by The global Vehicle Roadside Assistance market size is expected to surpass around US$ 30 billion by 2027 and the market is expected to garner growth at a CAGR of 3.92% over the forecast period 2021 to 2027.
The Vehicle Roadside Assistance market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.
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Growth Factors
Rising number of accidents and vehicle collisions is the major factor driving the vehicle roadside assistance market. As per World Heallth Organization (WHO), approximately 1.35 Mn people die from road traffic crashes every year. Further, 93% of the world on-road fatalities occur on middle and low income countries, even though the 60% of global vehicle are concentrated in those countries.
Moreover, increasing demand for hybrid and electric vehicles along with rising demand for connectivity solution in vehicles expected to fuel the vehicle roadside assistance market growth. Real-time highway alert, telematics systems, sensors, in-built wifi system, global positioning system are some of the advanced vehicle solutions that manufacturers now incorporate in their vehicles to enhance the driver experience. These systems are electronic-controlled and may experience issue at any time. Therefore, aforementioned factors contribute to the growth of the vehicle roadside assistance market.
Nonetheless, extra money charged by the service providers on pay per service may hinders the growth of the market. Every service providers have their membership plan under which they cover all the roadside assistance and emergency services, besides this they charge extra money for each service provided.
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Market Overview
A recent study by Precedence Research on the Vehicle Roadside Assistance market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Vehicle Roadside Assistance market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Vehicle Roadside Assistance. The study also provides the dynamics that are responsible for influencing the future status of the Vehicle Roadside Assistance market over the forecast period.
A detailed assessment of the Vehicle Roadside Assistance market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Vehicle Roadside Assistance market along with their product portfolio enhances the reliability of this comprehensive research study.
Report Highlights
- Asia Pacific seeks to be the most opportunistic market during the forecast period. Prime factors attributed to this are augmented per capita income, significant number of automotive sales, and rising adoption of electronic assistance features in the vehicle.
- Europe led the global vehicle roadside assistance market in terms of revenue share in 2019. The region is the hub of automotive manufacturers and register significant adoption of advanced vehicle assistance feature by the drivers that in turn fuels the market growth.
- By service, towing service encountered maximum revenue share in the global vehicle roadside assistance market in 2019. It is the most common emergency service offered by the service providers due to fatal roadside accidents and collisions. Furthermore, advanced towing devices have provided ease in the towing service that adds as an advantage to the toeing service market.
- Passenger vehicle captured maximum revenue share in the global vehicle roadside assistance market. Rising sales of passenger vehicles and increased number of vehicle registration has triggered the growth of passenger vehicles in the vehicle roadside assistance market.
- Europe was one of the prime revenue contributor in the global vehicle roadside assistance market in 2019 and expected to flourish significantly during the forecast period. Increased number of vehicle registration and sales in the past few years has enormously added to the market growth. Besides this, cold climate of Europe leads to vehicle breakdown or battery drain out that supports the highway vehicle services and boosts the demand for vehicle roadside assistance market.
OBJECTIVES OF THE STUDY
- To analyze and forecast the electric motor market, in terms of value and volume
- To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
- To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
- To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To strategically profile key players and comprehensively analyze their core competencies
- To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market
Research Methodology
- Market estimate for 2020
- Average selling price (ASP) per region for specific product type
- Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
- Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
- National government documents, statistical databases
- News articles, press releases, and webcasts specific to companies operating in the market
- Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
- Determination of market penetration by country
Major Players Covered in this Report
The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Major key players operating in the market are
- Viking Assistance Group AS
- ARC Europe SA
- Swedish Auto
- SOS International A/S
- Allianz Global Assistance
- Falck A/S
- Allstate Insurance Company
- AAA
- Agero, Inc.
- Best Roadside Service
- AutoVantage
- Roadside Masters
- Paragon Motor Club
- Good Sam Enterprise, LLC
- Access Roadside Assistance
- Better World Club
- Emergency Road Services Corporation
- Honk technologies
- National General Insurance
- span wings
- LY INC.
- Twenty Four OTR Pvt Ltd
- TVS Auto Assist India Limited
- ASSURANT, INC.
- RESCUE Vehicle Services Private Ltd.
- Emirates Insurance Co. (PSC)
- CHUBB LIMITED
- Prime Assistance Inc.
- Arabian Automobile Association
Segments Covered in the Report
By Service
- Tire Replacement
- Towing
- Jump Start/Pull Start
- Fuel Delivery
- Lockout/Replacement Key Service
- Battery Assistance
- Winch
- Trip Routing/Navigational Assistance
- Other Mechanic Service
By Provider
- Motor Insurance
- Auto Manufacturer
- Automotive Clubs
- Independent Warranty
By Vehicle
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Passenger Vehicles
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Why should you invest in this report?
If you are aiming to enter the global Vehicle Roadside Assistance market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for plastic compounds are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Vehicle Roadside Assistance Market, By Service
7.1. Vehicle Roadside Assistance Market, by Service Type, 2020-2027
7.1.1. Tire Replacement
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Towing
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Jump Start/Pull Start
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Fuel Delivery
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Lockout/Replacement Key Service
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Battery Assistance
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Winch
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Trip Routing/Navigational Assistance
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Other Mechanic Service
7.1.9.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Vehicle Roadside Assistance Market, By Provider
8.1. Vehicle Roadside Assistance Market, by Provider, 2020-2027
8.1.1. Motor Insurance
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Auto Manufacturer
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Automotive Clubs
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Independent Warranty
8.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Vehicle Roadside Assistance Market, By Vehicle Type
9.1. Vehicle Roadside Assistance Market, by Vehicle Type, 2020-2027
9.1.1. Commercial Vehicle
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Passenger Vehicles
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Vehicle Roadside Assistance Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.2. Market Revenue and Forecast, by Provider (2016-2027)
10.1.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Service (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Provider (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Service (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Provider (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Service (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Provider (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Service (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Provider (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Service (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Provider (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
Chapter 11. Company Profiles
11.1. Viking Assistance Group AS
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. ARC Europe SA
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Swedish Auto
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. SOS International A/S
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Allianz Global Assistance
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Falck A/S
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Allstate Insurance Company
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. AAA
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Agero, Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Best Roadside Service
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. AutoVantage
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Roadside Masters
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. Paragon Motor Club
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
11.14. Good Sam Enterprise, LLC
11.14.1. Company Overview
11.14.2. Product Offerings
11.14.3. Financial Performance
11.14.4. Recent Initiatives
11.15. Access Roadside Assistance
11.15.1. Company Overview
11.15.2. Product Offerings
11.15.3. Financial Performance
11.15.4. Recent Initiatives
11.16. Better World Club
11.16.1. Company Overview
11.16.2. Product Offerings
11.16.3. Financial Performance
11.16.4. Recent Initiatives
11.17. Emergency Road Services Corporation
11.17.1. Company Overview
11.17.2. Product Offerings
11.17.3. Financial Performance
11.17.4. Recent Initiatives
11.18. Honk technologies
11.18.1. Company Overview
11.18.2. Product Offerings
11.18.3. Financial Performance
11.18.4. Recent Initiatives
11.19. National General Insurance
11.19.1. Company Overview
11.19.2. Product Offerings
11.19.3. Financial Performance
11.19.4. Recent Initiatives
11.20. Span Wings
11.20.1. Company Overview
11.20.2. Product Offerings
11.20.3. Financial Performance
11.20.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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