PUBLISHER: TechNavio | PRODUCT CODE: 1517074
PUBLISHER: TechNavio | PRODUCT CODE: 1517074
The vehicle roadside assistance market is forecasted to grow by USD 10201.9 mn during 2023-2028, accelerating at a CAGR of 7.44% during the forecast period. The report on the vehicle roadside assistance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of road accidents, increasing availability of app-driven services, and aging vehicle fleet with massive number of vehicles in use.
Technavio's vehicle roadside assistance market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.4% |
CAGR | 7.44% |
Incremental Value | $10201.9mn |
By Application
By Service
By Geographical Landscape
This study identifies the rising demand for vehicle connectivity solutions as one of the prime reasons driving the vehicle roadside assistance market growth during the next few years. Also, increasing demand for luxury vehicles and increasing adoption of EVs will lead to sizable demand in the market.
The report on the vehicle roadside assistance market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vehicle roadside assistance market vendors that include AA Ltd., Agero Inc., ALD SA, Allianz SE, American Automobile Association Inc., ARC Europe SA, Assicurazioni Generali S.p.A., AutoVantage, Best Roadside Service, Camping World Holdings Inc., Falck Danmark AS, Honk Technologies Inc., Paragon Motor Club Inc., Prime Assistance Inc., RAC Group Holdings Ltd., Roda Assistance Pvt. Ltd., Sompo Holdings Inc., SOS International AS, The Allstate Corp., and Uber Technologies Inc.. Also, the vehicle roadside assistance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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