Press release
Automotive Service Maintenance & Repair Market Ongoing Industry Trends and Recent News and Developments | Key Players like Toyota, Volkswagen Group, Hyundai, General Motors, Ford, Nissan, Honda, Suzuki
Automotive aftermarket industry is witnessing various major disruptions such as changing consumer preferences, shifting competitive dynamics and digitization. Various new players are entering automotive aftermarket and established players are changing their business strategies to keep abreast of the changing pulse of the market.
Industry Insights
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The global automotive service, maintenance & repair market accounted for USD 425.4 Billion in 2018. Further, the market is expected to reach to a valuation of USD 562.7 Billion by the end of 2024. Moreover, it is anticipated to flourish at a CAGR of 4.0% during the forecast period i.e. 2019-2024.
Growth Drivers
Factors such as increasing sale of vehicles and rising average driving miles are expected to foster the growth of automotive service, maintenance & repair market. According to OICA, total sales of passenger cars accounted to 7,08,49,466 in 2017 and represented a growth of 1.9% as compared to 2016. Apart from this, increasing fleet of old vehicles is resulting in increased demand for automotive service, maintenance and repairs. Further, burgeoning middle-class population coupled with increasing disposable income in developing nations is positively impacting the growth of market. In major urban cities across the world, high spending on household transportation budgets has been observed which has led to rapid rise in middle-class vehicle ownership. This increasing sale of passenger car will bring healthy gains adding significant momentum to global growth.
Favorable government agencies regulations regarding pollution emission are also favoring the growth of the market. These stringent government regulations have swayed automotive aftermarket and replacement 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.
Passenger cars, one of the segments analyzed in this report, showcase highest growth rate and is anticipated to grow over CAGR of 4.9% during forecast period i.e. 2019-2024.
Segmentation
The research offers a comprehensive analysis of automotive service, maintenance & repair market with respect to following sub-markets:
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
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as;
- Toyota
- Volkswagen Group
- Hyundai
- General Motors
- Ford
- Nissan
- Honda
- Suzuki
- Diamler
- BMW
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in automotive service, maintenance & repair market.
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Table of Content
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, (2018-2024)
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), 2018-2024
9.5. Service Size & Forecast (USD Million), 2018-2024
9.6. Repair Size & Forecast (USD Million), 2018-2024
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), 2018-2024
10.5. Light Commercial Vehicle Size & Forecast (USD Million), 2018-2024
10.6. Heavy Commercial Vehicle Size & Forecast (USD Million), 2018-2024
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), 2018-2024
11.5. Independent Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12. Geographical Analysis
12.1. Introduction
12.2. North America Market Size (USD Million), 2018-2024
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), 2018-2024
12.2.1.5. Service Size & Forecast (USD Million), 2018-2024
12.2.1.6. Repair Size & Forecast (USD Million), 2018-2024
12.2.2. By Vehicle Type
12.2.2.1. Introduction
12.2.2.2. Market Attractiveness, By Vehicle Type
12.2.2.3. BPS Analysis, By Vehicle Type
12.2.2.4. Passenger Car Size & Forecast (USD Million), 2018-2024
12.2.2.5. Light Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.2.2.6. Heavy Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.2.3. By Service Provider
12.2.3.1. Introduction
12.2.3.2. Market Attractiveness, By Service Provider
12.2.3.3. BPS Analysis, By Service Provider
12.2.3.4. Authorized Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.2.3.5. Independent Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.2.4. By Country
12.2.4.1. Market Attractiveness, By End-user
12.2.4.2. BPS Analysis, By End-User
12.2.4.3. U.S. Market Size (USD Million), 2018-2024
12.2.4.3.1. Canada Market Size (USD Million), 2018-2024
12.3. Europe Market Size (USD Million), 2018-2024
12.3.1. By Offering
12.3.1.1. Introduction
12.3.1.2. Market Attractiveness, By Offering
12.3.1.3. BPS Analysis, Offering
12.3.1.4. Maintenance Size & Forecast (USD Million), 2018-2024
12.3.1.5. Service Size & Forecast (USD Million), 2018-2024
12.3.1.6. Repair Size & Forecast (USD Million), 2018-2024
12.3.2. By Vehicle Type
12.3.2.1. Introduction
12.3.2.2. Market Attractiveness, By Vehicle Type
12.3.2.3. BPS Analysis, By Vehicle Type
12.3.2.4. Passenger Car Size & Forecast (USD Million), 2018-2024
