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.
Select from the following sections or scroll below to view available resources:
For guides to other industries, see our index of over 400 industries.
Industry Analysis, Trends, Statistics, and Forecasts
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:
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.
First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:
T.T. Publications, Inc.
Tow Times Magazine
https://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
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.
Vocational Truck/Body Industry in North America: Wreckers & Carriers
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.
Global Tow Vehicle Market
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 ››Industry Financial Ratios
Financial Statements and 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.
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.
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Compensation and Salary Surveys
Motor Vehicle Towing
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
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.
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Business Valuation Resources
Small Business Valuation Multiples
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.