Dublin, May 28, 2021 (GLOBE NEWSWIRE) -- The "Global Trailer Assist System Market (2020-2025) by Vehicle Type, Sales Channel, Component, Technology, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Trailer Assist System Market is estimated to be USD 85 Mn in 2020 and is expected to reach USD 135 Mn by 2025, growing at a CAGR of 9.7%.
Increasing passenger cars and LCVs use and related comfort and safety concerns have led to a rise in the trailer assist system market. With the growing e-commerce sector, vehicles with attached trailer usage have increased, thereby boosting the market growth. The rising incidences of vehicle towing and advancements in technology contribute to the growth of the trailer assist system market.
However, the usages of towing trailers in developing countries are reducing daily due to the high cost involved and non-availability of required infrastructures. Also, in some countries, the government incorporated certain rules and regulations for towing trailers, which is expected to impede the growth of the market.
Some of the companies covered in this report are Volkswagen, Ford Motor Company, Audi, Land Rover, Mercedes Benz, Bosch, Continental AG, Garmin, Echomaster, Valeo, Aptiv, Towgo, Magna, etc.
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments and growth in market share.
Why buy this report?
The report offers a comprehensive evaluation of the Global Trailer Assist System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size.
The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Overview
4.2 Market Dynamics
22.214.171.124 Increase in Demand for Safety and Comfort Features
126.96.36.199 Increase in Usage of Vehicle Towing Trailers in Developed Countries
188.8.131.52 Advancements in Technology
184.108.40.206 The Growing Ecommerce Sector
220.127.116.11 Rising Incidences of Vehicle Towing
18.104.22.168 High Cost
22.214.171.124 Non-Availability of Required Infrastructure in Developing Countries
126.96.36.199 Increasing Developments in the Field of Autonomous and Semi-Autonomous Vehicles
188.8.131.52 Limited Usage of Towing Trailers in Developing Countries
5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Trailer Assist System Market, By Vehicle Type
6.2 Passenger Car
6.2.1 Compact Cars
6.2.2 Mid-Sized Cars
6.2.4 Luxury Cars
6.3 Light Commercial Vehicle (LCV)
7 Global Trailer Assist System Market, By Sales Channel
8 Global Trailer Assist System Market, By Component
8.3 Software Module
9 Global Trailer Assist System Market, By Technology
9.3 Autonomous Technology
10 Global Trailer Assist System Market, By Geography
11 Competitive Landscape
12 Company Profiles
Ford Motor Company
Hella KGaA Hueck & Co
For more information about this report visit https://www.researchandmarkets.com/r/h4wq7q
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