Car Towing Service Market

Industry Overview

The Global Car Towing Service Market is expected to witness a CAGR of 4.8% during the forecast period. The growth of this market is attributed to the increasing manufacturing of automobiles across the globe, increasing disposable income of the people along with the improved standard of living.

Towing of the vehicle is a process in which there are two or more connected vehicles that are pulled by a power source. These vehicles can be joined by a chain, rope, and hitch to keep them connected while in motion. The disabled, impounded, indisposed or wrongly parked vehicles are moved by the tow truck. These tow trucks are of three categories, first the small trailers that are used to tow a vehicle of size up to an SUV and minivan. The towing capacity is a measure of the upper limit of the weight the towing vehicle can tow; this is measured in pounds or kilograms.

Additionally, people are feeling the need to travel in comfort, and thus with increased disposable income, there is an escalation in the use of personal vehicles rather than carpooling, or use of public transport. Furthermore, there is an increase in the rendering of rental car services for those who do not own a personal vehicle but rent one. This has led to an increase in the need for roadside assistance for individuals, towing vehicles are needed by the transport authorities to tow those cars that are wrongly parked and the vehicles that are in disposable conditions also need to be towed further escalating the growth of global car towing service market.

Market Segmentation

Insight by Tow Vehicle Type

Based on tow vehicle type, the car towing service market is subdivided into integrated tow trucks, wheel lift tow trucks, flatbed tow trucks, and hook and chain tow trucks. The flatbed tow truck segment is projected to witness the highest CAGR during the forecast period as among the service providers these are the most popular. These tow trucks provide the lowest risk of towing a vehicle as once the vehicle is secured on the flatbed the vehicle can be transported without any further damage.

Insight by Service Provider

Based on service providers, the global car towing service market is subdivided into motor insurers, automotive clubs, auto manufacturers, and independent warranty providers. Amongst these segments, the motor insurer segment is expected to witness the highest CAGR during the forecast period.  Due to the requirement of insurance companies for towing vehicles and auto manufacturers who provide roadside assistance, they tend to grow during the forecast period. Furthermore, the involvement of the Internet of Things in this segment has allowed roadside assistance to respond faster, which makes the service more efficient

Industry Dynamics

Global Car Towing Service Market Report Coverage

Growth Drivers

Technological advancements such as the Internet of Things, and improved lifestyles along with increasing emphasis by key players to upgrade new features in the car are the key factors driving the growth of the global car towing service market. The automotive industry is bringing in new features in the cars to provide more safety to customers. One such feature is the provision of the integrated telematics system that provides information about the vehicle such as vehicle movements, location, faults, and failures to the manufacturer or the third party such as the insurance providers. This is helping the roadside assistance to be more efficient and quick in responding which is further strengthening the growth of the global car towing service market throughout the forecast period.

Challenges

However, increasing dissemination of advanced driver-assistance systems (ADAS) and other upgraded features in passenger vehicles are the key factors anticipated to hamper the growth of the global car towing service market.

Geographic Overview

Geographically, the car towing service market in Europe is anticipated to generate the largest revenue by 2030. The growth of this market is attributed to the presence of key automobile manufacturers in the region that are rampantly emphasizing their efforts toward product development.

Moreover, Asia-Pacific is expected to witness the highest CAGR during the forecast period due to the large population and increasing disposable income of the population which provides a large market base to the automobile industry. Furthermore, the extensive utilization of commercial and personal vehicles enhances the chances of accidents and breakdowns. As a result these insurance service providers also provide roadside assistance thereby significantly contributing towards the growth of the car towing service market in Asia-Pacific.

Competitive Insight

Key players operating in the car towing service market are emphasizing their efforts upon strategic acquisitions to strengthen capabilities of research & development that support them in providing innovative solutions to the users and thus gain a competitive advantage.

The AA is the UK’s leading provider of roadside assistance serving 14 million members with approximately 2,800 patrols attending an average of 9,000 breakdowns daily. Company also offer motor and home insurance policies. The AA’s mission is to create confidence for drivers now and for the future, anticipating drivers’ needs and striving to be always ahead.

RAC Limited is a British automotive services company headquartered in Walsall, West Midlands. Company provide services of roadside assistance and general insurance. Its subsidiaries include RAC Financial Services Ltd, RAC Motoring Services Ltd and RAC Insurance Limited.

