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

Abstract

Automobile Towing in the US

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. However, drivers who purchase newer cars will still rely on industry services when vehicle problems arise.

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.

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.



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Table Of Contents

Automobile Towing in the US - Industry Market Research Report

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 and MARKETS
Supply Chain
Products and 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 and Systems
Revenue Volatility
Regulation and Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON and GLOSSARY

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