Press release
Automotive Repair and Maintenance Market Trends That Will Shape the Next Decade: Insights from Revolutionizing Automotive Inspection With AI-Based Technology
Automotive Repair and Maintenance
Automotive Repair and Maintenance Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past few years, the automotive repair and maintenance market has seen substantial growth. The market size is expected to expand from $960.98 billion in 2024 to $1051.52 billion in 2025, marking a compound annual growth rate (CAGR) of 9.4%. Factors contributing to this growth during the historic period include an increase in disposable income, heightened concerns about e-waste leading companies to repurpose automotive parts, robust economic growth in emerging markets, and swift urbanization.
Automotive Repair and Maintenance Market Size Forecast: What's the Projected Valuation by 2029?
The market for automotive repair and maintenance is projected to experience robust growth in the upcoming years, expanding to $1469.64 billion by 2029 with a compound annual growth rate (CAGR) of 8.7%. The predicted growth during the forecast period can be credited to factors such as increased emphasis on sustainability, rising rates of vehicle breakdowns, and the cost-effectiveness of repairing old vehicles. Additionally, stricter government regulations on auto waste management and the high purchasing cost of vehicles are driving growth. Futuristic trends predicted for this period involve the embrace of predictive maintenance in vehicles, the incorporation of enhanced safety mechanisms, the use of advanced technology in service provision, the utilization of big data analytics tools for improved real-time business operations, and a keen focus on mergers and acquisitions to boost revenue and market share.
View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-repair-and-maintenance-global-market-report
What Are the Drivers Transforming the Automotive Repair and Maintenance Market?
The providers of automotive repair and maintenance services are progressively incorporating diagnostic devices into customer vehicles to enhance their service capabilities. They are using on-board diagnostics tools to monitor vehicle conditions and pinpoint potential issues by conducting diagnoses. For example, Koovers, an automobile maintenance service company, offers an onboard diagnostics tool to its registered customers. Upon detecting an error, their call center automatically contacts the client for necessary repair work. This allows auto-repair centers to identify the parts needed for the car's repair even before the car arrives for service, thereby decreasing wait time.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2235&type=smp
What Long-Term Trends Will Define the Future of the Automotive Repair and Maintenance Market?
Companies in the automotive repair and maintenance services sector are increasingly utilizing AI-based automated vehicle inspection technology for the examination of vehicles. These automated systems take multiple photographs of the vehicle as it enters the garage from several perspectives. These images are then transferred to a central computing system where they are compared to standard models to detect any discrepancies. A report is then produced outlining any detected issues in the car and the necessary corrective actions. For example, in January 2024, Amazon, an American technology corporation, introduced its AI-Powered Automated Vehicle Inspection (AVI) technology. This innovative AVI technology utilizes superior AI to identify any irregularities in delivery vans before they escalate to safety hazards, thereby improving fleet security and dependability. In partnership with UVeye, the system automates inspections, pinpointing problems such as tire defects that are typically hard to detect manually. It offers fleet supervisors exhaustive data, enabling them to keep track of recurring problems, enhance road safety, and avert potential breakdowns on the road. Due to AVI's scalability, it ensures safety across Amazon's extensive delivery network, which handles in excess of 20 million packages daily.
Which Segments in the Automotive Repair and Maintenance Market Offer the Most Profit Potential?
The automotive repair and maintenance market covered in this report 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 And Scooter
3) By Service Provider: Automotive Dealership, Franchise General Repair, Specialty Shop, Locally Owned Repair Shops Or Body Shop, Others
Subsegments:
1) By Automotive Mechanical And Electrical Repair And Maintenance: Engine Repair And Maintenance, Transmission Repair, Brake System Repair, Electrical System Repair, HVAC System Repair, Suspension And Steering Repair
2) By Automotive Body: Collision Repair, Dent Repair, Frame Straightening, Body Panel Replacement
3) By Paint: Scratch and Dent Touch-Up, Full Repainting, Clear Coat Restoration, Custom Paint Jobs
4) By Interior: Upholstery Repair, Dashboard Repair, Carpet Replacement, Seat Reupholstering
5) By Glass Repair: Windshield Replacement, Chip Repair, Window Tinting, Side and Rear Glass Replacement
6) By Other Automotive Repair And Maintenance: Tire Repair And Replacement, Routine Maintenance (Oil Changes, Filter Replacements), Diagnostic Services, Performance Upgrades And Modifications
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2235&type=smp
Which Firms Dominate the Automotive Repair and Maintenance Market by Market Share and Revenue in 2025?
