Press release
Learn details of theAutomotive Repair and Maintenance Services Market: industry analysis by 2026
Global demand for automotive repair and maintenance services market is estimated to reach US$ XX Bn in 2018, witnessing a CAGR of XX% over the forecast period. Automobile dealership owners will continue to hold the dominant share in the market accounting for XX% share of the total market in 2018.Demand for various services and parts in the automotive aftermarket such as tyres, engine oil, wear & tear parts will continue to gain traction. Among all the services, the tyre replacement and repair service will continue to hold the leading value share, surpassing US$ XX Bn in value in 2018.
Passenger Cars was the maximum value generating segment in terms of vehicle type in 2018, and the status quo will remain unchanged over the forecast period (2018-2026).
Enquiry More About This Report: https://www.trendsmarketresearch.com/report/sample/3608
North America is the largest market for automotive repair and maintenance services accounting for US$ XXBn in 2018. Asia-Pacific (APEJ) is expected to show highest growth with a CAGR of XX% over the forecast period. This is attributed to the increasing vehicle parc in this region and the under developed road infrastructure in many countries of Asia-Pacific.
Global Demand for Automotive Repair and Maintenance Services Market worth US$ XX Bn in the year 2018
Demand for automotive repair and maintenance services is also driven by the increase in vehicle age. With the improvements in material and technology used for automotive manufacturing, the average age of passenger cars in the U.S. increased from 9 years in 2000 to XX years in 2018.
Request Report For Toc: https://www.trendsmarketresearch.com/report/requesttoc/3608
With the rising vehicle sales in the U.S. and Western Europe, the demand for automotive repair and maintenance services is expected to increase. Due to declining oil and gas prices, there has been an increase in the average miles driven which is closely associated with more wear and tear of parts which in turn require maintenance and repair thus driving the market.
Jiffy Lubes International Inc., Driven Brands Inc., Asbury Automotive Group Inc., Monro Muffler Brake Inc., Belron International Ltd. are some of the key service provider in the market. The key players in the market are aiming on mergers and acquisitions to expand their services portfolio in regions especially North America.
Long-term Outlook: The long term outlook on global automotive repair and maintenance services market remains positive with the market expected to increase at a CAGR of XX% over the forecast period, 2018-2026.
Full View of Report Description: https://www.trendsmarketresearch.com/report/automotive-repair-and-maintenance-services-market
One Vincent Square
Westminster, London
About Us:
Trends Market Research is one of the leading digital services provider and a result-oriented company based in U.K.. We are a team of enthusiastic-driven individuals with top notch skills in SEO , Market research. Trends Market Research is a one stop shop to all your business needs. We help you thrive and succeed. We provide research solution.
Our digital and enterprise research assurance solutions are ideal for Automotive & Transportation, Electronics & Semiconductor, Chemicals & Materials, Healthcare, Pharmaceuticals & Medical Devices, Food & Beverage and Industrial Automation as well as all type of other leading industries verticals . We offer a vast line of in-depth study of industry trends including customized & client oriented specific requirement.
Contact Us:
One Vincent Square
Westminster, London SW1P 2PN
United Kingdom
Email: sales@trendsmarketresearch.com
Website: https://www.trendsmarketresearch.com
Follow me on: https://marketsizeinfonews.blogspot.com/
LinkedIn: https://www.linkedin.com/company/trends-market-research
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Learn details of theAutomotive Repair and Maintenance Services Market: industry analysis by 2026 here
News-ID: 1778578 • Views: …
More Releases from Trends Market Research
Germany In Vitro Fertilization (IVF) Market size receive overwhelming hike in Re …
The Germany IVF market was valued at $398 million in 2018 and is estimated to reach $541 million by 2026, registering a CAGR of 3.9% during the analysis period.
