Global Vehicle Roadside Assistance Market Analysis
Market Size and Growth:
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 compound annual growth rate (CAGR) of 4.89% during the forecast period.
Market Overview:
This comprehensive market study examines current and emerging trends, as well as dynamics within the global Vehicle Roadside Assistance market. The report provides detailed market forecasts for key segments from 2021 to 2027. Extensive analysis is conducted by monitoring the positions of key products and main competitors within the market. To understand the competitive landscape, major players are profiled and their strategies thoroughly evaluated.
Market Scope:
The analysis includes an up-to-date review of the current Vehicle Roadside Assistance market landscape, highlighting recent trends, drivers, and an overview of the overall market environment. Increasing demand for Vehicle Roadside Assistance is a significant driver of market growth. The report covers various aspects including technology, end-user, and type segments, as well as the geographical landscape.
Drivers and Restraints:
The report also identifies major drivers and restraints impacting the Vehicle Roadside Assistance market.
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Segmentation
The market research provides quantitative insights that illustrate the potential of the global market across various categories, along with country-specific analyses.
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:
Key factors influencing the market are explored, and detailed 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 includes factors influencing the market and changes in laws that affect current and future trends. Analysis includes value chain assessments, technology trends, Porter's Five Forces analysis, and case studies. Availability and competition from global and local players are considered when examining regional projections.
COVID-19 Impact Analysis:
The COVID-19 pandemic significantly impacted the global Vehicle Roadside Assistance industry. Production facilities were halted due to the economic downturn and workforce shortages. The pandemic caused a prolonged decrease in production utilization, and travel restrictions kept personnel from facilities, slowing market growth in 2020. However, this negative impact is expected to be temporary, with the market projected to recover significantly by early 2021 due to increased demand for Vehicle Roadside Assistance .
Key Questions Answered in the Report:
- Which segment accounted for 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 growth in the Vehicle Roadside Assistance market?
- Which region held the maximum share in the Vehicle Roadside Assistance market in 2020?
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