[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)
[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.
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.
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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.
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
(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:
Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on request
Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis.
Custom Market Insights (CMI) research methodology
(Please note that the Vehicle Roadside Assistance report sample has been modified to include the COVID-19 impact study before delivery.)
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
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
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
Key questions answered in this report:
What is the size of the Vehicle Roadside Assistance market and what is its expected growth rate?
What are the primary driving factors that push the Vehicle Roadside Assistance market forward?
What are the Vehicle Roadside Assistance Industry's top companies?
What are the different categories that the Vehicle Roadside Assistance Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Vehicle Roadside Assistance market sample report and company profiles?
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
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the Global Vehicle Roadside Assistance Market report [220+ Pages] @ https://www.custommarketinsights.com/report/vehicle-roadside-assistance-market/
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
July 2022: Renault India announced that it will be having a full-week service camp at all dealerships
April 2022: Crayon Motors recently announced to initiate of roadside assistance in partnership with Global Assure. This service would be offered pan-India says, company officials.
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
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
Passenger Vehicle
Commercial Vehicle
By Service
Tire Replacement
Winch Battery Replacement
Towing
Jump Start
Others
By Geography
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Rest of Europe
Asia Pacific
Japan
India
Singapore
Rest of Asia Pacific
Africa
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Rest of Latin America
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
Key Insights:
As per the analysis shared by our research analyst, the Vehicle Roadside Assistance Market is estimated to grow annually at a CAGR of around 4.1% over the forecast period (2022-2030).
In terms of revenue, the Vehicle Roadside Assistance Market size was valued at around USD 23.6 billion in 2021 and is anticipated to reach around USD 34.8 billion by 2030, growing at a CAGR of 4.1% till and 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
Based on vehicle type, the passenger vehicle segment was predicted to show maximum market share in the year 2021.
Based on service, the towing segment was the leading revenue-generating category in 2021.
On the basis of geography/region, the Asia Pacific region was the leading revenue generator in 2021.
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Reasons for the Research Report
The study provides a thorough overview of the global Vehicle Roadside Assistance market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
Directly Purchase a copy of the Global Vehicle Roadside Assistance Market report [220+ Pages] @ https://www.custommarketinsights.com/report/vehicle-roadside-assistance-market/
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Vehicle Roadside Assistance market analysis.
The competitive environment of current and potential participants in the Vehicle Roadside Assistance market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Vehicle Roadside Assistance market should find this report useful. The research will be useful to all market participants in the Vehicle Roadside Assistance industry.
Managers in the Vehicle Roadside Assistance sector are interested in publishing up-to-date and projected data about the worldwide Vehicle Roadside Assistance market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Vehicle Roadside Assistance products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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About Custom Market Insights:
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