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

Market Overview:-

Authorized Car Service Center Market seems to be more pronounced in recent times, given the increasing passenger vehicle density on road and their subsequent maintenance requirement. According to estimates, nearly 945 million passenger vehicles and 330 million commercial cars were operational globally in 2015. This, by extension also outline the humongous revenue generated by the car service business (maintenance and repair) in recent years. Since licensed automobile workshops provide improved service support at competitive rates with enhanced customer experience, authorized car service center industry is furthermore gaining a substantial traction in the automotive fraternity. Testament of the fact is the 200-billion-dollar valuation pegged by the market in 2017. Incidentally, this has also prompted automotive market players to expand their service center networks, in a bid to leverage the potential of authorized car service center market.

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The competitive spectrum of authorized car service center market comprises some renowned brands including Carnation Auto, Castrol, 3M, Mobil1, MyTVS, and Carz Care. Strategic collaborations and joint ventures are two of the tried-and tested tactics adopted by these players to sustain in the competitive landscape. Nissan’s strategic tie-up with India’s largest car service networks, MyTVS in 2016 is an apt precedence validating the same. Through this venture Nissan opened eight NASP (Nissan Authorized Service Points) in Tamil Nadu to improve car service access for Nissan and Datsun customers. The deal, in all likelihood, strengthened Nissan’s stance in India authorized car service center industry.  In fact, with India as a major nerve center, APAC authorized car service center market is forecast to witness 4% CAGR over 2018-2024.

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:-

Chapter 1.  Methodology and Scope

1.1. Methodology

1.1.1.  Initial data exploration

1.1.2.  Statistical model and forecast

1.1.3.  Industry insights and validation

1.1.4.  Scope, definition and forecast parameters

1.2. Data Sources

1.2.1.  Primary

1.2.2.  Secondary

Chapter 2.  Executive Summary

2.1. Authorized car service center industry 3600 synopsis, 2013 - 2024

2.1.1.  Business trends

2.1.2.  Autobody workshops trends

2.1.3.  Services trends

2.1.4.  Vehicle age trends

2.1.5.  Regional trends

Chapter 3.     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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It is prudent to mention that a strict regulatory framework toward carbon emission abatement across emerging economies has left an inexorable impact on authorized car service center market outlook. Recently, the Maharashtra Pollution Control Board has issued a notice against a dealership and car service center for violating the environmental norms. Following a complaint with regards to unscientific disposal of waste water, the board had officially conducted an on-spot inspection and found that the ETP (effluent treatment plant) of the workshop was not operational. These kind of pitfalls in unlicensed service centers have in a way provided a lucrative growth avenue to authorized car service center market.  Presence of advanced machineries in tandem with skilled technicians has further stimulated the market outlook. Primarily grounding on three major rationales- appropriate business model, cost-effective services, and decent attitude of the service advisors, authorized car service center market is slated to witness a slew of opportunities in the coming years. In terms of commercialization, the fraternity is forecast to surpass USD 247 billion by 2024.

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