Motor Vehicle Towing Services
Companies in this industry provide towing services for light or heavy motor vehicles; they may also offer other roadside assistance and vehicle storage services. No major companies dominate the industry.
The US motor vehicle towing industry includes about 9,200 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $7 billion.
Competitive Landscape
Demand is driven by the average age of the US motor vehicle fleet, the rate of automobile accidents, and parking enforcement by private landowners and municipalities. The profitability of individual companies depends on effective marketing and efficient operations. Small companies can effectively compete with larger ones, because there are few economies of scale in operations. The US industry is highly fragmented: the top 50 companies account for about 10% of revenue.
Products, Operations & Technology
Towing services primarily consist of consent and nonconsent towing. Consent towing usually involves towing a consumer's inoperable vehicle to a designated
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Glossary of Acronyms