Connected Roadside Assistance Solution Market 2022: Industry Insights

By 2032, the market for Connected Roadside Assistance Solutions Market is expected to develop significantly and reach a value of $5,638.9 million. The market is driven by factors such as the rising demand for real-time notification and alerts, the emergence of mobile devices and Internet of Things (IoT) technology, and the escalating needs for seamless roadside assistance around the world. It is expected to grow at a strong annual rate of 13.7% between 2022 and 2032.

The need for reliable and linked roadside assistance solutions has grown urgent as the world's car population keeps rising. Drivers increasingly anticipate real-time warnings and alerts in the event of emergencies or breakdowns because to the widespread usage of mobile devices and the incorporation of innovative technologies. In order to provide quick reaction times, enable instant communication between vehicles and service providers, and ensure the safety and convenience of drivers, connected roadside assistance solutions use the IoT's capability.

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The roadside assistance industry has undergone a revolution thanks to the quick development of mobile and IoT technology. Drivers can easily access a variety of services, such as emergency towing, tyre changes, fuel delivery and locksmith services, through connected roadside assistance solutions. These solutions easily find drivers in trouble and dispatch the closest helpers by utilising mobile applications and GPS tracking systems. Vehicles may transmit real-time data to service providers with the seamless integration of IoT technology, enabling preventive maintenance and lowering the risk of breakdowns.

Highlighted with 120 tables and 80 figures, this 190-page report “Global Connected Roadside Assistance Solution Market 2022-2032 by Offering, Vehicle Type, Service Type, Solution Provider, and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global connected roadside assistance solution market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global connected roadside assistance solution market in every aspect of the classification from perspectives of Offering, Vehicle Type, Service Type, Solution Provider, and Region.

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Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Hardware
• Software & Apps

o             Reporting & Analytics

o             Real-time Notifications

o             Positioning & Navigation

o             Smart Payment

o             Other Software & Apps

Based on Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Passenger Vehicles
• Commercial Vehicles

By Service Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Towing
• Battery Jump
• Tire Replacement
• Fuel Delivery
• Other Service Types

By Solution Provider, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Auto Manufacturers
• Insurance Providers
• Independent Contractors
• Other Solution Providers

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Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Colombia, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia, Egypt and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market by Offering, Vehicle Type and Service Type over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Access Roadside Assistance

Allianz Worldwide Partners

American Automobile Association (AAA)

Auto Vantage

Bayerische Motoren Werke (BMW) AG

Best Roadside Service

Better World Club

Chubb Limited

Falck AS

Ford Motor Company

Good Sam Enterprise

Honk Technologies, Inc.

Medinyx Technologies GmbH

National General Insurance

Paragon Motor Club

RAC Group (Holdings) Ltd.

Roadside Masters

The Allstate Corp.

Toyota Motor Corporation

TVS Auto Assist India Limited

Verizon Telematics, Inc.

Viking Redningstjeneste Topco AS.

Volkswagen AG

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