North America Roadside Assistance Market Size Likely to Surpass at a CAGR of 4.4% By 2033

As per the current market research conducted by the CMI Team, the North America Roadside Assistance Market size is expected to record a CAGR of 4.4% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 2,911 million. By 2032, the valuation is anticipated to reach USD 4,471.2 million.

North America Roadside Assistance Market: Growth Factors and Dynamics

• The World Bank estimates that approximately 5.0 billion people, or 58% of the world’s population, live in urban areas. The urban population is expected to more than double by 2050, according to projections, indicating that this trend will continue. The need for roadside assistance services has increased as a result of rising urbanization and increasing traffic congestion. There are more breakdowns and emergencies in urban areas because there are fewer parking spaces, the roads are more complicated, and there are more cars. Urban dwellers frequently rely on their vehicles for their time-sensitive lifestyles because they have few DIY repair options. In cities, the need for roadside assistance services is further fueled by safety concerns and the requirement for availability round-the-clock.

• The auto repair industry has been transformed by the introduction of on-demand services based on smartphone apps. These services enable customers to request quick assistance and schedule repairs without having to leave their homes or workplaces. This development has greatly improved the customer experience as a whole, reduced wait times, and made it easier to locate nearby repair shops. Customers now have easy access to the entire range of services thanks to this integration. Companies can provide quick and convenient assistance, proactive maintenance services, and additional offerings like fuel delivery, car washing, and online rental car pickup by integrating car data and the power of connected vehicles. In addition, market expansion is being fueled by in-car delivery service partnerships with e-commerce businesses.

• The compensation per-use service of the side of the road vehicle help is probably going to control the market development. This is primarily because users are required to pay service charges per use in addition to the service and labor fees that are included in the membership plan. All of the services are included in each service provider’s membership plan, but each player has their own terms and conditions.

Report Scope

North America Roadside Assistance Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the North America Roadside Vehicle Assistance market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• The outbreak of Coronavirus has negatively affected the roadside assistance market inferable from the impermanent stoppage of manufacturing units because of forced lockdowns, inaccessibility of labor supply, and decreased market interest. However, due to the constraints due to the novel COVID-19, this market is projected to help reliably during the forecast period.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Roadside Assistance market, with some challenges and opportunities arising from the pandemic. Manufacturers need to remain agile and adapt to the changing market conditions to overcome these challenges and capitalize on new growth opportunities.

List of the prominent players in the North America Roadside Assistance Market:

• Allstate Insurance Company
• AAA
• Agero Inc.AutoVantage
• Roadside Masters
• Paragon Motor Club
• Good Sam Enterprise LLC
• Access Roadside Assistance
• Better World Club
• Emergency Road Services Corporation
• Honk technologies
• Others

The North America Roadside Assistance Market is segmented as follows:

By Service

• Towing
•  Flat Tire
• Jump Start
• Lockout
• Fuel Delivery
• Collision Assistance
• Soft Repair
• Tire Replacement
• Battery Replacement
• EV Charging
• Fluid Delivery
• Mobile Repair

By Provider

• Motor Insurance
• Auto Manufacturer
• Automotive Clubs
• Independent Warranty

By Vehicle

• Commercial Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
• Passenger Vehicles
  • Hatchback
  • Sedan
  • Utility Vehicles

On the basis of North America Geography

• U.S
• Canada
• Mexico
• Rest of North America