Vehicle Roadside Assistance

Vehicle Roadside Assistance Market Size is Set to Grow to $30 Billion by 2027

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[150+ Pages Report] The vehicle roadside assistance market is expected to exhibit a CAGR of 3.92% from 2020 to 2027 and is projected to reach US$ 30 Billion by the end of 2027, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global vehicle roadside assistance market from 2017 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global vehicle roadside assistance market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the vehicle roadside assistance industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Growth Factors

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.

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.

Report Highlights

  • 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.

Regional Snapshots

Europe was one of the prime revenue contributor in the global vehicle roadside assistance market in 2019 and expected to flourish significantly during the forecast period. Increased number of vehicle registration and sales in the past few years has enormously added to the market growth. Besides this, cold climate of Europe leads to vehicle breakdown or battery drain out that supports the highway vehicle services and boosts the demand for vehicle roadside assistance market.

Furthermore, North America is another major revenue generating region for the vehicle roadside assistance market. This is attributed to the significant growth of road accidents in the U.S. and Canada. As per the statistics, total number of car accidents per year in the U.S. is nearly 6 Mn out of which 72% accidents cause property damage. Further, Asia Pacific is expected to record fastest growth during the forecast period owing to rising population along with per capita income in the region.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global vehicle roadside assistance market are as follows:

  • 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
  • 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

Market Segmentation

Segments Covered in the Report

The global vehicle roadside assistance market analyzes and predicts report market size and its growth trend at global, regional, and country levels. This research study also offers assessment of the cutting-edge trends in all of the market sub-segments from 2016 to 2027. In order to provide comprehensive analysis this research report segments market on the basis of service, provider, vehicles, and region:

By Service

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

By Provider

  • Motor Insurance
  • Auto Manufacturer
  • Automotive Clubs
  • Independent Warranty

By Vehicle

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global vehicle roadside assistance market. It examines trends and factors influencing demand for vehicle roadside assistance globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for vehicle roadside assistance across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on vehicle roadside assistance. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

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 2020-2027 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 CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Vehicle Roadside Assistance Market, By Service

7.1. Vehicle Roadside Assistance Market, by Service Type, 2020-2027
7.1.1. Tire Replacement
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Towing
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Jump Start/Pull Start
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Fuel Delivery
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Lockout/Replacement Key Service
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Battery Assistance
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Winch
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Trip Routing/Navigational Assistance
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Other Mechanic Service
7.1.9.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Vehicle Roadside Assistance Market, By Provider

8.1. Vehicle Roadside Assistance Market, by Provider, 2020-2027
8.1.1. Motor Insurance
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Auto Manufacturer
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Automotive Clubs
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Independent Warranty
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Vehicle Roadside Assistance Market, By Vehicle Type

9.1. Vehicle Roadside Assistance Market, by Vehicle Type, 2020-2027
9.1.1. Commercial Vehicle
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Passenger Vehicles
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Vehicle Roadside Assistance Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.2. Market Revenue and Forecast, by Provider (2016-2027)
10.1.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

Chapter 11. Company Profiles

11.1. Viking Assistance Group AS
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. ARC Europe SA
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Swedish Auto
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. SOS International A/S
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Allianz Global Assistance
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Falck A/S
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Allstate Insurance Company
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. AAA
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Agero, Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Best Roadside Service
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. AutoVantage
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Roadside Masters
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. Paragon Motor Club
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
11.14. Good Sam Enterprise, LLC
11.14.1. Company Overview
11.14.2. Product Offerings
11.14.3. Financial Performance
11.14.4. Recent Initiatives
11.15. Access Roadside Assistance
11.15.1. Company Overview
11.15.2. Product Offerings
11.15.3. Financial Performance
11.15.4. Recent Initiatives
11.16. Better World Club
11.16.1. Company Overview
11.16.2. Product Offerings
11.16.3. Financial Performance
11.16.4. Recent Initiatives
11.17. Emergency Road Services Corporation
11.17.1. Company Overview
11.17.2. Product Offerings
11.17.3. Financial Performance
11.17.4. Recent Initiatives
11.18. Honk technologies
11.18.1. Company Overview
11.18.2. Product Offerings
11.18.3. Financial Performance
11.18.4. Recent Initiatives
11.19. National General Insurance
11.19.1. Company Overview
11.19.2. Product Offerings
11.19.3. Financial Performance
11.19.4. Recent Initiatives
11.20. Span Wings
11.20.1. Company Overview
11.20.2. Product Offerings
11.20.3. Financial Performance
11.20.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. Email: sales@flairinsight.com

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