Towing Services in Australia - Market Research Report

Towing Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 0.3%

Revenue for the Towing Services industry has grown slowly over the past five years. The industry has benefited from the rising number of motor vehicles on Australia's roads, as new passenger motor vehicle sales have increased. The rising number of vehicles on the roads creates greater potential for breakdowns and accidents, stimulating demand for towing services. As a result, industry revenue is expected to grow at an annualised 0.3% over the five years through 2018-19, to reach $441.5 million. This includes an anticipated increase of 0.1% in the current year. While the presence of new vehicles on the roads increases the total number of motor vehicles, it can also adversely affect the industry. Newer vehicles are less likely to break down compared w...
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Towing Services industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Revenue for the Towing Services industry is projected to grow steadily over the next five years, as rising passenger motor vehicle sales boost the number of cars on the road. While the number of motor vehicles is forecast to increase, new vehicles with enhanced safety features are likely to continue reducing the number of road accidents, limiting demand for towing services. Australian road rules are becoming stricter to prevent crashes and minimise the road toll. This trend is likely to reduce demand for emergency assistance, such as towing services. Industry revenue is forecast to grow at an annualised X.X% over the five years through XXX-XX, to reach $XX.X million. This includes projected growth of X.X% in XXX-XXX. Industry operators are anticipat...
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Towing Services industry statistics

  • attach_money Market Size: $442m
  • business Number of Businesses: 2,790
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 3,120

Biggest companies in the Towing Services industry

The companies holding the largest market share in the Towing Services in Australia industry include Royal Automobile Club of Victoria (RACV) Ltd.

  • pie_chart Royal Automobile Club of Victoria (RACV) Ltd Market Share: x.x%
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What is Towing Services industry?

Industry Definition

Industry operators primarily tow light or heavy vehicles and other machinery over short or long distances. Operators may also provide incidental ancillary services, such as emergency roadside repairs and temporary pound or storage. The industry excludes long-distance transportation of freight, such as heavy machinery and equipment, buildings or containers, and motor vehicles.

Industry Products and Services

  • Breakdown towing
  • Salvage towing
  • Car park or limited-access towing
  • Law enforcement towing
  • Machinery and equipment towing

Industry Activities

  • Motor vehicle towing
  • Machinery and equipment towing
  • Emergency roadside assistance
  • Bog or salvage assistance

Market research report - table of contents

Industry Definition

Industry operators primarily tow light or heavy vehicles and other machinery over short or long distances. Operators may also provide incidental ancillary services, such as emergency roadside repairs and temporary pound or storage. The industry excludes long-distance transportation of freight, such as heavy machinery and equipment, buildings or containers, and motor vehicles.

Main Activities

  • Motor vehicle towing
  • Machinery and equipment towing
  • Emergency roadside assistance
  • Bog or salvage assistance

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

An increase in the total number of registered motor vehicles tends to support industry demand, as there are more cars that may require industry services. ...
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Number of motor vehicles
Average age of vehicle fleet
Population aged between 18 and 25
Number of vehicle accident deaths

Current Performance

New vehicles
Industry structure
 Chart: Revenue Growth

Industry Outlook

Vehicle developments
Technological systems
 Table: Towing Services in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Towing Services in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Motor Vehicle Dealers in Australia
Motor Vehicle Engine and Parts Repair and Maintenance in Australia
Parking Services in Australia
General Insurance in Australia
Public Administration and Safety
Consumers

Key Selling Industries

Commercial Vehicle Wholesaling in Australia
Fuel Retailing in Australia
Computer and Software Retailing in Australia




Products & Services

Activity in the Towing Services industry can be segmented based on the type of vehicle or equipment towed, and the reason the service is required. The mai...
Commercial customers
Local and state governments




Demand Determinants

Demand for towing services relies on numerous factors. The primary determinant is the number of motor vehicles on the road. Other factors include the aver...
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Major Markets

Commercial customers
Local and state governments





 Chart: Major Market Segmentation for the Towing Services in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Towing Services industry has low market share concentration, and this trend has remained unchanged over the past five years. The industry is dominated...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Towing Services in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Towing Services in Australia - Market Research Report Industry

Industry Globalization

Royal Automobile Club of Victoria (RACV) Ltd is a locally owned unlisted public company that derives revenue from its member, insurance and financial serv...
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RACV

 Table: RACV - financial performance

Capital Intensity

The industry has moderate capital intensity. For every dollar invested in capital, an estimated $7.69 is spent on wages. The purchase of a new vehicle is ...
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 Chart: Level of Capital Intensity for the Towing Services in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Towing Services in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

COMPUTER-AIDED DISPATCH

LIGHT RIGID TRUCKS

NATIONAL ROADS AND MOTORISTS’ ASSOCIATION (NRMA)

ROYAL AUTOMOBILE CLUB OF VICTORIA (RACV)

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Towing Services industry?

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This report on Towing Services in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Towing Services in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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