[Latest Report] Global Vehicle Roadside Assistance Market Size Worth 34.8 Billion by 2030 at a 4.1% CAGR: Custom Market Insights (Share, Report, Trends, Forecast, Trends, Segmentation)

September 23, 2022

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Vehicle Roadside Assistance Market size & share revenue was valued at approximately USD 23.6 Billion in 2021 and is expected to reach around USD 34.8 Billion by 2030, at a CAGR of 4.1% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are Viking Assistance Group, Best Roadside Service, AutoVantage, Paragom Motorclub, Roadside Masters, ARC Europe SA, Agero, Allianz Global Assistance, National Motor Club, SOS International A/S and others.

/EIN News/ -- Sandy, Utah, USA, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Vehicle Roadside Assistance Market Size, Trends and Insights By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Service (Tire Replacement, Winch Battery Replacement, Towing, Jump Start, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand of global Vehicle Roadside Assistance Market size & share was valued at approximately USD 23.6 Billion in 2021 and is expected to reach a value of around USD 34.8 Billion by 2030, at a compound annual growth rate (CAGR) of about 4.1% during the forecast period 2022 to 2030.”

The global Vehicle Roadside Assistance Industry Market research report offers an in-depth analysis of the global market size, further segmented into the regional and country-level market size and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.

Click Here to Access a Free Sample Report of the Global Vehicle Roadside Assistance Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=16789

Vehicle Roadside Assistance Industry Market: Overview

Post-COVID-19 pandemic, the travel industry is again witnessing very high growth globally. With the growth in the travel industry, the demand for Vehicle Roadside Assistance Industry is also growing proportionally. Vehicle Roadside Assistance Industry websites and applications offer a convenient platform to customers, allowing them to have a wide variety of options available per their requirements and budget. With increased mobility and the need for a better platform to address emergencies, digitalization is more likely to bridge the communication gap and improve the turnaround time during a roadside assistance call.

Many vendors possess their websites and have dedicated social media pages to offer and display quality information about their services to their consumers. Therefore, in the post-pandemic world, with the surge in vehicle sales, the need for roadside assistance is much more likely to exert a positive influence on the end-user market.

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(A free sample of the Vehicle Roadside Assistance report is available upon request; please contact us for more information.)

 Our Free Sample Report Consists of the following:

(Please note that the Vehicle Roadside Assistance report sample has been modified to include the COVID-19 impact study before delivery.)

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Growth Factors

The Vehicle Roadside Assistance Industry Market is propelled by the increase in the digitalization of insurance services and the rise in smartphone and mobile applications. The vendors in roadside assistance programs prefer working through dedicated channels that encourage consumers to opt more for such programs.

On the other hand, car dealers now offer complementary roadside assistance to first-time buyers. This would eventually not only augment car sales but also add to the leverage of the dealer in the car market. On a simpler note, the sale of a vehicle is directly proportional to the sale of an add-on on the insurance package. Therefore, improved customer service to facilitate roadside assistance programs is one of the significant aspects of market development.

Segmental Overview

The Vehicle Roadside Assistance Industry Market is categorized into vehicle type and service. The passenger car market was estimated to be the largest segment in the Vehicle Roadside Assistance Industry Market and continues to be the largest segment throughout 2022-2030. 

A rising number of private car owners with significant demand for roadside assistance is accelerating the market's growth. In addition, the high ratio of insurance claim settlements for roadside assistance is one of the crucial factors in determining the forces of market dynamics. Moreover, the presence of several players in the end-user market is one of the significant aspects.

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Regional Overview

North America is estimated to be the leading region in the global vehicle roadside assistance market. The region houses several insurance providers and a vast presence of third-party vendors. Besides, high consumer demand for roadside assistance has been growing annually. While a maximum from the consumer pool would opt for full insurance coverage, a specific population, such as the middle-income to the high-income group, would definitely and exclusively opt for a roadside assistance package that facilitates help with towing and battery replacement services.

Key Players Insights

Our market analysis of the Vehicle Roadside Assistance Industry also involves a separate section dedicated to major players operating in the market. Our analysts offer an understanding of the financial statements of all the key participants, their product portfolios and SWOT analysis. Moreover, the report also offers a competitive landscape chapter, including strategic key development, market share, and global market ranking analysis of the players mentioned. Additionally, we offer our clients leverage to modify the list of players mentioned in our report as a part of our free customization.

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Some of the prominent players

Key questions answered in this report:

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Report Scope

Feature of the Report Details
Market Size in 2021 USD 23.6 Billion
Projected Market Size in 2030 USD 34.8 Billion
CAGR Growth Rate 4.1% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Viking Assistance Group, Best Roadside Service, AutoVantage, Paragom Motorclub, Roadside Masters, ARC Europe SA, Agero, Allianz Global Assistance, National Motor Club, SOS International A/S, and Others
Key Segment By Vehicle Type, Service, and By Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Recent Developments

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The global Vehicle Roadside Assistance Market is segmented as follows:

(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

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By Vehicle Type

By Service

By Geography

North America

Europe

Asia Pacific

Africa

Latin America

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