Vehicle Roadside Assistance Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Vehicle Roadside Assistance Market Size– By Vehicle Type, By Service, By Provider- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: AMIN24116 | Pages: 1 - 227 | Formats*: |
| Category : Automotive & Transportation | |||
Vehicle Roadside Assistance Market Introduction and Overview
According to SPER Market Research, the Global Vehicle Roadside Assistance Market is estimated to reach USD 42.39 billion by 2033 with a CAGR of 5.86%.
The report includes an in-depth analysis of the Global Vehicle Roadside Assistance Market, including market size and trends, product mix, Applications, and supplier analysis. Roadside assistance for vehicles is a service that comes in handy for drivers who break down. It is intended to make adjustments to get a car operating again and solve minor mechanical and electrical issues. Vehicle roadside help is offered by automakers and other service providers. These services give the necessary support in the event that an automobile breaks down or accidents. Other common roadside problems like flat tires, dead batteries, etc. are also covered by roadside help, along with mechanical and electrical repairs. To guarantee the protection and safety of drivers and Passengers, roadside assistance services for automobiles are crucial. In the event of an automobile breakdown or collision on the road, roadside help can typically resolve the issue immediately.
- Allianz SE in Egypt launched the "Free Roadside Assistance Initiative" for all visitors in July 2022, with a particular emphasis on the North Coast route highway. The goal of this program is to guarantee drivers' comfort and safety as they travel by offering free roadside assistance services.
- One Moto India, a British electric vehicle brand, teamed up with Global Assure, a roadside assistance provider, in March 2022 to offer other help services and round-the-clock client support for any automobile breakdown.
- To establish a safe environment for its full line of vehicles and consumers, Omega Seiki Mobility, an electric vehicle manufacturer, teamed with Europe support in November 2021 to offer roadside support.
Market Opportunities and Challenges
The rising demand for hybrid and electric vehicles is one of the main factors driving the expansion of the automotive roadside assistance market. In an effort to lower carbon emissions, a number of governments have implemented policies that incentivize the use of electric and hybrid vehicles, including tax breaks and subsidies. Consequently, the demand for car roadside assistance services has grown due to the rise in sales of hybrid and electric vehicles. Consequently, during the course of the forecast period, this aspect will boost the expansion of the worldwide car roadside assistance market. Additionally, there may be a greater need for roadside assistance services due to the rise in car sales and production. Since there are more cars on the road, there is a larger need for help in the event of an emergency or breakdown, which is consistent with the services offered by Vehicle Roadside Assistance.
A significant obstacle for the automotive roadside assistance industry is the growing inclination of consumers towards self-service options. Instead of phoning roadside assistance providers, many customers now rely on community assistance apps and online support forums to help them handle basic car problems like flat tires or dead batteries on their own. In certain situations, this has lessened the requirement for expert roadside assistance. Another difficulty is that new cars are more dependable and have longer service lives than older models, which means that the need for these services is reduced because new cars often break down less frequently. Cost is also a major factor to take into account when selecting a roadside assistance service provider. The primary factors responsible for the rise in roadside assistance service fees have been the increasing costs of labour and petroleum.
Market Competitive Landscape
The Vehicle Roadside Assistance market is fragmented and competitive, with several noteworthy organizations operating in it. Top companies in the industry include Viking Assistance Group AS, ARC Europe SA, Swedish Auto, Best Roadside Service, AutoVantage, Roadside Masters, Paragon Motor Club, Access Roadside Assistance, Better World Club, Emergency Road Services Corporation, Honk technologies, National General Insurance, span wings, Twenty Four OTR Pvt Ltd, TVS Auto Assist India Limited, RESCUE Vehicle Services Private Ltd, Emirates Insurance Co. (PSC), CHUBB LIMITED, Prime Assistance Inc, and Arabian Automobile Association.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle Type, By Service, By Provider |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Viking Assistance Group AS, ARC Europe SA, Swedish Auto, Best Roadside Service, AutoVantage, Roadside Masters, Paragon Motor Club, Access Roadside Assistance, Better World Club, Emergency Road Services Corporation, Honk technologies, National General Insurance, span wings, Twenty Four OTR Pvt Ltd, TVS Auto Assist India Limited, RESCUE Vehicle Services Private Ltd, Emirates Insurance Co. (PSC), CHUBB LIMITED, Prime Assistance Inc, Arabian Automobile Association. |
COVID-19 Impact on Global Vehicle Roadside Assistance Market
The COVID-19 pandemic outbreak had a negligible effect on the market share of car roadside assistance. The pandemic altered consumer behaviour and presented a number of issues, which in turn affected the need for roadside help services. Vehicle utilization was drastically decreased during lockdowns and times of restricted movement as a result of stay-at-home directives and minimal travel. Because there were fewer cars on the road, there were fewer accidents and breakdowns, which temporarily reduced the need for roadside help services. For many employees, the frequency of their daily commutes decreased with the shift to remote work and virtual meetings. Because fewer people often drove long distances, there was a decrease in the need for emergency roadside help.
