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Vehicle Roadside Assistance Market Revenue & Value chain 2021-2026

05-12-2021 07:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: KDMI

/ PR Agency: Market Research
Vehicle Roadside Assistance Market Revenue & Value chain

Vehicle roadside assistanceis defined as a service that helps a vehicle's driver in the event of a crash or any breakdown in the car. It includes both on-site small electrical and mechanical repair from vehicle towing, support of tires, fuel delivery services, lock out and loss of key, battery issues to the drivers and vehicles with basic support. These issues are very common in the vehicles so nowadays car service professionals are adapting such techniques so that the vehicle can be driven again and travel some distance. The main factor due to which such issues happens is the life of the vehicle. The vehicle which is more than 10 years such issues happens. The stress and complexity of roadside assistance associated is getting lowered due to the roadside assistance network coverage through app-driven services which will drive the market of vehicle roadside assistance Market.

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Vehicle Roadside Assistance Market Segmentation

Vehicle Roadside Assistance Market by Service

Towing
Fuel Delivery
Jump Start/Pull Start
Lockout/ Replacement Key Services
Battery Assistance
Trip Routing/ Navigational Assistance
Winch
Tire Replacement
Other Services
Vehicle Roadside Assistance Market by Provider

Motor Insurance
Independent Warranty
Auto Manufacturer
Automotive Clubs
Vehicle Roadside Assistance Market by Vehicle

Light Commercial Vehicle
Heavy Commercial Vehicle
Passenger Vehicle
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Regional Analysis

In 2019, more than 1 billion vehicles have seen sold globally. Out of these 70 percent of the sales are of passenger vehicles. Such increasing sales of automotive industry will create the demand for the vehicle roadside assistance in the near future. The rising on-road vehicle sales in Europe have increased the number of crashes, car breakdowns which will further drive the market of vehicle roadside assistance. The vehicle assistance market in Europe is being fuelled by the increase in per capita income, increased living standards, consumer preference for pricing, and increased sales of premium vehicles. The North America vehicle roadside assistance market is mainly increasing due to the unfavourable weather in several areas, the growing number of aging cars, and the preference for car-makers roadside assistance. Furthermore, the Asia Pacific roadside assistance market will surge during the forecast due to increase in vehicle accidents and mechanical issues in the passenger vehicles as well as commercial vehicles.

In Middle East and North Africa, more than two million vehicles were sold in 2019. The major sales in these regions are from Gulf Cooperation Council (GCC) countries including UAE. Iran is leading followed by Saudi Arabia and Israel in terms of passenger vehicles. Such factors will drive the vehicle roadside assistance market in the Middle East and North African region.

Few Prominent Players for Vehicle Roadside Assistance Market:

ARC Europe SA,
Viking Assistance Group AS,
SOS International A/S,
Swedish Auto, Falck A/S,
Allianz Global Assistance,
AAA,
Agero, Inc.,
Allstate Insurance Company,
AutoVantage,
Best Roadside Service,
Paragon Motor Club,
Roadside Masters,
Access Roadside Assistance,
Good Sam Enterprise, LLC,
Emergency Road Services Corporation,
Better World Club,
National General Insurance,
Honk technologies,
URGENT.LY INC.,
span wings,
TVS Auto Assist India Limited,
Twenty Four OTR Pvt Ltd,
RESCUE Vehicle Services Private Ltd.,
ASSURANT, INC.
CHUBB LIMITED,
Emirates Insurance Co. (PSC),
Arabian Automobile Association,
Prime Assistance Inc.
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About KD Insights

KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant, and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights.

Our dedicated in-house team ensures the reports satisfy the requirement of the client. We aim at providing value service to our clients. Our reports are backed by extensive industry coverage and is made sure to give importance to the specific needs of our clients. The main idea is to enable our clients to make an informed decision, by keeping them and ourselves up to date with the latest trends in the market.

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New York, USA 12207

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