The global Vehicle Roadside Assistance Market Size stood at $28.1 billion in 2022 and is poised to register 5.64% growth over the forecast period from 2023 to 2030. Key market driving forces including increasing demand for hybrid and electric vehicles, rising demand for vehicle connectivity, rising number of accidents and launch of smartphone-based apps, and aging vehicle fleet continue to create opportunities for roadside assistance are identified among main market dynamics
Vehicle Roadside Assistance Market Analysis
The global vehicle roadside assistance market is one of the rapidly growing automotive markets worldwide. The market is in the early growth stage and will be characterized by multiple factors over the forecast period 2023 to 2030. In particular, the increased launch of smartphone apps specific to roadside assistance and the emphasis of automakers on end-to-end services support the market growth. Amidst the increasing number of road accidents, consumers are increasingly procuring vehicles with advanced safety systems, preferring services that involve online assistance to drivers when in need.
Amidst increasing household incomes across developing countries, rapid urbanization trends, and increasing commercial and construction activities are encouraging the demand for passenger cars and commercial vehicles across the Asia Pacific, and Latin American markets, which supports the demand for roadside assistance.
Large-scale sales of passenger cars from developing countries like China, India, South East Asia, Brazil, and other markets- these regions have become leading destinations for OEM and automotive suppliers. A large number of local and global service providers are expanding their operation bases across these markets. As a majority of these markets are price-sensitive, companies are focusing on introducing innovative features at relatively lower costs and packages.
Market Dynamics
Market Trend- Rising number of accidents and launch of smartphone-based apps
According to the WHO, approximately 1.3 million people die each year as a result of road traffic crashes. With increasing affordability among emerging countries, the number of vehicles, in particular, passenger cars is increasing rapidly. Similarly, long-distance driving in commercial vehicle drivers requires significant support from roadside assistance service providers.
Despite the incorporation of several safety measures, vehicle collisions are widely observed. An increase in vehicle accidents requires towing and other services. Further, tire replacement services, and lockout/key replacement services also are required in both commercial vehicles and passenger cars.
The rapid proliferation of smartphones is encouraging small and medium-scale companies to design apps for roadside assistance. Urgent.ly, OnStar, AAA, Blink Roadside, Waze, StrandD, and other applications are being marketed for different services. Further, several country-specific apps are being developed.
Market Driver- Increasing demand for hybrid and electric vehicles
The impact of electric vehicle sales is increasing significantly on the passenger car market, in particular, with European consumers continuing to procure electric vehicles. Governments across regions are encouraging the penetration of hybrid and battery-operated vehicles. The increasing sales of clean energy vehicles encourage drivers to opt for smart apps and service providers.
The Middle East and North African countries quickly recovered from the pandemic conditions but low vaccination in the Sub-Sahara African countries is resulting in a slow recovery in automotive EV sales.
Asian markets, on the other hand, remain the most potential segments for both ICE and EV car manufacturers. Rapid urbanization, and increasing purchasing power of households are encouraging sales of compact cars and SUVs, supporting the market outlook.
North American markets continue to quickly opt for vehicle roadside assistance driven by quick penetration of electric vehicles. Latin American countries are witnessing slow vaccination excluding Chile, which can slow the market outlook. Further, policy uncertainty in Argentina can also be challenging for the overall regional market development.
Market Segmentation
The global Vehicle Roadside Assistance Market is segmented into Types, Applications, and Countries.
Passenger cars are the largest type of Vehicle Roadside Assistance market in 2022
The global passenger car sales (volume in units) are expected to register a growth of 7.4% in 2023, slightly higher from the earlier estimates, due to a low base effect and the relatively less impact of the omicron variant of coronavirus. Both sales and production volumes will achieve positive growth and surpass the pre-pandemic levels during 2023. However, supply chain issues growth including the chipset availability, shipping delays, and others continue to challenge the market growth.
The impact of electric vehicle sales is increasing significantly on the passenger car market, in particular, with European consumers continuing to procure electric vehicles. The Middle East and North African countries are quickly recovering from the pandemic conditions but low vaccination in the Sub-Sahara African countries is resulting in a slow recovery in automotive sales. Asian markets, on the other hand, remain the most potential segments for both ICE and EV car manufacturers. Rapid urbanization and the increasing purchasing power of households are encouraging sales of compact cars and SUVs, supporting the market outlook. North American markets continue to face inventory challenges for the near-term future. Latin American countries are witnessing slow vaccination excluding Chile, which can slow the market outlook. Further, policy uncertainty in Argentina can also be challenging for the overall regional market development.
Towing Application holds the largest market share during the forecast period
Companies provide a wide range of professional towing services to meet end-user needs. Service providers are working closely with customers creating customized service and ensuring that the tow service arrives on time without delay. Services such as 24/7 assistance, heavy-duty towing service, recovery services, and corporate towing services are marketed by companies.
Investments in training and personal development program for handling towing, planning the best route, understanding local laws and regulations, and others remain key challenges for companies offering towing services.
Both local and long-distance towing services are gaining significant demand with consumers traveling long distances in the post-pandemic period. From abandoned vehicles in front of buildings, emergency roadside assistance, Freeway Service Patrol, towing of vehicles that have been wrecked, abandoned, or recovered, fleet services, disaster response management services, and other fleet services are offered by towing companies.
Offering quality towing services at reasonable prices is one of the widely marketed strategies of service providers across markets. Companies with a wide range of capabilities in handling diverse vehicle types are likely to gain quick penetration over the forecast period.
