Automotive Repair & Maintenance Services Market Overview
The report is titled as ‘Automotive Repair & Maintenance Services Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Automotive Repair & Maintenance Services market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Automotive repair & maintenance services market is expected to grow with significant rate in the near future.
In 2020, global automotive repair & maintenance services market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period
Automotive Repair & Maintenance Services Introduction
The repair and maintenance of the vehicle is definitely one of the most crucial and standard components, whether one drives a Honda or a Porsche. It is crucial to keep the vehicle on the road and out of the shop. There is certainly an upright probability that an individual will bear an issue if a major repair and maintenance is neglected. The automotive aftermarket comprises repair & maintenance of various services and parts that is to say engine oil, gear oil, brake oil, and many more. In addition to that, wear and tear parts maintenance is composed of engine, suspension, brake wheel end, shock absorbers, and driveline, whilst exhaust elements comprise tailpipe, exhaust manifold, catalytic converter, and mufflers. The tire services incorporate misalignment of tires, repair of flat tires, tire pressure monitoring, replacement of tires, and so much more. In a similar manner, battery services incorporate substitution of automotive batteries. Moreover, there are several different service providers that offer automotive repair and maintenance services that include OEM, automobile dealerships, etc.
Furthermore, the specialty shops are autonomously owned shops that are particularized to offer a special service for collision repair, suspension services, services for mufflers and exhaust. The rising number of vehicles on the roads, in present times, along with the increased awareness for vehicle safety is majorly projected to boost the demand of automotive repair & maintenance services all across the global markets. Owing to which, the global automotive repair & maintenance services market is projected to grow significantly over the years.
Automotive Repair & Maintenance Services Market Segmentation
The global automotive repair & maintenance services market is segmented on the basis of type, vehicle, service providers, and region.
By Type
Tires & Wheels
Lubricant
Filters
Engine
Drivetrain
Steering & Suspension
Brakes
Exhaust System
Others
Exterior & Structural
Body Repair
Windows & Glass
Electrical
Lighting System
Controls, Modules & Sensors
Others
Maintenance Services
Schedule Repair Service
Unscheduled Maintenance Service
Other Service
By Vehicle
LCV
HCV
By Service Providers
Franchise General Repairs
Specialty Shops
Locally Owned Repair Shops/Body Shops
Tire Shops
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Automotive Repair & Maintenance Services Market Key Players
Some of the key participating players in global automotive repair & maintenance services market are:
LKQ Corporation
Mobivia Groupe
Inter Cars
Mekonomen Group
Hance's European
EUROPART Holding GmbH
USA Automotive
CarParts.com, Inc.
myTVS
M & M Auto Repair
Bosch Car Service
Wrench, Inc.
Sun Auto Service
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Automotive Repair & Maintenance Services
Advantages of Automotive Repair & Maintenance Services
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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The automotive repair & maintenance services market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in automotive repair & maintenance services market.
The global automotive repair & maintenance services market is segmented on the basis of type, vehicle, service providers, and region.
Some of the key participating players in global automotive repair & maintenance services market are: LKQ Corporation, Mobivia Groupe, Inter Cars, Mekonomen Group, Hance's European, EUROPART Holding GmbH, USA Automotive, CarParts.com, Inc., myTVS, M & M Auto Repair, Bosch Car Service, Wrench, Inc., Sun Auto Service.