Press release
Automotive Repair And Maintenance Market Research Report 2020-30: Popular Trends, Technological Advancements And Opportunities | Covid 19 Impact And Recovery
The global automotive repair and maintenance market is expected to decline from $693.5 billion in 2019 to $691.7 billion in 2020 at a compound annual growth rate (CAGR) of -0.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $828.6 billion in 2023.
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The automotive repair and maintenance market consists of sales of automotive repair and maintenance services by entities (organizations, sole traders and partnerships) that provide automotive repair and maintenance services for passenger automobiles, commercial vehicles and motorcycles and bicycles.
Companies involved in the automotive repair and maintenance are increasingly IoT technology to enhance repairs, restorations and maintenance of automobiles and improve their efficiency. Repair and maintenance companies use IoT to enable sensors inside vehicles to connect to manufacturers in order to get real-time status of car components.
Automotive Repair and Maintenance Market Segmentation: -
By Type
1. Automotive Mechanical and Electrical Repair and Maintenance
2. Automotive Body, Paint, Interior, and Glass Repair
3. Other Automotive Repair and Maintenance
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Automotive Repair and Maintenance Market Characteristics
4. Automotive Repair and Maintenance Market Product Analysis
5. Automotive Repair and Maintenance Market Supply Chain
……………
20. Automotive Repair and Maintenance Market Competitive Landscape
21. Key Mergers And Acquisitions In The Automotive Repair and Maintenance Market
22. Market Background: Repair and Maintenance Market
23. Recommendations
24. Appendix
The report covers the trends and market dynamics of the automotive repair and maintenance market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the automotive repair and maintenance market are Arnold Clark Automobiles Limited; Asbury Automotive Group; Ashland Automotive; Belron International Ltd.; Carmax Autocare Center
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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