[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global vehicle roadside assistance market was valued at around USD 22.36 billion in 2021 and is expected to register revenues worth USD 33.48 billion by the end of 2030, growing at an exceptional CAGR of approximately 4.6% between 2022 and 2030.
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Rising number of accidents and vehicle collisions is the major factor driving the vehicle roadside assistance market. As per World Heallth Organization (WHO), approximately 1.35 Mn people die from road traffic crashes every year. Further, 93% of the world on-road fatalities occur on middle and low income countries, even though the 60% of global vehicle are concentrated in those countries.
Report Scope of the Vehicle Roadside Assistance Market
|Market Size By 2030||USD 33.48 Billion|
|Growth Rate from 2022 to 2030||CAGR of 4.6%|
|Fastest Growing Region||Asia Pacific|
|Segments Covered||Service, Providers, Vehicle, Region|
|Companies Mentioned||Viking Assistance Group AS, ARC Europe SA, Swedish Auto, SOS International A/S, Allianz Global Assistance, Falck A/S, Allstate Insurance Company, AAA, Agero, Inc., Best Roadside Service, AutoVantage|
Moreover, increasing demand for hybrid and electric vehicles along with rising demand for connectivity solution in vehicles expected to fuel the vehicle roadside assistance market growth. Real-time highway alert, telematics systems, sensors, in-built wifi system, global positioning system are some of the advanced vehicle solutions that manufacturers now incorporate in their vehicles to enhance the driver experience. These systems are electronic-controlled and may experience issue at any time. Therefore, aforementioned factors contribute to the growth of the vehicle roadside assistance market.
Nonetheless, extra money charged by the service providers on pay per service may hinders the growth of the market. Every service providers have their membership plan under which they cover all the roadside assistance and emergency services, besides this they charge extra money for each service provided.
Scope of the Report
A recent study by Precedence Research on the vehicle roadside assistance market offers a forecast for 2020 and 2027. The study analyzes crucial trends that are currently determining the growth of the vehicle roadside assistance market.
This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of vehicle roadside assistance. The study also provides the dynamics that are responsible for influencing the future status of the vehicle roadside assistance market over the forecast period.
A detailed assessment of the vehicle roadside assistance market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the vehicle roadside assistance market along with their product portfolio enhances the reliability of this comprehensive research study.
- Asia Pacific seeks to be the most opportunistic market during the forecast period. Prime factors attributed to this are augmented per capita income, significant number of automotive sales, and rising adoption of electronic assistance features in the vehicle.
- Europe led the global vehicle roadside assistance market in terms of revenue share in 2019. The region is the hub of automotive manufacturers and register significant adoption of advanced vehicle assistance feature by the drivers that in turn fuels the market growth.
- By service, towing service encountered maximum revenue share in the global vehicle roadside assistance market in 2019. It is the most common emergency service offered by the service providers due to fatal roadside accidents and collisions. Furthermore, advanced towing devices have provided ease in the towing service that adds as an advantage to the toeing service market.
- Passenger vehicle captured maximum revenue share in the global vehicle roadside assistance market. Rising sales of passenger vehicles and increased number of vehicle registration has triggered the growth of passenger vehicles in the vehicle roadside assistance market.
The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.
This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
Some of the prominent players in the vehicle roadside assistance market include:
- Viking Assistance Group AS
- ARC Europe SA
- Swedish Auto
- SOS International A/S
- Allianz Global Assistance
- Falck A/S
- Allstate Insurance Company
- Agero, Inc.
- Best Roadside Service
- Roadside Masters
- Paragon Motor Club
- Good Sam Enterprise, LLC
- Access Roadside Assistance
- Better World Club
- Emergency Road Services Corporation
- Honk technologies
- National General Insurance
- span wings
- LY INC.
- Twenty Four OTR Pvt Ltd
- TVS Auto Assist India Limited
- ASSURANT, INC.
- RESCUE Vehicle Services Private Ltd.
- Emirates Insurance Co. (PSC)
- CHUBB LIMITED
- Prime Assistance Inc.
- Arabian Automobile Association
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Segments Covered in the Report
- Tire Replacement
- Jump Start/Pull Start
- Fuel Delivery
- Lockout/Replacement Key Service
- Battery Assistance
- Trip Routing/Navigational Assistance
- Other Mechanic Service
- Motor Insurance
- Auto Manufacturer
- Automotive Clubs
- Independent Warranty
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Passenger Vehicles
- Utility Vehicles
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.
This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global vehicle roadside assistance market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the vehicle roadside assistance market.
The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.
Why should you invest in this report?
If you are aiming to enter the global vehicle roadside assistance market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for vehicle roadside assistance are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 4. Market Variables and Scope
Chapter 5. Market Dynamics Analysis and Trends
Chapter 6. Competitive Landscape
Chapter 7. Global Vehicle Roadside Assistance Market, By Service
Chapter 8. Global Vehicle Roadside Assistance Market, By Provider
Chapter 9. Global Vehicle Roadside Assistance Market, By Vehicle Type
Chapter 10. Global Vehicle Roadside Assistance Market, Regional Estimates and Trend Forecast
Chapter 11. Company Profiles
Chapter 12. Research Methodology
Chapter 13. Appendix
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