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Automobile Towing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Automobile Towing Market Research Report | NAICS 48841 | Dec 2016

Speed bump: Demand for towing will rise, though safer cars will partly offset growth

IBISWorld’s Automobile Towing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 11-16
2.5%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
86,829
Businesses
38,376
Industry Threats & Opportunities
  • New and reliable cars will offset growth, but revenue will rise as more people hit the road
  • Operators located in areas prone to storms typically generate higher profit margins
  • As a result of more cars on the road, industry demand is anticipated to expand
  • ... purchase to read more

Industry Analysis & Industry Trends

The Automobile Towing industry is chugging along. The economy continued to improve over the five years to 2016, leading to a decline in the unemployment rate and an increase in total vehicle miles. As individuals returned to work and disposable income started to rise, more consumers felt comfortable driving on their own as opposed to carpooling or taking public transportation. When more cars are on the road, the chances of an accident or need for roadside assistance rises, increasing demand for industry services. Over the five years to 2021, revenue will continue to trend higher. Newer vehicles are often equipped with accident avoidance technologies that reduce the need for automobile towing... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Automobile Towing industry has a low level of market share concentration. Nonemployers account for about 75.0% of industry operators, despite making up only about 5.0% of industry revenue. There are also no major players, which are defined as companies generating over 5.0% of industry revenue. The industry is highly fragmented, with operators only competing on a local level. Industry entities serve a fragmented market in densely populated urban areas, and most operator's service limited geographical areas in rural regions. Over the past five years, market share concentration has remained stable.

Over the five years to 2021, small businesses will continue to dominate the industry. At the same time, they will constrain growth prospects. Loc.. ... purchase to read more

Additional Insights for the Automobile Towing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Automobile Towing Industry are

  • Ability to manage external (outsourcing) contracts
  • Ability to franchise operations
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Number of vehicle accidents and Number of motor vehicle registrations in the Automobile Towing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Automobile Towing Industry?

    This industry tows light or heavy motor vehicles over short and long distances. Establishments may provide incidental services, such as storage and emergency road repair services.

    Industry Products
    Passenger car towing servicesLight duty truck towing servicesRoadside assistance services
     
    Industry Activities
    Emergency road repair servicesMotor vehicle towing services Tow truck services Wrecking services for motor vehicles


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of vehicle accidents
  • Number of motor vehicle registrations
  • Total vehicle miles
  • Average age of vehicle fleet
  • Current Performance
  • Roadside assistance
  • Demand rains down
  • Volatile fuel prices
  • Chart: Revenue Growth
  • Industry Outlook
  • New cars likely to reduce accidents
  • Higher fuel prices
  • Table: Automobile Towing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Automobile Towing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Automobile Wholesaling
  • New Car Dealers
  • Parking Lots & Garages
  • Public Administration
  • Consumers
  • Key Selling Industries
  • Truck & Bus Manufacturing
  • Truck, Trailer & Motor Home Manufacturing
  • Products & Services
  • Light duty truck towing services
  • Roadside assistance services
  • Passenger car towing services
  • Chart: Automobile Towing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Individuals
  • State and local government
  • Commercial customers
  • Chart: Major Market Segmentation for the Automobile Towing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Automobile Towing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Automobile Towing Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Automobile Towing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Automobile Towing Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of motor vehicle registrations (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    American Automobile Association (Aaa)
  • An association of auto owners that provides services such as car insurance.
  • Electronic Stability Control Systems
  • Sophisticated balancing systems that control the stability of a car.
  • Miles Per Gallon (Mpg)
  • The average miles driven and gallons used. This measurement is used to approximate fuel efficiency.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Automobile Towing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Automobile Towing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Automobile Towing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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