Key Target Audience:
- Individual vehicle owners
- Fleet operators
- Automotive insurance companies
- Automobile manufacturers
- Rental car companies
Our in-depth analysis of the Vehicle Roadside Assistance Market includes the following segments:
| By Vehicle Type: |
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| By Service: |
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| By Provider: |
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Key Topics Covered in the Report:
- Global Vehicle Roadside Assistance Market Size (FY’2024-FY’2033)
- Overview of Global Vehicle Roadside Assistance Market
- Segmentation of Global Vehicle Roadside Assistance Market By Vehicle Type (Commercial Vehicles, Passenger Vehicles)
- Segmentation of Global Vehicle Roadside Assistance Market By Service (Tire Replacement, Towing, Jump Start/Pull Start, Fuel Delivery, Lockout/Replacement Key Service, Battery Assistance, Winch, Trip Routing/Navigational Assistance, Others)
- Segmentation of Global Vehicle Roadside Assistance Market By Provider (Motor Insurance, Auto manufacturer, Automotive Clubs, Independent Warranty)
- Statistical Snap of Global Vehicle Roadside Assistance Market
- Expansion Analysis of Global Vehicle Roadside Assistance Market
- Problems and Obstacles in Global Vehicle Roadside Assistance Market
- Competitive Landscape in the Global Vehicle Roadside Assistance Market
- Impact of COVID-19 and Demonetization on Global Vehicle Roadside Assistance Market
- Details on Current Investment in Global Vehicle Roadside Assistance Market
- Competitive Analysis of Global Vehicle Roadside Assistance Market
- Prominent Players in the Global Vehicle Roadside Assistance Market
- SWOT Analysis of Global Vehicle Roadside Assistance Market
- Global Vehicle Roadside Assistance Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Vehicle Roadside Assistance Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Vehicle Roadside Assistance Market Manufacturing Base Distribution, Sales Area, Ingredients6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Vehicle Roadside Assistance Market
7. Global Vehicle Roadside Assistance Market, By Vehicle Type (USD Million) 2020-2033
7.1. Global Vehicle Roadside Assistance Market Size, Share and Forecast, By Vehicle Type, 2020-20267.1. Global Vehicle Roadside Assistance Market Size, Share and Forecast, By Vehicle Type, 2027-20337.2. Commercial Vehicles7.2.1. Light Commercial Vehicle7.2.2. Heavy Commercial Vehicle7.3. Passenger Vehicles7.3.1. Hatchback7.3.2. Sedan7.3.3. Utility Vehicles
8. Global Vehicle Roadside Assistance Market, By Service (USD Million) 2020-2033
8.1. Global Vehicle Roadside Assistance Market Size, Share and Forecast, By Service, 2020-20268.2. Global Vehicle Roadside Assistance Market Size, Share and Forecast, By Service, 2027-20338.3. Tire Replacement8.4. Towing8.5. Jump Start/Pull Start8.6. Fuel Delivery8.7. Lockout/Replacement Key Service8.8. Battery Assistance8.9. Winch8.10. Trip Routing/Navigational Assistance
8.11. Others
9. Global Vehicle Roadside Assistance Market, By Provider (USD Million) 2020-2033
9.1. Global Vehicle Roadside Assistance Market Size, Share and Forecast, By Provider, 2020-20269.2. Global Vehicle Roadside Assistance Market Size, Share and Forecast, By Provider, 2027-20339.3. Motor Insurance9.4. Auto Manufacturer9.5. Automotive Clubs9.6. Independent Warranty
10. Global Vehicle Roadside Assistance Market, Forecast, 2020-2033 (USD Million)
10.1. Global Vehicle Roadside Assistance Market Size and Market Share
11. Global Vehicle Roadside Assistance Market, By Vehicle Type 2020-2033 (USD Million)
11.1. Global Vehicle Roadside Assistance Market Size and Market Share, By Vehicle Type (2020-2026)11.2. Global Vehicle Roadside Assistance Market Size and Market Share, By Vehicle Type (2027-2033)
12. Global Vehicle Roadside Assistance Market, By Service 2020-2033 (USD Million)
12.1. Global Vehicle Roadside Assistance Market Size and Market Share, By Service (2020-2026)12.2. Global Vehicle Roadside Assistance Market Size and Market Share, By Service (2027-2033)
13. Global Vehicle Roadside Assistance Market, By Provider 2020-2033 (USD Million)
13.1. Global Vehicle Roadside Assistance Market Size and Market Share, By Provider (2020-2026)13.2. Global Vehicle Roadside Assistance Market Size and Market Share, By Provider (2027-2033)
