The Authorized Car Service Center Market

The authorized car service center market is worth around USD 200 billion in 2018. Authorized car service centers are independent or manufacturer-branded service centers that perform automotive repair & maintenance operations. The popularity of authorized car service centers is increasing due to the growing concerns over fake spare parts, advanced fuel systems, and ignition systems. To cater to the increasing demand, manufacturers are focusing on developing their own service centers. To stay competitive, automakers are implementing new strategies to drive the market.

The authorized car service center market in North America is anticipated to grow at a CAGR of 3.8% over the next five years. Growth will be driven by factors such as increased automobile ownership, increasing consumer preferences, and improving road infrastructure. As of September 2019, passenger car demand in the EU rose 14.5% to 1.2 million units. Leading automobile manufacturers such as General Motors, Ford, Nissan, and Tesla are opening new factories and expanding existing ones to increase their market share. Meanwhile, stringent government regulations and the growing popularity of electric vehicles will increase the demand for a car service center.

The growth of the authorized car service center market in North America is expected to continue to increase with the increasing popularity of automobiles. The rising number of cars on the roads will continue to boost demand for these services. According to the OICA, the number of registered passenger cars in the United States will reach 1.8 million units by 2024. Increasing demand for automobiles will also drive the need for regular servicing of vehicles. Further, the industry will be boosted by the rising awareness of government regulations requiring proper servicing and maintenance of vehicles.

In North America, the market for authorized car service centers is projected to grow at a CAGR of 3.8% through 2024. The growth will be fueled by the growing demand for passenger cars. In addition, a growing consumer consciousness and higher disposable income will increase the market's size. The organized multi-brand car service center segment is expected to grow at a CAGR of 2.5% from 2018 to 2024, due to low labor costs, transparent pricing estimates, and availability of quality spare parts. Moreover, other factors such as occasional offers will also support the growth of the segment.

The market for authorized car service centers is expected to grow at a CAGR of 2.4% from 2018 to 2024, due to growing demand for passenger cars. The growing consumer preferences and increasing investment in the automobile industry are driving the growth of this market. Additionally, the presence of leading domestic and global car manufacturers has led to an increase in the number of car services. Toyota, for example, plans to invest USD 13 billion in its U.S. operations through 2024.

The market for authorized car service centers in North America is expected to grow at a CAGR of 3.8% from 2018 to 2024. The region is expected to witness robust growth due to the increasing number of passenger cars and stringent government regulations. The demand for cars is growing at a CAGR of over 3% for passenger cars. It is predicted that the automotive industry will continue to increase at a moderately fast pace, with a 4.3% CAGR through 2024.

The authorized car service center market is expected to grow at a CAGR of 3.8% from 2018 to 2024. The industry is driven by growing consumer preferences and large-scale investments. By 2024, the market is expected to be worth USD 247 billion. By the end of the year, the market will witness a CAGR of 3.8%. As of January 2019, the United States was the largest region for car service centers, but the Asia Pacific region is expected to grow at a CAGR between three percent and four percent.

The market for authorized car service centers in Asia Pacific will grow at a CAGR of 3.8% through 2024. The region is driven by increasing customer preferences and large-scale investments in automobile manufacturing. The European Automobile Manufacturers' Association, or EAMA, reported that the EU's passenger car demand increased 14.5% in September 2019 to 1.2 million units. With the growing economy and increasing consumer confidence, global automobile manufacturers are investing in new production facilities to expand their market shares. In the United States alone, Toyota is slated to invest USD 13 billion in its operations by 2024.

We have 20 years experience in the automotive industry, Chris Whitton of Grafton Automotive Repairs continues to offer a comprehensive service for your vehicle. They can repair and service most makes and models of cars, four wheel drive, off road ve