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Authorized Car Service Center Market 2023 - Business Outlook, Industry Insights, Regional Overview And Forecast To 2032
Authorized Car Service Center Market
Authorized Car Service Center Market Size, Growth Rate, And Forecast
The global authorized car service center market size is expected to grow from $210.57 billion in 2022 to $226 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global authorized car service center market size is expected to reach $284.77 billion in 2027 at a CAGR of 5.9%.
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Authorized Car Service Center Market Drivers
The rapid growth of the automobile industry is expected to boost the growth of the authorized car service center market going forward. The automobile industry refers to businesses engaged in the manufacture, distribution, retail, and upkeep of automobiles. In order to assure that the vehicles obtain authentic OEM (Original Equipment Manufacturer) parts and genuine services, vehicles are serviced at an authorized service center after purchase.
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Authorized Car Service Center Market Segments
• By Auto Body Workshop: OEM Authorized Workshops, Organized Multi-Brand Service Providers
• By Service: Engine, Transmission, Brakes, Suspension, Electrical, Body, Tire, Belts And Accessories
• By Vehicle Age: Less Than Three Years, More Than Three Years
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Authorized Car Service Center market.
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Authorized Car Service Center Market Key Players
Major competitors in the Authorized Car Service Center market include 3M, Volkswagen AG, Toyota Motor Corporation, BMW AG, Suzuki Motor Corporation, Robert Bosch GmbH.
The Business Research Company's "Global Authorized Car Service Center Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Authorized Car Service Center Market Include:
1. Executive Summary
2. Authorized Car Service Center Market Characteristics
3. Authorized Car Service Center Market Trends And Strategies
4. Authorized Car Service Center Market - Macro Economic Scenario
5. Authorized Car Service Center Market Size And Growth
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26. Africa Authorized Car Service Center Market
27. Authorized Car Service Center Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Authorized Car Service Center Market
29. Authorized Car Service Center Market Future Outlook and Potential Analysis
30. Appendix
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