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Automotive Repair and Maintenance Services Market

Automotive Repair and Maintenance Services Market Size, Share and 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), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1049 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Automotive Repair and Maintenance Services Market Size was valued at USD 690 billion in 2021 and is expected to reach USD 958.02 billion by 2028 and grow at a CAGR of 4.8% over the forecast period 2022-2028.

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.

Automotive Repair and Maintenance Services Market Revenue Graph

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

Automotive Repair and Maintenance Services Market Segment Chart

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

Automotive Repair and Maintenance Services Market Report scope:
Report Attributes Details
Market Size in 2021 US$ 690  Billion
Market Size by 2028 US$ 958.02 Billion
CAGR CAGR of 4.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :


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 the Ukraine-Russia War

 

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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Secondary Research

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