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The global vehicle roadside assistance market is projected to grow by USD 5.28 billion at a CAGR of 5.6% during the forecast period of 2024-2032.
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The growing demand for hybrid and electric vehicles is one of the major factors influencing the development of the market for vehicle roadside assistance. To decarbonise the environment, several countries' governments have taken measures to encourage the use of hybrid and electric vehicles, such as offering subsidies and tax rebates. As a result, hybrid and electric car sales have risen, increasing the need for upgraded roadside assistance facilities for vehicles.
Roadside assistance for vehicles is a service that helps a driver in the event of a breakdown or mechanical failure of a vehicle. It is an effort by a service expert to make minor mechanical and electrical repairs to make a vehicle drivable again. The vehicle roadside assistance industry can be segmented based on service, provider, and vehicle. On the basis of its service, the industry can be segmented into:
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Based on its provider, the market can be segmented into auto manufacturer, motor insurance, independent warranty, and automotive clubs. Based on vehicle type, the industry is divided into passenger vehicle and commercial vehicle. The commercial vehicle segment is further subdivided into light commercial and heavy commercial vehicles.
The EMR report looks into the regional vehicle roadside assistance markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Automotive companies have equipped telematics systems for cars. These systems collect and transfer information to service centres, fleet owners, and insurance companies concerning the status of the vehicle. This will make it simpler for riders to send real-time alerts and notifications for roadside assistance. Hence, with the development of technologies like car connectivity alternatives, the market for vehicle roadside assistance has increased. In developed countries such as the US and Japan, the sales of electric vehicles have considerably increased, which is further aiding the market growth.
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The report presents a detailed analysis of the following key players in the global vehicle roadside assistance market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's five forces.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Service |
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Breakup by Provider |
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Breakup by Vehicle |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 5.6% between 2021 and 2026.
The major drivers of the market include rising urbanisation, growing population, and the growing demand for hybrid and electric vehicles.
Subsidies and tax rebates on hybrid and electric vehicles is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The service type in the industry includes the vehicle roadside assistance industry can be segmented into towing, tyre replacement, fuel delivery, jump start/pull start, lockout/replacement key service, winch, battery assistance, trip routing/navigational assistance, and other mechanic service.
The providers include auto manufacturer, motor insurance, independent warranty, and automotive clubs.
The types of vehicle in the industry are passenger vehicle and commercial vehicle. The commercial vehicle segment is further subdivided into light commercial vehicle and heavy commercial vehicle.
The major players in the industry are Good Sam Enterprises, LLC, Falck A/S, Roadside Transportation LLC., DBA, Agero Inc., Best Roadside Service, Allstate Insurance Company, Auto Vantage and Others.
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