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Automotive Service Maintenance & Repair market

Automotive Service, Maintenance & Repair Market - By Offerings (Maintenance, Service, Repair) By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) By Service Provider (Authorized Automotive Repair Shop, Independent Automotiv

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  • Status : Ongoing
  • Published on: Feb 2021
  • Report ID: KDMI-26
  • Available Format: PDF/Execel/DOC
  • Delivery Time: 24-48 hrs

Automotive aftermarket industry is witnessing various major disruptions such as changing consumer preferences, shifting competitive dynamics and digitization. Various new players are entering automotive aftermarket and established players are changing their business strategies to keep abreast of the changing pulse of the market.
Industry Insights.

The global automotive service, maintenance & repair market accounted for USD 425.4 Billion in 2019. Moreover, it is anticipated to flourish at a CAGR of 4.0% during the forecast period i.e., 2020-2025.

Growth Drivers

Factors such as increasing sale of vehicles and rising average driving miles are expected to foster the growth of automotive service, maintenance & repair market. According to OICA, total sales of passenger cars accounted to 7,08,49,466 in 2019 and represented a growth of 1.9% as compared to 2018. Apart from this, increasing fleet of old vehicles is resulting in increased demand for automotive service, maintenance, and repairs. Further, burgeoning middle-class population coupled with increasing disposable income in developing nations is positively impacting the growth of market. In major urban cities across the world, high spending on household transportation budgets has been observed which has led to rapid rise in middle-class vehicle ownership. This increasing sale of passenger car will bring healthy gains adding significant momentum to global growth.

Favorable government agencies regulations regarding pollution emission are also favoring the growth of the market. These stringent government regulations have swayed automotive aftermarket and replacement market. China, India, Japan, U.S., Germany and U.K. are believed to be key contributors to the growth of automotive service, maintenance & repair market during the forecast period.

Passenger cars, one of the segments analyzed in this report, showcase highest growth rate and is anticipated to grow over CAGR of 4.9% during forecast period i.e. 2020-2025.

Segmentation

The research offers a comprehensive analysis of automotive service, maintenance & repair market with respect to following sub-markets:

By Offerings

- Maintenance
- Service
- Repair

By Vehicle Type

- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle

By Service Provider

- Authorized Automotive Repair Shop
- Independent Automotive Repair Shop

By Geography

- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as;

- Toyota
- Volkswagen Group
- Hyundai
- General Motors
- Ford
- Nissan
- Honda
- Suzuki
- Diamler
- BMW
- Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion, and other market activities.

The study also provides company’s positioning and market share in automotive service, maintenance & repair market.

Timeline Considered for Analysis:

- 2019: Base Year

- 2020: Estimated Year

- 2020 to 2025: Forecasted Year

Research Scope and Deliverables

Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:

Industry report analyzes the global automotive service, maintenance & repair market by the following segments.

- Offerings
- Vehicle Type
- Service Provider

Geographic Market Analysis:

The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.

Customization: We also offers customization is in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Automotive Service, Maintenance & Repair Market Industry Report.

- What is the overall market size in 2019? What will be the market growth during the forecast period i.e., 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?


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