Key Market Highlights
Gooseneck Hitches Market Size Was Valued at USD 0.47 Billion in 2023, and is Projected to Reach USD 0.79 Billion by 2032, Growing at a CAGR of 6% From 2024-2032.
- Market Size in 2023: USD 0.47 Billion
- Projected Market Size by 2032: USD 0.79 Billion
- CAGR (2024–2032): 6%
- Fastest-Growing Market: North America
- By Type: The Fixed Gooseneck Hitch segment is anticipated to lead the market by holding 37.69% of market share throughout the forecast period.
- By Application: The Agriculture segment is expected to grab 27.36% market share to maintain dominance over the forecast period.
- By Region: North America is projected to hold 33.21% market share during the forecast period.
- Active Players: B&W Trailer Hitches (USA), Curt Manufacturing (USA), Demco Products (USA), Equalizer Systems (USA), and Other Active Players.
Gooseneck Hitches Market Synopsis:
Gooseneck hitch is commonly used tow hitch setup predominantly in truck for toting big loads; it is a curved hitch which slides into the truck’s pickup bed. This design further helps configuring superior stability and towing ability of trailers used for livestock, equipment, and flatbed trailers. Gooseneck hitches are often considered for towing heavy loads because of their efficiency of weight placement of the trailer over the axle of the vehicle, and better control and swerving compared to the ball hitches.
.webp)
Gooseneck Hitches Market Trend Analysis:
Rise in Electric Pickup Trucks and Towing Solutions
- And one of the more exciting developments in the gooseneck hitches market is the newfound focus on electric pickup trucks and their ability to work with towing options. With the growth of the EV market, now many commercial and consumer buyers are paying attention to electric pickups like Rivian and Ford’s vehicles. These EVs are designed to sustain strong towing capabilities, and companies that produce gooseneck hitches to electric trucks, and constructors are directing their efforts into synchronizing these hitch types to electric trucks. As electric trucks provide more torque and thus better towing efficiency, gooseneck hitches compatible with advanced towing capacity are becoming more popular.
- This trend is poised to redefine the gooseneck hitch market going forward, particularly when even more, conscientious consumers and firms decide to move to EVs. Devices such as gooseneck hitches that have been in the market for quite some time and which could lack relevant partners during this advancement of technologies as electric trucks emerges in the market to pull electric trucks through high performing towing systems to service providers and so on, it is again proven that the market will grow.
Increased Demand for Heavy-Duty Towing in Emerging Markets
- Christian has identified an opportunity in the gooseneck hitches market that can be tapped by Electra manufactures to increase its sales and market share this is the increasing demand of heavy-duty towing solutions in emerging markets such as Asia-Pacific, and Latin America. These markets are experiencing fast growth in their urban and industrial segments and hence the growing demand for transportation. For example, industries in the developing countries such as India, Brazil and china are growing and developing out fast thus the need for more trucks and trailers to transport machinery and other heavy materials. Therefore, markets for rigid towing forms such as gooseneck hitches will continue to expand considerably.
- Currently, it is evident that the market penetration of gooseneck hitches in these regions is small, leaving manufacturers a great opportunity to develop a strong market position. Also, the governments of these regions are even further prioritizing investments in fixing roads and highways which shall similarly lead to more call for trucks to tow big cargoes with gooseneck hitches among others. Those who can serve the requirement of better towing performance at cheaper rate in these developing economics markets are likely to sustain in future.
Gooseneck Hitches Market Segment Analysis:
Gooseneck Hitches Market is Segmented on the basis of Type, Application, Vehicle Type, and Region
By Type, Fixed Gooseneck Hitch segment is expected to dominate the market during the forecast period
- Fixed Gooseneck Hitch is a type of towing system in which hitch is mounted within the truck bed for the specific towing purpose. It consists of a draw bar which connects the towing vehicle to the trailer thus suitable for use in moving bulky items over long distances. The fixed termed design can provide better towing capacity and is widely used in various sectors including agriculture and construction where the heavy trailers are produced universally.
- Adjustable Gooseneck Hitch as its name suggests allow for user to adjust the height and length of the hitch. This type of hitch is valuable for customers who require towing compared to numerous trailer sizes and load types as well. With the help of the hitch, users can have a better levelling angle of the towing greatly enhancing its stability and loading. The gooseneck hitch on the other hand is slightly more preferred since it has an adjustable feature to fit in various uses as required on the market. Flip Over Gooseneck Hitch is another type that can be flip over when not in use in other to gain more space on the truck bed. Mainly for occasional usage to those or cars needing occasional gooseneck hitch but a permanent hitch is unwanted, because this type allows convenience and space saving in the car when it is not used.
