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

Automotive Repair And Maintenance Services MarketSize and Trends

Global Automotive Repair and Maintenance Services Market: Regional Insights

North America held a dominant position in the Global Automotive Repair and Maintenance Services Market in 2022 with more than 29% of the market share. The automotive repair and maintenance services market in the Asia Pacific region is expected to expand at a relatively high CAGR over the forecast period. Asia Pacific is considered to be the second-largest market for automotive repair and service market.

Market Trends:

Mergers and acquisitions among major market players are major trend

Key players in the market are focused on various strategic activities such as mergers and acquisitions, in order to enhance their market presence.

Growing adoption of remove vehicle diagnostics systems

Remote vehicle diagnostics systems enable real-time monitoring of vehicle parameters to assess its performance against benchmarks. Remote diagnostics system has gained significant traction in commercial and utility vehicles, owing to technological advancements in vehicles and increasing focus on vehicle safety and connected cars. Moreover, authorized dealers are laying emphasis on utilizing their capabilities and providing advanced services such as remote diagnosis to earn competitive advantage in the market.