Jan 30, 2023 3 min read

Global Automotive Repair and Maintenance Services Market Industry Trends, Segmentation, Business Opportunities & Forecast To 2029

Global Automotive Repair and Maintenance Services Market was valued at US$ 536.55 Bn in 2021 and is expected to reach US$ 832.85 Bn by 2029 at a CAGR of 5.65 % during the forecast period.

Market Scope:

The Automotive Repair and Maintenance Services market study provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies.The growth amongst these segments will help to analyze the industries and provide the users with a valuable market overview and market insights to make strategic decisions for identifying core market applications. Bottom-up approache has been used to collect the data and analyse the market to figure out market size by volume and value by mentioned segments.

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Dynamics :

During the projection period, there is expected to be a growth in demand for automotive repair and maintenance services due to rising awareness of vehicle maintenance and safety. The market for automotive repair and maintenance services is anticipated to grow during the projected period due to the availability of several independent auto service and maintenance providers.

Segmentation:

The automobile repair and maintenance services market is segmented into automotive dealerships, locally owned repair shops, general franchise repairs, and others in terms of service providers. According to estimates, the industry will increase mostly due to the car dealership segment. Due to the rise in consumer preference for locally-owned businesses, the number of different locally owned repair shops is also expanding rapidly.

Key Players:

Major Key Players in the Automotive Repair and Maintenance Services market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research involved a study of the top manufacturers' annual and financial reports, while primary research was done through interviews with company key persons and industry professionals such as experienced front-line staff, CEOs, and marketing executives. The following firms are the most important players in the Automotive Repair and Maintenance Services market:

• Asbury Automotive Group
• Goodyear Tire & Rubber Company
• Lookers Group
• Monro Muffler Brake
• Pendragon Vehicle Management
• Christopher Auto Repair
• Driven Brands, Inc.
• Ashland Automotive, Inc.
• Belron International Ltd.
• Carmax Autocare Center
• Jiffy Lube International, Inc.
• Goodyear Tire & Rubber Company
• Halfords Group Plc.
• Firestone Complete Auto Care
• ABRA Automotive Systems LP.
• Halfords Group plc
• Sumitomo Corporation
• Conroe's Choice Automotive
• C.A.R.S Complete Auto Repair Services
• Arnold Clark Automobiles Limited

Regional Analysis:

Individual market influencing elements and variances in market regulations that impact present and future market trends are also included in the regional summary of the Automotive Repair and Maintenance Services market study. The study gives insight into the growth dynamics of the Automotive Repair and Maintenance Services market in regions such as the Middle East and Africa, Asia Pacific, Europe, North America, and Latin America.

COVID-19 Impact Analysis on Automotive Repair and Maintenance Services Market:

Since the beginning of the global crisis, the impact on the upstream, downstream, and midstream industries has been disastrous. The study provides a quick-to-deploy way of dealing with such emergencies and leading the worldwide Automotive Repair and Maintenance Services market toward sustainable growth and logical advancement.

The worldwide Automotive Repair and Maintenance Services market has been seeing new dynamics as a result of the pandemic, needing new business models and techniques to recover growth and income sources.

Key Questions Answered in the Automotive Repair and Maintenance Services Market Report are:

In 2021, which segment held the most proportion of the Automotive Repair and Maintenance Services market?
What is the current state of the Automotive Repair and Maintenance Services market?
What are the primary factors driving Automotive Repair and Maintenance Services market growth?
Who Are the Global Market's Key Players in the Automotive Repair and Maintenance Services Business?
What will be the Automotive Repair and Maintenance Services market's CAGR throughout the projected period (2022-2029)?

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