Global Roadside Rescue Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Roadside Rescue Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Roadside Rescue and breakdown coverage are services that assist motorists, or bicyclists, whose vehicles have suffered a mechanical failure that leaves the operator stranded.

Market Overview:

The latest research study on the global Roadside Rescue market finds that the global Roadside Rescue market reached a value of USD 21702.95 million in 2022. It’s expected that the market will achieve USD 30192.85 million by 2028, exhibiting a CAGR of 5.66% during the forecast period.

During the epidemic, car travel will not drop significantly

With the increase and renewal of COVID-19-positive cases and stricter quarantine restrictions, we expect that by 2020, the amount of travel will be reduced by at least 30%. It is predicted that compared with last year, all forms of travel-whether by car, plane, bus, train or cruise ship-will decrease this year. But compared with other modes of travel, car travel is the least affected. Take the Thanksgiving festival as an example. Traditionally, the days before and after Thanksgiving are the heaviest travel in the United States, and many families are used to traveling during the Thanksgiving holiday. The effects of the COVID-19 pandemic, including health concerns and high unemployment, are affecting Americans' decision to travel for the Thanksgiving holiday. Those who decide to travel may drive short trips and reduce the number of days they leave, which makes car travel the main mode of travel. Therefore, the demand for the Roadside Rescue industry is still stabilizing.

Asia quickly got rid of the impact of the epidemic

As Asian countries acted quickly to contain the epidemic in the early stages and insisted on fighting the epidemic, the average daily number of new infections was at a low level. In recent months, the lives of Asian countries have basically returned to normal and quickly stepped out of the epidemic. At the same time, the Asian region has been affected by the increase in per capita income, a large number of car sales and the popularization of electronic auxiliary functions in vehicles. The Asian region will become the most promising market during the epidemic.

Demand-driven support in developing regions

Many developing countries have entered the automobile society. While enjoying the convenience brought by automobiles, automobile breakdowns and traffic accidents have become social problems affecting the development of the national economy. Therefore, establishing a road vehicle rescue system and vigorously developing the road rescue industry have become an important part of social security. More and more policies will involve roadside rescue and support the development of the industry.

Additional charges for each specific rescue service

Each service provider has its membership plan that covers all roadside assistance and emergency services, however, they charge an additional fee for each service provided. The roadside rescue service does not include battery charging, diagnostic costs, parts, labor, storage costs, and taxi or accommodation costs. The additional fees that service providers charge for each service will arouse user disgust, and may exceed the expected expenditures, which may hinder market growth.

Region Overview:

Geographically, Europe held the largest market share - 39.56% in 2021.

Company Overview:

AA is one of the major players operating in the Roadside Rescue market, holding a share of 4.55% in 2020.

AA

The Automobile Association Ltd. (AA) provides roadside assistance and vehicle servicing. The Company offers breakdown coverage, home emergency response, automobile hire, driving lessons, vehicle inspections, insurance and financial products, travel, repairs, and other services.

RAC

RAC Ltd. provides a variety of automotive services. The Company offers roadside assistance, breakdown coverage, vehicle repair and recovery, insurance, and a suite of legal cover and claims management services.

Segmentation Overview:

Among different product types, Towing segment is anticipated to contribute the largest market share in 2027.

Application Overview:

The market's largest segment by application is the segment Auto Manufacturers, with a market share of 33.05% in 2021.

Key Companies in the global Roadside Rescue market covered in Chapter 3:

Green Flag
TCS
ADAC
Viking Assistance Group
Agero, Inc.
ANWB
ACI
SOS International
AA
OAMTC
RACE
Falck
SOS 24h Europa
RAC

In Chapter 4 and Chapter 14.2, on the basis of types, the Roadside Rescue market from 2018 to 2029 is primarily split into:

Towing
Tire Replacement
Fuel Delivery
Jump Start/Pull Start
Lockout/ Replacement Key Service
Battery Assistance
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Roadside Rescue market from 2018 to 2029 covers:

Auto Manufacturers
Motor Insurance Companies
Independent Warranty
Automotive Clubs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)