As per the current market research conducted by the CMI Team, the US Vehicle Roadside Assistance Market size is expected to record a CAGR of 4.5% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 2156.3 million. By 2032, the valuation is anticipated to reach USD 3346.2 million.
US Vehicle Roadside Assistance Market: Growth Factors and Dynamics
- The expansion in the number of vehicles, with the age of more than 10 years, is more prone to deal with mechanical and electric issues, which has considerably added to the market development. Further, the ascent for per capita pay of customers, bringing down vehicle credit loan fees, and more noteworthy accessibility of money with tailor-made plans have prompted an ascent in the number of vehicles on the street as well as the buying influence of purchasers for such helping administrations. Vehicle makers likewise have fostered a more noteworthy tendency towards roadside vehicle assistance for their customers. Besides, outrageous weather conditions influence a great many drivers, for example, rainfalls, and frosty and frigid landscapes across a few countries making driving circumstances incredibly unsafe with a high gamble of street mishaps. This principally drives up the market in such regions.
- Significant expense of roadside assistance and the absence of infrastructure in far off regions might confine the development throughout the next few years. To counter cost-related concerns, membership plans where the service is substantial for one and more years rather than per use technique is broadly taken on to help the market development throughout the next few years.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 2247.1 Million |
| Projected Market Size in 2032 | USD 3346.2 Million |
| Market Size in 2022 | USD 2156.3 Million |
| CAGR Growth Rate | 4.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Service, Provider, Vehicle and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Country Scope | US |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
US Vehicle Roadside Assistance Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the US roadside assistance market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
With the development in travel and tourism, the interest in the Vehicle Emergency aides Industry is additionally developing. Vehicle Emergency aides Industry websites and applications offer a helpful stage to clients, permitting them to have a wide assortment of choices accessible according to their necessities and spending plans.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Vehicle roadside assistance market, with some challenges and opportunities arising from the pandemic. Market players 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 US Vehicle Roadside Assistance Market:
- Roadside Masters
- Paragon Motor Club
- Good Sam Enterprise LLC
- Emergency Road Services Corporation
- Honk technologies
- Access Roadside Assistance
- Better World Club
- Allstate Insurance Company
- AAA
- Agero Inc.
- AutoVantage
- Others
The US Vehicle 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 US Geography
- Northeast Region
- Southeast Region
- Midwest Region
- West Coast Region
- Southwest Region
- Mountain States