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Automotive Repair and Maintenance Market Report: Competitive Landscape, SWOT Analysis, Opportunities And Challenges, Growth By 2031
Automotive Repair and Maintenance Market
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The global automotive repair and maintenance market report by the business research company Automotive repair and maintenance service providers are increasingly installing diagnostic devices to be a major growth driver for the automotive repair and maintenance market. On-board diagnostics tools are being used to track vehicle conditions and identify potential problems by running diagnoses. For instance, Koovers, a car maintenance services provider, fits an on-board diagnostics tool for its registered customers. Its call center picks up the error reported by the tool and connects with the customer for required repair work. This enables garages to check for required parts for the car even before the car is brought in for service thus reducing wait time.
The global automotive repair and maintenance market grew from $750.84 billion in 2021 to $830.83 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The automotive repair and maintenance market is expected to grow to $1,110.85 billion in 2026 at a CAGR of 7.5%.
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Western Europe was the largest region in the automotive repair and maintenance market in 2021. Asia Pacific was the second largest region in the automotive repair and maintenance market. The regions covered in the automotive repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major players in the automotive repair and maintenance market are LKQ Corporation, LeasePlan Corporation N.V., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc., Nippon Express Co., Ltd., Lookers PLC, Halfords, ComfortDelGro Corporatio and A2B Australia Ltd
The global automotive repair and maintenance market is segmented -
1) By Type: Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, Interior, and Glass Repair, Other Automotive Repair and Maintenance
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Bike & Scooter
3) By Service Providers: Automotive Dealership, Franchise General Repair, Specialty Shop, Locally Owned Repair Shops/Body Shop, Others
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The Automotive repair and maintenance market Report Contents Include
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
.......
22. Key Mergers And Acquisitions In The Automotive Repair and Maintenance Market
23. Market Background: Repair and Maintenance Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
This 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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