Vehicle Roadside Assistance Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	200 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19260699

Best Price Guarantee
Price	from $4,850
Length	200 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19260699

Vehicle Roadside Assistance Market

Growth Factors of Vehicle Roadside Assistance Market

The Vehicle Roadside Assistance Market size was valued at USD 23.33 billion in 2023, and the market is now projected to grow from USD 24.34 billion in 2024 to USD 35.73 billion by 2032, exhibiting a CAGR of 5.6% during the forecast period of 2024-2032.

The pandemic has barely impacted the vehicle roadside assistance market growth, with demanding situations and adjustments in customer behavior affecting demand. Lockdowns and confined movement decreased vehicle utilization, main to a temporary decline in demand. The shift to remote work and virtual meetings additionally reduced the want for immediate help. However, the market experienced effective traits, as roadside assistance remained crucial for vital offerings like healthcare workers, transport drivers, and emergency responders.

The increasing wide variety of automobiles on roads increase the likelihood of breakdowns and injuries, attracting a larger client base for roadside assistance services. Many nations have a growing older fleet, making cars greater susceptible to breakdowns and mechanical issues. Roadside assistance corporations have delivered subscription and membership fashions to offer less costly, cost-brought offerings, encouraging more drivers to join continuous coverage, thereby boosting driving demand.

The rise of autonomous and connected cars is expected to boost the marketplace. These cars generate enormous data, inclusive of car region and actual-time status, which facilitates businesses pick out breakdown causes and offer set off assistance. Digital systems and on-demand offerings also are being followed, making the process more convenient and accessible. This digitalization within the automobile enterprise positively influences the market by way of enabling remote vehicle help via cellular apps and IoT gadgets.

Comprehensive Analysis of Vehicle Roadside Assistance Market

The roadside assistance market is expected to grow significantly in the coming years, with segments including passenger car and commercial vehicle. The passenger car segment is expected to grow due to increased sales and demand for new-generation connected automobiles. The commercial vehicle segment is also expected to register a significant CAGR due to the need for roadside assistance during long hauls in the logistics and trucking industry. The towing segment is expected to dominate, with tire replacement being the fastest-growing segment due to increasing demand for tire bursts. The market is divided into auto manufacturers, motor insurance, independent warranty, and automotive clubs. The auto manufacturer segment is expected to continue growing due to factors such as improving living standards, overburdened public transport, and financial services for vehicle purchases. Automotive clubs are also expected to register a high CAGR due to expanding their roadside assistance offerings.

The Europe region lead the vehicle roadside assistance market share by benefitting a market size of USD 7.57 billion in 2023 due to major players, high disposable income, and increased awareness about vehicle roadside assistance services. The growth is expected to be further accelerated by increased sales of premium vehicles in Europe.

Regional and international companies are adopting superior strategies for competitive gain, inclusive of mergers and acquisitions, partnership and collaboration, and launching custom designed roadside assistance offerings. Towing El Paso, a main towing provider company, announced an extension of its services in May 2022, bolstering its tow truck throughout El Paso, Texas. Key businesses profiled encompass Viking Assistance Group, ARC Europe SA, SOS International A/S, Allianz Partners, Falck A/S, Allstate Insurance Company_, American Automobile Association, Ageo Inc., Best Roadside Service, AutoVantage, and Paragon Motor Club.

Stellantis has signed a five-year agreement with the RAC to offer roadside assistance services to all Stellantis users in the UK and Ireland, enabling them to access support through emergency SOS or breakdown buttons.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 5.6% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Vehicle Type

Passenger Car

Commercial Vehicle

By Service Type

Towing

Tire Replacement

Fuel Delivery

Others

By Providers

Auto Manufacturers

Motor Insurance

Independent Warranty

Automotive Clubs

By Region

North America (By Vehicle Type, By Service Type, By Providers, By Country)

U.S. (By Vehicle Type)
Canada (By Vehicle Type)

