Press release
Global Automotive Service, Maintenance & Repair Market - Toyota, Volkswagen Group, Hyundai, General Motors, Ford, Nissan, Honda, Suzuki, Diamler, BMW
Report start from the market overview section which demonstrates the market drivers, restraints and opportunities that influence the current and future status of the market. It also includes key trends, implementation restraints, end-user product issues and many more. These factors are responsible for changing the market scenario. The deep analysis of each segment in the report is provided in order to provide a thorough understanding of the overall scenario in the Automotive Service, Maintenance & Repair Market. The report covers the competitor’s strategies that help them to capture the market.
The global automotive service, maintenance & repair market accounted for USD 416.4 Billion in 2017. Further, the market is expected to reach to a valuation of USD 528.4 Billion by the end of 2023. Moreover, it is anticipated to flourish at a CAGR of 4.0% during the forecast period i.e. 2018-2023. Factors such as increasing sale of vehicles and rising average driving miles are expected to foster the growth of automotive service, maintenance & repair market. Moreover, favorable government agencies regulations regarding pollution emission are also favoring the growth of the market. China, India, Japan, U.S., Germany and U.K. are believed to be key contributors to the growth of automotive service, maintenance & repair market during the forecast period.
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The global Automotive Service, Maintenance & Repair Market has been segmented By Offerings, By Vehicle Type, By Service Provider and geography. By Offerings - Maintenance, Service, Repair. By Vehicle Type - Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle. By Service Provider - Authorized Automotive Repair Shop, Independent Automotive Repair Shop. The report shows an analysis of every area that is directly or indirectly related to this study.
The report highlights information that is required to understand the innovation and development in the Automotive Service, Maintenance & Repair Market, and the growing nature of each and every segment from time to time. It provides information related to the company’s financial position, day to day expenses, recent innovative development in the product. Also, the report shows the impact of the new plans, policies, and strategies adopted by the company. The Porter's Five Forces is a tool for analyzing the five forces in the economy that are buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition available in the market. It helps to determine the competitive intensity and the attractiveness of an industry in terms of profitability. The political, social, economic, demographical, technological factors have been considered while analyzing the market. It helps the company to determine the demand of the product from a particular region and the constraint that act as a hurdle in the growth of the company.
The report shows the competition level faced in the market by the company and the recent development in the market launched by the rivals. It helps them to analyze the market clearly and help the company to maintain the framework in which they have to work in the growing competition. The main competitors of the industry are Toyota, Volkswagen Group, Hyundai, General Motors, Ford, Nissan, Honda, Suzuki, Diamler, BMW, Other Major & Niche Players.
While analyzing the market every segment of the market is considered concisely from time to time to understand the geographical distribution of the product and the demand from that particular region and the insights responsible for all the factors. By geography the market is divided into North America, The U.S., Canada, Rest of North America, Europe, Germany, The U.K., France, Rest of Europe, Asia Pacific (APAC), China, India, Japan, Australia, Rest of APAC, Middle East & Africa (MEA), GCC, South Africa, Rest of MEA, South America (Brazil &Rest of South America).
The final section of the report highlights the data collected for the report. A perfect combination of the primary, as well as secondary research has been made to collect the facts and figures regarding the product and the market. Secondary research sources are annual reports of the company to understand the financial position of the company, third-party report, customers review towards the product, statistical databases, government publications, company's shareholder's reviews, regulatory database have been considered. Whereas the primary research includes telephonic interviews, e-mail conversations, face-to-face interviews. Primary research is a time-consuming process and they are not considered as reliable as a comparison to the second method. Hence, secondary research is a reliable one and helps to develop the analysis team expert and market understanding.
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Table of Contents:
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Automotive Service, Maintenance & Repair Market
3. Automotive Service, Maintenance & Repair Market Trends
4. Opportunities in Automotive Service, Maintenance & Repair Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Automotive Service, Maintenance & Repair Market Size (USD Million), Growth Analysis and Forecast, (2017-2023)
9.Global Automotive Service, Maintenance & Repair Market Segmentation Analysis, By Offering
9.1. Introduction
9.2. Market Attractiveness, By Offering
9.3. BPS Analysis, Offering
9.4. Maintenance Size & Forecast (USD Million), 2017-2023
9.5. Service Size & Forecast (USD Million), 2017-2023
9.6. Repair Size & Forecast (USD Million), 2017-2023
10. Global Automotive Service, Maintenance & Repair Market Segmentation Analysis, By Vehicle Type
10.1. Introduction
10.2. Market Attractiveness, By Vehicle Type
10.3. BPS Analysis, By Vehicle Type
10.4. Passenger Car Size & Forecast (USD Million), 2017-2023
10.5. Light Commercial Vehicle Size & Forecast (USD Million), 2017-2023
10.6. Heavy Commercial Vehicle Size & Forecast (USD Million), 2017-2023
11. Global Automotive Service, Maintenance & Repair Market Segmentation Analysis, By Service Provider
11.1. Introduction
11.2. Market Attractiveness, By Service Provider
11.3. BPS Analysis, By Service Provider
11.4. Authorized Automotive Repair Shop Size & Forecast (USD Million), 2017-2023
11.5. Independent Automotive Repair Shop Size & Forecast (USD Million), 2017-2023
12. Geographical Analysis
12.1. Introduction
12.2. North America Market Size (USD Million), 2017-2023
12.2.1. By Offering
12.2.1.1. Introduction
12.2.1.2. Market Attractiveness, By Offering
12.2.1.3. BPS Analysis, Offering
12.2.1.4. Maintenance Size & Forecast (USD Million), 2017-2023
12.2.1.5. Service Size & Forecast (USD Million), 2017-2023
12.2.1.6. Repair Size & Forecast (USD Million), 2017-2023
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