Techno World Automotive-Trailer-Tow-Mirror-Market | Page 2

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.
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.
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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