Some of the major players operating in the global car towing service market include AA PLC, RAC Motoring Services, Falck Danmark A/S, Allianz Partners SAS, Access Roadside Assistance, Agero Inc, National General Insurance, SOS International, ARC EUROPE SA, Viking Assistance Group, and THE ALLSTATE CORPORATION.

Recent Developments by Key Players

RAC Connected is enhancing its offer to business fleets by collaborating with market-leading smart camera systems provider Exeros Technologies to further protect drivers and vehicles.

SOS International collaborates with the local operator Linus Bilbärgning exceeding service expectations and being at the forefront of the industry.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data, and have key opinions from industry experts. The key profiles approached within the industry include, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising consumers are also conducted to understand consumer behavior.

The Hybrid Powertrain Systems Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• Tow Vehicle
  • Integrated Tow Truck
  • Wheel Lift Tow Truck
  • Flat Bed Tow Truck
  • Hook and Chain Tow Truck
• Service Provider
  • Motor Insurer
  • Automotive Club
  • Auto Manufacturer
  • Independent Warranty Provider

Geographical Segmentation

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Tow Vehicle Type
                1.2.2.    By Service Provider
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Research Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Tow Vehicle Type    
                5.1.1.    Integrated Tow Truck
                        5.1.1.1.    Market Definition
                5.1.2.    Wheel Lift Tow Truck
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2030
                5.1.3.    Flat Bed Tow Truck
                        5.1.3.1.    Market Definition
                        5.1.3.2.    Market Estimation and Forecast to 2030
                5.1.4.    Hook and chain Tow truck
                        5.1.4.1.    Market Definition
                        5.1.4.2.    Market Estimation and Forecast to 2030

        5.2.    By Service Provider
                5.2.1.    Motor insurer
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2030
                5.2.2.    Automotive Club
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2030
                5.2.3.    Auto manufacturer
                        5.2.3.1.    Market Definition
                        5.2.3.2.    Market Estimation and Forecast to 2030
                5.2.4.    Independent warranty provider
                        5.2.4.1.    Market Definition
                        5.2.4.2.    Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

        6.1.    By Tow Vehicle Type
        6.2.    By Service Provider

        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Tow Vehicle Type
        7.2.    By Service Provider

        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Russia Market Estimate and Forecast
                7.3.7.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Tow Vehicle Type
        8.2.    By Service Provider

        8.3.    By Country 
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Tow Vehicle Type
        9.2.    By Service Provider
        
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    U.A.E. Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    AA PLC
                1.1.1.    Snapshot
                1.1.2.    Overview
                1.1.3.    Offerings
                1.1.4.    Financial Insight
                1.1.5.    Recent Developments

        10.2.    RAC Motoring Services
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments

        10.3.    Falck Danmark
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments

        10.4.    Allianz Parteners SAS
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments

        10.5.    Access Roadside Assistance
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments

        10.6.    Agero Inc
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments

        10.7.    National General Insurance
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings        
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments

