North America Connected Roadside Assistance Solution Market 2022-2032 by Offering, Vehicle Type, Service Type, Solution Provider, and Country: Trend Forecast and Growth Opportunity

Bonafide Trust 28-02-2023 127 Pages Figures : 44 Tables : 61
Region : North America Category : IT & Telecommunications Technology

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North America connected roadside assistance solution market is projected to grow by 13.0% annually in the forecast period and reach $2,090.9 million by 2032, driven by the growing number of vehicles on road, rising need for real-time notification and alerts, advent of mobile devices and IoT technology, and increasing requirements for seamless roadside assistance across the world. Highlighted with 61 tables and 44 figures, this 127-page report “North America Connected Roadside Assistance Solution Market 2022-2032 by Offering, Vehicle Type, Service Type, Solution Provider, and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire North America connected roadside assistance solution market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America connected roadside assistance solution market in every aspect of the classification from perspectives of Offering, Vehicle Type, Service Type, Solution Provider, and Country. Based on Offering, the North America market is segmented into the following sub-markets with annual revenue ($ 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 North America 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 North America 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 North America 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 Geographically, the following national/local markets are fully investigated: • U.S. • Canada • Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets 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 (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.)

1 Introduction 8

1.1 Industry Definition and Research Scope 8

1.1.1 Industry Definition 8

1.1.2 Research Scope 9

1.2 Research Methodology 12

1.2.1 Overview of Market Research Methodology 12

1.2.2 Market Assumption 13

1.2.3 Secondary Data 13

1.2.4 Primary Data 13

1.2.5 Data Filtration and Model Design 14

1.2.6 Market Size/Share Estimation 15

1.2.7 Research Limitations 16

1.3 Executive Summary 17

2 Market Overview and Dynamics 19

2.1 Market Size and Forecast 19

2.1.1 Impact of COVID-19 on World Economy 20

2.1.2 Impact of COVID-19 on the Market 23

2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 25

2.2 Major Growth Drivers 27

2.3 Market Restraints and Challenges 32

2.4 Emerging Opportunities and Market Trends 35

2.5 Porter’s Fiver Forces Analysis 39

3 Segmentation of North America Market by Offering 43

3.1 Market Overview by Offering 43

3.2 Hardware 45

3.3 Software & Apps 46

3.3.1 Reporting & Analytics 48

3.3.2 Real-time Notifications 49

3.3.3 Positioning & Navigation 50

3.3.4 Smart Payment 51

3.3.5 Other Software & Apps 52

4 Segmentation of North America Market by Vehicle Type 53

4.1 Market Overview by Vehicle Type 53

4.2 Passenger Vehicles 55

4.3 Commercial Vehicles 56

5 Segmentation of North America Market by Service Type 57

5.1 Market Overview by Service Type 57

5.2 Towing 59

5.3 Battery Jump 60

5.4 Tire Replacement 61

5.5 Fuel Delivery 62

5.6 Other Service Types 63

6 Segmentation of North America Market by Solution Provider 64

6.1 Market Overview by Solution Provider 64

6.2 Auto Manufacturers 66

6.3 Insurance Providers 67

6.4 Independent Contractors 68

6.5 Other Solution Providers 69

7 North America Market 2022-2032 by Country 70

7.1 Overview of North America Market 70

7.2 U.S. 73

7.3 Canada 76

7.4 Mexico 78

8 Competitive Landscape 80

8.1 Overview of Key Vendors 80

8.2 New Product Launch, Partnership, Investment, and M&A 83

8.3 Company Profiles 84

Access Roadside Assistance 84

Allianz Worldwide Partners 86

American Automobile Association (AAA) 88

Auto Vantage 90

Bayerische Motoren Werke (BMW) AG 91

Best Roadside Service 96

Better World Club 97

Chubb Limited 98

Falck AS 101

Ford Motor Company 103

Good Sam Enterprise 106

Honk Technologies, Inc. 107

Medinyx Technologies GmbH 108

National General Insurance 109

Paragon Motor Club 110

RAC Group (Holdings) Ltd. 111

Roadside Masters 113

The Allstate Corp. 114

Toyota Motor Corporation 117

TVS Auto Assist India Limited 121

Verizon Telematics, Inc. 122

Viking Redningstjeneste Topco AS. 123

Volkswagen AG 124

RELATED REPORTS 127

List of Tables:

