Press release
Automotive Repair & Maintenance Services Market Expected to Surge to USD 1,850 Billion by 2033, with a CAGR of 7.2%
Automotive Repair & Maintenance Services Market
This growth presents substantial opportunities for key players, driven by trends such as vehicle customization, increasing disposable incomes, and stringent automotive safety regulations. The rising demand for advanced technological features further enhances the market potential.
The market is poised for expansion due to the growing adoption of vehicle diagnostic tools and increased vehicle sales. Additionally, the rise of local repair shops and the prevalence of mergers and acquisitions among industry leaders are expected to create further growth opportunities.
Request for a Sample of this Research Report
https://www.futuremarketinsights.com/reports/sample/rep-gb-5335
Automotive service providers are increasingly adopting artificial intelligence for automated vehicle inspections. For instance, Scope Technology's collaboration with Microsoft's Azure cloud service aims to develop AI-driven inspection technology capable of performing visual inspections in under five minutes, significantly reducing costs by 50%.
The growing penetration of electric vehicles (EVs) is also contributing to market growth. Government initiatives promoting environmental sustainability and reducing crude oil dependency are accelerating EV adoption. Furthermore, the lower maintenance costs of battery electric vehicles, estimated to be about 40% less than those of internal combustion engine vehicles, are expected to drive continued market expansion.
Key Takeaways from the Automotive Repair & Maintenance Services Market Report:
United States automotive repair & maintenance services market is expected to grow with a CAGR of 6.8% during the forecast period.
The market in China is expected to grow with a CAGR of 7.1% during the forecast period.
By vehicle type, the passenger car segment is projected to grow with a significant CAGR of 7.4% during the forecast period.
The market in India is expected to grow with a CAGR of 7% throughout the forecast period.
Competitive Landscape:
The automotive repair & maintenance services market is extremely competitive, with various key industry players investing heavily in providing these services.
The key industry players are Arnold Clark Automobile Ltd., Asbury Automotive Group Inc., Ashland Automotive Group Inc., Belron International Ltd, Driven Brands Inc., Goodyear Tire & Rubber Company, Carmax Autocare Center, Firestone Complete Autocare, Halfords Group PLC, Monro Inc.
Key industry players are utilizing organic growth strategies like acquisitions, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global automotive repair & maintenance services market.
On November 4, 2022, Belron International Ltd. confirmed its submission of a Commitment Letter to the Science Based Targets initiative (SBTi). This letter signifies their determination to establish science-based emissions reduction targets, aligning with the objectives of the Paris Agreement
In March 2021, Monro, Inc. entered into an agreement to acquire Mountain View Tire & Service, Inc. The acquisition not only strengthens Monro, Inc.'s foothold in the western region but also expands its overall presence to a total of 116 stores, further positioning the company in an attractive market.
In July 2022, FullSpeed Automotive® announced its accelerated growth plans through acquisitions to expand to 1,000 units by the end of 2023. As a leading franchisor and operator of automotive aftermarket repair facilities, FullSpeed Automotive® is known for its flagship brands Grease Monkey® and SpeeDee Oil Change & Auto Service®.
In-Depth Market Analysis: A Complete Report
https://www.futuremarketinsights.com/reports/automotive-repair-and-maintenance-services-market-102017
Automotive Repair & Maintenance Services Market Segmentations:
By Services & Parts:
Engine Oil
Gear Oil
Brake Oil
Grease
Tires
Batteries
Wear & Tear Parts
Air Filter
Cabin Filter
Oil Filter
Wiper Blades
Others
By Service Providers:
Automobile Dealerships
Franchise General Repairs
Specialty Shops
Locally Owned Repair Shops
Tire Shops
Others
By Vehicle Type:
Passenger Cars
LCV
HCV
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Repair & Maintenance Services Market Expected to Surge to USD 1,850 Billion by 2033, with a CAGR of 7.2% here
News-ID: 3793705 • Views: …
More Releases from Future Market Insights Inc.
