Vehicle Roadside Assistance Market Share, Size, Growth, Trends
Market Size and Forecast
The global Vehicle Roadside Assistance market was valued at US$ 6.31 Bn. in 2023 and is projected to reach US$ 8.82 Bn. by 2030, growing at a CAGR of 4.89% during the forecast period.
Market Overview
The Vehicle Roadside Assistance market report encompasses recent developments, trade regulations, import-export assessments, business models, value chain optimization, market share analysis, the impact of domestic and localized market players, and evaluations of opportunities in emerging income pockets. It also examines shifts in market restrictions, tactical market growth analyses, sales volume, segment growth, application niches and dominance, product approvals, releases, and geographical trends.
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Market Scope
The highly competitive environment of the Vehicle Roadside Assistance market is detailed with information on key competitors. This includes business overviews, financials, revenue generation, market potential, R&D investments, new market initiatives, geographical presence, strengths and weaknesses, product introductions, and application dominance. The focus is solely on businesses relevant to the Vehicle Roadside Assistance industry.
Market Drivers and Restraints
The report also covers the major drivers and restraints impacting the Vehicle Roadside Assistance market.
Segmentation
by Service
Towing
Tire Replacement
Fuel Delivery
Jump Start/Pull Start
Lockout/ Replacement Key Service
Winch
Battery Assistance
Trip Routing/ Navigational Assistance
Other Mechanic Service
by Provider
Auto Manufacturer
Motor Insurance
Independent Warranty
Automotive Clubs
by Vehicle
Passenger Vehicle
Commercial Vehicle (LCV and HCV)
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Key Players
The major players in the Vehicle Roadside Assistance market include:
1. ARC Europe SA
2. Viking Assistance Group AS
3. SOS International A/S
4. Swedish Auto
5. Falck A/S
6. Allianz Global Assistance,
7. Agero, Inc.
8. Allstate Insurance Company
9. AutoVantage
10.Best Roadside Service
11.Paragon Motor Club
12.Roadside Masters
13.Access Roadside Assistance
14.Good Sam Enterprise, LLC
15.Emergency Road Services Corporation
16.Better World Club
17.National General Insurance
18.Honk technologies
19.URGENT.LY INC.
20.Spanwings
21.TVS Auto Assist India Limited
22.Twenty Four OTR Pvt Ltd.
23.RESCUE Vehicle Services Private Ltd.
24.ASSURANT, INC.
25.CHUBB LIMITED
26.Emirates Insurance Co. (PSC)
27.Arabian Automobile Association
28.Prime Assistance Inc.
Regional Analysis
The report explores the factors contributing to the global Vehicle Roadside Assistance market's growth and the various user demographics within the industry. It provides data on market participants, geographical regions, and specific market requirements. The study offers a comprehensive evaluation of all significant advancements in the market sectors, supported by statistics, infographics, and demonstrations.
COVID-19 Impact Analysis on Vehicle Roadside Assistance Market
The COVID-19 pandemic led to a significant decline in production utilization, with travel bans and facility closures further slowing the Vehicle Roadside Assistance market in 2020. The new research provides insights into COVID-19's impact on the Vehicle Roadside Assistance market, including analysis, estimations, and projections.
Key Questions Answered in the Vehicle Roadside Assistance Market Report
- Which segment held the largest share in the Vehicle Roadside Assistance market?
- What was the competitive scenario of the Vehicle Roadside Assistance market in 2020?
- What are the key factors driving the growth of the Vehicle Roadside Assistance market?
- Which region held the maximum share of the Vehicle Roadside Assistance market in 2020?
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