Europe (By Vehicle Type, By Service Type, By Providers, By Country)

U.K. (By Vehicle Type)
Germany (By Vehicle Type)
France (By Vehicle Type)
Rest of Europe (By Vehicle Type)

Asia Pacific (By Vehicle Type, By Service Type, By Providers, By Country)

China (By Vehicle Type)
Japan (By Vehicle Type)
India (By Vehicle Type)
Rest of Asia Pacific (By Vehicle Type)

Rest of the world (By Vehicle Type, By Service Type, By Providers)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Market Trends
4. Key Insights: 4.1. Key Industry Developments - Mergers, Acquisitions & Partnerships; 4.2. Latest Technological Advancements; 4.3. Porters Five Forces Analysis; 4.4. Impact of COVID-19 Pandemic on Global Vehicle Roadside Assistance Market
5. Global Vehicle Roadside Assistance Market Analysis, Insights and Forecast, 2019-2030: 5.1. Key Findings / Definition; 5.2. Market Analysis, Insights and Forecast - By Vehicle Type; 5.2.1. Passenger Car; 5.2.2. Commercial Vehicle; 5.3. Market Analysis, Insights and Forecast - By Service Type; 5.3.1. Towing; 5.3.2. Tire Replacement; 5.3.3. Fuel Delivery; 5.3.4. Others; 5.4. Market Analysis, Insights and Forecast - By Providers; 5.4.1. Auto Manufacturers; 5.4.2. Motor Insurance; 5.4.3. Independent Warranty; 5.4.4. Automotive Clubs; 5.5. Market Analysis, Insights and Forecast - By Region; 5.5.1. North America; 5.5.2. Europe; 5.5.3. Asia-Pacific; 5.5.4. Rest of the World
6. North America Vehicle Roadside Assistance Market Analysis, Insights and Forecast, 2019-2030: 6.1. Market Analysis, Insights and Forecast - By Vehicle Type; 6.1.1. Passenger Car; 6.1.2. Commercial Vehicle; 6.2. Market Analysis, Insights and Forecast - By Service Type; 6.2.1. Towing; 6.2.2. Tire Replacement; 6.2.3. Fuel Delivery; 6.2.4. Others; 6.3. Market Analysis, Insights and Forecast - By Providers; 6.3.1. Auto Manufacturers; 6.3.2. Motor Insurance; 6.3.3. Independent Warranty; 6.3.4. Automotive Clubs; 6.4. Market Analysis, Insights and Forecast - By Country; 6.4.1. U.S.; 6.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type; 6.4.2. Canada; 6.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
7. Europe Vehicle Roadside Assistance Market Analysis, Insights and Forecast, 2019-2030: 7.1. Market Analysis, Insights and Forecast - By Vehicle Type; 7.1.1. Passenger Car; 7.1.2. Commercial Vehicle; 7.2. Market Analysis, Insights and Forecast - By Service Type; 7.2.1. Towing; 7.2.2. Tire Replacement; 7.2.3. Fuel Delivery; 7.2.4. Others; 7.3. Market Analysis, Insights and Forecast - By Providers; 7.3.1. Auto Manufacturers; 7.3.2. Motor Insurance; 7.3.3. Independent Warranty; 7.3.4. Automotive Clubs; 7.4. Market Analysis, Insights and Forecast - By Country; 7.4.1. U.K.; 7.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type; 7.4.2. Germany; 7.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type; 7.4.3. France; 7.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type; 7.4.4. Rest of Europe; 7.4.4.1. Market Analysis, Insights and Forecast - By Vehicle Type
8. Asia-Pacific Vehicle Roadside Assistance Market Analysis, Insights and Forecast, 2019-2030: 8.1. Market Analysis, Insights and Forecast - By Vehicle Type; 8.1.1. Passenger Car; 8.1.2. Commercial Vehicle; 8.2. Market Analysis, Insights and Forecast - By Service Type; 8.2.1. Towing; 8.2.2. Tire Replacement; 8.2.3. Fuel Delivery; 8.2.4. Others; 8.3. Market Analysis, Insights and Forecast - By Providers; 8.3.1. Auto Manufacturers; 8.3.2. Motor Insurance; 8.3.3. Independent Warranty; 8.3.4. Automotive Clubs; 8.4. Market Analysis, Insights and Forecast - By Country; 8.4.1. China; 8.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type; 8.4.2. Japan; 8.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type; 8.4.3. India; 8.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type; 8.4.4. Rest of Asia Pacific; 8.4.4.1. Market Analysis, Insights and Forecast - By Vehicle Type
9. Rest of the World Vehicle Roadside Assistance Market Analysis, Insights and Forecast, 2019-2030: 9.1. Market Analysis, Insights and Forecast - By Vehicle Type; 9.1.1. Passenger Car; 9.1.2. Commercial Vehicle; 9.2. Market Analysis, Insights and Forecast - By Service Type; 9.2.1. Towing; 9.2.2. Tire Replacement; 9.2.3. Fuel Delivery; 9.2.4. Others; 9.3. Market Analysis, Insights and Forecast - By Providers; 9.3.1. Auto Manufacturers; 9.3.2. Motor Insurance; 9.3.3. Independent Warranty; 9.3.4. Automotive Clubs
10. Competitive Analysis: 10.1. Key Industry Developments; 10.2. Global Market Rank Analysis (2022); 10.3. Competitive Dashboard; 10.4. Comparative Analysis - Major Players; 10.5. Company Profiles (Overview, Products & Services, SWOT Analysis, Recent Developments, Strategies, Financials (Based on Availability); 10.5.1. Viking Assistance Group; 10.5.1.1. Overview,; 10.5.1.2. Products & Services,; 10.5.1.3. SWOT Analysis,; 10.5.1.4. Recent Developments,; 10.5.1.5. Strategies,; 10.5.1.6. Financials (Based on Availability); 10.5.2. ARC Europe SA; 10.5.2.1. Overview,; 10.5.2.2. Products & Services,; 10.5.2.3. SWOT Analysis,; 10.5.2.4. Recent Developments,; 10.5.2.5. Strategies,; 10.5.2.6. Financials (Based on Availability); 10.5.3. SOS International A/S; 10.5.3.1. Overview,; 10.5.3.2. Products & Services,; 10.5.3.3. SWOT Analysis,; 10.5.3.4. Recent Developments,; 10.5.3.5. Strategies,; 10.5.3.6. Financials (Based on Availability); 10.5.4. Allianz Partners; 10.5.4.1. Overview,; 10.5.4.2. Products & Services,; 10.5.4.3. SWOT Analysis,; 10.5.4.4. Recent Developments,; 10.5.4.5. Strategies,; 10.5.4.6. Financials (Based on Availability); 10.5.5. Falck A/S; 10.5.5.1. Overview,; 10.5.5.2. Products & Services,; 10.5.5.3. SWOT Analysis,; 10.5.5.4. Recent Developments,; 10.5.5.5. Strategies,; 10.5.5.6. Financials (Based on Availability); 10.5.6. Allstate Insurance Company; 10.5.6.1. Overview,; 10.5.6.2. Products & Services,; 10.5.6.3. SWOT Analysis,; 10.5.6.4. Recent Developments,; 10.5.6.5. Strategies,; 10.5.6.6. Financials (Based on Availability); 10.5.7. American Automobile Association; 10.5.7.1. Overview,; 10.5.7.2. Products & Services,; 10.5.7.3. SWOT Analysis,; 10.5.7.4. Recent Developments,; 10.5.7.5. Strategies,; 