Automobile Towing & Road Service Industry
NAICS: 48841
Contents
Automobile Towing & Road Service Market Share: Largest Companies in the Automobile Towing & Road Service Industry
Company |
Headquarters | Revenue ($ MM) |
---|
TOWING HOLDINGS | Englewood, CO | 100 |
AAA COLORADO | Greenwood Village, CO | 94 |
VIRGINIA TRANSPORTATION | West Warwick, RI | 80 |
ROADONE WEST | San Diego, CA | 62 |
URT UNITED ROAD TOWING | Markham, IL | 52 |
BEASLEY TIRE SERVICE HOUSTON | Houston, TX | 41 |
RESOLVE TOWING & SALVAGE | Fort Lauderdale, FL | 40 |
UNITED TOWING & TRANSPORT BURBANK | Burbank, CA | 36 |
URGENT.LY | Vienna, VA | 33 |
ACT TOWING | Tempe, AZ | 31 |
INNOVATION GROUP | Schaumburg, IL | 30 |
GUARDIAN FLEET SERVICES | West Palm Beach, FL | 30 |
ACTION TOWING & ROAD SERVICING | Redwood City, CA | 29 |
SANDYS TOWING & TRUCK SERVICES | Dayton, OH | 26 |
SHADOW CREEK TOW | Markham, IL | 26 |
ISLAND BUSINESS GROUP LLC DBA 808 TOWING | Kahului, HI | 24 |
DEFALCOS INSTANT TOWING | Chatham, NJ | 22 |
VEHICLE MANAGEMENT SOLUTIONS | San Antonio, TX | 21 |
ACTION SOUTHLAND ENTERPRISES | Stanton, CA | 21 |
This is a list of the largest companies active in the Automobile Towing & Road Service industry. This differs from market share in the following example:
One business with revenues of $100 million generates 10% of its business from the Automobile Towing & Road Service industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.
Growth: Fastest Growing Automobile Towing & Road Service Companies
A list of competitors in the Automobile Towing & Road Service industry that are rapidly expanding. Businesses may grow organically or through acquisition.
Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly.
Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.
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Small Business Financing
Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Automobile Towing & Road Service businesses may use the financing to cover startup expenses or the costs of hiring new employees.
Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.
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Venture Funding
These Automobile Towing & Road Service companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally
have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.
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