Press release
Transformative Trends Impacting the Vehicle Roadside Assistance Market Landscape: Adoption Of AI-Powered Platforms To Enhance Roadside Assistance Services
Vehicle Roadside Assistance
How Large Will the Vehicle Roadside Assistance Market Size By 2025?
In recent times, the size of the vehicle roadside assistance market has seen significant expansion. It is forecasted to increase from its 2024 value of $24.63 billion to a projected $26.17 billion in 2025, showing a compound annual growth rate (CAGR) of 6.2%. Explanations for the growth during the historic period include escalating vehicle ownership, heightened occurrence of mechanical breakdowns, inadequacy of public towing services, an increase in long-distance commuting and travel, along with a broader awareness of emergency roadside aid services.
How Big Is the Vehicle Roadside Assistance Market Size Expected to Grow by 2029?
In the coming years, the vehicle roadside assistance market is projected to witness significant growth. It is estimated to expand to $32.87 billion by 2029, with a compound annual growth rate (CAGR) of 5.9%. The integration of connected car technologies and telematics, increasing demand for mobility services through subscriptions, and the expansion of electric vehicle (EV) fleets that require specialized assistance are some factors contributing to this growth during the forecast period. Other factors include collaborations between automakers and service providers, and the growing use of mobile apps for providing immediate roadside aid. Upcoming trends during the forecast period encompass AI-driven predictive maintenance for proactive assistance, the offering of roadside assistance in insurance and lease packages, growth of on-demand and pay-as-you-go assistance models, EV charging support included in service offerings, and geographical expansion of 24/7 multilingual assistance networks.
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Which Key Market Drivers Powering Vehicle Roadside Assistance Market Expansion and Growth?
The upward trend in vehicle crashes and malfunctioning is anticipated to boost the development of the market for vehicle roadside assistance in the near future. Vehicle malfunctions, which are mechanical issues that hamper a vehicle's functioning, and accidents, which are unexpected clashes or episodes causing harm or injury involving one or more vehicles, are primarily augmenting due to the escalated usage of vehicles, along with aging fleets and deficient maintenance. Vehicle roadside assistance plays a significant role in subsiding the effects of these breakdowns and accidents by offering on-spot repairs, towing, and immediate help to assure safety and decrease downtime. For instance, as per the data revealed by the National Highway Traffic Safety Administration (NHTSA), a US-based governmental body, around 2.44 million people suffered injuries due to automotive accidents in the United States in 2023. This was an increase of 2.5% from the 2.38 million injuries registered in 2022. Consequently, the escalating occurrence of vehicle malfunctions and crashes is contributing to the expansion of the vehicle roadside assistance market.
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Which Fast-Growing Trends Are Poised to Disrupt the Vehicle Roadside Assistance Market?
In the vehicle roadside assistance sector, leading organizations are working on creating innovative solutions like artificial intelligence-enabled assistance platforms. This is to enhance the speed and precision of their services, as well as customer satisfaction. These AI-led platforms use AI technology to automatically identify problems, expedite aid, and provide real-time updates to consumers. For example, in December 2024, a tech company in the United States named Motive unveiled Motive Roadside Assistance, powered by artificial intelligence. This platform delivers round-the-clock roadside assistance services aimed at boosting driver safety and optimizing operational efficiency. By leveraging AI, it can autonomously recognize vehicle problems and send the closest service provider, thereby significantly reducing response times. This tool is designed to suit commercial fleets, assisting operators in reducing idle time, cutting down maintenance expenses, and maintaining safety regulations.
What Are the Emerging Segments in the Vehicle Roadside Assistance Market?
The vehicle roadside assistance market covered in this report is segmented -
1) By Service Type: Towing, Tire Replacement, Fuel Delivery, Lockout Or Replacement Key Service, Battery Assistance, Other Services
2) By Provider: Motor Insurance, Auto Manufacturer, Automotive Clubs, Independent Warranty Providers
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Service Channel: Original Equipment Manufacturer (OEM) Networks, Insurance Company Networks, Independent Providers, Third-Party Service Providers
Subsegments:
1) Towing: Flatbed Towing, Wheel-Lift Towing, Integrated Towing, Motorcycle Towing, Heavy-Duty Towing
2) Tire Replacement: Spare Tire Installation, Mobile Tire Repair, Flat Tire Patching, Seasonal Tire Change, Emergency Inflation Services
3) Fuel Delivery: Gasoline Delivery, Diesel Delivery, Electric Vehicle (EV) Charging, Propane Delivery, Hybrid Vehicle Support
4) Lockout or Replacement Key Service: Vehicle Lockout Assistance, Key Duplication Transponder Key Programming, Smart Key Replacement, Remote Key Fob Services
5) Battery Assistance: Jump-Start Services, Battery Diagnostics, On-Site Battery Replacement, Battery Recharging, Corrosion Cleaning And Maintenance
6) Other Services: Winching And Extrication, Mechanical First Aid, Trip Interruption Support, Emergency Towing For Accidents, Concierge And Travel Assistance Services
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Who Are the Global Leaders in the Vehicle Roadside Assistance Market?
Major companies operating in the vehicle roadside assistance market are Toyota Motor Corporation, State Farm Mutual Automobile Insurance Company, Hyundai Motor Company, Allstate Insurance Company, Tata Motors Limited, Progressive Corporation, Government Employees Insurance Company (GEICO), Falck Group A/S, Agero Inc., RAC Limited, Urgent.ly Inc., Mapfre S.A., Allgemeiner Deutscher Automobil-Club e.V., Allianz SE, TVS Auto Assist India Limited, MotorEasy Limited, HONK Technologies Inc., Better World Club Inc., Nationwide Mutual Insurance Company, Green Flag Limited.
Which are the Top Profitable Regional Markets for the Vehicle Roadside Assistance Industry?
Europe was the largest region in the vehicle roadside assistance market in 2024, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the vehicle roadside assistance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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