Vehicle Roadside Assistance Market Demand will reach a value of US$ 36.6 Billion by 2031 at a CAGR of 6.3%| Due to Surge in Demand for Towing Services

According to the report, the global 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗥𝗼𝗮𝗱𝘀𝗶𝗱𝗲 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 Market was valued over US$ 36.6 Bn by the end of 2031. It is estimated to expand at a CAGR of 6.3% from 2023 to 2031. Vehicle roadside assistance is a service that assists vehicle drivers in vehicle breakdown coverage. Vehicle roadside assistance is an effort by auto service professionals to sort minor mechanical & electrical repairs and adjustments in an attempt to make a vehicle drivable again. Vehicle roadside assistance offers on-site assistance to vehicle owners and motorists with basic support, which includes on-site minor electrical and mechanical repair, flat tire support, battery jump start, misplaced or lost keys (lockout service), towing of the vehicle, fuel delivery service, and other such services. Increase in demand for such services providing safety and security for vehicles during a journey is expected to drive the global vehicle roadside assistance market during the forecast period.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁 (𝗨𝘀𝗲 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗠𝗮𝗶𝗹 𝗜𝗱 𝗳𝗼𝗿 𝗤𝘂𝗶𝗰𝗸 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗲) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=56106

𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗥𝗼𝗮𝗱𝘀𝗶𝗱𝗲 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁

The increase in the number of on-road vehicles is expected to drive the global vehicle roadside assistance market. On-road vehicles that are older than 5 years require vehicle assistance services, including battery assistance, jump start/pull start among other mechanic services. The adoption of roadside assistance among ageing vehicles is expected to rise during the forecast period; consequently fueling the global vehicle roadside assistance market. The rise in transportation activities among the population, globally, is expected to boost the demand for vehicles globally. The increase in the per capita income, along with growing industrialization has heightened the sale of passenger vehicles and commercial vehicles across the globe for transportation of people and goods. Additionally, an increase in sales of used vehicles across China, India, ASEAN countries, Middle East, and South African countries, owing to low cost of vehicle ownership and increased number of used vehicles buyers are expected to offer lucrative opportunity for players engaged in the global vehicle roadside assistance market.

𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗥𝗼𝗮𝗱𝘀𝗶𝗱𝗲 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲: 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀

The increase in the demand for SUVs across Europe and North America indicates a rise in preference for off-road driving, which can be primarily attributed to consumer shift toward recreational activities and family outings. The increase in off-road driving fuels the demand for necessity of assistance in case of any emergency. Additionally, mining, construction, and energy sectors across Asia Pacific are expanding at a significant pace, which, in turn, are fueling the demand for vehicles, especially for commercial vehicles. Vehicles operating across the sectors mentioned above are prominently subjected to off-road applications. Garages and fuel stations are generally unavailable across off-road areas, therefore vehicle roadside assistance plays an important role in serving vehicles witnessing breakdown along off-road routes. The rise in the number of on-road vehicles coupled with an increase in average age of vehicles is likely to offer lucrative expansion opportunities for vehicle roadside assistance services globally.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗳 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗥𝗼𝗮𝗱𝘀𝗶𝗱𝗲 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁

In terms of region, the global vehicle roadside assistance market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe led the global vehicle roadside assistance market, and it is anticipated to maintain its dominance during the forecast period. Higher market share held by the region can be primarily attributed to an increase in awareness about safety and security offered by vehicle roadside assistance services. Followed by Europe, Asia Pacific accounted for the second-largest share of the global vehicle roadside assistance market. The increase in age of on-road vehicles in addition to rise in sales of both new and used passenger vehicles in countries across Asia Pacific, including China, India, and those in ASEAN is excepted to increase the demand for vehicle roadside assistance services in Asia Pacific.

𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗥𝗼𝗮𝗱𝘀𝗶𝗱𝗲 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

Prominent players operating in the global vehicle roadside assistance market include AAA, Agero, Inc., Allstate Insurance Company, AutoVantage, Best Roadside Service, Allianz Global Assistance, Arabian Automobile Association, ARC Europe SA, ASSURANT, INC., CHUBB LIMITED, Falck A/S, Prime Assistance Inc., RESCUE Vehicle Services Private Ltd., TVS Auto Assist India Limited, Viking Assistance Group AS, SOS International A/S, span wings, Paragon Motor Club, Roadside Masters, Access Roadside Assistance, Good Sam Enterprise, LLC, Emergency Road Services Corporation, Better World Club, National General Insurance, HONK Technologies, and URGENT.LY INC.

𝗕𝘂𝘆 𝘁𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 | 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗮𝘁 - https://www.transparencymarketresearch.com/checkout.php?rep_id=56106<ype=S

𝗚𝗹𝗼𝗯𝗮𝗹 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗥𝗼𝗮𝗱𝘀𝗶𝗱𝗲 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻

𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗥𝗼𝗮𝗱𝘀𝗶𝗱𝗲 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗯𝘆 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗧𝘆𝗽𝗲
Passenger Vehicle
Hatchback
Sedan
Utility Vehicles
Commercial Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle

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

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

𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗥𝗼𝗮𝗱𝘀𝗶𝗱𝗲 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗯𝘆 𝗥𝗲𝗴𝗶𝗼𝗻
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

𝗠𝗼𝗿𝗲 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗯𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 -

𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀 𝗥𝗲𝗻𝗮𝗹 𝗥𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁 𝗧𝗵𝗲𝗿𝗮𝗽𝘆 𝗠𝗮𝗿𝗸𝗲𝘁- https://www.prnewswire.com/news-releases/continuous-renal-replacement-therapy-market-to-reach-us-2-5-bn-by-2031--tmr-study-301709599.html

𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗗𝘆𝗻𝗮𝗺𝗼𝗺𝗲𝘁𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁- https://www.globenewswire.com/news-release/2022/12/07/2569655/0/en/Medical-Dynamometer-Market-to-Reach-US-984-6-Mn-by-the-end-of-2026-TMR-Study.html

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀

Nikhil Sawlani
Transparency Market Research Inc.
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