Global Vehicle Roadside Assistance Market 2025 – 2034

Reports Description

The global Vehicle Roadside Assistance Market was estimated at USD 23.6 billion in 2021 and is expected to reach USD 25.23 billion in 2022 and is anticipated to reach around USD 34.8 billion by 2030, growing at a CAGR of roughly 4.1% between 2022 and 2030.

The global Vehicle Roadside Assistance Market research report offers an in-depth analysis of the global market size, which is further segmented into the regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.

Vehicle Roadside Assistance Market: Overview

Roadside assistance for small and large vehicle segments is projected to grow in the coming years because the developments in vehicle infrastructure are massive, and the demand for roadside assistance in remote areas has gained a lot of attention.

The facility incurs a lot of features that need to be addressed in a stranded situation. These days, a lot of general insurance providers offer add-on covers that encourage vehicle owners to buy a floated insurance cover for their vehicles. In addition, vehicle owners travel hassle-free without any worries of getting stranded during an emergency situation. Besides, from the commercial standpoint, the market conditions are favorable for organic growth based on the fact that the vehicle industry witnessed a surge in demand for auto insurance in the past few years.

Vehicle Roadside Assistance Market: COVID–19 Impact Analysis

The outbreak of COVID-19 has severely affected various industries globally, owing to travel restrictions, trade bans, and lockdown imposed by the majority of governments during 2020. The vehicle insurance industry witnessed a setback in 2020 as the market conditions remained unpredictable till the first quarters of 2021. However, in 2020, the insurance industry witnessed a steady growth as vehicle purchases remained high despite latency in the passing of the vehicles that eventually impacted the buying process of auto insurance.

On the other hand, in the early quarters of 2021, as markets attempted to reopen and operate a full capacity, the auto industry underwent numerous transformations and experienced a shift in consumer mindset. As an example, 6 out of 10 consumers chose add-on covers in their insurance packages. Going forward, as the auto industry witnesses huge demand, market conditions are projected to turn favorable with more consumer spending on general insurance.

Vehicle Roadside Assistance Market: Growth Drivers

Technological advancements in the vehicle roadside assistance industry

The vehicle roadside assistance industry witnessed huge growth in terms of technological transformation. The demand for roadside connectivity has grown in the past few years and is mainly driven by the improvements to communication technology in the auto industry. Automated solutions, attractive offers, and a high commitment to service are some of the factors driving the market growth.

The use of chatbots, automated surveys and improved customer service is projected to continue as a positive scenario for consumers. As consumers prefer convenience to avail of roadside assistance, insurance providers and third-party vendors are likely to cater to consumer demand.

Growing consumer base to enlarge the market growth 

An increase in consumer base is one of the significant factors contributing to market developments. Digitalization in the auto industry has enabled new avenues for several auto companies to offer remote vehicle services to consumers via mobile applications and other platforms.

In addition, the consumer lookout on the increasing rate of road traffic, vehicle breakdown, and traffic congestion exerts a positive influence and results in opting a full insurance coverage. Besides, the urban population exhibits the trend of picking up short drives to nature and remote areas as a leisure activity has a huge significance on the market growth thereby resulting in having roadside assistance as a backup.

Vehicle Roadside Assistance Market: Segmentation Analysis

The Vehicle Roadside Assistance Market is categorized into vehicle type and service. By vehicle type, the passenger vehicle market was estimated to be the largest segment in the Vehicle Roadside Assistance Market and is expected to be the largest segment throughout 2025-2034. By service, the towing segment is estimated to hold the largest market share throughout the forecast period.

Report Scope

Key Insights:

• As per the analysis shared by our research analyst, the Vehicle Roadside Assistance Market is estimated to grow annually at a CAGR of around 4.1% over the forecast period (2025-2034).
• In terms of revenue, the Vehicle Roadside Assistance Market size was valued at around USD 23.6 billion in 2021 and is anticipated to reach around USD 34.8 billion by 2030, growing at a CAGR of 4.1% till and 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on vehicle type, the passenger vehicle segment was predicted to show maximum market share in the year 2021.
• Based on service, the towing segment was the leading revenue-generating category in 2021.
• On the basis of geography/region, the Asia Pacific region was the leading revenue generator in 2021.

Recent Developments

• July 2022: Renault India announced that it will be having a full-week service camp at all dealerships
• April 2022: Crayon Motors recently announced to initiation of roadside assistance in partnership with Global Assure. This service would be offered pan-India says, company officials.

Regional Landscape

The Vehicle Roadside Assistance Market is dominated by the Asia Pacific region, followed by North America. The market for Vehicle Roadside Assistance Industry in North America is witnessing growth attributed to the increasing demand for roadside assistance in the countryside. Moreover, the rise in competition among the key players remains one of the crucial factors to the regional market growth. The presence of consumers with significant spending for roadside assistance, and the need for mandated insurance coverage in the U.S. is also pivotal to the market developments.

Competitive Landscape

Leading players operating in Vehicle Roadside Assistance Market are focused on constant innovations to distinguish and personalize their offerings for potential users. Some of the key strategies expected to take place in the market during the forecast years include mergers and acquisitions, new offerings, and partnerships.

Our report offers both quantitative and qualitative insights into the Vehicle Roadside Assistance Market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

The global Vehicle Roadside Assistance Market is segmented as follows:

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
  • Hatchback
  • Sedan
  • Utility Vehicles

By Region/Geography

North America

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

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America