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Automotive Repair & Maintenance Services Market worth $839.88 billion by 2030, growing at a CAGR of 7.39% - Exclusive Report by 360iResearch
Automotive Repair & Maintenance Services Market | 360iResearch
The Global Automotive Repair & Maintenance Services Market to grow from USD 509.66 billion in 2023 to USD 839.88 billion by 2030, at a CAGR of 7.39%.
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Automotive repair and maintenance services encompass many businesses providing vehicle care solutions, including general repair shops, bodywork centers, specialized service providers, and car dealerships with service departments. These services are essential in maintaining vehicles' performance, safety, and longevity by addressing engine failure, wear-and-tear parts replacement, accidental damage repair, preventive maintenance tasks, diagnostic checks, tire services, and alignment. Increasing vehicle ownership globally, expanding urbanization, rising awareness about vehicular safety and environmental concerns, and advancements in automotive technology are leading to advanced complexity in-vehicle systems that require professional servicing, repairs, and maintenance. Government regulations for emission control necessitate regular checks, outsourcing of fleet management operations by organizations, and growth of eCommerce, which result in higher demand for last-mile delivery vehicles requiring timely maintenance. However, high costs and limited availability of skilled technicians may reduce the adoption of automotive repair & maintenance services. Moreover, the surge in the adoption of electric vehicles and the use of AR & VR services for automotive repair are expected to increase the adoption of automotive repair & maintenance.
The presence of a large number of independent service providers, franchised workshops, and dealership-owned facilities and the adoption of technologically advanced vehicles are expanding the use of automotive repair and maintenance services in the Americas. Stringent regulations related to environmental protection and vehicle safety coupled with periodic technical inspection of vehicles to ensure compliance with emissions standards are resulting in increased adoption of automotive repair and maintenance in the EMEA region. Growing demand for personal vehicles, government initiatives supporting green mobility solutions, and a well-established network of maintenance providers offering high-quality services are encouraging the growth of automotive repair & maintenance in the APAC region. Additionally, the adoption of breakthrough technologies such as telematics, digital diagnostics tools, and data analytics by automotive repair & maintenance service providers is anticipated to increase car owners' adoption of automotive repair & maintenance services worldwide.
Market Segmentation & Coverage:
This research report categorizes the Automotive Repair & Maintenance Services Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Exterior & Structural, Maintenance Services, and Mechanical. The Exterior & Structural is further studied across Body Repair, Controls, Modules & Sensors, Electrical, Lighting System, and Windows & Glass. The Maintenance Services is further studied across Schedule Repair Service and Unscheduled Maintenance Service. The Mechanical is further studied across Brakes, Drivetrain, Engine, Exhaust System, Filters, Lubricant, Steering & Suspension, Tires, and Wheels. The Maintenance Services is projected to witness significant market share during forecast period.
Based on Service Provider, market is studied across Franchise General Repairs, Local Garage, OEM Authorized Service Centers, and Tire Stores & Repair Chains. The Local Garage is projected to witness significant market share during forecast period.
Based on Vehicle, market is studied across Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Cars, and Two Wheelers. The Passenger Cars is further studied across Personal Car and Shared Car. The Heavy Commercial Vehicle is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.31% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Repair & Maintenance Services Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Repair & Maintenance Services Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Repair & Maintenance Services Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AAMCO Transmissions Inc., Arnold Clark Automobiles Limited, Asbury Automotive Group, Inc., Ashland Automotive, Inc., Automotive Technology Products LLC, Belron International Ltd., Bridgestone Corporation, CarMax Enterprise Services, LLC, CARSTAR Franchise Systems Inc., Continental AG, Denso Corporation, Driven Brands, Inc., Faurecia SE, Firestone Complete Auto Care, Goodyear Tire & Rubber Company, Halfords Group PLC, Honeywell International, Inc., International Automotive Components Group GmbH, Jiffy Lube International, Inc., Johnson Controls, Inc., Magna International Inc., Mann+Hummel Group, Martinrea International Inc., Meineke Car Care Centers, LLC, Mitsuba Corporation, Robert Bosch GmbH, Speedee Worldwide, LLC, Tenneco Inc., and Ziebart International Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Repair & Maintenance Services Market, by Type
7. Automotive Repair & Maintenance Services Market, by Service Provider
8. Automotive Repair & Maintenance Services Market, by Vehicle
9. Americas Automotive Repair & Maintenance Services Market
10. Asia-Pacific Automotive Repair & Maintenance Services Market
11. Europe, Middle East & Africa Automotive Repair & Maintenance Services Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Repair & Maintenance Services Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Repair & Maintenance Services Market?
3. What is the competitive strategic window for opportunities in the Automotive Repair & Maintenance Services Market?
4. What are the technology trends and regulatory frameworks in the Automotive Repair & Maintenance Services Market?
5. What is the market share of the leading vendors in the Automotive Repair & Maintenance Services Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Repair & Maintenance Services Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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