14. Global Vehicle Roadside Assistance Market, By Region, 2020-2033 (USD Million)
14.1. Global Vehicle Roadside Assistance Market Size and Market Share, By Region (2020-2026)14.2. Global Vehicle Roadside Assistance Market Size and Market Share, By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Viking Assistance Group AS15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. ARC Europe SA15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Swedish Auto15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. SOS International A/S15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Allianz Global Assistance15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Falck A/S15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Allstate Insurance Company15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. AAA15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Best Roadside Service15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. AutoVantage15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Roadside Masters15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Paragon Motor Club15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Access Roadside Assistance15.13.1. Company details15.13.2. Financial outlook15.13.3. Product summary15.13.4. Recent developments15.14. Better World Club15.14.1. Company details15.14.2. Financial outlook15.14.3. Product summary15.14.4. Recent developments15.15. Emergency Road Services Corporation15.15.1. Company details15.15.2. Financial outlook15.15.3. Product summary15.15.4. Recent developments15.16. Honk technologies15.16.1. Company details15.16.2. Financial outlook15.16.3. Product summary15.16.4. Recent developments15.17. National General Insurance15.17.1. Company details15.17.2. Financial outlook15.17.3. Product summary15.17.4. Recent developments15.18. span wings15.18.1. Company details15.18.2. Financial outlook15.18.3. Product summary15.18.4. Recent developments15.19. Twenty Four OTR Pvt Ltd15.19.1. Company details15.19.2. Financial outlook15.19.3. Product summary15.19.4. Recent developments15.20. TVS Auto Assist India Limited15.20.1. Company details15.20.2. Financial outlook15.20.3. Product summary15.20.4. Recent developments15.21. RESCUE Vehicle Services Private Ltd.15.21.1. Company details15.21.2. Financial outlook15.21.3. Product summary15.21.4. Recent developments15.22. Emirates Insurance Co. (PSC)15.22.1. Company details15.22.2. Financial outlook15.22.3. Product summary15.22.4. Recent developments15.23. CHUBB LIMITED15.23.1. Company details15.23.2. Financial outlook15.23.3. Product summary15.23.4. Recent developments15.24. Prime Assistance Inc.15.24.1. Company details15.24.2. Financial outlook15.24.3. Product summary15.24.4. Recent developments15.25. Arabian Automobile Association15.25.1. Company details15.25.2. Financial outlook15.25.3. Product summary15.25.4. Recent developments15.26. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Vehicle Roadside Assistance Market size from 2022. The Market is expected to reach USD 42.39 billion by 2033, at a CAGR of 5.86% during the forecast period.
Vehicle Roadside Assistance Market CAGR of 5.86% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Vehicle Roadside Assistance Market size is 42.39 billion from 2024 to 2033.
Vehicle Roadside Assistance Market Segment is covered By Vehicle Type, By Service, By Provider.
The North America anticipated to have the highest market share in the Vehicle Roadside Assistance Market.
The key players in the market include Companies Covered Viking Assistance Group AS, ARC Europe SA, Swedish Auto, Best Roadside Service, AutoVantage, Roadside Masters, Paragon Motor Club, Access Roadside Assistance, Better World Club, Emergency Road Services Corporation, Honk technologies, National General Insurance, span wings, Twenty Four OTR Pvt Ltd, TVS Auto Assist India Limited, RESCUE Vehicle Services Private Ltd, Emirates Insurance Co. (PSC), CHUBB LIMITED, Prime Assistance Inc, Arabian Automobile Association.
Roadside assistance for vehicles is a service that comes in handy for drivers who break down. It is intended to make adjustments to get a car operating again and solve minor mechanical and electrical issues.
Vehicle Roadside Assistance Market is projected to reach USD 42.39 billion by 2033, growing at a CAGR of 5.86% during the forecast period.
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