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Automotive Repair and Maintenance Services Market Opportunity Analysis, 2019 – 2027

Author: Sumit Patil
by Sumit Patil
Posted: Jul 20, 2019
maintenance services

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Automotive repair and maintenance services are provided to keep passenger cars as well as commercial vehicles in running condition by complex diagnostics form tire and wheel alignments to oil changes. Some parts of the vehicles such as brakes, engine, filters, and batteries are not inspected visually, hence, regular maintenance and repair services are important for them for increasing the efficiency of the vehicle. Moreover, regular oil change, brake repair, air conditioning service, and wheel alignment also contributes for increasing the life of the vehicle.

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Market Dynamics

Growth of global automotive repair and maintenance services market is attributed to increase in awareness regarding the vehicle maintenance and the vehicle safety. Furthermore, the availability of several independent auto services and maintenance service providers, availability of service flexibility, cost competitiveness, reliable maintenance services, and poor quality of road infrastructure across the globe is expected to boost the demand for automotive repair and maintenance services over the forecast period. Moreover, increasing number of vehicles on the road across the globe is expected to boost the global automotive repair and maintenance services market during the forecast period. For instance, according to World Economic Forum, the number of cars on the roads is expected to get double by the year 2040, globally. Furthermore, most of this transport growth is going to take place in emerging markets such as China and India, as global population is set to increase by another two billion over the next 25 years to 9.2 billion.

Vehicles that are not serviced regularly are prone to meet accidents hence, they require repair and maintenance services on a regular basis to ensure vehicle safety. Periodic maintenance of vehicle reduces the possibility of crashes and delays due to unscheduled downtime. Some of the vehicle components that require regular service and maintenance are vehicle engines, tires, brakes, etc. which fuels the growth of global automotive repair and maintenance services market.

Some of the key players operating in the global automotive repair and maintenance services market include Arnold Clark Automobiles Limited, Asbury Automotive Group, Inc., B&S Chevron Service., Driven Brands, Inc., Firestone Complete Auto Care, Goodyear Tire & Rubber Company, Jiffy Lube International Inc., Lookers Group, Monro Muffler Brake, Pendragon Vehicle Management, Phillips 66 (Erst. Conoco Phillips), Shell Valvoline and others.

Detailed Segmentation:

  • Global Automotive Repair and Maintenance Services Market, By Vehicle Type:

    • Bikes and Scooters

    • Passenger Cars

    • Commercial Vehicles

  • Global Automotive Repair and Maintenance Services Market, By Service Providers:

    • Automobile Dealerships

    • Franchise General Repairs

    • Locally Owned Repair Shops/ Body Shops

    • Specialty Shops

    • Tire Shops

  • Global Automotive Repair and Maintenance Services Market, By Type of Services:

    • Mechanical Services

    • Exterior and Structural Services

    • Electrical Services

    • Electronics Services

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About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various reco

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Author: Sumit Patil

Sumit Patil

India

Member since: Feb 27, 2019
Published articles: 193

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