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Automotive Trailer Tow Mirror (ATTM) Market: Present Scenario and the Growth Prospects with Forecast 2025

One of the major drivers for the growth of the automotive trailer tow mirror market is the increasing demand for towable RVs or recreational vehicles,
kishor kanade | 04.07.2017
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The driving mirror assists the driver to perceive what is close to the vehicle. Furthermore, it helps the driver to estimate the distance between the trailing vehicles and the car. Some of the other types of automotive mirrors are door or wing mirrors, generally recognized as side-view mirrors. A rear-view mirror gives the view of an object at a close range of the car by replicating the images that are reflected on the internal driving mirror. A front-view mirror reflects images of the nearby cars as well.
One of the major drivers for the growth of the automotive trailer tow mirror market is the increasing demand for towable RVs or recreational vehicles, which is positively impacting the progress of towing mirrors. Towable recreational vehicles are vehicles that are meant for pleasure or recreation activities such as camping and vacations. These vehicles have several facilities including a kitchen, sleeping room, and bathroom. Positive business environments as well as encouraging regulatory guidelines are likely to aid the growth of the towable RVs market across the world. This rise in the acceptance of towable RVs, especially in the North America region is likely to fuel the growth of the overall automotive trailer tow mirror market during the forecast period.

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The global automotive trailer tow mirror market can be segmented by vehicle type and geography. In terms of vehicle type, the global market can be segregated into towable RVs, and pickup trucks. In 2016, the pickup trucks segment held a prominent share in the global automotive trailer tow mirror market and it constituted the main part of the market, by revenue. The implementation of towing mirrors by many agencies such as the NHTSA or National Highway Traffic Safety Administration and the European Commission is one of the major factors for the dominance of this segment in the global automotive trailer tow mirror market.

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By geography, the global automotive trailer tow mirror market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, North America held the maximum share and is estimated to retain its position during the forecast period.
The global automotive trailer tow mirror market is highly fragmented in nature owing to the presence of a number of regional and international vendors across the globe. Some of the major players operating in the global automotive trailer tow mirror market are Milenco, Samvardhana Motherson, ISP Glendale, CARiD.com, Power Vision, K Source, and Ford Motor Company.
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