth.
Proliferating demand for
towable RVs is expected to present significant growth opportunities through the
forecast period
RVs are specifically designed
for pleasure and recreational activities such as camping and tourism. These
vehicles are incorporated with facilities such as toilets, bathrooms, kitchen,
sleeping rooms and other customizable amenities that provide enhanced user
comfort during the camping or travel. Moreover, favorable government policies,
increasing popularity of RVs
and
positive business environment will also help provide significant momentum to
the RVs demand. For instance, initiatives to regulate the RV quality standards
by the Recreation Vehicle Industry Association (RVIA) and tax deductions by the
Internal Revenue Service in the U.S., have led to increased consumer
inclination towards these automobiles. Increased demands for RVs due to these
factors, will provide significant growth prospects to the automotive trailer
tow mirror market.
Automotive Trailer Tow
Mirror (ATTM) Market Taxonomy
On the basis of vehicles, the
global automotive trailer tow mirror market is classified into:
Towable RVs
o Travel
trailers
o Folding
camping trailers
o Fifth-wheel
trailers
o Trunk campus
Truckload trailer
o Flatbed
trailers
o RGN
o Step deck
o Dry Van
o Low Boy and others
Read more @ https://www.coherentmarketinsights.com/ongoing-insight/automotive-trailer-tow-mirror-market-615
Integration of cameras to
cover the blind spots is one of the next generation trends gaining major
traction in the industry
Automotive trailer tow mirror
find significant applications in enhancing the blind spot monitoring through
incorporation of cameras. The system essentially requires three cameras, one at
the rear end of the trailer and the other two as side view cameras. Side
cameras are incorporated in the side mirrors to enhance the visibility of the
vehicle for the driver, by
displaying
the side view of the central screen when turned on. These cameras are connected
to the trailer light for power, and transmits the image wirelessly. This
innovative advancement is expected to augment the ATTM market growth over the
next few years.
Truckload trailers are
expected to dominated the overall ATTM market share in 2016
Truckload trailers find
significant applications in transportation of small and heavy loads across
large distances in an economic manner. Considerable growth in commercial
transportation activities is expected to present solid demands for these
vehicles. According to Coherent Market Insights findings, global road freight
transportation market is expected to register growth at around 2% CAGR. This
will help the truck loads segment to continue its dominance over the next few
years. Furthermore, requirement of compliance with the government regulations
such as implementation of towing mirrors by the European Commission and the
National Highway Traffic Safety Administration (NHTSA) will largely contribute
to the ATTM market growth.
U.S. is expected to dominate the
automotive trailer tow mirror market, owing to highly developed road
infrastructure, increasing adoption of RVs and government mandates for the
deployment of these equipment in the vehicles. Moreover, increasing inclination
of consumers towards camping and other recreational trips, in turn augmenting
demand for travel trailers creates a highly conducive environment for growth of
the automotive trailer tow mirror market.
The automotive trailer tow
mirror market is highly fragmented, owing to the large number of players
sharing the business space. Moreover, several regional and international
players have established significant presence in the aftermarket, which
constitutes substantial share of the industry. Major offerings of these players
include additional integration of cameras and cargo lamps to attract the
consumers. Chief ATTM market participants include K Source, Samvardhana
Motherson, ISP Glendale, Milenco, Power Vision, CARiD.com, and Ford Motor
Company.
About Coherent Market Insights:
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prominent market research and consulting firm offering action-ready syndicated
research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends,
technologies, and potential absolute dollar opportunity.
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Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel:
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