Vehicle Roadside Assistance Market Sales and Revenue Share by Countries

Posted by Sakshi Mishra on January 27th, 2020

Vehicle roadside assistance refers to a service helping the driver of a vehicle during the breakdown of the vehicle. Vehicle roadside assistance solutions provide on-site help to the owners or drivers with basic support. This basic support comprises misplaced or lost keys (lockout service), flat tire support, on-site minor mechanical and electrical repair, fuel delivery service, and battery jump start. It is simply an effort by professionals of the automotive industry to solve minor issues of a vehicle during a breakdown. The global vehicle roadside assistance market is expected to observe rapid growth due to increased production of automobiles all over the world.

Some of the key companies mentioned in the this report on global vehicle roadside assistance market comprise TVS Auto Assist India Limited, Falck A/S, Allianz Global Assistance, Twenty Four OTR Pvt Ltd, Viking Assistance Group AS, Good Sam Enterprise, LLC, ARC Europe SA, and SOS International A/S.

Utilizing extensive research methods, Transparency Market Research presents an all-inclusive study on the global vehicle roadside assistance market, for the period 2019 to 2027. The report estimates that the global vehicle roadside assistance market is likely to register growth at 4% CAGR.

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Europe to Emerge as a Prominent Region over the Forecast Timeframe, from 2019 to2027

The global vehicle roadside assistance market is segmented into the principal regions of North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. Considering region-based segmentation of the global vehicle roadside assistance market, it is likely that Asia Pacific is going to emerge as highly lucrative region during the timeframe of assessment, from 2019 to 2027.

The vehicle roadside assistance market is likely to observe considerable growth in Europe as well. There has a substantial rise in sales and vehicle registrations in Europe. With the increased number of automotives plying on the road, more breakdown could be observed, which is likely to stimulate growth of the Europe vehicle roadside assistance market during the tenure of assessment.

Apart increased sales of vehicles, extremely cold climatic conditions coupled with easy availability of such services on the roads of Europe, it is likely that market will register robust growth in forthcoming years.