Towing Services in Australia - IBISWorld Industry Market Research

Towing Services in Australia

Towing Services in Australia - IBISWorld Industry Market Research
Towing Services in Australia
Published Aug 07, 2014
27 pages — Published Aug 07, 2014
Price US$ 910.00  |  Buy this Report Now

About This Report

  
Abstract:

The Towing Services industry has undergone slow and steady growth over the past five years. The industry has benefited from the rising number of motor vehicles on Australia's roads, as improving consumer sentiment and business confidence has driven strong growth in new car sales. The increasing number of vehicles on the road has meant that there is greater potential for breakdowns and accidents to occur, stimulating demand for towing services. Industry revenue is thus forecast to be worth $328.5 million in 2014-15, following compound annual growth of 1.4% over the past five years. The industry is also forecast to post steady 1.4% growth in the current year.

Industry operators are primarily engaged in towing light or heavy vehicles and other machinery over short or long distances. Operators may also provide incidental ancillary services, such as emergency roadside repairs and temporary pound or storage services. The industry excludes long-distance transportation of freight such as heavy machinery and equipment, buildings or containers, as well as motor vehicle transportation.

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.

  
Source:
Document ID
OD5416
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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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Cite this Report

  
MLA:
IBISWorld Industry Market Research. "Towing Services in Australia" Aug 07, 2014. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Towing-Services-in-Australia-2042-3327>
  
APA:
IBISWorld Industry Market Research. (2014). Towing Services in Australia Aug 07, 2014. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Towing-Services-in-Australia-2042-3327>
  
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