Vehicle Roadside Assistance Market Trends, Growth Factors, Size, Segmentation and Forecast to 2029


Posted October 3, 2023 by nirankammr

Vehicle Roadside Assistance Market is expected to reach US$ 8.41 Bn by 2029, at a CAGR of 4.89% during the forecast period.

 
Vehicle Roadside Assistance Market Report Overview

According to the research, the Vehicle Roadside Assistance market is expected to grow at a rapid pace during the forecast period. The report provides a comprehensive analysis of the Vehicle Roadside Assistance industry, shedding light on its structure.

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Vehicle Roadside Assistance Market Report Scope and Research Methodology

The Vehicle Roadside Assistance market report was developed using primary and secondary research methods. The primary research involved surveys and interviews with industry experts, while the secondary research involved collecting data from industry publications, government reports, and other sources.

The report provides a region-wise, segment-wise, and sub-segment-wise analysis of the Vehicle Roadside Assistance market dynamics, market size, market share, and key players. It also includes a list of Vehicle Roadside Assistance key competitors in the industry, along with their revenue, financial status, product portfolio, investments, mergers, acquisitions, and joint ventures. SWOT analysis was used to identify the strengths and weaknesses of the key players, as well as the opportunities and threats facing the Vehicle Roadside Assistance industry. The bottom-up approach was used to estimate the Vehicle Roadside Assistance market size.

Vehicle Roadside Assistance Market Dynamics

Additionally, lowered vehicle loan interest rates, easy disposal of finance with customized financial structures, and growth in per capita income of consumers are key factors which drives the vehicle sales and production. This, in turn, is anticipated to amplify the growth of vehicle roadside assistance market throughout the forecast period. The cost of vehicle roadside assistance service in the pay per use service is a key factor which restrain the vehicle roadside assistance market. This is mainly due to labor and service charge rates, which are incorporated in membership plans; though, they are charged in pay per use service.

The report on Vehicle Roadside Assistance market covers segments such as By Service, Provider, Vehicle and Region. The Service segment includes Towing, Tire Replacement, Fuel Delivery, Jump Start/Pull Start, Lockout/ Replacement Key Service, Winch, Battery Assistance, Trip Routing/ Navigational Assistance, and Other Mechanic Service. Among the Service, the towing service segment registered for a major share of the global vehicle roadside assistance service market, in terms of revenue, generated in financial year 2018. Because of the collision or breakdown, towing service is requested for emergency road assistance.

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The report includes a detailed analysis of several key countries that are:

North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)
South America (Brazil)

The Middle East and Africa
Vehicle Roadside Assistance Market Segmentation

by Service

Towing
Tire Replacement
Fuel Delivery
Jump Start/Pull Start
Lockout/ Replacement Key Service
Winch
Battery Assistance
Trip Routing/ Navigational Assistance
Other Mechanic Service

by Provider

Auto Manufacturer
Motor Insurance
Independent Warranty
Automotive Clubs

by Vehicle

Passenger Vehicle
Commercial Vehicle (LCV and HCV)

Vehicle Roadside Assistance Key Players

1. ARC Europe SA
2. Viking Assistance Group AS
3. SOS International A/S
4. Swedish Auto
5. Falck A/S
6. Allianz Global Assistance,
7. Agero, Inc.
8. Allstate Insurance Company
9. AutoVantage
10.Best Roadside Service
11.Paragon Motor Club
12.Roadside Masters
13.Access Roadside Assistance
14.Good Sam Enterprise, LLC
15.Emergency Road Services Corporation
16.Better World Club
17.National General Insurance
18.Honk technologies
19.URGENT.LY INC.
20.Spanwings
21.TVS Auto Assist India Limited
22.Twenty Four OTR Pvt Ltd.
23.RESCUE Vehicle Services Private Ltd.
24.ASSURANT, INC.
25.CHUBB LIMITED
26.Emirates Insurance Co. (PSC)
27.Arabian Automobile Association
28.Prime Assistance Inc.



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Key Questions answered in the Vehicle Roadside Assistance Market Report are:


What was the Vehicle Roadside Assistance Market size in 2022?
What is the expected Vehicle Roadside Assistance market size by 2029?
What will be the CAGR of the Vehicle Roadside Assistance market during the forecast period?
Which region held the largest market share in the Vehicle Roadside Assistance Market?
Which company held the largest share in the Vehicle Roadside Assistance market?
What key trends are likely to emerge in the Vehicle Roadside Assistance market in the coming years?
Who are the Vehicle Roadside Assistance key players in the Vehicle Roadside Assistance industry?
Key offerings:

Market Overview
Market Share
Market Size
Forecast |2023-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation- A detailed analysis of each segment and their segments
Competitive Landscape - Leading key players and other prominent key players.
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Issued By MMR
Country India
Categories Affiliate Program , Blogging , Business
Tags vehicle roadside assistance market , vehicle roadside assistance market size , vehicle roadside assistance market share
Last Updated October 3, 2023