Towing Services in Australia - Industry Market Research Report

Towing Services in Australia - Industry Market Research Report

Towing Services in Australia

Operators in the Towing Services industry have faced mixed trading conditions over the past five years. The industry has benefited from the rising number of motor vehicles on Australia's roads, which has increased the potential for breakdowns and accidents and supported demand for towing services. However, new vehicles have become more reliable and frequently come with advanced safety features, reducing demand for industry services over the past five years. Restrictions on movement and gatherings during the COVID-19 pandemic have negatively affected motor vehicle activity over the past five years. Overall, industry revenue is expected to decline at an annualised 1.3% over the five years through 2022-23, to $492.1 million. This trend includes an anticipated decrease of 1.6% in the current year.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.