Automotive Repair and Maintenance Market Size, Share, Growth Report 2030

Automotive Repair and Maintenance Market

Automotive Repair and Maintenance Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Automotive Report Format : PDF Report Code: ZMR-5882 Status : Upcoming

The automotive repair and maintenance market encompasses various services, products, and technologies used for repairing and maintaining automobiles. This market includes services such as routine maintenance, collision repair, engine repair, and transmission repair.

Automotive Repair and Maintenance Market

Description

Global Automotive Repair and Maintenance Market: Overview

Automotive repair and maintenance are the services offered for the maintenance and repair of vehicles. It checks for the systems and components of the vehicle as well as their functioning in the vehicle technology which includes automatic transmissions, air conditioning, electronic management systems, reduction drives, hybrid & electronic drivelines, and engine configuration. Such automotive repair and maintenance services help in the easy and effective maintenance of commercial vehicles, cars, and other vehicles.

Global Automotive Repair and Maintenance Market: Growth Factors

The global automotive repair and maintenance market is growing at a faster rate. The rise in awareness for vehicle safety & maintenance, increase in the number of automotive repair & maintenance service providers, and growing demand for the services from the passenger as well as transport vehicles are the major factors that are fueling the growth of the global market. One of the basic reasons for regular repair and maintenance of the vehicles is that it ensures the safety of driving. Regular change in oil, checking cabin & air filters, brakes, and air pressure in the tires is very important as they are directly related to safety. It also maintains the value of the vehicle and lowers the running cost. In addition to this, regular repair and maintenance also prevents malfunctioning, increases the performance of the vehicle, ensure fuel efficiency, reduce pollution, lowers the operational cost. Due to all such important features of the services, there is a substantial rise in the growth of the global automotive repair and maintenance market. Moreover, the rise in adoption of vehicle diagnostic tools and increase in sales of the vehicles are also contributing to the growth of the global market. Furthermore, an increase in local shop owners and a rise in mergers & acquisitions among the key players may lead to opportunities for the growth of the global market during the forecast period. However, the high cost associated with the automotive repair & maintenance services and the unwillingness of the vehicle owners to invest in the maintenance is the factors hindering the growth of the global automotive repair and maintenance market.

The Covid-19 outbreak has adversely affected the growth of the global automotive repair and maintenance market. The rapid spread of the virus enforced the government to take the quick decision of complete lockdown, constraint on movement, and social distancing. Thus, most of the population across the world stayed at home during the pandemic. This affected the business of commercial and passenger vehicles. A drop in sales was also experienced due to a change in consumer behavior and a decrease in spending on non-essential goods. All these factors hampered the growth of the market amidst the Covid-19 pandemic.

Global Automotive Repair and Maintenance Market: Segmentation

The global automotive repair and maintenance market is bifurcated into service providers, parts & services, vehicle type, and region. Based on the service providers, the global automotive repair and maintenance market is segregated into locally owned repair shops/body shops, franchise general repairs, automotive dealerships, and others. Based on the parts & services, the global market is split into wears & tears parts, tires, batteries, collision body, and others. The vehicle type segment is divided into commercial vehicles and passenger vehicles.

Global Automotive Repair and Maintenance Market: Regional Analysis

Regionally, Asia Pacific region is estimated to hold the maximum share in terms of revenue in the global automotive repair and maintenance market over the forecast period. Factors such as an increase in the use of passenger vehicles, rise in demand for the services by the commercial vehicle owners, growing awareness for the safety of the vehicles, and increase in sales of the vehicles are the key factors that are primarily driving the growth of the automotive repair and maintenance market in this region. Europe holds the second position in the market due to the rise in the adoption of diagnostic systems and the rise in technological advancements.

Global Automotive Repair and Maintenance Market: Competitive Players

Firestone Complete Auto Care, Asbury Automotive Group Inc., Goodyear Tire & Rubber Co., Ashland Automotive Inc., Halfords Group plc., Driven Brands Inc., Belron International Ltd., Monro Muffler Brake Inc., Jiffy Lube International, Inc., and Sumitomo Corporation are some of the prominent players operating in the global automotive repair and maintenance market.

Global Automotive Repair and Maintenance Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global automotive repair and maintenance market is growing at a faster rate. The rise in awareness for vehicle safety & maintenance, increase in the number of automotive repair and maintenance service providers, and growing demand for the services from the passenger as well as transport vehicles are the major factors that are fueling the growth of the global automotive repair and maintenance market. Furthermore, an increase in local shop owners and a rise in mergers & acquisitions among the key players may lead to opportunities for the growth of the global automotive repair and maintenance market during the forecast period.

Firestone Complete Auto Care, Asbury Automotive Group Inc., Goodyear Tire & Rubber Co., Ashland Automotive Inc., Halfords Group plc., Driven Brands Inc., Belron International Ltd., Monro Muffler Brake Inc., Jiffy Lube International, Inc., and Sumitomo Corporation are some of the prominent players operating in the global automotive repair and maintenance market.

Regionally, Asia Pacific region is estimated to hold the maximum share in terms of revenue in the global automotive repair and maintenance market over the forecast period. Factors such as an increase in the use of passenger vehicles, rise in demand for the services by the commercial vehicle owners, growing awareness for the safety of the vehicles, and increase in sales of the vehicles are the key factors that are primarily driving the growth of the global automotive repair and maintenance market in this region. 

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