Report Scope & Overview:
Automotive Repair and Maintenance Services Market Size was valued at USD 723.12 billion in 2022 and is expected to reach USD 1052 billion by 2030 and grow at a CAGR of 4.8% over the forecast period 2023-2030.
Companies in the Automotive Repair and Service Market provide aftermarket vehicle maintenance and servicing to extend the vehicle's life by replacing consumable products such as batteries, wear & tear parts, air filters, cabin filters, oil filters, and wipers blades, collision body, starters & alternators, and others. Because there are so many competitors and local suppliers to complete the jobs, the Automotive Repair and Service Market is fragmented.
The automotive repair and maintenance market is made up of businesses such as single traders, associations, and organizations that provide automotive repair and maintenance services for passenger cars, cruisers, commercial vehicles, and motorcycles. Over the last few years, the automobile repair and maintenance business has experienced tremendous growth. This trend is expected to continue, with more people requesting car repair and maintenance services for standard vehicle inspections to avoid problems.
MARKET DYNAMICS:
KEY DRIVERS:
Due to technical developments, the average age of a vehicle has increased.
The average number of miles traveled per car is increasing.
People's increased awareness of road safety is fueling the rise of the vehicle repair and servicing industry.
RESTRAINTS:
The claimed market expansion is being hampered by a lack of rules governing car maintenance in developing markets.
The market is likely to be hampered by rising costs associated with repair and maintenance services.
OPPORTUNITIES:
Increasing the sales of used cars presents several opportunities for important businesses in the automotive repair and service industry.
Local business owners can tap into untapped potential by offering a comprehensive range of services.
Authorized dealership owners can charge a premium for maintenance services.
CHALLENGES:
Autonomous driving reduces accidents while also reducing maintenance intervals.
Electric vehicle adoption is increasing.
IMPACT OF COVID-19:
People’s interactions with businesses have evolved as a result of the pandemic, and auto dealerships are following suit, changing to how customers buy cars and obtain repairs. People are deciding to modify their existing autos in order to lengthen their lives and boost their trade-in value due to looming economic concerns. Despite the fact that fewer people are traveling to work or school due to the pandemic, people are nonetheless driving cars to avoid taking public transportation.
KEY PLAYERS:
Arnold Clark Automobiles Limited, Asbury Car Group, Inc., Ashland Automotive, Inc., Belron International Ltd., LKQ Corporation, Mobivia Groupe, Inter Cars, Mekonomen Group, Hance's European, EUROPART Holding GmbH, USA Automotive, CarParts.com, Inc., myTVS, M & M Auto Repair, Bosch Car Service, Halfords Group Plc, Wrench, Inc., Sun Auto Service. Carmax Autocare Center, Firestone Complete Auto Care, Inc., Goodyear Tire & Rubber Company., Jiffy Lube International, Inc. and others are among the major players in the automotive repair and servicing business.
MARKET ESTIMATIONS:
Parts, service providers, vehicle type, and region are all used to segment the global Automotive Repair and Service Market. Engine oil, brake oil, grease, tires, starters & alternators, batteries, wear & tear parts, cabin filter, oil filter, wiper blades, collision body, lighting, exhaust components, and others are some of the items that are categorized.
Automobile dealerships, franchise general repairs, specialist shops, locally owned repair shops/body shops and others are the many types of service providers. The market is classified into three categories based on vehicle type: passenger automobile, light commercial vehicle, and heavy commercial vehicle.
MARKET SEGMENTATION:
By Type:
Mechanical
Exterior & Structural
Electrical
Maintenance Services
Others
By Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Service Providers:
Franchise General Repairs
OEM Authorized Service Centers
Tire Stores & Repair Chains
Others
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REGIONAL ANALYSIS:
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are all represented in the worldwide automotive repair and maintenance services industry. Each of these zones is further divided into nations. North America now owns the biggest market share and is expected to maintain its position in the next years. Personal vehicle owners spend more on oil changes, air conditioning, exterior painting, tire repairs, filter changes, and other automobile repair and maintenance services, resulting in significant revenue for the area market. The existence of major vehicle manufacturers such as Hyundai, Toshiba, and Mahindra, on the other hand, would aid the Asia Pacific in generating the fastest revenues during the predicted period.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 723.12 Billion |
| Market Size by 2030 | US$ 1052 Billion |
| CAGR | CAGR of 4.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Mechanical, Exterior & Structural, Electrical, Maintenance Services, Others) • by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) • by Service Providers (Franchise General Repairs, OEM Authorized Service Center, Tire Stores & Repair Chains, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Arnold Clark Automobiles Limited, Asbury Car Group, Inc., Ashland Automotive, Inc., Belron International Ltd., LKQ Corporation, Mobivia Groupe, Inter Cars, Mekonomen Group, Hance's European, EUROPART Holding GmbH, USA Automotive, CarParts.com, Inc., myTVS, M & M Auto Repair, Bosch Car Service, Halfords Group Plc, Wrench, Inc., Sun Auto Service. Carmax Autocare Center, Firestone Complete Auto Care, Inc., Goodyear Tire & Rubber Company., Jiffy Lube International, Inc. |
| Key Drivers | Due to technical developments, the average age of a vehicle has increased. The average number of miles traveled per car is increasing. |
| RESTRAINTS | The claimed market expansion is being hampered by a lack of rules governing car maintenance in developing markets. The market is likely to be hampered by rising costs associated with repair and maintenance services. |
The market is grown at a CAGR of 4.8 % From 2023 to 2030.
The market is expected to reach US$ 1052 Billion by 2030.
The major players are rnold Clark Automobiles Limited, Asbury Car Group, Inc., Ashland Automotive, Inc., Belron International Ltd., LKQ Corporation, Mobivia Groupe, Inter Cars, Mekonomen Group, Hance's European, EUROPART Holding GmbH, USA Automotive, CarParts.com, Inc., myTVS, M & M Auto Repair, Bosch Car Service, Halfords Group Plc, Wrench, Inc., Sun Auto Service., and others in the final report.
The forecast period of the Automotive Repair and Maintenance Services Market is 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Repair and Maintenance Services Market Segmentation, by Type
8.1 Mechanical
8.2 Exterior & Structural
8.3 Electrical
8.4 Maintenance Services
8.5 Others
9. Global Automotive Repair and Maintenance Services Market Segmentation, by Vehicle Type
9.1 Passenger Cars
9.2 Light Commercial Vehicles
9.3 Heavy Commercial Vehicles
10. Global Automotive Repair and Maintenance Services Market Segmentation, by Service Provider
10.1 Franchise General Repairs
10.2 OEM Authorized Service Centers
10.3 Tire Stores & Repair Chains
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 USA Automotive
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Arnold Clark Automobiles Limited
12.3 Asbury Car Group, Inc.
12.4 Ashland Automotive, Inc.
12.5 Belron International Ltd.
12.6 LKQ Corporation
12.7 Mobivia Group
12.8 Inter Cars
12.9 Mekonomen Group
12.10 Hance's European
12.11 EUROPART Holding GmbH
12.12 CarParts.com, Inc.
12.13 myTVS
12.14 M & M Auto Repair
12.15 Bosch Car Service
12.16 Wrench, Inc.
12.17 Sun Auto Service.
12.18 Carmax Autocare Center
12.19 Driven Brands, Inc.
12.20 Firestone Complete Auto Care
12.21 Goodyear Tire & Rubber Company
12.22 Halfords Group Plc.
12.23 Jiffy Lube International, Inc.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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