Over the five years to 2014, revenue for the Automobile Towing industry has grown, due to improving economic conditions, particularly at the consumer level. In addition, the average age of vehicles on the road increased, resulting in more repairs and towing services. Although, industry growth was partly offset by the fact that fewer people were driving. In the five years to 2019, revenue for the industry is expected to trend higher. As the economy turns around, disposable income rises and more people go back to work, roads will become more crowded. The more cars on the road, the more likely towing companies will attend to vehicle issues. However, new, more-efficient cars break down less and require less services, threatening industry growth.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.