Market Research Report
Tow & Carrier Truck/Body Manufacturing in North America 2021: Market Size, Competitive Shares, Trends & Outlook Underlying the Manufacture of Tow & Carrier Truck/Bodies, 2020 Data, 2021 Outlook, 5-Year Forward Forecasts, Impact of Covid19
|Tow & Carrier Truck/Body Manufacturing in North America 2021: Market Size, Competitive Shares, Trends & Outlook Underlying the Manufacture of Tow & Carrier Truck/Bodies, 2020 Data, 2021 Outlook, 5-Year Forward Forecasts, Impact of Covid19|
Published: May 31, 2021
Delivery time: 1-2 business days
17 manufacturers analyzed and aggregated into an analytical framework to define a $614 million business in North America.
Includes Excel data tables!
This report is an analysis and evaluation of the tow (wrecker) and carrier (rollback) manufacturing business in the United States and Canada, breaking out shipments and market shares by chassis class.
Tow and carrier demand was hit hard by the pandemic, with 2020 shipments estimated to have declined by ~20% over 2019. A sharp decline in miles driven as a large share of the population began working from home, as well as limited operations at manufacturing facilities and supply-chain constraints, all contributed to this decline.
Market share is concentrated in the hands of the leading manufacturers. The two leading players accounted for over 80% of unit shipments and dollar value of sales in 2020. One manufacturer dominates the segment, accounting for more than 60% of total wreckers and carriers manufactured in 2020. The company has more than two-thirds share of the wrecker market and more than half of the carrier (rollback) segment.
Barriers to entry are high, as patented equipment designs are with leading players. Distributors prefer manufacturers offering a wide range of tow, recovery, and hauling (carrier) equipment, as well as models designed to meet all needs of towing service operators.
The report can be put to immediate use for sales and market planning, M&A identification, competitive share analysis, alliances and technology transfer considerations.