2024 Automobile Towing & Road Service Industry Statistics Report

Automobile Towing & Road Service - Market Size and Industry Forecast

The 2024 Automobile Towing and Road Service Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Automobile Towing & Road Service industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Automobile Towing & Road Service - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Automobile Towing & Road Service companies in the United States.

Automobile Towing & Road Service Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesAutomobile Towing & Road Service
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Automobile Towing & Road Service - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Automobile Towing & Road Service - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Automobile Towing & Road Service - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Towing services
Other products
Repair and maintenance of goods transportation equipment
Road access services - tolls
Domestic freight transportation arrangement service
Reselling of fuel, wholesale
Non-vessel operating common carrier service
Road cleaning services
Rental of goods transportation equipment, without operators

Automobile Towing & Road Service - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations3%


Chief Executives%
General and Operations Managers2%
Office and Administrative Support Occupations20%
Material Recording, Scheduling, Dispatching, and Distributing Workers8%
Dispatchers, Except Police, Fire, and Ambulance7%
Other Office and Administrative Support Workers5%
Installation, Maintenance, and Repair Occupations8%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers6%
Transportation and Material Moving Occupations64%
Motor Vehicle Operators48%
Driver/Sales Workers and Truck Drivers45%
Heavy and Tractor-Trailer Truck Drivers42%
Material Moving Workers12%
Laborers and Material Movers, Hand10%
Laborers and Freight, Stock, and Material Movers, Hand9%

Government Contracts

In the past, the federal government spent an annual total of $7,576,743 on the automobile towing & road service industry. It has awarded 138 contracts to 34 companies, with an average value of $222,845 per company.

Automobile Towing & Road Service and Adjacent Industries - Top Companies

($ Millions)


Automobile Towing & Road Service Industry Research
GeographyUnited States  
Publication DateJuly 2024
Report FormatPDF Download  PDF

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