Oil & Gas Electrification Market Projected to Surge to USD 5 Billion by 2035, Dr …
The global oil & gas electrification market is set for remarkable expansion, with an estimated value of USD 2.1 billion in 2025 and a projected surge to USD 5.0 billion by 2035. This growth trajectory reflects a compound annual growth rate (CAGR) of 9.1%, driven by increasing investments in sustainable electrification technologies and heightened regulatory pressures aimed at reducing carbon emissions across the industry.
As the oil and gas sector faces…
Global Glassware Market to Reach USD 15.4 Billion by 2035, Driven by Rising Dema …
The global glassware market is on track to experience steady growth over the next decade, with a projected compound annual growth rate (CAGR) of 5.9% from 2025 to 2035. Valued at USD 8.7 billion in 2025, the market is expected to reach an impressive USD 15.4 billion by 2035. This growth is primarily attributed to the rising demand for high-quality, aesthetically appealing, and sustainable glassware products, particularly in the hospitality,…
nduction Hob Market Expected to Reach USD 58.2 Million by 2035, Driven by Growin …
The global Induction Hob Market is set to experience significant growth, with an estimated market value of USD 23.5 million in 2025 and a projected rise to USD 58.2 million by 2035, marking a compound annual growth rate (CAGR) of 9.5% over the forecast period. As consumers increasingly shift toward energy-efficient and technologically advanced cooking solutions, the induction hob sector is poised to benefit from a growing preference for safe,…
Automatic Bottle Opener Market to Reach USD 1.43 Billion by 2035, Driven by Cons …
The automatic bottle opener market is experiencing significant growth and is forecasted to reach USD 1.43 billion by 2035, up from USD 756.5 million in 2025. With a compound annual growth rate (CAGR) of 6.6%, the market is expected to evolve significantly over the next decade, propelled by the increasing popularity of automated home appliances and smart kitchen tools.
This surge is driven by the growing demand for convenient, easy-to-use solutions…
More Releases for Auto
Auto Leads: Revolutionizing Lead Generation for Auto Detailers
Auto Leads, a digital marketing company specializing in helping auto detailers grow their businesses, has quickly become a leader in lead generation for the industry. Founded by Austin Kennedy, a former auto detailer with three years of hands-on experience, Auto Leads offers a solution to help detailers attract high-quality customers, particularly for premium services like Ceramic Coating.
What Auto Leads Is
Auto Leads focuses on digital marketing solutions for auto detailing businesses,…
Winter Park Auto Repair: Cech Auto Unveils Auto Repair Financing, Expert Service …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730165920.png
Cech Auto announces the launch of flexible auto repair financing, offering Winter Park customers accessible payment solutions for essential vehicle maintenance and repairs.
A leading Winter Park auto repair [https://www.cechauto.com/] shop, Cech Auto unveils its new auto repair financing option, providing customers with flexible payment solutions for all repair services. With competitive financing plans available, Cech Auto makes essential vehicle maintenance and repairs more accessible, ensuring that customers can address…
Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide
Newsdesk, March 22, 2024 - Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide Employing state-of-the-art tools and technology, the company ensures a seamless, hassle-free experience for clients.
Auto Locksmith America, a prominent auto locksmith company headquartered in Mississippi, unveils its latest suite of services and enticing offers tailored to cater to a spectrum of auto locksmith needs. With nearly 14 years of steadfast service, the company stands as a beacon of…
Auto Chess Game Market | Auto Chess, Dota Auto Chess, Hearthstone, Honor Of King …
The global auto chess game market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the auto chess game market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
E-Commerce Automotive Aftermarket | (Flipkart, eBay, Auto Zone, Advance Auto Par …
The growing emergence of creative business models is one of the pivotal factors propelling e-commerce automotive aftermarket industry share. At present, the store, brokerage, and social commerce models have been intensely contributing toward the growth of online commerce. Taking into account the growing popularity of electronic commerce across the automotive sector, many giants in e-commerce automotive aftermarket have been making heavy investments to enhance their storage capacity by developing new…
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE
Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle.
The company provides…
