The global vehicle roadside assistance market was valued at USD 20.77 billion in 2022 and is expected to reach USD 36.24 billion in 2030, with a CAGR of 6.35% during the forecast period 2023-2030.

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A new report by Infinium Global Research dives deep into the global vehicle roadside assistance market, analyzing its various segments and sub-segments. It explores the impact of present and future trends, along with short and long-term economic factors on both the global and regional markets. This comprehensive report details market trends, forecasts future growth, and assigns dollar values to the global vehicle roadside assistance market.

The market encompasses a range of services offered to both commercial and private vehicle owners. These services include roadside repairs like fixing flat tires, fuel delivery, assistance with lockouts, and jump-starting stalled vehicles. The report identifies several factors driving market growth, including rising traffic congestion leading to more breakdowns, the increasing popularity of car subscriptions that bundle roadside assistance, and the development of advanced services like accident assistance, winching, and car rentals. However, the report also acknowledges potential challenges. The emergence of self-driving cars and car-sharing services could potentially reduce the demand for traditional roadside assistance in the long run.

Infinium Global Research's recent report provides a thorough examination of the global vehicle roadside assistance market. It delves into various market segments, analyzes current and future trends, and assesses the impact of short and long-term economic factors on both regional and global markets. This comprehensive report offers insights into market trends, future growth forecasts, and the overall value of the global vehicle roadside assistance market.

Market Dynamics

Drivers:

• Rising Traffic and Vehicle Population: Increasing vehicle ownership globally, in both developed and developing nations, leads to more congested roads and a higher likelihood of breakdowns, accidents, and flat tires. This growing pool of vehicles on the road translates to a greater demand for roadside assistance services.
• Complex Vehicle Technology: Modern vehicles are becoming increasingly reliant on complex computer and electronic systems. Minor technical issues in these systems can disable a car if not addressed promptly, further fueling the need for roadside assistance.
• Infrastructure Strain: The rising number of vehicles puts significant strain on existing road infrastructure, leading to increased congestion and traffic jams. This congestion creates a higher risk of accidents and malfunctions, further driving the demand for roadside assistance.
• Demand for Safety and Security: Drivers are increasingly seeking peace of mind and security on the road. Roadside assistance programs offer crucial support in emergencies, such as towing, jumpstarting, or roadside repairs, minimizing disruptions and potential safety risks.

Opportunities:

• Connected Vehicles: The growing adoption of connected vehicles presents a significant opportunity for the roadside assistance market. These vehicles can transmit real-time data about their condition, allowing providers to anticipate breakdowns and offer proactive assistance.
• Expanding Service Offerings: Roadside assistance providers can expand their service offerings to cater to the evolving needs of the market. This could include services like accident assistance, winching, car rentals, or even on-site minor repairs, offering greater convenience and value to customers.

Market Segmentation

By Vehicle Type:

• Commercial Vehicles: This segment caters to trucks, buses, and other large vehicles used for commercial purposes. Their roadside assistance needs may differ from passenger vehicles due to size, weight, and potential cargo concerns.
• Passenger Vehicles: This segment focuses on cars, SUVs, and other standard vehicles used for personal transportation.

By Service:

• Jump Start/Pull Start: Assistance with restarting a stalled vehicle due to a dead battery.
• Towing: Transporting a disabled vehicle to a repair shop or designated location.
• Fuel Delivery: Providing fuel to a vehicle that has run out on the road.
• Tire Replacement: Changing a flat tire or providing a spare tire.
• Lockout/Replacement Key Services: Assisting drivers who are locked out of their vehicles or require replacement keys.
• Other Services: This category may include winching, roadside repairs, accident assistance, and car rentals.

By Provider:

• Auto Manufacturer: Roadside assistance offered directly by car manufacturers, often bundled with new vehicle purchases or warranties.
• Motor Insurance: Roadside assistance included as a benefit within certain auto insurance policies.
• Independent Warranty: Roadside assistance offered by independent warranty companies as part of extended vehicle warranty packages.
• Automotive Clubs: Membership-based organizations offering roadside assistance as a core service, along with other benefits like discounts on repairs and travel services.

Regional Analysis:

Europe: This region is expected to hold the largest market share throughout the forecast period. Key drivers include:

• Rising car sales and a large existing vehicle population on European roads.
• Growing disposable income allowing for car ownership and roadside assistance subscriptions.
• Consumer preference for luxury vehicles that may be more susceptible to breakdowns.
• High standards of living and emphasis on convenience, making roadside assistance a desirable service.

Asia Pacific: This region is anticipated to experience significant growth due to:

• Rapidly aging vehicle population on the roads.
• Surging sales of both new and used passenger vehicles, particularly in countries like China, India, and ASEAN nations.
• Growing middle class with increasing disposable income for car ownership and roadside assistance services.

North America: This established market is expected to see steady growth driven by factors like:

• High vehicle ownership rates and mature roadside assistance infrastructure.
• Technological advancements in connected vehicles creating opportunities for new services.
• Rest of the World (RoW): This region presents emerging opportunities due to:
• Growing economies in some countries leading to rising car ownership.
• Increasing urbanization creating demand for reliable transportation and roadside assistance services.

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• ARC Europe SA
• Viking Assistance Group
• Swedish Auto
• Allianz Global Assistance
• Agero, Inc.
• Best Roadside Service
• Future Generali India Insurance Company Ltd
• HONK Technologies
• SOS International AB
• AutoVantage

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The future outlook for the vehicle roadside assistance market appears promising, driven by factors like rising traffic congestion, increasingly complex vehicle technology, and growing demand for safety and security on the road. The report predicts continued market growth through 2030.  Furthermore, the emergence of connected vehicles presents exciting opportunities for proactive assistance and the development of new service offerings. However, limitations in coverage and geographic restrictions for roadside assistance plans may hinder growth to some extent. By addressing these limitations and capitalizing on trends like connected car technology, roadside assistance providers can solidify their position in a growing and evolving market.

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The Infinium Global Research report paints a comprehensive picture of the global vehicle roadside assistance market, diving deep into various segments, sub-segments, and regional trends. It analyzes the impact of present and future considerations, along with both short-term and long-term economic factors that influence growth on a global and regional scale. The report offers valuable insights into market trends, future growth forecasts, and the overall market value

The report highlights the increasing number of vehicles on the road, driven by factors like rising disposable income and rapid urbanization. This surge translates into a growing demand for roadside assistance services, as more people seek peace of mind and security on the road. The complexity of modern vehicles with advanced computer systems further fuels this demand, as minor technical issues can quickly disable a car.