Market Overview:
The global tow truck body market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for tow truck bodies in various applications such as carriers, wreckers, and rotators. North America is expected to lead the global tow truck body market in terms of revenue during the forecast period. Asia Pacific is projected to be the fastest-growing region in terms of CAGR during the forecast period owing to rising demand for tow trucks from countries such as China and India.
Product Definition:
A tow truck body is the metal frame on the back of a tow truck that holds the mechanisms used to pull vehicles. The body is important because it allows the tow truck to safely and efficiently pull vehicles.
Carriers:
Carriers are used to secure loads in Tow Truck Body (TTB) and they help in carrying goods from one place to another. They are available in different forms such as plate, bar, chain or rope. The type of carrier used depends on the load being carried by the tow truck. Carriers can be made of steel or aluminum; however, most manufacturers prefer using steel owing to its durability and strength which helps carry heavy loads with ease.
Wreckers:
Wreckers are specialized vehicles used to recover damaged or disabled vehicles. They are equipped with heavy-duty winches and powerful hydraulic equipment for towing and recovery operations. Wrecks can be difficult to access in some situations, thus creating a need for specialized equipment that is capable of performing in such conditions.
Application Insights:
Application 1 was estimated as the largest application segment in 2017 and is projected to grow at a CAGR of XX% over the forecast period. Application 1 includes general purpose vehicles for hire or lease, which are primarily used for moving household goods across cities on a daily basis. These types of trucks can be booked online through various e-commerce websites and mobile applications, which has led to an increase in their demand over the recent past.
Application 2 tow trucks include light commercial vehicles (LCVs) and heavy LCVs that serve industrial purposes within manufacturing facilities or warehouses along with road maintenance activities around highways and rural roads where traffic conditions are harsh enough to test any vehicle¢â‚¬â„¢s mettle.
Regional Analysis:
The Asia Pacific region dominated the global tow truck body market in 2017. The regional growth is accredited to the increasing number of accidents, road crashes and natural calamities that trigger the need for heavy-duty vehicles. Moreover, rising demand for new trucks as well as replacement or upgrading of aging fleet is expected to drive industry growth over the forecast period.
North America held a significant share in terms of revenue and volume in 2017 owing to growing demand from U.S., Canada, and Mexico coupled with stringent regulations by government bodies regarding vehicle maintenance standards across various states/provinces within these countries. In addition, growing trade lanes along with increasing adoption of alternative fuel vehicles are anticipated to further boost industry expansion over next seven years.
Europe also holds a considerable share due to high consumer awareness regarding vehicle safety features such as airbags and anti-lock braking systems (ABS).
Growth Factors:
- Increasing demand for towing and recovery services owing to the increasing number of accidents and vehicle breakdowns.
- Growing automotive industry, which is expected to result in an increase in the demand for tow truck bodies.
- Rising popularity of recreational vehicles (RVs) that has led to an increase in the need for tow truck bodies equipped with special features such as ramps and winches that can accommodate RVs safely.
- Proliferation of smart cities, which is expected to lead to an increase in the number of electric vehicles (EVs) on roads, thereby resulting in a higher demand for tow truck bodies that are specifically designed for handling EVs safely and efficiently.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tow Truck Body Market Research Report
By Type
Carriers, Wreckers, Rotators
By Application
Application 1, Application 2
By Companies
B&B Industries Inc., NRC Industries, Danco Products, Dual-Tech, Dynamic, Godwin, Jerr-Dan, Kilar, Ledwell & Son, Miller, NRC Industries, United Recovery Industries, Valew, Weld
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Tow Truck Body Market Report Segments:
The global Tow Truck Body market is segmented on the basis of:
Types
Carriers, Wreckers, Rotators
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Application 1, Application 2
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B&B Industries Inc.
- NRC Industries
- Danco Products
- Dual-Tech
- Dynamic
- Godwin
- Jerr-Dan
- Kilar
- Ledwell & Son
- Miller
- NRC Industries
- United Recovery Industries
- Valew
- Weld
Highlights of The Tow Truck Body Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carriers
- Wreckers
- Rotators
- By Application:
- Application 1
- Application 2
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tow Truck Body Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A tow truck body is the vehicle that a tow truck uses to transport vehicles.
Some of the key players operating in the tow truck body market are B&B Industries Inc., NRC Industries, Danco Products, Dual-Tech, Dynamic, Godwin, Jerr-Dan, Kilar, Ledwell & Son, Miller, NRC Industries, United Recovery Industries, Valew, Weld.
The tow truck body market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tow Truck Body Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tow Truck Body Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tow Truck Body Market - Supply Chain
4.5. Global Tow Truck Body Market Forecast
4.5.1. Tow Truck Body Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tow Truck Body Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tow Truck Body Market Absolute $ Opportunity
5. Global Tow Truck Body Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tow Truck Body Market Size and Volume Forecast by Type
5.3.1. Carriers
5.3.2. Wreckers
5.3.3. Rotators
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tow Truck Body Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tow Truck Body Market Size and Volume Forecast by Application12
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tow Truck Body Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tow Truck Body Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tow Truck Body Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tow Truck Body Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tow Truck Body Demand Share Forecast, 2019-2029
9. North America Tow Truck Body Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tow Truck Body Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tow Truck Body Market Size and Volume Forecast by Application12
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tow Truck Body Market Size and Volume Forecast by Type
9.7.1. Carriers
9.7.2. Wreckers
9.7.3. Rotators
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tow Truck Body Demand Share Forecast, 2019-2029
10. Latin America Tow Truck Body Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tow Truck Body Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tow Truck Body Market Size and Volume Forecast by Application12
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tow Truck Body Market Size and Volume Forecast by Type
10.7.1. Carriers
10.7.2. Wreckers
10.7.3. Rotators
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tow Truck Body Demand Share Forecast, 2019-2029
11. Europe Tow Truck Body Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tow Truck Body Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tow Truck Body Market Size and Volume Forecast by Application12
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tow Truck Body Market Size and Volume Forecast by Type
11.7.1. Carriers
11.7.2. Wreckers
11.7.3. Rotators
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tow Truck Body Demand Share, 2019-2029
12. Asia Pacific Tow Truck Body Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tow Truck Body Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tow Truck Body Market Size and Volume Forecast by Application12
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tow Truck Body Market Size and Volume Forecast by Type
12.7.1. Carriers
12.7.2. Wreckers
12.7.3. Rotators
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tow Truck Body Demand Share, 2019-2029
13. Middle East & Africa Tow Truck Body Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tow Truck Body Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tow Truck Body Market Size and Volume Forecast by Application12
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tow Truck Body Market Size and Volume Forecast by Type
13.7.1. Carriers
13.7.2. Wreckers
13.7.3. Rotators
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tow Truck Body Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Tow Truck Body Market: Market Share Analysis
14.2. Tow Truck Body Distributors and Customers
14.3. Tow Truck Body Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. B&B Industries Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NRC Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Danco Products
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dual-Tech
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dynamic
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Godwin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jerr-Dan
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kilar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ledwell & Son
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Miller
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NRC Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. United Recovery Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Valew
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Weld
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
