Car Towing Service Market Share, Size, Future Demand, and Emerging Trends

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Towing can be defined as the process of pulling and hauling a vehicle with a chain. 

Everyone who drives a vehicle must be aware of the parking and towing laws. As it would make them avoid unnecessary penalty fees. In addition, the growing demand for roadside assistance services is projected to fuel the demand for care towing. 

The motor insurer and auto manufacturing companies are likely to rapidly expand their businesses, due to the growing demand for roadside assistance services, including car towing, offered by auto manufacturers, and insurance companies, as an add-on feature. 

The advanced technology has enabled car towing service providers to respond faster and more efficiently with smartphone applications led by surging smartphone and internet penetration. 

Have you ever been stranded due to a broken-down vehicle or when it suddenly stopped running? In such a case, the towing service becomes the savior. 

There are types of towing services, depending on the mechanism used. We have provided here a brief description of several types of car towing services. 

Get More Insights: Car Towing Service Market Revenue Estimation and Growth Forecast Report

Zero Degree Towing: It is another version of flatbed towing. Unlike flatbed towing, it involves a platform for loading the car or motorcycle. A hydraulic machine is utilized to detach the platform from the tow truck so that it gets onto the ground. 

Closed Container Tow Truck: A closed container tow truck is usually placed on the chassis of a truck. It makes it safest for towing. It is widely popular for long-distance towing Sports cars, Luxury cars, and Antique Cars. 

The major players operating in the industry are; Falck Danmark A/S, RAC Motoring Services, Roadside Transportation, National General Insurance, Access Roadside Assistance, Allianz Partners SAS, THE ALLSTATE CORPORATION, SOS International, and Falck Danmark A/S. 

Therefore, the demand for towing services is rising due to growing incidences of vehicle breakdown, led by surging cases of road accidents. 

 

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