Pintle Hook Market Will Reach 130 Million US$ by the End of 2025
Pintle Hook Market Report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.
Los Angeles, CA -- (SBWire) -- 01/19/2019 --This report studies the global Pintle Hook market status and forecast, categorizes the global Pintle Hook market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
A pintle hitch is primarily used in heavy duty towing situations. The hitch itself resembles a hook that can be closed around the lunette ring that is mounted on the trailer.
The Major regions to produce pintle hook are North America, EU and Asia-Pacific, which accounting for about 95 % of production in total. North America is the largest production region (production share 54.18%).
Pintle hook is mainly produced by SAF-Holland, Cequent Group, CURT Manufacturing, B&W Trailer Hitches, Buyers Products, VESTIL and these companies occupied above 55% market share by sale volume in 2015.
Along with the automotive production and ownership, North America, EU, Asia-Pacific are major consumption regions in pintle hook market. The largest consumption region is North America, accounting for 42.73% market share in 2015 by consumption volume. Asia-Pacific is a promising region to be the second large consumption region in the next few years.
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Although sales of pintle hook brought a lot of opportunities, the industry barrier is rather high and the automotive industry supply chain is rather closed. Therefore, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the pintle hook field hastily.
The global Pintle Hook market is valued at 100 million US$ in 2017 and will reach 130 million US$ by the end of 2025, growing at a CAGR of 3.5% during 2018-2025.
The major manufacturers covered in this report
SAF-Holland
Cequent Group
Curt Manufacturing
B&W Trailer Hitches
Buyers Products
VESTIL
Wallace Forge
Shur-Lift
VBG GROUP
In The Ditch
Prime Steel
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
Southeast Asia
India
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