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Road Assistance Insurance Market Industry Analysis, Key Players and Forecast 2029
Road Assistance Insurance Market Overview
Maximize Market Research delivers an exhaustive portrayal of Road Assistance Insurance Market , aiming to present a holistic view of the market's present state, thereby facilitating a nuanced understanding of its intricacies. The research document encompasses meticulously projected statistics, noteworthy advancements, and detailed insights into revenue trends within the Road Assistance Insurance domain.
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Market Growth Estimate:
Road Assistance Insurance Market size was valued at USD 6.30 Bn. in 2022 and the total Road Assistance Insurance revenue is expected to grow at a CAGR of 10.3% from 2023 to 2029, reaching nearly USD 12.51 Bn.
Road Assistance Insurance Market Dynamics
Growing number of traffic accidents and the requirement for security and safety considerations
Based on the data, road traffic crashes claim the lives of almost 1.3 million people annually. Globally, motor vehicle accidents involving automobiles, buses, motorbikes, bicycles, lorries, or pedestrians claim the lives of about 3,700 persons. According to estimates, crashes rank as the seventh most common cause of mortality worldwide across all age categories and the most common cause of death for children and young adults (ages 5 to 29). Additionally, the need for road assistance insurance services for security and safety reasons is anticipated to develop significantly with the rise in cruising activities, such as driving an automobile to tourist attractions and adventure rides, driving the road assistance insurance market.
Road Assistance Insurance Market Segmentation
by Vehicle Type
1. Passenger Vehicle
2. Commercial Vehicle
The global market for roadside assistance insurance is divided into two segments based on the type of vehicle: passenger vehicles and commercial vehicles. With the largest market share of 82% in 2022, the passenger car sector led the market and is predicted to continue leading it by 2029. During the duration of their warranties, a number of passenger automobile manufacturers offered free roadside assistance insurance services. Consequently, growing passenger car sales are anticipated to fuel segment expansion over the course of the projection year. Additionally, a few of auto insurance companies include pay-per-use roadside help services in their insurance plans.
by Coverage
1. Towing
2. Jump Start/Pull Start
3. Lockout/Replacement Key Service
4. Flat Tire
5. Fuel Delivery
6. Others
Distribution Channel
1. Independent Agents/Brokers
2. Auto Manufacturer
3. Motor Insurance providers
4. Independent Warranty
5. Automotive Club
6.Others (Direct Response, Banks)
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Regional Analysis
The research has been done on each regional Road Assistance Insurance market to determine its current and future growth prospects. The Road Assistance Insurance market report covers all five regions and their country-wise distribution. Their market size and trends are also included in the Road Assistance Insurance report.
Road Assistance Insurance Market Key Players
1. Good Sam Enterprise LLC. (Illinois, United States)
2. Auto Vantage (Connecticut, United States)
3. Best Roadside Service (Texas, United States)
4. Falck A/S (Denmark, Europe)
5. Roadside Transportation LLC. (Florida, United States)
6. DBA, Agero, Inc. (The Cross Country Group) (Florida, United States)
7. Allstate Insurance Company (San Francisco, United States)
8. Agero, Inc., (Massachusetts, United States)
9. American Express Company (New York, United States)
10. Erie Indemnity Co. (Pennsylvania, United States)
11. GEICO, USAA (Maryland, United States)
12. IFFCO-Tokio General Insurance Company Limited (India)
13. Progressive Casualty Insurance Company (Ohio, Unites States)
14. Nationwide Mutual Insurance Company (Ohio, Unites States)
15. Viking Assistance Group (Norway, Europe)
16. Access Roadside Assistance (Canada)
17. Paragom Motorclub (Texas, United States)
18. Roadside Masters (Florida, United States)
19. ARC Europe SA, (Belgium, Europe)
20. Agero, Inc., (Massachusetts, United States)
21. Allianz Global Assistance (Germany, Europe)
22. ASSURANT, INC. (New York, United States)
23. GM Motor Club (Michigan, United States)
24. National Motor Club (Texas, United States)
25. SO S International A / S (London, United Kingdom)
Table of content for the Road Assistance Insurance Market includes:
Part 01: Executive Summary
Part 02: Scope of the Road Assistance Insurance Market Report
Part 03: Global Road Assistance Insurance Market Landscape
Part 04: Global Road Assistance Insurance Market Sizing
Part 05: Global Road Assistance Insurance Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key Questions Addressed in This Report:
- How has the Road Assistance Insurance market performed so far and how will it perform in the coming years?
- What is the market segmentation of the global Road Assistance Insurance market?
- What is the regional breakup of the global Road Assistance Insurance market?
- What are the price trends of various feedstocks in the Road Assistance Insurance industry?
- What is the structure of the Road Assistance Insurance industry and who are the key players?
- What are the various unit operations involved in a Road Assistance Insurance processing plant?
- What is the total size of land required for setting up a Road Assistance Insurance processing plant?
- What is the layout of a Road Assistance Insurance processing plant?
- What are the machinery requirements for setting up a Road Assistance Insurance processing plant?
- What are the raw material requirements for setting up a Road Assistance Insurance processing plant?
- What are the packaging requirements for setting up a Road Assistance Insurance processing plant?
- What are the transportation requirements for setting up a Road Assistance Insurance processing plant?
- What are the utility requirements for setting up a Road Assistance Insurance processing plant?
- What are the human resource requirements for setting up a Road Assistance Insurance processing plant?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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