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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477296
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477296
Vehicle Roadside Assistance Market, By Vehicle Type, By Service Type, By Providers, By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa
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The vehicle roadside assistance market is estimated to be valued at US$ 25.76 Bn in 2024 and is expected to reach US$ 36.82 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 25.76 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 5.20% | 2031 Value Projection: | US$ 36.82 Bn |
Figure 1. Vehicle Roadside Assistance Market Share (%), By Region, 2024
The vehicle roadside assistance market has seen steady growth over the past decade. As more cars take to the roads every year, the number of breakdowns and other roadside issues have increased manifold. Vehicle roadside assistance services aim to provide on-site support to motorists facing problems while driving, helping them get back on the move quickly and safely. These services are offered either as stand-alone subscription plans or bundled with other vehicle protection offerings like extended warranties and insurance. They can cover services like tire changing, fuel delivery, jump starts, lockout assistance, and towing of vehicles to the nearest garage. With growing vehicle ownership and a higher preference for convenience and safety on roads, the vehicle roadside assistance market is poised to witness further expansion in the coming years.
Market Dynamics:
The global vehicle roadside assistance market is driven by factors such as growing motorization rates and vehicle, increasing demand for one-stop solutions for vehicle protection, and preference for convenience and safety among drivers. However, high service costs and varying regulations across regions restrain the market growth. Emergence of new technologies like Internet of Things (IoT) and Artificial Intelligence (AI) presents an opportunity for roadside assistance providers to offer enhanced experience through smart solutions.
Key features of the study:
- This report provides an in-depth analysis of the global vehicle roadside assistance market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global vehicle roadside assistance market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Agero Inc., ALD SA, Allianz SE, American Automobile Association Inc., ARC Europe SA, AutoVantage, Best Roadside Service, Camping World Holdings Inc., Falck Danmark AS.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global vehicle roadside assistance market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vehicle roadside assistance market.
Market Segmentation
- Vehicle Type
- Passenger Car
- Commercial Vehicle
- Service Type
- Towing
- Tire Replacement
- Fuel Delivery
- Others
- Providers
- Auto Manufacturers
- Motor Insurance
- Independent Warranty
- Automotive Clubs
- Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Key Players Insights
- Agero Inc.
- ALD SA
- Allianz SE
- American Automobile Association Inc.
- ARC Europe SA
- AutoVantage
- Best Roadside Service
- Camping World Holdings Inc.
- Falck Danmark AS
- Assicurazioni Generali S.p.A.
- Honk Technologies Inc.
- Paragon Motor Club Inc.
- Prime Assistance Inc.
- RAC Group Holdings Ltd.
- Roda Assistance Pvt. Ltd.
- Sompo Holdings Inc.
- SOS International AS
- The Allstate Corp.
- Uber Technologies Inc.
Product Code: CMI6830
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Vehicle Type
- Market Snippet, By Service Type
- Market Snippet, By Providers
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launches/Approvals
- Impact of the COVID-19 Pandemic
4. Vehicle Roadside Assistance Market, By Vehicle Type , 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Passenger Car
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Commercial Vehicle
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
5. Vehicle Roadside Assistance Market, By Service Type, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Towing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Tire Replacement
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Fuel Delivery
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
6. Vehicle Roadside Assistance Market, By Providers, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Auto Manufacturers
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Motor Insurance
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Independent Warranty
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
- Automotive Clubs
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
7. Vehicle Roadside Assistance Market, By Region, 2019-2031 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- North America
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Service Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Providers, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Service Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Providers, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Service Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Providers, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- China
- India
- ASEAN
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Service Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Providers, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Regional Trends
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Service Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Providers, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
8. Competitive Landscape
- Company Profiles
- Agero Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- ALD SA
- Allianz SE
- American Automobile Association Inc.
- ARC Europe SA
- AutoVantage
- Best Roadside Service
- Camping World Holdings Inc.
- Falck Danmark AS
- Assicurazioni Generali S.p.A.
- Honk Technologies Inc.
- Paragon Motor Club Inc.
- Prime Assistance Inc.
- RAC Group Holdings Ltd.
- Roda Assistance Pvt. Ltd.
- Sompo Holdings Inc.
- SOS International AS
- The Allstate Corp.
- Uber Technologies Inc.
9. Wheel of Fortune
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About us and Sales Contact
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