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.
Automotive Repair And Maintenance Services Market Report Snapshots
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