Global Vehicle Roadside Assistance Market
The market size was valued at US$ 6.31 Bn. in 2023 and is projected to reach US$ 8.82 Bn. by 2030, with a CAGR of 4.89% during the forecast period.
Market Overview:
The "Vehicle Roadside Assistance Market" research aims to deliver current market insights and support decision-makers in making well-informed investment choices. This comprehensive analysis covers the global Vehicle Roadside Assistance Market by product type, application, key manufacturers, and key regions.
Market Scope:
The research delves into the growth prospects, constraints, and overall market analysis of the Vehicle Roadside Assistance market. It utilizes Porter's five forces analysis to evaluate the impact of various factors on market trends, such as supplier bargaining power.
Drivers:
The report discusses significant drivers and restraints impacting the Vehicle Roadside Assistance market.
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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)
Key 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 global Vehicle Roadside Assistance market has been evaluated across the following regions:
- North America (United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia)
- Latin America (Brazil, Argentina, Colombia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Vehicle Roadside Assistance Market:
The COVID-19 pandemic has had a profound impact on the Vehicle Roadside Assistance market in 2021. The outbreak has led to widespread disruptions including flight cancellations, travel bans, quarantines, restaurant closures, and restrictions on indoor/outdoor events. Over thirty countries have declared states of emergency, resulting in a massive slowdown in the supply chain, stock market fluctuations, business declines, increased public panic, and future uncertainties.
Key Questions Answered in the Vehicle Roadside Assistance Market Report:
- What key trends are expected to emerge in the Vehicle Roadside Assistance market during the forecast period?
- What will be the market size of the Vehicle Roadside Assistance market by 2027?
- Which company held the largest market share in 2020?
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