How big is the Towing Market | Industry Trends & Forecast 2025

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Code: MTA9439

Publication Date: Sep 2025

What is the size of Towing Market?

According to 6Wresearch internal database and industry insights, the Towing Market was valued at USD 12.7 Billion in 2024 and is expected to reach USD 20.4 Billion by 2031, growing at a CAGR of 6.7% during the 2025-2031.

The primary contributors to this growth are the increasing demand for roadside assistance services, greater vehicle ownership, and the increased capabilities of tow truck technology that improve efficiency, safety, and capabilities in commercial and emergency applications.

Growth Factors for Towing Industry

The expanding vehicle fleet is creating demand for towing services and equipment.
The growth of roadside assistance and emergency service providers supports industry growth.
The number of modern tow trucks with new safety features is rising.
The growth of commercial and fleet operations is increasing the demand for towing.
The adoption of GPS and fleet management systems is providing improved efficiency of service.

Towing Market Trends

The trends in the towing market are driven by the increasing adoption of electronically advanced tow trucks with hydraulic lift, automated winches, and GPS-enabled tracking systems installed as standard practice.

Companies are servicing customer demand to create subscription roadside assistance services or on-demand towing services. Industry trends on safety, fuel efficiency, and shorter response times are affecting market capacities. Eco-friendly tow trucks and electric-powered fleets are all emerging trends in the commercial and emergency towing segments.

Emerging Developments in the Towing Market

The towing market developments include the introduction of smart and automated tow trucks with IoT-based monitoring systems. Companies are expanding services through digital platforms for real-time dispatch and fleet management.

Research into lightweight and durable materials for tow trucks is improving operational efficiency. Strategic collaborations between manufacturers, fleet operators, and roadside assistance providers are driving innovation. Furthermore, electric and hybrid tow vehicles are being developed to reduce emissions and enhance energy efficiency.