India Multi Brand Car Servicing Market is expected to reach over INR 370 crore by FY’2020: Ken Research

Ken Research announced the latest publication on “India Multi Brand Car Servicing Market Outlook to 2020 - Used Car Sales and Expansion of Service Network to Drive Future” which provides a comprehensive analysis of the Multi Brand Car Servicing Industry in India. The report covers various aspects such as market size of the multi brand car servicing market on the basis of revenues, segmentation on the basis of regions, warranty status, car type and service split and detailed competitive landscape of major players in car servicing segment. The report is useful for industry consultants and analysts, service center managers and owners and new players venturing in the market.

The emergence of organized players in multi brand car service market occurred owing to the attractiveness of huge potential in passenger car service market. The market size for organized multi brand car service centers, evaluated at INR ~ million in FY’2015. The market is currently dominated by organized authorized OEMs workshops and independent small garages. The post warranty vehicle (>4 years) service market was mainly captured by small independent local garages while before 4 years, car owners usually get their cars serviced from authorized dealers. The multi-brand car service chains have positioned themselves in between these 2 segments leading to greater competition from both the market segments.

According to the research report, in the forecasted period till FY’2020, the market is poised to grow with the number of multi brand service center likely to reach around ~ by FY’2020. In terms of revenues, the sector is likely to report revenues worth INR ~ million by FY’2020, with a CAGR of ~% in FY’2015-FY’2020.

“Appropriate business model selection is amongst major decision that a business has to make before starting its operations. Until now, there has been no established model for success of these service providers. An ideal business model should be the combination of CoCo and FoFo service centers which can help the company to maintain their cash flow while extending their network presence in different regions through franchisee.” according to the Market Research Analyst, Ken Research.

Key Topics Covered in the Report:

India Multi Brand Car Servicing Market

Market Size by Revenues
Market Segmentation by
Region
Warranty Status
Service Split
Car Type
Customer Profile by
Age
Consumer Class
Booking Mode
Comparative analysis with OEM’s Service centers
Pricing Packages of major OEM service centers and Multi Brand service centers
Porter’s Model for India Multi Brand Car Service Market
Government Regulations
Franchise Requirements for Multi brand Car Service Centers in India
Company Profiles of Major Players in the Market
Key Decision Making Parameters for Car Servicing- OEM Car Servicing V/S Multi Brand Car Servicing
Franchise requirements for multi brand car service centers in India
Case studies of various multi brand service providers
Recommendations on where to position in the market
Future Outlook
Cause and Effect Relationship between Industry Factors and Growth of Industry
Analyst Recommendations
Macro Economic Parameters

Key Products Mentioned in the Report

Car Servicing, Road assistance, Car Insurance, Buy/Sell Used Cars

Companies Covered in the Report

Carnation Auto

Mahindra First Choice

MyTVS

Carz Care

Bosch Car Services

Maruti Suzuki

Hyundai

Honda

Tata Motors

Ford Chevrolet

source : https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-multi-brand-car-servicing-report/10745-100.html

Related Reports:

Mahindra First Choice Wheels Limited - Company Analysis

India Self Drive Car Rental Market Outlook to 2020 - Rising Customer Aspirations and Easy Availability of Renting Options to Boost Future Growth

India Car Finance Industry Outlook to 2020 - Driven by Spurring Car Sales and Reduction in Average Ownership Period

India Used Car Market Outlook to 2020 - Growing Preference and Emergence of Web Aggregators

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

India Multi Brand Car Service Market Outlook to 2020- Used Car Sales and Expansion of Service Network to Drive Future” provides a comprehensive analysis of the Multi Brand Car Servicing Industry in India

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

This release was published on openPR.