Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Automobile Towing & Road Service

Market Size & Industry Statistics

The total U.S. industry market size for Automobile Towing & Road Service: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Automobile Towing & Road Service market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The automobile towing and road service industry is facing a number of key trends that are shaping its current and future operations. One of the main trends is the growing demand for on-demand roadside assistance services, fueled by the rise of the gig economy and the growing popularity of ride-hailing services. This trend is driving companies to develop more flexible and agile roadside assistance services, such as mobile apps and digital platforms that allow customers to request and schedule services on-the-go.

Another important trend is the increasing adoption of advanced technologies, such as telematics, IoT sensors, and artificial intelligence, to improve operational efficiency, safety, and customer satisfaction. For example, telematics systems can provide real-time data on vehicle location, speed, and diagnostic information, enabling service providers to dispatch the nearest truck and prioritize urgent requests. Artificial intelligence and machine learning algorithms can help improve service quality and reduce downtime, by predicting maintenance needs and identifying potential problems before they occur.

Additionally, the rise of electric and autonomous vehicles is poised to transform the industry by changing the nature of breakdowns and repairs. Electric cars require specialized towing equipment and charging services, while autonomous vehicles may require remote troubleshooting and software updates. As a result, service providers are investing in new training, equipment, and services to adapt to these emerging technologies and provide the highest level of support to all types of vehicles.

Product & Services Breakdown

Research products and services in the Automobile Towing & Road Service industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Maintenance And Repair And Related Services For Transportation Equipment

Towing Services

Other Products

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Automobile Towing & Road Service company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Automobile Towing & Road Service industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Automobile Towing & Road Service measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers4%
Office and Administrative Support Occupations 21%
Material Recording, Scheduling, Dispatching, and Distributing Workers 9%
Dispatchers 9%
Dispatchers, Except Police, Fire, and Ambulance 9%
Installation, Maintenance, and Repair Occupations 7%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 6%
Transportation and Material Moving Occupations 62%
Motor Vehicle Operators 51%
Driver/Sales Workers and Truck Drivers 50%
Heavy and Tractor-Trailer Truck Drivers 46%
Material Moving Workers 7%
Source: Bureau of Labor Statistics

Automobile Towing & Road Service Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Automobile Towing & Road Service industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Automobile Towing & Road Service industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Automobile Towing & Road Service industry.

Government Contracts

In 2022, the federal government spent a total of $1,638,926 on Automobile Towing & Road Service. It has awarded 89 contracts to 33 companies, with an average value of $49,664 per company.   

Most Recent Contracts Date Total Award Amount
19804 Bobolink Dr
Hialeah, FL
Jun 28, 2023$42,937

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