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Tow Truck and Towing Services

SIC 7549 | NAICS 488410


The following guide to industry information, research, and analysis provides sources for industry trends and statistics, market research and analysis, financial ratios and salary surveys, and more.



For guides to other industries, see our index of over 400 industries.





Industry Analysis, Trends, Statistics, and Forecasts


Vehicle Towing Services  (view report)
Tow Truck Franchises  (view report)

Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Market size and characteristics
  • Key statistics and ratios
  • Current performance
  • Competitive landscape
  • Major firms and market share
  • Key risk and success factors
  • Five-year growth forecast


American Towman Media, Inc.
Tow Industry Week / American Towman Magazine

http://www.towindustryweek.com/ / digital-magazine

Online news source and monthly trade magazine feature news and information for towing business owners and operators, with topics covered in each issue including management best practices, tow truck operations and maintenance, safety issues and products, new products, tools, and equipment, and trade show and convention coverage. Digital edition of the magazine can be viewed free online.



Motor Vehicle Towing Services
http://www.firstresearch.com

First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:

  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast


T.T. Publications, Inc.
Tow Times Magazine
http://towtimes.com/ / digital-edition

Monthly trade magazine features news and information for towing company owners and managers, with topics addressed in various issues including tow truck operations, equipment and accessories, equipment financing options, business insurance, and legal issues. Digital editions of the magazine can be viewed free online, with free e-mail subscription to the digital edition available upon request.


Over The Mountain Media, Inc.
Tow Professional Magazine
http://towprofessional.com/

Monthly trade publication features news and information for towing and recovery professionals, with topics covered in various issues including industry news, business management, product spotlights, company profiles, equipment leasing and financing, insurance, and software and technology. Digital edition of the magazine is available free online, with free subscription available to qualifying parties.


SpecialtyTransportation.net
Vocational Truck/Body Industry in North America: Wreckers & Carriers
https://specialtytransportation.net/

Market research report provides a detailed analysis of the market for wreckers and rollback carriers (flatbed tow trucks), with information provided in the study including market size in units and dollars, market share by product type and class, market dynamics and demand factors, and market outlook and forecasts. Summary report description and detailed table of contents can be viewed free online.


TMR
Global Tow Vehicle Market
https://www.transparencymarketresearch.com/

Comprehensive report provides in-depth analysis of the tow vehicle market in the U.S. and selected other countries, with topics addressed in this report including market size, market segments, supply and demand, market trends and dynamics, technological breakthroughs, and competitive landscape. Summary report description can be viewed free online, with table of contents available upon request.


More Resources ››



Financial Statements and Financial Ratios



Industry Financial Ratios
Motor Vehicle Towing Services
https://www.bizminer.com  Search for "488410"

Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.

  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios


IBISWorld
Vehicle Towing Services
(see links for individual reports)

Financial benchmarking section of this report provides an analysis of industry income and expenses as a percentage of annual net revenues for companies that provide towing and recovery services for light, medium, and heavy-duty motor vehicles on a local or long-distance basis and may also provide roadside assistance services for motorists and storage services for wrecked or impounded vehicles.


More Resources ››



Compensation and Salary Surveys


PayScale
Motor Vehicle Towing
https://www.payscale.com/

Free online service provides median salary, bonus, and hourly wage data for various job positions in this service sector such as general manager, operations manager, safety manager, fleet dispatcher, tow truck driver, diesel mechanic, office manager, and bookkeeper, with employers for which salary or hourly wage data is provided including United Road Towing, Inc. and ASAP Towing & Storage, Inc.


U.S. Bureau of Labor Statistics
Support Activities for Road Transportation
https://www.bls.gov/oes/

Annual wage survey provides hourly and annual wage data on a national, state, and local area basis for job occupations in this road transportation sector, which includes companies that provide towing and recovery services for motor vehicles on a local and/or long-distance basis and may also provide roadside assistance services for motorists and storage services for wrecked or impounded vehicles.


More Resources ››



Business Valuation Resources


Small Business Valuation Multiples

Towing Services
https://valuationresources.com/

Comprehensive reference guide provides market-based valuation multiples for small businesses that provide towing and recovery services for light, medium, and heavy-duty motor vehicles and may also provide roadside assistance services for motorists and storage for wrecked and impounded vehicles.








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