By Application, Agriculture segment expected to held the largest share
- Gooseneck hitch is also extensively used in farming as one of the chief uses of hitches involves pulling farming equipment, animals, and numerous other forms of agricultural commodities. These hitches are used by farmers to tow long trailers used in transporting heavy machines, feeds or harvests to and from their farms. Since gooseneck hitches permit the weight to be spread evenly across the hitch and the towed trailer thus adding stability during towing the hitch is crucial in the agriculture industry particularly in rural tracts which heavily involve the hauling of loads.
- In the construction sector, gooseneck hitches are used to transport construction materials, constructional equipment, and tools construction sites. These are preferred because of their greater tractive effort a factor that is especially important when towing very large loads such as excavators, bulldozers or scaffolding. In the same way that the gooseneck hitches provide better handling of equipment and machinery, Transportation & Logistics focuses on long-distance freight, goods, and trailers. They are advantageous in enhancing safety and ease when mobilizing bulk or weft across the highways. Moreover, Recreational Vehicles (RVs) use their gooseneck hitches for pulling trailers and campers because larger mobile homes, equipment, and travelling requires better distinguishable control. Others include other industries that require use of gooseneck hitches including the military, transportation industries with specific needs and custom requirements.
Gooseneck Hitches Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- Currently, it is predicted that North America is also going to have the largest market share of gooseneck hitches with 45-50% of the market in the year 2023. The region continues to rely with gooseneck hitches since pickup truck are commonly utilized for commercial and recreational activities. The US has a vast number of farmers, contractors, and transport companies that require towing solutions for their industrial use.
- Furthermore, North America controls the market due to the increased ownership of trucks and the increasing use of RVs and trailers in the region. Technological progress in the towing industry and the appearance of new models of trucks equipped with better technologies of towing make the demand for gooseneck hitches in North America high. The market is also benefited from the sophisticated distribution channel in this area and more specifically, there are some key players available in the market that offer a wide product portfolio of hitch products.
Active Key Players in the Gooseneck Hitches Market:
- B&W Trailer Hitches (USA)
- Curt Manufacturing (USA)
- Demco Products (USA)
- Equalizer Systems (USA)
- Fifth Wheel Specialty (USA)
- Husky Towing Products (USA)
- KandM Manufacturing (USA)
- Lippert Components (USA)
- Master Lock (USA)
- Reese Towpower (USA)
- Roadmaster Inc. (USA)
- Shocker Hitch (USA)
- Timbren Industries (Canada)
- Torklift International (USA)
- The Tow Bar Company (USA)
- Other Active Players
|
Gooseneck Hitches Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 0.47 Billion |
|
Forecast Period 2024-32 CAGR: |
6% |
Market Size in 2032: |
USD 0.79 Billion |
|
Segments Covered: |
By Type |
|
|
|
By Application |
|
||
|
By Vehicle Type |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Gooseneck Hitches Market by Type
4.1 Gooseneck Hitches Market Snapshot and Growth Engine
4.2 Gooseneck Hitches Market Overview
4.3 Fixed Gooseneck Hitch
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Fixed Gooseneck Hitch: Geographic Segmentation Analysis
4.4 Adjustable Gooseneck Hitch
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Adjustable Gooseneck Hitch: Geographic Segmentation Analysis
4.5 Flip Over Gooseneck Hitch
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Flip Over Gooseneck Hitch: Geographic Segmentation Analysis
Chapter 5: Gooseneck Hitches Market by Application
5.1 Gooseneck Hitches Market Snapshot and Growth Engine
5.2 Gooseneck Hitches Market Overview
5.3 Agriculture
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Agriculture: Geographic Segmentation Analysis
5.4 Construction
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Construction: Geographic Segmentation Analysis
5.5 Transportation & Logistics
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Transportation & Logistics: Geographic Segmentation Analysis
5.6 Recreational Vehicles (RVs
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Recreational Vehicles (RVs: Geographic Segmentation Analysis
5.7 Others)
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Others): Geographic Segmentation Analysis
Chapter 6: Gooseneck Hitches Market by Vehicle Type
