Vehicle Roadside Assistance Market Size, Growth | Industry Report, 2021-2027
The global Vehicle Roadside Assistance market gathered revenue around USD 22.0 Billion in 2020 and market is set to grow USD 38.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.9% during the prediction period 2021 to 2027. Vehicle roadside assistance is a service that assists vehicle drivers in vehicle breakdown coverage. Vehicle roadside assistance is an effort by auto service professionals to sort minor mechanical & electrical repairs and adjustments in an attempt to make a vehicle drivable again. Vehicle roadside assistance offers on-site assistance to vehicle owners and motorists with basic support, which includes on-site minor electrical and mechanical repair, flat tire support, battery jump start, misplaced or lost keys (lockout service), towing of the vehicle, fuel delivery service, and other such services. Increase in demand for such services providing safety and security for vehicles during a journey is expected to drive the global vehicle roadside assistance market during the forecast period.
The new study made on Vehicle Roadside Assistance market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2027. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics.
COVID-19 Impact:
The industrial report mentions about the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The Vehicle Roadside Assistance report proficiently explains about the resulting factors and concerns of manufacturers. Researchers have also well-explained about how the producers and providers will tackle with the ongoing epidemic and the key strategies to be adopted post pandemic for turning their businesses back to normal.
Regional Insights:
The Vehicle Roadside Assistance market is segmented as North America, South America, Europe, Asia Pacific, and Middle East and Africa. Researchers have thoroughly studied about the historical market. With extensive research, experts have offered details on the current and the forecast demand made by these regions. The Vehicle Roadside Assistance report also includes highlights on the prevailing product demanded by end users and end customers for better understanding of product demand by producers. This will help the producers and the marketing executives to plan their production quantity and plan effective marketing strategies to more buyers. Businesses can hence, increase their product portfolio and expand their global presence. Vehicle Roadside Assistance market research report further offers information on the unexplored areas in these regions to help the producers to plan promotional strategies and create demand for their new and updated products. This will again help the manufacturers to increase their customers and emerge as leaders in the near future.
Vehicle Roadside Assistance: Market Opportunities
The increase in the demand for SUVs across Europe and North America indicates a rise in preference for off-road driving, which can be primarily attributed to consumer shift toward recreational activities and family outings. The increase in off-road driving fuels the demand for necessity of assistance in case of any emergency. Additionally, mining, construction, and energy sectors across Asia Pacific are expanding at a significant pace, which, in turn, are fueling the demand for vehicles, especially for commercial vehicles. Vehicles operating across the sectors mentioned above are prominently subjected to off-road applications. Garages and fuel stations are generally unavailable across off-road areas, therefore vehicle roadside assistance plays an important role in serving vehicles witnessing breakdown along off-road routes. The rise in the number of on-road vehicles coupled with an increase in average age of vehicles is likely to offer lucrative expansion opportunities for vehicle roadside assistance services globally.
Major Players Covered in this Report
The updated market research report on Vehicle Roadside Assistance market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
· Company Overview
· Company Market Share/Positioning Analysis
· Product Offerings
· Financial Performance
· Recent Initiatives
· Key Strategies Adopted by Players
· Vendor Landscape
· List of Suppliers
· List of Buyers
Significant Market Participants Operational in the Vehicle Roadside Assistance Market are:
The global vehicle roadside assistance market include AAA, Agero, Inc., Allstate Insurance Company, AutoVantage, Best Roadside Service, Allianz Global Assistance, Arabian Automobile Association, ARC Europe SA, ASSURANT, INC., CHUBB LIMITED, Falck A/S, Prime Assistance Inc., RESCUE Vehicle Services Private Ltd., TVS Auto Assist India Limited, Viking Assistance Group AS, SOS International A/S, span wings, Paragon Motor Club, Roadside Masters, Access Roadside Assistance, Good Sam Enterprise, LLC, Emergency Road Services Corporation, Better World Club, National General Insurance, HONK Technologies, and URGENT.LY INC.
Market Segmentation:
The report is divided into major categories comprising product, application, regions and others. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Every segment is studied thoroughly in order to offer a better picture to the buyers and stakeholders to benefit from. Information like highest prevailing product, highly demanded product by the application segment and end users are rightly mentioned in the Vehicle Roadside Assistance report.
Global Vehicle Roadside Assistance Market: Segmentation
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Manufacturers
The report includes comprehensive company profiling of leading and emerging companies competing in the global Vehicle Roadside Assistance market. It provides a detailed list of players operating at a global level. The players have been listed according to the type of products they offer in the global Vehicle Roadside Assistance market and other factors. As part of the company profiling, the analysts authoring the report has provided the market entry year of each player considered for the research study. The report also offers extensive price, volume sales, and revenue analysis by the manufacturer at the global level for the period 2016-2021.
In this study, the years considered to estimate the market size of Vehicle Roadside Assistance are as follows:
The Queries answered by Vehicle Roadside Assistance Market Research Report include:
Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
OBJECTIVES OF THE STUDY
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers