AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES MARKET ANALYSIS

Automotive Repair and Maintenance Services Market, By Services and Parts (Engine Oil, Gear Oil, Brake Oil, Grease, Tires, Batteries, Wear and Tear Parts, Air Filter, Cabin Filter, Oil Filter, Wiper Blades, Collision Body, Starters and Alternators, Lighting, Exhaust Components and Spark Plugs), By Service Provider (Automobile Dealerships, Franchise General Repairs, Specialty Shops, Locally owned repair shops, Tire Shops and Others), By Vehicle Type (Passenger Cars, LCV and HCV), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023
Code : CMI2796
Pages :130
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market News

Global Automotive Repair and Maintenance Services Market: Key Developments

Major market players are focusing on product launches in order to enhance their product portfolio. For instance,

In January, 2023 The company AutoNation, Inc. the largest auto retailer in the US, has revealed that it has successfully acquired RepairSmith, a full-service mobile solution for auto repair and maintenance with a notable operational footprint in the western and southern United States. RepairSmith is based in Los Angeles.

For instance, in June 2022, A wholly owned subsidiary of TVS Automobile Solutions Pvt. Ltd., MyTVS Accessories is a brand of car accessories. Ltd. launched its "Life360" digital platform to provide its clients with a selection of auto repair services. A three-year subscription cost $60 (INR 5,000) thanks to the adoption of a subscription-based business model. In addition to mechanical, collision and maintenance, diagnostic, roadside assistance, accessories, and vehicle services, it offered comprehensive repair services.

In June 2022, The American business YourMechanic, which offers mobile automotive repair and maintenance services to vehicle owners on-site, has been acquired by Wrench, a mobile vehicle services and technology marketplace. More than 35,000 zip codes will be serviced by the combined company's more than 20,000 monthly private and fleet vehicle customers.

In October 2022, A company devoted to auto repair, Caliber, announced that during the fourth quarter of 2021, it would purchase up to 17 collision repair facilities from American auto retailer AutoNation.