        10.8.    SOS International
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments

        10.9.    ARC EUROPE SA
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments

        10.10.    Viking Assistance Group
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments

        10.11.    The All State Corporation
                10.11.1. Snapshot
                10.11.2. Overview
                10.11.3. Offerings
                10.11.4. Financial Insight
                10.11.5. Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Car Towing Service Market Size, by Tow Vehicle Type, 2018 – 2023 (USD Billion)
Table 5 Global Car Towing Service Market Size, by Tow Vehicle Type, 2025 – 2030 (USD Billion)
Table 6 Global Car Towing Service Market Size, by Service Provider, 2018 – 2023 (USD Billion)
Table 7 Global Car Towing Service Market Size, by Service Provider, 2025 – 2030 (USD Billion)
Table 8 Global Car Towing Service Market Size, by Region, 2018 – 2023 (USD Billion)
Table 9 Global Car Towing Service Market Size, by Region, 2025 – 2030 (USD Billion)
Table 10 North America Car Towing Service Market Size, by Tow Vehicle Type, 2018 – 2023 (USD Billion)
Table 11 North America Car Towing Service Market Size, by Tow Vehicle Type, 2025 – 2030 (USD Billion)
Table 12 North America Car Towing Service Market Size, by Service Provider, 2018 – 2023 (USD Billion)
Table 13 North America Car Towing Service Market Size, by Service Provider, 2025 – 2030 (USD Billion)
Table 14 North America Car Towing Service Market Size, by Country, 2018 – 2023 (USD Billion)
Table 15 North America Car Towing Service Market Size, by Country, 2025 – 2030 (USD Billion)
Table 16 Europe Car Towing Service Market Size, by Tow Vehicle Type, 2018 – 2023 (USD Billion)
Table 17 Europe Car Towing Service Market Size, by Tow Vehicle Type, 2025 – 2030 (USD Billion)
Table 18 Europe Car Towing Service Market Size, by Service Provider, 2018 – 2023 (USD Billion)
Table 19 Europe Car Towing Service Market Size, by Service Provider, 2025 – 2030 (USD Billion)
Table 20 Europe Car Towing Service Market Size, by Country, 2018 – 2023 (USD Billion)
Table 21 Europe Car Towing Service Market Size, by Country, 2025 – 2030 (USD Billion)
Table 22 Asia-Pacific Car Towing Service Market Size, by Tow Vehicle Type, 2018 – 2023 (USD Billion)
Table 23 Asia-Pacific Car Towing Service Market Size, by Tow Vehicle Type, 2025 – 2030 (USD Billion)
Table 24 Asia-Pacific Car Towing Service Market Size, by Service Provider, 2018 – 2023 (USD Billion)
Table 25 Asia-Pacific Car Towing Service Market Size, by Service Provider, 2025 – 2030 (USD Billion)
Table 26 Asia-Pacific Car Towing Service Market Size, by Country, 2018 – 2023 (USD Billion)
Table 27 Asia-Pacific Car Towing Service Market Size, by Country, 2025 – 2030 (USD Billion)
Table 28 RoW Car Towing Service Market Size, by Tow Vehicle Type, 2018 – 2023 (USD Billion)
Table 29 RoW Car Towing Service Market Size, by Tow Vehicle Type, 2025 – 2030 (USD Billion)
Table 30 RoW Car Towing Service Market Size, by Service Provider, 2018 – 2023 (USD Billion)
Table 31 RoW Car Towing Service Market Size, by Service Provider, 2025 – 2030 (USD Billion)
Table 32 RoW Car Towing Service Market Size, by Country, 2018 – 2023 (USD Billion)
Table 33 RoW Car Towing Service Market Size, by Country, 2025 – 2030 (USD Billion)
Table 34 Snapshot – AA PLC
Table 35 Snapshot – RAC Motoring Services
Table 36 Snapshot – Falck Danmark A/S
Table 37 Snapshot – Allianz Partners SAS
Table 38 Snapshot – Access Roadside Assistance
Table 39 Snapshot – Agero Inc
Table 40 Snapshot – National General Insurance
Table 41 Snapshot – SOS International
Table 42 Snapshot – ARC EUROPE SA
Table 43 Snapshot – Viking Assistance Group
Table 44 Snapshot – THE ALLSTATE CORPORATION

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Car Towing Service Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Car Towing Service Market Highlight
Figure 12 Global Car Towing Service Market Size, by Tow Vehicle Type, 2018 - 2030 (USD Billion)
Figure 13 Global Car Towing Service Market Size, by Service Provider, 2018 - 2030 (USD Billion)
Figure 14 Global Car Towing Service Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 15 North America Car Towing Service Market Highlight
Figure 16 North America Car Towing Service Market Size, by Tow Vehicle Type, 2018 - 2030 (USD Billion)
Figure 17 North America Car Towing Service Market Size, by Service Provider, 2018 - 2030 (USD Billion)
Figure 18 North America Car Towing Service Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 19 Europe Car Towing Service Market Highlight
Figure 20 Europe Car Towing Service Market Size, by Tow Vehicle Type, 2018 - 2030 (USD Billion)
Figure 21 Europe Car Towing Service Market Size, by Service Provider, 2018 - 2030 (USD Billion)
Figure 22 Europe Car Towing Service Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Car Towing Service Market Highlight
Figure 24 Asia-Pacific Car Towing Service Market Size, by Tow Vehicle Type, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific Car Towing Service Market Size, by Service Provider, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Car Towing Service Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 27 RoW Car Towing Service Market Highlight
Figure 28 RoW Car Towing Service Market Size, by Tow Vehicle Type, 2018 - 2030 (USD Billion)
Figure 29 RoW Car Towing Service Market Size, by Service Provider, 2018 - 2030 (USD Billion)
Figure 30 RoW Car Towing Service Market Size, by Country, 2018 - 2030 (USD Billion)