Europe is poised to register 5.39% CAGR growth over the forecast period from 2023 to 2030
Europe is the largest market for Vehicle Roadside Assistance, predominantly driven by purchases from Western European consumers. Germany is leading in the Europe Vehicle Roadside Assistance market worldwide.
Germany- Shift towards electric vehicles from hybrid vehicles will characterize the German market outlook. In the short term, the government plans to exclude hybrid vehicles from the incentive scheme, which will lower the demand for hybrid vehicles.
According to the German Insurance Association, more than 0.93 million claims of roadside assistance were reported in the country. Mobility restrictions, weaker consumer confidence, and low production activities stalled growth in the country during the COVID-19 pandemic. Germany has among the highest labor costs in the region, which encourages drivers to opt for packaged services for roadside assistance.
An increasing number of aging vehicles, increasing penetration of connected vehicles, and consumer preference for drive assistance encourage market growth. Specialized independent service providers also continue to gain significant business growth in the country. Several clubs offer club membership and roadside assistance in single premium, encouraging ease of penetration among drivers.
Segmentation
By Type
By Application
By Region
Key Players
Leading companies profiled in the study include-
Vehicle Roadside Assistance Market Outlook 2023
1 Market Overview
1.1 Introduction to Vehicle Roadside Assistance Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Vehicle Roadside Assistance Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Vehicle Roadside Assistance Market Companies with Area Served
4.2.2 Products Offerings Global Vehicle Roadside Assistance Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Vehicle Roadside Assistance Market Trends
6.1 Global Vehicle Roadside Assistance Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Vehicle Roadside Assistance Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Vehicle Roadside Assistance Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Vehicle Roadside Assistance Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Vehicle Roadside Assistance Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Vehicle Roadside Assistance Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Vehicle Roadside Assistance Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Vehicle Roadside Assistance Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Vehicle Roadside Assistance Development Regional Status and Outlook
8.1 Global Vehicle Roadside Assistance Revenue (USD Million) By Regions (2018-2022)
8.2 North America Vehicle Roadside Assistance Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Vehicle Roadside Assistance Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Vehicle Roadside Assistance Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Vehicle Roadside Assistance Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Vehicle Roadside Assistance Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Vehicle Roadside Assistance Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Vehicle Roadside Assistance Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Vehicle Roadside Assistance Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) by Applications (2018-2022)
8.5 South America Vehicle Roadside Assistance Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Vehicle Roadside Assistance Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Vehicle Roadside Assistance Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Vehicle Roadside Assistance Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Vehicle Roadside Assistance Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Vehicle Roadside Assistance Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Vehicle Roadside Assistance Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Vehicle Roadside Assistance Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Vehicle Roadside Assistance Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Vehicle Roadside Assistance Development Regional Status and Outlook Forecast
11.1 Global Vehicle Roadside Assistance Revenue (USD Million) By Regions (2023-2028)
11.2 North America Vehicle Roadside Assistance Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Vehicle Roadside Assistance Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Vehicle Roadside Assistance Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Vehicle Roadside Assistance Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Vehicle Roadside Assistance Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Vehicle Roadside Assistance Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Vehicle Roadside Assistance Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Vehicle Roadside Assistance Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million), by Applications (2023-2028)
11.5 South America Vehicle Roadside Assistance Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Vehicle Roadside Assistance Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Vehicle Roadside Assistance Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Vehicle Roadside Assistance Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Vehicle Roadside Assistance Market Companies with Areas Served
Table 3 Products Offerings Global Vehicle Roadside Assistance Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Vehicle Roadside Assistance Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Vehicle Roadside Assistance Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Vehicle Roadside Assistance Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Table 11 Global Vehicle Roadside Assistance Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Vehicle Roadside Assistance Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Vehicle Roadside Assistance Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Vehicle Roadside Assistance Market Share (%) By Regions (2018-2022)
Table 16 North America Vehicle Roadside Assistance Revenue (USD Million) By Country (2018-2022)
Table 17 North America Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Table 18 North America Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Vehicle Roadside Assistance Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Vehicle Roadside Assistance Revenue (USD Million) By Country (2018-2022)
Table 26 South America Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Table 27 South America Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Table 33 Global Vehicle Roadside Assistance Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Vehicle Roadside Assistance Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Vehicle Roadside Assistance Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Vehicle Roadside Assistance Revenue (USD)By Country (2023-2028)
Table 38 North America Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Table 39 North America Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Vehicle Roadside Assistance Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Vehicle Roadside Assistance Revenue (USD Million) By Country (2023-2028)
Table 47 South America Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Table 48 South America Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Vehicle Roadside Assistance Revenue Market Share (%) By Type (2022)
Figure 5 Global Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Vehicle Roadside Assistance Revenue Market Share (%) By Applications (2022)
Figure 7 Global Vehicle Roadside Assistance Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Vehicle Roadside Assistance Market Share (%) By Regions (2022)
Figure 9 North America Vehicle Roadside Assistance Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Vehicle Roadside Assistance Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Vehicle Roadside Assistance Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Vehicle Roadside Assistance Revenue Market Share (%) By Type (2028)
Figure 26 Global Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Vehicle Roadside Assistance Revenue Market Share (%) By Applications (2028)
Figure 28 Global Vehicle Roadside Assistance Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Vehicle Roadside Assistance Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Vehicle Roadside Assistance Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Vehicle Roadside Assistance Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Vehicle Roadside Assistance Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
The global Vehicle Roadside Assistance Market Size stood at $28.1 billion in 2022.
The market is poised to register 5.64% growth over the forecast period from 2023 to 2030
AA Ltd., Allianz Group, ARC Europe SA, Best Roadside Service, Falck AS, Generali Group, Good Sam Enterprises LLC, RAC Group (Holdings) Ltd., Sampo Plc, and The Allstate Corp
Passenger cars, Tire Replacement, and Asia Pacific are the fastest-growing segments in the market.