Global Car Towing Service Market by Tow Vehicle Type and by Service Provider - Global Forecast to 2025

Published Date: Jul, 2020

The report "Car Towing Service Market by Tow Vehicle Type (Integrated Tow Truck, Wheel Lift Tow Truck, Flat Bed Tow Truck and Hook and Chain Tow Truck), by Service Provider (Motor Insurer, Automotive Club, Auto Manufacturer and Independent Warranty Provider) - Global Forecast to 2025", market is expected to witness CAGR of 4.5% during the forecast period. Increasing digitalization process in the automobile domain along with technological upgradation are the key trends observed in the global car towing service market. Extensive development in the shared mobility market is enabling new entrants to provide customers with one stop solution and book and pay for services for all modes of transport globally. This disruption of technology along with rapid evolution of mobility ecosystem is bolstering the growth of global car towing service market.

By tow vehicle type, the flat bed tow truck segment is projected to witness highest CAGR during the forecast period.

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

Global Car Towing Service Market Segmentation Analysis

Segment

Categorization

Leading Category

Tow Vehicle Type

Integrated Tow Truck, Wheel Lift Tow Truck, Flat Bed Tow Truck and Hook and Chain Tow Truck

Flat Bed Tow Truck (Fastest)

Service Provider

Motor Insurer, Automotive Club, Auto Manufacturer and Independent Warranty Provider

Motor Insurer (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Europe (Largest)

Asia-Pacific (Fastest)

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“Europe to hold the largest regional market share in 2019.”

Europe had a large market share in terms of sales in 2019. This share is attributed towards presence of key automobile manufacturers in the region that are rampantly emphasizing their efforts towards product development.

Some of the major players 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.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Tow Vehicle Type, Service Provider, and Region

Geographies Covered in the Study

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

Companies Covered in the Study

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

Global Car Towing Service Market Coverage

Tow Vehicle Type Insight and Forecast 2015-2025

  • Integrated Tow Truck
  • Wheel Lift Tow Truck
  • Flat Bed Tow Truck
  • Hook and Chain Tow Truck

Service Provider Insight and Forecast 2015-2025

  • Motor Insurer
  • Automotive Club
  • Auto Manufacturer
  • Independent Warranty Provider

Geographical Segmentation

Car Towing Service Market by Region

North America

  • By Tow Vehicle Type
  • By Service Provider
  • By Country – U.S., Canada, and Mexico

Europe

  • By Tow Vehicle Type
  • By Service Provider
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Tow Vehicle Type
  • By Service Provider
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Tow Vehicle Type
  • By Service Provider
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
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Global Car Towing Service Market by Tow Vehicle Type and by Service Provider - Global Forecast to 2025