Global Vehicle Roadside Assistance Market Report and Forecast 2024-2032

Global Vehicle Roadside Assistance Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global vehicle roadside assistance market is projected to grow at a CAGR of 5.6% between 2024 and 2032. Aided by the increase in vehicle sales and ageing vehicle fleet, the market is expected to grow significantly by 2032.

Vehicle roadside assistance refers to professional services designed to help motorists whose vehicles have suffered a mechanical failure that leaves the operator stranded. This service encompasses a range of emergency services including towing, tire changing, jump-starts, lockout assistance, and fuel delivery, among others. Its importance has been increasingly recognised in the context of enhancing vehicle safety and offering peace of mind to motorists.

The vehicle roadside assistance market growth is primarily driven by the rising number of ageing vehicles, which are more prone to breakdowns, and the growing vehicle sales globally. Additionally, the increase in the number of road accidents and the consequent need for immediate assistance services further bolsters the demand for vehicle roadside assistance.

The proliferation of app-based services and the integration of technology in roadside assistance solutions also contribute significantly to vehicle roadside assistance market size. Advanced technologies such as GPS tracking, mobile applications, and automated systems have revolutionised how roadside assistance services are delivered, making them more efficient and customer-friendly.

Another factor propelling the market is the growing emphasis on auto safety and the increase in consumer awareness about the availability and benefits of roadside assistance services. Many new vehicles come with roadside assistance as part of the warranty in today’s time.

Geographically, North America holds a significant share of the market, attributed to the high vehicle ownership rates and the well-established automotive industry in the region. The United States and Canada are major contributors, with their robust infrastructure for roadside assistance services.

Furthermore, the market is set to continue its growth trajectory, driven by increasing vehicle sales, technological advancements, and growing consumer awareness about the importance of these services. As per the vehicle roadside assistance market analysis, the market presents significant opportunities for service providers, especially in regions with expanding automotive sectors and rising vehicle ownership rates.

Market Segmentation

The market can be divided based on service, provider, vehicle, and region.

Market Breakup by Service

• Towing
• Tyre Replacement
• Fuel Delivery
• Jump Start/Pull Start
• Lockout/ Replacement Key Service
• Winch
• Battery Assistance
• Trip Routing/ Navigational Assistance
• Other Mechanic Service

Market Breakup by Provider

• Auto Manufacturer
• Motor Insurance
• Independent Warranty
• Automotive Clubs

Market Breakup by Vehicle

• Passenger Vehicle
• Commercial Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global vehicle roadside assistance market. Some of the major players explored in the report by Expert Market Research are as follows:

• Good Sam Enterprise, LLC
• Falck A/S
• Roadside Transportation LLC., DBA
• Agero, Inc.
• Best Roadside Service
• Allstate Insurance Company
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
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