ALBANY, New York, June 17, 2020
- The passenger vehicle and the towing service segments to lay claim to a sizeable share of the global vehicle roadside assistance market over the forecast period
- Increase in production of automobiles, and in installation of app-based services to drive significant growth. Asia Pacific and Europe to be lucrative markets
ALBANY, New York, June 17, 2020 /PRNewswire/ -- Vehicle breakdown on the road is a common occurrence and this keeps the market for roadside assistance buoyant. Additionally, with an increase in production of automobiles, the demand for it would increase further. From 2019 to 2027, the global vehicle roadside assistance market would grow at a rate of 3.96%, compounded annually.
As per Transparency Market Research, "The market is driven forward by increasing number of ageing vehicles on the road in a major way. Additionally, technological development has paved way for better response time, pushing up demand for these services massively."
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Key Findings of Global Vehicle Roadside Assistance Market Study:
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on Vehicle Roadside Assistance Market (Service - Towing, Tire Replacement, Fuel Delivery, Jump Start/Pull Start, Lockout/ Replacement Key Service, Winch, Battery Assistance, Trip Routing/ Navigational Assistance, Other Mechanic Service; Provider - Auto Manufacturer, Motor Insurance, Independent Warranty, Automotive Clubs; Vehicle - Passenger Vehicle, Commercial Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/vehicle-roadside-assistance-market.html
Key Drivers of Growth in Global Vehicle Roadside Assistance Market:
Transparency Market Research notes a number of prominent growth factors in the global vehicle roadside assistance market landscape. Some of the prominent ones are outlined below:
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Regional Growth in Global Vehicle Roadside Assistance Market:
Analyze global vehicle roadside assistance market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of Global Vehicle Roadside Assistance Market:
The global vehicle roadside assistance market is highly competitive and the presence of a large number of players makes it fragmented. Top players are focused on tapping into new consumer bases and improvement in sales.
Some of the top players that are profiled by Transparency Market Research in the report prepared are ARC Europe SA, Viking Assistance Group AS, SOS International A/S, Swedish Auto, Falck A/S, Allianz Global Assistance, AAA, Agero, Inc., Allstate Insurance Company, AutoVantage, Best Roadside Service, Paragon Motor Club, Roadside Masters, Access Roadside Assistance, Good Sam Enterprise, LLC, Emergency Road Services Corporation, Better World Club, National General Insurance, Honk technologies, URGENT.LY INC., span wings, TVS Auto Assist India Limited, Twenty Four OTR Pvt. Ltd., RESCUE Vehicle Services Private Ltd., ASSURANT, INC., CHUBB LIMITED, Emirates Insurance Co. (PSC), Arabian Automobile Association, and Prime Assistance Inc.
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The global Vehicle Roadside Assistance is segmented based on:
Explore Transparency Market Research's award-winning coverage of the Global Automotive & Transport Industry:
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