6.1 Gooseneck Hitches Market Snapshot and Growth Engine
6.2 Gooseneck Hitches Market Overview
6.3 Pickup Trucks
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Pickup Trucks: Geographic Segmentation Analysis
6.4 Semi Trucks
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Semi Trucks: Geographic Segmentation Analysis
6.5 Trailers
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Trailers: Geographic Segmentation Analysis
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Gooseneck Hitches Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 B&W TRAILER HITCHES (USA)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 CURT MANUFACTURING (USA)
7.4 DEMCO PRODUCTS (USA)
7.5 EQUALIZER SYSTEMS (USA)
7.6 FIFTH WHEEL SPECIALTY (USA)
7.7 HUSKY TOWING PRODUCTS (USA)
7.8 KANDM MANUFACTURING (USA)
7.9 LIPPERT COMPONENTS (USA)
7.10 MASTER LOCK (USA)
7.11 REESE TOWPOWER (USA)
7.12 ROADMASTER INC. (USA)
7.13 SHOCKER HITCH (USA)
7.14 TIMBREN INDUSTRIES (CANADA)
7.15 TORKLIFT INTERNATIONAL (USA)
7.16 THE TOW BAR COMPANY (USA)
7.17 OTHER ACTIVE PLAYERS
Chapter 8: Global Gooseneck Hitches Market By Region
8.1 Overview
8.2. North America Gooseneck Hitches Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Type
8.2.4.1 Fixed Gooseneck Hitch
8.2.4.2 Adjustable Gooseneck Hitch
8.2.4.3 Flip Over Gooseneck Hitch
8.2.5 Historic and Forecasted Market Size By Application
8.2.5.1 Agriculture
8.2.5.2 Construction
8.2.5.3 Transportation & Logistics
8.2.5.4 Recreational Vehicles (RVs
8.2.5.5 Others)
8.2.6 Historic and Forecasted Market Size By Vehicle Type
8.2.6.1 Pickup Trucks
8.2.6.2 Semi Trucks
8.2.6.3 Trailers
8.2.6.4 Others
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Gooseneck Hitches Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Type
8.3.4.1 Fixed Gooseneck Hitch
8.3.4.2 Adjustable Gooseneck Hitch
8.3.4.3 Flip Over Gooseneck Hitch
8.3.5 Historic and Forecasted Market Size By Application
8.3.5.1 Agriculture
8.3.5.2 Construction
8.3.5.3 Transportation & Logistics
8.3.5.4 Recreational Vehicles (RVs
8.3.5.5 Others)
8.3.6 Historic and Forecasted Market Size By Vehicle Type
8.3.6.1 Pickup Trucks
8.3.6.2 Semi Trucks
8.3.6.3 Trailers
8.3.6.4 Others
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Gooseneck Hitches Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Type
8.4.4.1 Fixed Gooseneck Hitch
8.4.4.2 Adjustable Gooseneck Hitch
8.4.4.3 Flip Over Gooseneck Hitch
8.4.5 Historic and Forecasted Market Size By Application
8.4.5.1 Agriculture
8.4.5.2 Construction
8.4.5.3 Transportation & Logistics
8.4.5.4 Recreational Vehicles (RVs
8.4.5.5 Others)
8.4.6 Historic and Forecasted Market Size By Vehicle Type
8.4.6.1 Pickup Trucks
8.4.6.2 Semi Trucks
8.4.6.3 Trailers
8.4.6.4 Others
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Gooseneck Hitches Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Type
8.5.4.1 Fixed Gooseneck Hitch
8.5.4.2 Adjustable Gooseneck Hitch
8.5.4.3 Flip Over Gooseneck Hitch
8.5.5 Historic and Forecasted Market Size By Application
8.5.5.1 Agriculture
8.5.5.2 Construction
8.5.5.3 Transportation & Logistics
8.5.5.4 Recreational Vehicles (RVs
8.5.5.5 Others)
8.5.6 Historic and Forecasted Market Size By Vehicle Type
8.5.6.1 Pickup Trucks
8.5.6.2 Semi Trucks
8.5.6.3 Trailers
8.5.6.4 Others
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Gooseneck Hitches Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Type
8.6.4.1 Fixed Gooseneck Hitch
8.6.4.2 Adjustable Gooseneck Hitch
8.6.4.3 Flip Over Gooseneck Hitch
8.6.5 Historic and Forecasted Market Size By Application
8.6.5.1 Agriculture
8.6.5.2 Construction
8.6.5.3 Transportation & Logistics
8.6.5.4 Recreational Vehicles (RVs
8.6.5.5 Others)
8.6.6 Historic and Forecasted Market Size By Vehicle Type
8.6.6.1 Pickup Trucks
8.6.6.2 Semi Trucks
8.6.6.3 Trailers
8.6.6.4 Others
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Gooseneck Hitches Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Type
8.7.4.1 Fixed Gooseneck Hitch
8.7.4.2 Adjustable Gooseneck Hitch
8.7.4.3 Flip Over Gooseneck Hitch
8.7.5 Historic and Forecasted Market Size By Application
8.7.5.1 Agriculture
8.7.5.2 Construction
8.7.5.3 Transportation & Logistics
8.7.5.4 Recreational Vehicles (RVs
8.7.5.5 Others)
8.7.6 Historic and Forecasted Market Size By Vehicle Type
8.7.6.1 Pickup Trucks
8.7.6.2 Semi Trucks
8.7.6.3 Trailers
8.7.6.4 Others
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
|
Gooseneck Hitches Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 0.47 Billion |
|
Forecast Period 2024-32 CAGR: |
6% |
Market Size in 2032: |
USD 0.79 Billion |
|
Segments Covered: |
By Type |
|
|
|
By Application |
|
||
|
By Vehicle Type |
|
||
|
By Region |
|
||
|
Key Market Drivers: |
|
||
|
Key Market Restraints: |
|
||
|
Key Opportunities: |
|
||
|
Companies Covered in the report: |
|
||
