The global automotive repair and maintenance services market is projected to grow at a significant CAGR during the forecast period. Factors such as an increase in the average age of vehicles due to technological advancements and an increase in the average mileage driven per vehicle will increase the demand for automotive repair and maintenance services during the forecast period. Moreover, as people become more conscious of road safety, the average repair and maintenance costs for individuals are expected to increase, further driving the growth of the market. In addition, rising used car sales in many regions are expected to further increase the demand for automotive repair and maintenance services over the next five years.
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By region, the North America region will dominate the automotive repair and maintenance services market in 2022 and will continue to do so over the next five years due to increased vehicle sales and production, growth in the used vehicle market, and tightening government regulations. expected to remain intact. for car maintenance.
Some of the major players operating in Global Automotive Repair & Maintenance Services market are Sumitomo Corporation, Ashland Automotive Inc., Monro Muffler Brake Inc., Goodyear Tire & Rubber Co., Belron International Ltd., Asbury Automotive Group Inc., Driven Brands Inc., Firestone Complete Auto Care, Halfords Group plc., and Jiffy Lube International. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study:
- To analyse and forecast the market size of automotive repair and maintenance services market, in terms of value and volume.
- To classify and forecast global automotive repair and maintenance services market based on vehicle type, Services & Parts, and regional distribution.
- To identify drivers and challenges for global automotive repair and maintenance services market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive repair and maintenance services market.
- To conduct the pricing analysis for automotive repair and maintenance services market.
- To identify and analyse the profile of leading players involved in the manufacturing of global automotive repair and maintenance services market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
TechSci Research calculated the market size of Global Automotive Repair and Maintenance Services Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Service Providers of Automotive Repair and Maintenance
- Automotive OEMs
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
Report Scope:
In this report, Global Automotive Repair and Maintenance Services Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Automotive Repair And Maintenance Services Market, By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Global Automotive Repair And Maintenance Services Market, By Services and Parts Type:
- Oils
- Tires
- Batteries
- Oil Filter
- Wiper Blades
- Lights
- Air Filter
- Spark Plugs
- Others
- Global Automotive Repair And Maintenance Services Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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