Towing Services – Industry Analysis, Statistics, Trends, and Forecasts

SIC 7549 | NAICS 488410

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

See the following sections listed below to view available resources by category:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Statements and Financial Ratios

Compensation and Salary Surveys

BV Guides and Databases

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

Industry Analysis, Statistics, Trends, and Forecasts

Vehicle Towing Services (view report)

Comprehensive industry 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. Topics addressed in the reports include:

Market size and major product and service segments
Key industry statistics, trends, and financial ratios
Operating conditions and current performance
Competitive landscape and environment
Major company profiles and market shares
Five-year outlook and growth forecasts

Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

American Towman Media, Inc.
Tow Industry Week / American Towman Magazine
https://www.towindustryweek.com/ / americantowman.com

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.

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
https://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://www.specialtyresearch.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.

AMR
Roadside Assistance Outlook
https://www.alliedmarketresearch.com/

AMR study provides a detailed analysis of the roadside assistance market, with information provided including market size and forecasts by service (e.g., towing, tire replacement, fuel delivery, jump/pull start, lockout/replacement key, battery, winch), provider (e.g., manufacturer, insurance, independent warranty, automobile club), vehicle (e.g., passenger, commercial LCV/HCV), and region (e.g., U.S.).

BizMiner Market Analysis Reports
Motor Vehicle Towing Services
https://www.bizminer.com Search for "488410" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

More industry research reports»

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Motor Vehicle Towing Services
https://www.bizminer.com Search for "488410" to see available reports

Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:

Income and expenses in dollars and percentages
Balance sheets in dollars and percentages
Profitability and return on investment ratios
Liquidity and working capital ratios
Asset turnover and efficiency ratios
Capital structure and debt service ratios

Sample financial ratio analysis can be viewed free online.

IBISWorld Research Reports
Industry Financial Ratios
(see links for individual reports)

Key statistics section of these reports provides detailed income statements and balance sheets on a common-size basis and an array of industry financial ratios, with the financial ratio data presented on an annual basis for the four most recent years for which data is available and on a historical average basis over three-year, five-year, and ten-year time periods. Sample report can be viewed free online.

More financial benchmarking data»

Compensation and Salary Surveys

PayScale, Inc.
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 compensation surveys»

BV Guides and Databases

BVMarketData

Private Company Sales Transaction Databases
https://www.bvresources.com/

Free "Visitor Search" allows users to search DealStats, BIZCOMPS, and FactSet MergerStat for private company sales transaction data by SIC Code or NAICS Code using the following codes:

– SIC Code 7549 - Automotive Towing Service

– NAICS Code 488410 - Motor Vehicle Towing

Establishments included in these codes

Towing companies - These are businesses that specialize in towing vehicles, typically for a fee. They may provide local or long-distance towing services for light or heavy motor vehicles, such as cars, trucks, and buses. Some towing companies also offer roadside assistance and emergency repair services.

Roadside assistance companies - These companies provide emergency services to motorists who are stranded on the side of the road. They may provide services such as fuel delivery, jump-starts, and tire changes, and may also offer towing services for vehicles that cannot be repaired on the spot.

Motor vehicle salvage yards - Salvage yards are businesses that buy, sell, and recycle used auto parts. They may also offer towing services for damaged or totaled vehicles that need to be transported to the salvage yard.

Specialized trucking companies - Some trucking companies specialize in towing heavy motor vehicles, such as tractor-trailers and buses. They may provide local or long-distance towing services, and may also offer repair and storage services for towed vehicles.

Vehicle recovery services - These companies specialize in recovering vehicles that are stuck or immobilized, such as those that are stuck in mud or snow, or those that have been involved in an accident. They may use specialized equipment, such as winches and cranes, to recover the vehicle.

Sample transaction data reports that include valuation multiples are available free online.

More valuation data»

Related Industries:
Auto Body Shops
Auto Repair Services
Automobile Dealers
Truck Repair Services

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