The Global Vehicle Roadside Assistance Market Size accounted for USD 25.9 Billion in 2023 and is estimated to achieve a market size of USD 40.1 Billion by 2032 growing at a CAGR of 5.1% from 2024 to 2032.
Vehicle Roadside Assistance Market (By Service: Towing, Fuel Delivery, Jump Start/Pull Start, Lockout/ Replacement Key Services, Battery Assistance, Trip Routing/ Navigational Assistance, Winch, Tire Replacement, Other Mechanic Services; By Provider: Motor Insurance, Independent Warranty, Auto Manufacturer, Automotive Clubs; By Vehicle: Commercial Vehicle, Passenger Vehicle, and By Region: North America, Europe, Asia-Pacific, Latin America, and MEA)
Vehicle Roadside Assistance Market Highlights
Vehicle roadside assistance may aid with a range of situations, including fuel shortages and technical failures. For example, if a driver has a flat tire, a technician is dispatched to the scene to replace it using the vehicle's spare tire. These services are available on all national highways, state highways, and motorable streets in metropolitan areas. Roadside support also includes battery jumpstarts, lockout assistance, and emergency fuel deliveries. Providers often use mobile apps, phone services, or integrated car telematics. This assures prompt and effective assistance, lowering driver stress and minimizing delays.
Global Vehicle Roadside Assistance Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Vehicle Roadside Assistance Market Report Coverage
Market | Vehicle Roadside Assistance Market |
Vehicle Roadside Assistance Market Size 2022 |
USD 25.9 Billion |
Vehicle Roadside Assistance Market Forecast 2032 | USD 40.1 Billion |
Vehicle Roadside Assistance Market CAGR During 2023 - 2032 | 5.1% |
Vehicle Roadside Assistance Market Analysis Period | 2020 - 2032 |
Vehicle Roadside Assistance Market Base Year |
2022 |
Vehicle Roadside Assistance Market Forecast Data | 2023 - 2032 |
Segments Covered | By Service, By Provider, By Vehicle, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Agero, Inc., American Automobile Association, Ford Motor Company, SOS International A/S, Chevrolet, Prime Assistance Inc., Best Roadside Service, Allstate Insurance Company, Allianz Partners, Access Roadside Assistance, National General Motor Club, GEICO, ARC Europe, Liberty Mutual Insurance, Viking Assistance Group AS, Nissan Motor Corporation. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Vehicle Roadside Assistance Market Insights
The rising number of car-related difficulties leads to a significant demand for the vehicle roadside assistance sector. The growing number of vehicle issues, such as tire blowouts, worn tires, faulty/wear brake lines, and so on, drives up demand for roadside help. As the incidence of car breakdowns increases, there is a greater demand for vehicle roadside help.
According to a survey provided by the United States Department of Transportation, car breakdowns are a common occurrence on highways, accounting for more than 80% of all accidents. The aforementioned reasons contribute positively to the overall growth of the global automobile roadside assistance market.
The integration of self-driving auto support systems represents a significant growth opportunity for the vehicle roadside assistance business. As self-driving cars become more popular, the demand for real-time monitoring and assistance will rise, allowing service providers to offer preventive support such as remote diagnostics and automated troubleshooting. This modification will not only improve safety, but will also streamline the roadside assistance system, resulting in shorter response times and more customer satisfaction. Furthermore, using future technologies like AI and IoT would allow for more efficient resource allocation, boosting growth in this sector.
Vehicle Roadside Assistance Market Segmentation
The worldwide market for vehicle roadside assistance is split based on service, provider, vehicle, and geography.
Vehicle Roadside Assistance Services
According to the vehicle roadside assistance industry analysis, the towing category is predicted to account for approximately 33% of the market by 2032. Towing is included in the basic roadside assistance package, and it is becoming increasingly popular in the global market. Towing has acquired major attention in the global market as a result of numerous occurrences of flat tires, tire explosions, tire punctures, and so on, all of which contribute to the expansion of the global vehicle roadside assistance industry.
Vehicle Roadside Assistance Providers
According to the provider, the motor insurance category will account for a significant percentage of the worldwide vehicle roadside assistance market growth. All new automobiles sold in the United States come with at least two auto warranties, and many also include roadside assistance coverage. This is one of the primary elements contributing to segmental expansion, which in turn leads to positive growth in the global vehicle roadside assistance market overall.
Vehicle Roadside Assistance Vehicle Types
According to the vehicle roadside assistance market forecast, the passenger vehicle sector is expected to account for over 70% of the market in 2032. For instance, according to India Brand Equity Foundation, in April 2024, the total output of passenger vehicles, three-wheelers, two-wheelers, and quadricycles was 23,58,041. Rising transportation activity and fast industrialization have resulted in tremendous expansion in passenger automobiles over the years.
Vehicle Roadside Assistance Market Regional Outlook
North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
Vehicle Roadside Assistance Market Regional Analysis
For several reasons, Europe maintains its dominance, while Asia Pacific is expected to have the fastest increasing CAGR in coming years. Collaboration among key producers boosts Europe’s market growth. For instance, in June 2023, Stellantis inked a five-year agreement with the RAC to provide roadside assistance to all Stellantis users in the United Kingdom and the Republic of Ireland. When the user presses the emergency SOS or breakdown button in a Stellantis vehicle, they will receive all essential support.
Europe will continue to dominate the vehicle roadside assistance industry till the end of the forecast period since motorways in France and other European countries are privately controlled. Furthermore, reimbursement payments for vehicle towing are available, making it a profitable area for total industry growth.
In contrast, Asia-Pacific is predicted to have the fastest-growing CAGR in the vehicle roadside assistance market over the next few years. For instance, September 2022, FixiGo, an automobile repair platform, collaborates with Roadzen, an insurance business, to launch 24 hour roadside assistance services in India. This partnership will provide Fixigo with access to Roadzen's network of workshops, allowing it to expand service coverage throughout all Indian states and enter the roadside assistance market. This is due to increased demand for vehicles as per capita expenditure rises, which is one of the primary drivers of regional growth.
Vehicle Roadside Assistance Market Players
Some of the top vehicle roadside assistance companies offered in our report include Agero, Inc., American Automobile Association, Ford Motor Company, SOS International A/S, Chevrolet, Prime Assistance Inc., Best Roadside Service, Allstate Insurance Company, Allianz Partners, Access Roadside Assistance, National General Motor Club, GEICO, ARC Europe, Liberty Mutual Insurance, Viking Assistance Group AS, and Nissan Motor Corporation.
The vehicle roadside assistance market size was valued at USD 25.9 billion in 2023.
The CAGR of vehicle roadside assistance is 5.1% during the analysis period of 2024 to 2032.
The key players operating in the global market are including Agero, Inc., American Automobile Association, Ford Motor Company, SOS International A/S, Chevrolet, Prime Assistance Inc., Best Roadside Service, Allstate Insurance Company, Allianz Partners, Access Roadside Assistance, National General Motor Club, GEICO, ARC Europe, Liberty Mutual Insurance, Viking Assistance Group AS, Nissan Motor Corporation.
Europe held the dominating position in vehicle roadside assistance industry during the analysis period of 2024 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for market of vehicle roadside assistance during the analysis period of 2024 to 2032.
The current trends and dynamics in the vehicle roadside assistance industry include increasing vehicle ownership and rising road traffic globally, growing reliance on technology-driven services like mobile apps for quicker assistance, and inclusion of roadside assistance in insurance packages and auto warranties.
The towing service held the maximum share of the vehicle roadside assistance industry
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