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Automobile Towing in the US - Industry Market Research Report

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    Report

  • 52 Pages
  • September 2022
  • Region: United States
  • IBISWorld
  • ID: 312936

Lane Change: Cars Will Likely Return to the Roads as the Economy Recovers, But Improved Safety Will Reduce Accidents

The Automobile Towing industry is chugging along. The economy has continued to improve over the five years to 2019, leading to a decline in the unemployment rate. With more people employed, a higher volume of people traveling to work have opted to drive, increasing total vehicle miles. Rising disposable incomes have also made consumers more comfortable driving on their own as opposed to carpooling or taking public transportation. More cars on the road mean higher chances of an accident or need for roadside assistance. However, economic improvements and rising consumer confidence encourage consumers to purchase newer, more safety-equipped vehicles. Newer vehicles break down less frequently than old vehicles, which decreases the need for towing services. Over the five years to 2024, revenue will continue to trend upward. Newer vehicles are often equipped with accident-avoidance technologies that reduce the need for automobile towing. However, drivers who purchase newer cars will still rely on industry services when vehicle problems arise. Increased vehicle complexity will support this trend.

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

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • United Road Towing Inc.
  • All City Tow Service
  • Lance Wrecker Service LLC
  • Shamrock Towing Inc.
  • McDonald's Towing & Rescue Inc.
  • Reynolds Towing Service Inc.
  • Arrow Wrecker Service Inc.
  • Suburban Towing Inc.
  • Roadone West Inc.

Methodology

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