Table 1. Snapshot of North America Connected Roadside Assistance Solution Market in Balanced Perspective, 2022-2032 18
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Scenarios for Economic Impact of Ukraine Crisis 26
Table 5. Main Product Trends and Market Opportunities in North America Connected Roadside Assistance Solution Market 35
Table 6. North America Connected Roadside Assistance Solution Market by Offering, 2022-2032, $ mn 43
Table 7. North America Connected Roadside Assistance Solution Market: Software & Apps by Type, 2022-2032, $ mn 47
Table 8. North America Connected Roadside Assistance Solution Market by Vehicle Type, 2022-2032, $ mn 53
Table 9. North America Connected Roadside Assistance Solution Market by Service Type, 2022-2032, $ mn 57
Table 10. North America Connected Roadside Assistance Solution Market by Solution Provider, 2022-2032, $ mn 64
Table 11. North America Connected Roadside Assistance Solution Market by Country, 2022-2032, $ mn 71
Table 12. U.S. Connected Roadside Assistance Solution Market by Offering, 2022-2032, $ mn 75
Table 13. U.S. Connected Roadside Assistance Solution Market by Vehicle Type, 2022-2032, $ mn 75
Table 14. U.S. Connected Roadside Assistance Solution Market by Service Type, 2022-2032, $ mn 75
Table 15. Canada Connected Roadside Assistance Solution Market by Offering, 2022-2032, $ mn 77
Table 16. Canada Connected Roadside Assistance Solution Market by Vehicle Type, 2022-2032, $ mn 77
Table 17. Canada Connected Roadside Assistance Solution Market by Service Type, 2022-2032, $ mn 77
Table 18. Mexico Connected Roadside Assistance Solution Market by Offering, 2022-2032, $ mn 79
Table 19. Mexico Connected Roadside Assistance Solution Market by Vehicle Type, 2022-2032, $ mn 79
Table 20. Mexico Connected Roadside Assistance Solution Market by Service Type, 2022-2032, $ mn 79
Table 21. Access Roadside Assistance: Company Snapshot 84
Table 22. Access Roadside Assistance: Business Segmentation 85
Table 23. Access Roadside Assistance: Product Portfolio 85
Table 24. Allianz SE: Company Snapshot 86
Table 25. American Automobile Association (AAA): Company Snapshot 88
Table 26. AutoVantage: Company Snapshot 90
Table 27. Bayerische Motoren Werke (BMW) AG: Company Snapshot 91
Table 28. Bayerische Motoren Werke (BMW) AG: Brands and Models 92
Table 29. Bayerische Motoren Werke (BMW) AG: Annual Production by Vehicle 2005-2021 93
Table 30. Bayerische Motoren Werke (BMW) AG: Annual Sales by Vehicle 2005-2019 94
Table 31. Bayerische Motoren Werke (BMW) AG: Product Portfolio 95
Table 32. Best Roadside Service LLC: Company Snapshot 96
Table 33. Better World Club: Company Snapshot 97
Table 34. Chubb Limited: Company Snapshot 98
Table 35. Chubb Limited: Business Units 99
Table 36. Falck AS: Company Snapshot 101
Table 37. Ford Motor Company: Company Snapshot 103
Table 38. Ford Motor Company: Brands and Models 103
Table 39. Ford Motor Company: Product Portfolio 104
Table 40. Ford Motor Company: Revenue by Business Segment, 2019, % of Revenue 104
Table 41. Ford Motor Company: Revenue by Region, 2019, % of Revenue 104
Table 42. Good Sam Enterprise, LLC: Company Snapshot 106
Table 43. Honk Technologies, Inc.: Company Snapshot 107
Table 44. Medinyx Technologies GmbH: Company Snapshot 108
Table 45. National General Insurance: Company Snapshot 109
Table 46. Paragon Motor Club: Company Snapshot 110
Table 47. RAC Limited: Company Snapshot 111
Table 48. Roadside Masters: Company Snapshot 113
Table 49. The Allstate Corp.: Company Snapshot 114
Table 50. The Allstate Corp.: Brands and Models 115
Table 51. Toyota Motor Corporation: Company Snapshot 117
Table 52. Toyota Motor Corporation: Business Segmentation 117
Table 53. Toyota Motor Corporation: Product Portfolio 118
Table 54. Toyota Motor Company: Revenue by Region, 2020, % of Revenue 119
Table 55. TVS Auto Assist India Limited: Company Snapshot 121
Table 56. Verizon Telematics, Inc.: Company Snapshot 122
Table 57. Viking Redningstjeneste Topco AS.: Company Snapshot 123
Table 58. Volkswagen AG: Company Snapshot 124
Table 59. Volkswagen AG: Brands and Models 124
Table 60. Volkswagen AG: Product Portfolio 125
Table 61. Volkswagen AG: Revenue by Region, 2018, % of Revenue 125

List of Figures:

Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 17
Figure 4. North America Connected Roadside Assistance Solution Market, 2022-2032, $ mn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of North America Connected Roadside Assistance Solution Market 27
Figure 7. World Connected Cars Market, 2020-2030, thousand units 30
Figure 8. World Vehicle-to-Everything (V2X) Market, 2020-2030, $ mn 30
Figure 9. World Automotive IoT Market, 2020-2027, $ mn 31
Figure 10. Primary Restraints and Impact Factors of North America Connected Roadside Assistance Solution Market 32
Figure 11. Investment Opportunity Analysis 36
Figure 12. Porter’s Fiver Forces Analysis of North America Connected Roadside Assistance Solution Market 39
Figure 13. Breakdown of North America Connected Roadside Assistance Solution Market by Offering, 2022-2032, % of Revenue 44
Figure 14. North America Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 44
Figure 15. North America Connected Roadside Assistance Solution Market by Offering: Hardware, 2022-2032, $ mn 45
Figure 16. North America Connected Roadside Assistance Solution Market by Offering: Software & Apps, 2022-2032, $ mn 46
Figure 17. North America Connected Roadside Assistance Solution Market by Software & Apps: Reporting & Analytics, 2022-2032, $ mn 48
Figure 18. North America Connected Roadside Assistance Solution Market by Software & Apps: Real-time Notifications, 2022-2032, $ mn 49
Figure 19. North America Connected Roadside Assistance Solution Market by Software & Apps: Positioning & Navigation, 2022-2032, $ mn 50
Figure 20. North America Connected Roadside Assistance Solution Market by Software & Apps: Smart Payment, 2022-2032, $ mn 51
Figure 21. North America Connected Roadside Assistance Solution Market by Software & Apps: Other Software & Apps, 2022-2032, $ mn 52
Figure 22. Breakdown of North America Connected Roadside Assistance Solution Market by Vehicle Type, 2022-2032, % of Sales Revenue 54
Figure 23. North America Addressable Market Cap in 2023-2032 by Vehicle Type, Value ($ mn) and Share (%) 54
Figure 24. North America Connected Roadside Assistance Solution Market by Vehicle Type: Passenger Vehicles, 2022-2032, $ mn 55
Figure 25. North America Connected Roadside Assistance Solution Market by Vehicle Type: Commercial Vehicles, 2022-2032, $ mn 56
Figure 26. Breakdown of North America Connected Roadside Assistance Solution Market by Service Type, 2022-2032, % of Sales Revenue 58
Figure 27. North America Addressable Market Cap in 2023-2032 by Service Type, Value ($ mn) and Share (%) 58
Figure 28. North America Connected Roadside Assistance Solution Market by Service Type: Towing, 2022-2032, $ mn 59
Figure 29. North America Connected Roadside Assistance Solution Market by Service Type: Battery Jump, 2022-2032, $ mn 60
Figure 30. North America Connected Roadside Assistance Solution Market by Service Type: Tire Replacement, 2022-2032, $ mn 61
Figure 31. North America Connected Roadside Assistance Solution Market by Service Type: Fuel Delivery, 2022-2032, $ mn 62
Figure 32. North America Connected Roadside Assistance Solution Market by Service Type: Other Service Types, 2022-2032, $ mn 63
Figure 33. Breakdown of North America Connected Roadside Assistance Solution Market by Solution Provider, 2022-2032, % of Revenue 65
Figure 34. North America Addressable Market Cap in 2023-2032 by Solution Provider, Value ($ mn) and Share (%) 65
Figure 35. North America Connected Roadside Assistance Solution Market by Solution Provider: Auto Manufacturers, 2022-2032, $ mn 66
Figure 36. North America Connected Roadside Assistance Solution Market by Solution Provider: Insurance Providers, 2022-2032, $ mn 67
Figure 37. North America Connected Roadside Assistance Solution Market by Solution Provider: Independent Contractors, 2022-2032, $ mn 68
Figure 38. North America Connected Roadside Assistance Solution Market by Solution Provider: Other Solution Providers, 2022-2032, $ mn 69
Figure 39. Breakdown of North America Connected Roadside Assistance Solution Market by Country, 2022 and 2032, % of Revenue 71
Figure 40. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 72
Figure 41. U.S. Connected Roadside Assistance Solution Market, 2022-2032, $ mn 74
Figure 42. Canada Connected Roadside Assistance Solution Market, 2022-2032, $ mn 76
Figure 43. Connected Roadside Assistance Solution Market in Mexico, 2022-2032, $ mn 78
Figure 44. Growth Stage of North America Connected Roadside Assistance Solution Industry over the Forecast Period 80

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North America Connected Roadside Assistance Solution Market 2022-2032 by Offering, Vehicle Type, Service Type, Solution Provider, and Country: Trend Forecast and Growth Opportunity

North America Connected Roadside Assistance Solution Market 2022-2032 by Offering, Vehicle Type, Service Type, Solution Provider, and Country: Trend Forecast and Growth Opportunity