Major companies operating in the automotive repair and maintenance market include LKQ Corporation, Belron International Ltd., Monro Muffler Brake, Asbury Automotive Group Inc., Lookers PLC, Halfords, ComfortDelGro Corporation, Nextage Co., Ltd., Bigmotor Co., Ltd., Evergreen Motors, Kothari Auto Link Private Limited, Modi Motors Agencies Private Limited, China Grand Automobile Service Co., Ltd, Xianglong Borui Auto Services (Group) Co., Ltd., Sanhe Group, Changzhou Tourism Automobile Group Co., Ltd, Nanchong Kunhe Automobile Trading Co., Ltd., Kwik-Fit (GB), ATS Euromaster Ltd, Berlin Motor Works, A R German Motors, MAN Truck & Bus Deutschland GmbH, Mobivia SA, Euromaster France SNC, Carglass SAS, Hyundai Motor Manufacturing Rus Limited Liability Company, Nokian Shina Ltd., Arkhangelski Tsbk, Ao, Limited Liability Company Pcma Rus, Tatneft-Azs-Severo-Zapad, Ooo, Llc Bridgestone C.I.S., Societe A Responsabilite Limitee Peugeot Citroen RuS, Midas International, Meineke Car Care Centers, CARSTAR Franchise Systems, AAMCO Transmissions and Total Care, Precision Tune Auto Care, Christian Brothers Automotive, Tuffy Tire and Auto Service, Milex Complete Auto Care/Mr. Transmission, Honest-1 Auto Care, Darlon Wilian Da Silva Gusmao, Ademir Vacari, Auto Socorro Do Careca Ltda, Neutrans S.A., Bosch Car Service, Z F Services Middle East L.L.C, Emrill Services L.L.C, Amana Contracting & Steel Building Company - W L L, Al Naboodah Contracting Co. (L.L.C), Saeed Mohd. Al Ghandi & Sons, Ag Facilities Solutions L.L.C, Al Futtaim Auto & Machinery Company (Llc) - Famco, Al Shirawi Enterprises (L.L.C), Yanfeng South Africa Automotive Interior Systems (Pty) Ltd, Germatic Autobody CC, Kempster Sedgwick (Pty) Ltd, Prommac (Pty) Ltd, Federal-Mogul Of South Africa (Pty) Ltd, Tracker Connect (Pty) Ltd
Which Regions Offer the Highest Growth Potential in the Automotive Repair and Maintenance Market?
Western Europe was the largest region in the automotive repair and maintenance market in 2024. 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
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2235
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 310-496-7795
Asia +44 2071930708
Europe +44 7882 955267
Email us at info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 and Maintenance Market Trends That Will Shape the Next Decade: Insights from Revolutionizing Automotive Inspection With AI-Based Technology here
News-ID: 4108203 • Views: …
More Releases from The Business Research Company
Technological Advancements With App Based Subscription Programs Industry Trends …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Car Washing Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the car washing service market size has been expanding at a consistent rate. It is projected that from $30.1 billion in 2024, it will surge to $30.75 billion in 2025, with…
Major Growth Driver Identified in 2025 Well Intervention Market: Rising Energy D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Well Intervention Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the well intervention market has seen consistent growth over the past few years. The market, which will increase from $9.39 billion in 2024 to $9.84 billion in 2025 at a compound annual…
Growing E-Commerce Sector Fuels Demand For Telephone Call Centers: Critical Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Telephone Call Centers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for telephone call centers has seen a slight rise in recent years. The market value is predicted to increase from $136.61 billion in 2024 to $138.62 billion in 2025, maintaining a compound…
Private Household Services Market Expansion Continues, with Forecast Valuation o …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Private Household Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a significant expansion in the private household services market size in the past few years. This market will see an escalation from $321.58 billion in 2024 to $351.99 billion in 2025,…
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…