In vitro fertilization (IVF) is a process that includes fertilization of egg cells outside the body. It is one of the widely known infertility treatment across the clinical industry. The technique is based on assisted reproductive technology and is employed in the…
Advanced Driver Assistance Systems (ADAS) Market Estimated size be driven size I …
Advanced driver assistance systems are intelligent systems which are installed in the vehicle to assist the driver with safe and comfortable driving experience. These systems are used to provide vital information such as traffic congestion level, suggested routes, blockage & closure of roads ahead, and others. In addition, ADAS is also used to analyze the fatigue and distraction of human driver and make precautionary alerts to make suggestions regarding same…
UK Cold Chain Logistics Market Set size Surge Significantly During 2030
The UK cold chain logistics market size was valued at $4.55 billion in 2018 and is projected to reach $24.37 billion by 2026, registering a CAGR of 23.6% from 2019 to 2026. The meat, fish, and sea food segment accounted for the highest share in 2018 and is anticipated to exhibit remarkable growth rate during the forecast period.
Adoption of cold chain logistics plays a crucial role in avoiding the wastage…
Europe 5G Infrastructure Market size Reflect Impressive Growth Rate during 2030
The Europe 5G infrastructure market size was valued at $147.5 million in 2018 and is projected to reach $27.74 billion by 2026, growing at a CAGR of 96.2% from 2019 to 2026. 5G is fifth generation cellular technology, which consists of hardware component manufacturer, technology enablers, and telecom operators that facilitate 5G connections, operations, communication, supervision, and management of an enterprise network. 5G speed assures stronger connectivity, which creates seamless…
More Releases for XX%
global smart thermostats Market worth US$ XX Billion 2029 with a CAGR of XX%
The global smart thermostats market accounted for US$ 1.5 billion in 2019 and is estimated to be US$ 12.5 billion by 2029 and is anticipated to register a CAGR of 23.5%
The report "Global Smart Thermostats Market, By Component (Display, Motion Sensor, Humidity Sensor, Temperature Sensor, and Others), By Network Technology (Wired Technology and Wireless Technology (Wi-Fi, Z-Wave, Zigbee, and Bluetooth)), By Application (Residential, Commercial, Industrial, and Others), and By Region…
Rubber Gloves Market || worth US$ XX Billion 2029 with a CAGR of XX%
A new analytical research report on Global Rubber Gloves Market, titled Rubber Gloves has been newly published by Prophecy Market Insights to its widespread database. It gives a detailed elaboration on global Rubber Gloves market including different segments and sub-segments such as type, size, applications, end-users, key players and major key geographies. Nowadays, market research is the primary requirement for every business sector, because it helps to make well-informed decisions…
Optical Switches Market || worth US$ XX Billion 2029 with a CAGR of XX%
A new analytical research report on Global Optical Switches Market, titled Optical Switches has been newly published by Prophecy Market Insights to its widespread database. It gives a detailed elaboration on global Optical Switches market including different segments and sub-segments such as type, size, applications, end-users, key players and major key geographies. Nowadays, market research is the primary requirement for every business sector, because it helps to make well-informed decisions…
Sports Trainings Platform Market || worth US$ XX Billion 2029 with a CAGR of XX%
A new analytical research report on Global Sports Trainings Platform Market, titled Sports Trainings Platform has been newly published by Prophecy Market Insights to its widespread database. It gives a detailed elaboration on global Sports Trainings Platform market including different segments and sub-segments such as type, size, applications, end-users, key players and major key geographies. Nowadays, market research is the primary requirement for every business sector, because it helps to…
Disposable Antibacterial Washcloth Market || worth US$ XX Billion 2029 with a C …
A new analytical research report on Global Disposable Antibacterial Washcloth Market, titled Disposable Antibacterial Washcloth has been newly published by Prophecy Market Insights to its widespread database. It gives a detailed elaboration on global Disposable Antibacterial Washcloth market including different segments and sub-segments such as type, size, applications, end-users, key players and major key geographies. Nowadays, market research is the primary requirement for every business sector, because…
OKR Software Market worth US$ XX Billion 2029 with a CAGR of XX%
A new analytical research report on Global OKR Software Market, titled OKR Software has been newly published by Prophecy Market Insights to its widespread database. It gives a detailed elaboration on global OKR Software market including different segments and sub-segments such as type, size, applications, end-users, key players and major key geographies. Nowadays, market research is the primary requirement for every business sector, because it helps to make well-informed decisions…
