Automotive Roadside Assistance Market Scope
Automotive roadside assistance helps with problems ranging from a lack of petrol to a mechanical breakdown. For example, if an insured vehicle is stalled due to a flat tire, a vehicle technician will assist the driver in replacing the flat tire with the car's stepney tire at the breakdown spot. On national highways, state highways, and city motor able roads, vehicle roadside assistance is accessible. Roadside help refers to the assistance given to any vehicle that breaks down while on the road. Droom is in charge of the quick Car Roadside Assistance that is required. Finding towing service near me, on-the-spot vehicle repair, auto helpline service, refilling the car, relocating the vehicle to the nearest garage, Bike Breakdown Service, medical support, and much more are all part of the promise of 24x7 roadside assistance.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Progressive (United States), AAA (United States), Better World Club (United States), USAA (United states), Geico (United States), CARCHEX (United States), Allstate Motor Club (United States), AARP (United States), OnStar (United States) and American Express (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Automotive Roadside Assistance market throughout the predicted period.
Progressive (United States), AAA (United States), Better World Club (United States), USAA (United states), Geico (United States), CARCHEX (United States), Allstate Motor Club (United States), AARP (United States), OnStar (United States) and American Express (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automotive Roadside Assistance market by Type , by Application (Passenger Car and Commercial Vehicle) and Region with country level break-up.
On the basis of geography, the market of Automotive Roadside Assistance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2023, Progressive Insurance, a leading commercial auto insurer, and leading truck insurer, made Heavy Truck Roadside Assistance available as an option to commercial auto customers. A direct response to market research on preferred truck coverage needs, the HT RSA helps cover towing and labor costs at sites of failure. Working with TTN Fleet Solutions, which operates an extensive network of heavy equipment service providers, Progressive is now able to provide roadside assistance to commercial vehicle customers with large vehicles, including tractor-trailers, dump trucks, and straight trucks, in most policy conditions.
Influencing Trend:
Increasing Demand For Automotive Solutions Including Vehicle Safety
Market Growth Drivers:
Surge In Demand For Vehicle Connectivity Solutions Steering Growth and Growing Demand For Commercial Vehicle
Challenges:
Lack Awareness Of Automotive Roadside Assistance Among People
Restraints:
Lack Of Service Available In Rural Area
Opportunities:
Rapidly Expansion Of Automotive Industry
Key Target Audience
Automotive Roadside Assistance Developer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others