The global Vehicle Roadside Assistance market size reached US$ 6.31 Bn. in 2023 and is projected to attain US$ 8.82 Bn. by 2030, with a compound annual growth rate (CAGR) of 4.89% during the forecast period.
Market Overview:
This comprehensive Vehicle Roadside Assistance market study delves into prevailing and emerging trends and dynamics within the global Vehicle Roadside Assistance market. Extensive market forecasting for major segments is conducted from 2021 to 2027. The analysis entails a meticulous examination of key product positions and primary competitors in the market landscape to understand its competitive terrain thoroughly.
Market Scope:
The analysis offers a current assessment of the present Vehicle Roadside Assistance market landscape alongside recent trends, drivers, and an overview of the overall market environment. The market’s expansion is propelled by heightened demand for Vehicle Roadside Assistance . It delves into technology, end-user, and type categories, as well as the geographical landscape.
Drivers:
The report covers major restraints and drivers influencing the Vehicle Roadside Assistance market.
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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)
Key Players
The market research report provides comprehensive quantitative insights, offering a detailed outlook on the global market potential across various categories, accompanied by country-by-country analyses. It explores the market’s key influencing factors and presents complete company profiles of major players.
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.
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Regional Analysis:
The regional segment of the Vehicle Roadside Assistance market study incorporates individual market influencers and regulatory changes affecting present and future market trends. It employs various indicators, including downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies, to anticipate market scenarios across industries.
COVID-19 Impact Analysis on Vehicle Roadside Assistance Market:
The global Vehicle Roadside Assistance industry has experienced a significant impact from the COVID-19 pandemic, with production facilities halted due to economic downturns and workforce shortages. Although the pandemic caused a slowdown in the Vehicle Roadside Assistance market in 2020, it is anticipated to rebound by early 2021 due to increased demand.
Key Questions Answered in the Vehicle Roadside Assistance Market Report:
- Which segment held the largest share in the Vehicle Roadside Assistance market?
- How was the competitive scenario of the Vehicle Roadside Assistance market in 2020?
- What are the key factors driving Vehicle Roadside Assistance market growth?
- Which region dominated the Vehicle Roadside Assistance market in 2020?
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