10.5.7.6. Financials (Based on Availability); 10.5.8. Agero, Inc.; 10.5.8.1. Overview,; 10.5.8.2. Products & Services,; 10.5.8.3. SWOT Analysis,; 10.5.8.4. Recent Developments,; 10.5.8.5. Strategies,; 10.5.8.6. Financials (Based on Availability); 10.5.9. Best Roadside Service; 10.5.9.1. Overview,; 10.5.9.2. Products & Services,; 10.5.9.3. SWOT Analysis,; 10.5.9.4. Recent Developments,; 10.5.9.5. Strategies,; 10.5.9.6. Financials (Based on Availability); 10.5.10. AutoVantage; 10.5.10.1. Overview,; 10.5.10.2. Products & Services,; 10.5.10.3. SWOT Analysis,; 10.5.10.4. Recent Developments,; 10.5.10.5. Strategies,; 10.5.10.6. Financials (Based on Availability); 10.5.11. Paragon Motor Club; 10.5.11.1. Overview,; 10.5.11.2. Products & Services,; 10.5.11.3. SWOT Analysis,; 10.5.11.4. Recent Developments,; 10.5.11.5. Strategies,; 10.5.11.6. Financials (Based on Availability); 10.5.12. Good Sam Enterprise, LLC; 10.5.12.1. Overview,; 10.5.12.2. Products & Services,; 10.5.12.3. SWOT Analysis,; 10.5.12.4. Recent Developments,; 10.5.12.5. Strategies,; 10.5.12.6. Financials (Based on Availability); 10.5.13. Access Roadside Assistance; 10.5.13.1. Overview,; 10.5.13.2. Products & Services,; 10.5.13.3. SWOT Analysis,; 10.5.13.4. Recent Developments,; 10.5.13.5. Strategies,; 10.5.13.6. Financials (Based on Availability); 10.5.14. Honk Technologies; 10.5.14.1. Overview,; 10.5.14.2. Products & Services,; 10.5.14.3. SWOT Analysis,; 10.5.14.4. Recent Developments,; 10.5.14.5. Strategies,; 10.5.14.6. Financials (Based on Availability); 10.5.15. National General Insurance; 10.5.15.1. Overview,; 10.5.15.2. Products & Services,; 10.5.15.3. SWOT Analysis,; 10.5.15.4. Recent Developments,; 10.5.15.5. Strategies,; 10.5.15.6. Financials (Based on Availability); 10.5.16. ASSURANT, INC.; 10.5.16.1. Overview,; 10.5.16.2. Products & Services,; 10.5.16.3. SWOT Analysis,; 10.5.16.4. Recent Developments,; 10.5.16.5. Strategies,; 10.5.16.6. Financials (Based on Availability); 10.5.17. Rescue Vehicle Service Private Ltd.; 10.5.17.1. Overview,; 10.5.17.2. Products & Services,; 10.5.17.3. SWOT Analysis,; 10.5.17.4. Recent Developments,; 10.5.17.5. Strategies,; 10.5.17.6. Financials (Based on Availability); 10.5.18. Emirates Insurance Co.; 10.5.18.1. Overview,; 10.5.18.2. Products & Services,; 10.5.18.3. SWOT Analysis,; 10.5.18.4. Recent Developments,; 10.5.18.5. Strategies,; 10.5.18.6. Financials (Based on Availability); 10.5.19. CHUBB LMITED; 10.5.19.1. Overview,; 10.5.19.2. Products & Services,; 10.5.19.3. SWOT Analysis,; 10.5.19.4. Recent Developments,; 10.5.19.5. Strategies,; 10.5.19.6. Financials (Based on Availability); 10.5.20. Prime Assistance Inc.; 10.5.20.1. Overview,; 10.5.20.2. Products & Services,; 10.5.20.3. SWOT Analysis,; 10.5.20.4. Recent Developments,; 10.5.20.5. Strategies,; 10.5.20.6. Financials (Based on Availability); 10.5.21. Arabian Automobile Association; 10.5.21.1. Overview,; 10.5.21.2. Products & Services,; 10.5.21.3. SWOT Analysis,; 10.5.21.4. Recent Developments,; 10.5.21.5. Strategies,; 10.5.21.6. Financials (Based on Availability)