Vehicle Roadside Assistance Industry Market Size, Share, Trends, Growth and Forecast 2032

Vehicle Roadside Assistance Industry Market Insights

According to Zion Market Research, the global Vehicle Roadside Assistance Industry Market was worth USD 24.37 Billion in 2023. The market is forecast to reach USD 39.19 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.42% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Vehicle Roadside Assistance Industry industry over the next decade.

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Global Vehicle Roadside Assistance Industry: Overview

Vehicle roadside assistance is a kind of assistance service that is a provider to the automobile driver whenever there is a breakdown of the vehicle. Through the vehicle roadside assistance, onsite help is offered to drivers including minor repairs of the vehicle.

Global Vehicle Roadside Assistance Industry: Growth Factors

The prominent rise in the aging automotive that is more prone to experience a breakdown on the roadway along with facing of many electrical & mechanical problems will culminate in demand for vehicle roadside assistance solutions. Apparently, an increase in deploying of application-driven services has resulted in minimization of the vehicle roadside assistance service response period. This is a key factor leveraging vehicle roadside assistance market size. Apart from this, an increase in vehicle production and sales worldwide has also culminated in traffic jams, road collisions, and vehicle breakdowns. This has made it mandatory for the governments as per as non-government organizations to provide vehicle roadside assistance to the vehicle owners or drivers. Additionally, cold weather, snowy, and icy terrain or slopes in many Western countries has led to road fatalities and this has necessitated governments to take measures such as offering vehicle roadside assistance to drivers in such tough environmental conditions. Nevertheless, massive charges for the vehicle roadside support are a vital aspect that can obstruct the market surge.

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Global Vehicle Roadside Assistance Industry: Segmentation

The vehicle roadside assistance market can be classified into service, vehicle type, and service provider. On the basis of service, the market is sectored into towing, fuel delivery, battery assistance, replacement key, jump start, winch, and trip routing services. Vehicle type wise, the market is divided into passenger vehicle and commercial vehicle. Service Provider wise, the vehicle roadside assistance market is divided into the auto manufacturer, independent warranty, motor insurance, and automotive clubs.

Vehicle Roadside Assistance Industry Market: Report Scope

Global Vehicle Roadside Assistance Industry: Regional Analysis

The number of vehicle registrations & sales in Europe has increased in the past few years and this has added enormously towards the number of vehicle breakdowns on roads. Apart from this, cold climatic conditions have led to vehicle breakdowns on the roadways and this has prompted in the greater need for the vehicle roadside assistance service in the region. Additionally, easy availability of roadside automobile support service providers in the region will further boost the vehicle roadside assistance market earnings in the European continent.

With burgeoning demand for roadside vehicle assistance support in North America, the market is anticipated to gain traction over the estimated period in the region. Furthermore, the rise in the old and outdated vehicles and ready availability of the roadside vehicle support services on highways as well as roads will boost the vehicle roadside assistance market trends in North America. Moreover, the rise in vehicle production with a massive need for locomotives in countries such as India will proliferate the progress of Asia Pacific vehicle roadside assistance industry.

Global Vehicle Roadside Assistance Industry: Competitive Players

Few of the main participants in vehicle roadside assistance market are -

• ARC Europe SA
• Allstate Insurance Company
• Emergency Road Services Corporation
• Falck A/S
• Allianz Global Assistance
• Good Sam Enterprise
• TVS Auto Assist India Limited
• Arabian Automobile Association
• National General Insurance
• Viking Assistance Group AS.

Global Vehicle Roadside Assistance Industry: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa