Authorized Car Service Center Market 2018 Key Players are Bosch, 3M, Renault, Volkswagen, BMW, Hyundai, Honda, Mahindra First Choice Services, Castrol, MyTVS, Mobil1, Carz Care, Carnation Auto

Market Overview:-

Authorized Car Service Center Market for body segment will hold a maximum revenue share with over 25% by 2024. Rising accidents on roadways due to increasing congestion is contributing to the segment dominance. Increasing costs of body refurbs and spare parts for reinstating the car to original condition is playing a key role in enhancing the authorized car service center industry.

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Increasing number of licensed passenger car garages engaged in offering enhanced customer services is primarily spurring the industry demand. Reasonably priced annual car maintenance plans accompanied with extended warranties is likely to proliferate the industry size. Auto OEMs either function through their own distribution channels or operate via self-owned service centers for trading of auto parts and services across several countries. Various new multi-brand service centers are starting up in urban cities, inducing growth potential for industry over the forecast period.

Top Key Players:-    

The key players of global Authorized Car Service Center Market are Bosch, 3M, Renault, Volkswagen, BMW, Hyundai, Honda, Mahindra First Choice Services, Castrol, MyTVS, Mobil1, Carz Care, and Carnation Auto.

Regional Segmentations:-

Asia Pacific authorized car service center market will exhibit more than 3% CAGR between 2018 and 2024 owing to rapid urbanization and rising disposable income across its countries. Increasing demand for personal mobility and proliferating number of accidents will positively influencing the regional authorized car service center market share.

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Major Points of Table Of Content:-

Authorized Car Service Center Industry Insights
3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.  Component suppliers

3.3.2.  Service providers

3.3.3.  Profit margin analysis

3.3.4.  Distribution channel analysis

3.3.5.  Vendor matrix

3.3.5.1.    Role

3.3.5.2.    Services

3.3.5.3.    Global presence

3.4. Pricing analysis

3.4.1.  By region

3.4.1.1.    NA

3.4.1.2.    Europe

3.4.1.3.    APAC

3.4.1.4.    LATAM

3.4.1.5.    MEA

3.4.2.  Cost structure analysis

3.5. Technology landscape

3.6. Regulatory landscape

3.6.1.  NA

3.6.2.  Europe

3.6.3.  APAC

3.6.4.  LATAM

3.6.5.  MEA

3.7. Key decision-making parameters for car servicing

3.8. Industry impact forces

3.8.1.  Growth drivers, by region

3.8.1.1.    North America

3.8.1.2.    Europe

3.8.1.3.    Asia Pacific

3.8.1.4.    LATAM

3.8.1.5.    MEA

3.8.2.  Industry pitfalls & challenges

3.9. Innovation & sustainability

3.10.        Growth potential analysis, 2017

3.11.        Porter's analysis

3.12.        Competitive landscape, 2017

3.12.1.   Top player analysis, 2017

3.12.2.   Strategy dashboard

3.13.    PESTEL analysis

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Organized multi-brand service providers will exhibit a CAGR of over 2.5% during the forecast timeframe. This growth can be attributed to the affordable labor costs, customized extended warranties, quality spare parts, and transparent spare parts pricing. Vehicles post warranty period prefer organized multi-brand car service centers owing to the affordable servicing plans, occasional offers, and discounts further boosting the segment penetration.

Passenger cars with more than three years of age will pose a growth rate of around 3% over the study timeframe. This growth can be credited to the requirement of frequent servicing due to wear and tear of the vehicle components owing to its age. Stringent rules related to high pollution from old vehicles requires owners to modify or change parts, further escalating the segment share.

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