Towing Vehicle Market Grow at a CAGR of 3.98% by Knowledge Sourcing

1. Towing Vehicle Market Forecast From 2019 to 2024

2. DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, Global Towing Vehicle market is projected to grow at a CAGR of 3.98% during the forecast period, reaching a total market size of US$9,190.542 million in 2025 from US$7,270.833 million in 2019.One of the major factors that is driving the growth of the global towing vehicle market is the rising number of road crashes worldwide. As the number of road accidents is rising even after imposing strict road safety regulations, the demand for towing vehicle fleet is also increasing which is positively impacting the growth of global towing vehicle market. Rising number of vehicles on road owing to increasing urbanization and purchasing power is driving with it the number of vehicle breakdowns and crashes. Since vehicle traffic on roads is rising, there has also been an uptick in the number of drivers violating traffic rules as vehicle owners tend to park their vehicles in areas other than designated ones for parking. 

3. Key Questions Answered By The Report • What will be Towing Vehicle Marketfrom 2019 to 2024? • How are the major drivers and restraints affecting the Towing Vehicle Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth

4. Segments Covered Under Towing Vehicle Market  are : • By Type • Flatbed Tow Truck • Hook and Chain Tow Truck • Wheel Lift Tow Truck • Integrated Tow Trucks

5. Geography • North America • USA • Canada • Mexico • South America • Brazil • Argentina • Others • Europe • UK • Germany • France • Italy • Others

6. Geography • Middle East and Africa • Saudi Arabia • UAE • Others • Asia Pacific • China • Japan • India • South Korea • Others

7. COMPANY PROFILES • Danco Products • Dual-Tech. Inc. • Miller Industries Inc. • Global Towing Systems Kft • Johnson's Heavy Towing • Fiault SAS • MONZA J. ESTEBAN, S.L • Erkin World Power • Falkom B.V. • Jost's Engineering Company Limited

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