12.3.2.5. Light Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.3.2.6. Heavy Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.3.3. By Service Provider
12.3.3.1. Introduction
12.3.3.2. Market Attractiveness, By Service Provider
12.3.3.3. BPS Analysis, By Service Provider
12.3.3.4. Authorized Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.3.3.5. Independent Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.3.4. By Country
12.3.4.1. Market Attractiveness, By Country
12.3.4.2. BPS Analysis, By Country
12.3.4.3. Germany Market Size (USD Million), 2018-2024
12.3.4.4. United Kingdom Market Size (USD Million), 2018-2024
12.3.4.5. France Market Size (USD Million), 2018-2024
12.3.4.6. Italy Market Size (USD Million), 2018-2024
12.3.4.7. Spain Market Size (USD Million), 2018-2024
12.3.4.8. Russia Market Size (USD Million), 2018-2024
12.3.4.9. Rest of Europe Market Size (USD Million), 2018-2024
12.4. Asia Pacific Market Size (USD Million), 2018-2024
12.4.1. By Offering
12.4.1.1. Introduction
12.4.1.2. Market Attractiveness, By Offering
12.4.1.3. BPS Analysis, Offering
12.4.1.4. Maintenance Size & Forecast (USD Million), 2018-2024
12.4.1.5. Service Size & Forecast (USD Million), 2018-2024
12.4.1.6. Repair Size & Forecast (USD Million), 2018-2024
12.4.2. By Vehicle Type
12.4.2.1. Introduction
12.4.2.2. Market Attractiveness, By Vehicle Type
12.4.2.3. BPS Analysis, By Vehicle Type
12.4.2.4. Passenger Car Size & Forecast (USD Million), 2018-2024
12.4.2.5. Light Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.4.2.6. Heavy Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.4.3. By Service Provider
12.4.3.1. Introduction
12.4.3.2. Market Attractiveness, By Service Provider
12.4.3.3. BPS Analysis, By Service Provider
12.4.3.4. Authorized Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.4.3.5. Independent Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.4.4. By Country
12.4.4.1. Market Attractiveness, By Country
12.4.4.2. BPS Analysis, By Country
12.4.4.3. China Market Size (USD Million), 2018-2024
12.4.4.4. India Market Size (USD Million), 2018-2024
12.4.4.5. Japan Market Size (USD Million), 2018-2024
12.4.4.6. South Korea Market Size (USD Million), 2018-2024
12.4.4.7. Indonesia Market Size (USD Million), 2018-2024
12.4.4.8. Taiwan Market Size (USD Million), 2018-2024
12.4.4.9. Australia Market Size (USD Million), 2018-2024
12.4.4.10. New Zealand Market Size (USD Million), 2018-2024
12.4.4.11. Rest of Asia Pacific Market Size (USD Million), 2018-2024
12.5. Latin America Market Size (USD Million), 2018-2024
12.5.1. By Offering
12.5.1.1. Introduction
12.5.1.2. Market Attractiveness, By Offering
12.5.1.3. BPS Analysis, Offering
12.5.1.4. Maintenance Size & Forecast (USD Million), 2018-2024
12.5.1.5. Service Size & Forecast (USD Million), 2018-2024
12.5.1.6. Repair Size & Forecast (USD Million), 2018-2024
12.5.2. By Vehicle Type
12.5.2.1. Introduction
12.5.2.2. Market Attractiveness, By Vehicle Type
12.5.2.3. BPS Analysis, By Vehicle Type
12.5.2.4. Passenger Car Size & Forecast (USD Million), 2018-2024
12.5.2.5. Light Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.5.2.6. Heavy Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.5.3. By Service Provider
12.5.3.1. Introduction
12.5.3.2. Market Attractiveness, By Service Provider
12.5.3.3. BPS Analysis, By Service Provider
12.5.3.4. Authorized Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.5.3.5. Independent Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.5.4. By Country
12.5.4.1. Market Attractiveness, By Country
12.5.4.2. BPS Analysis, By Country
12.5.4.3. Brazil Market Size (USD Million), 2018-2024
12.5.4.4. Mexico Market Size (USD Million), 2018-2024
12.5.4.5. Rest of Latin America Market Size (USD Million), 2018-2024
12.6. Middle East & Africa Market Size (USD Million), 2018-2024
12.6.1. By Offering
12.6.1.1. Introduction
12.6.1.2. Market Attractiveness, By Offering
12.6.1.3. BPS Analysis, Offering
12.6.1.4. Maintenance Size & Forecast (USD Million), 2018-2024
12.6.1.5. Service Size & Forecast (USD Million), 2018-2024
12.6.1.6. Repair Size & Forecast (USD Million), 2018-2024
12.6.2. By Vehicle Type
12.6.2.1. Introduction
12.6.2.2. Market Attractiveness, By Vehicle Type
12.6.2.3. BPS Analysis, By Vehicle Type
12.6.2.4. Passenger Car Size & Forecast (USD Million), 2018-2024
12.6.2.5. Light Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.6.2.6. Heavy Commercial Vehicle Size & Forecast (USD Million), 2018-2024
12.6.3. By Service Provider
12.6.3.1. Introduction
12.6.3.2. Market Attractiveness, By Service Provider
12.6.3.3. BPS Analysis, By Service Provider
12.6.3.4. Authorized Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.6.3.5. Independent Automotive Repair Shop Size & Forecast (USD Million), 2018-2024
12.6.4. By Country
12.6.4.1. Market Attractiveness, By Country
12.6.4.2. BPS Analysis, By Country
12.6.4.3. GCC Market Size (USD Million), 2018-2024
12.6.4.4. North Africa Market Size (USD Million), 2018-2024
12.6.4.5. South Africa Market Size (USD Million), 2018-2024
12.6.4.6. Rest of Middle East & Africa Market Size (USD Million), 2018-2024
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