Automotive Repair & Maintenance Services Market by Type (Exterior & Structural, Maintenance Services, Mechanical), Service Provider (Franchise General Repairs, Local Garage, OEM Authorized Service Centers), Vehicle - Global Forecast 2024-2030

Automotive Repair & Maintenance Services Market by Type (Exterior & Structural, Maintenance Services, Mechanical), Service Provider (Franchise General Repairs, Local Garage, OEM Authorized Service Centers), Vehicle - Global Forecast 2024-2030

The Automotive Repair & Maintenance Services Market size was estimated at USD 509.66 billion in 2023 and expected to reach USD 544.37 billion in 2024, at a CAGR 7.39% to reach USD 839.88 billion by 2030.

Automotive repair and maintenance services encompass many businesses providing vehicle care solutions, including general repair shops, bodywork centers, specialized service providers, and car dealerships with service departments. These services are essential in maintaining vehicles' performance, safety, and longevity by addressing engine failure, wear-and-tear parts replacement, accidental damage repair, preventive maintenance tasks, diagnostic checks, tire services, and alignment. Increasing vehicle ownership globally, expanding urbanization, rising awareness about vehicular safety and environmental concerns, and advancements in automotive technology are leading to advanced complexity in-vehicle systems that require professional servicing, repairs, and maintenance. Government regulations for emission control necessitate regular checks, outsourcing of fleet management operations by organizations, and growth of eCommerce, which result in higher demand for last-mile delivery vehicles requiring timely maintenance. However, high costs and limited availability of skilled technicians may reduce the adoption of automotive repair & maintenance services. Moreover, the surge in the adoption of electric vehicles and the use of AR & VR services for automotive repair are expected to increase the adoption of automotive repair & maintenance.

Regional Insights

The presence of a large number of independent service providers, franchised workshops, and dealership-owned facilities and the adoption of technologically advanced vehicles are expanding the use of automotive repair and maintenance services in the Americas. Stringent regulations related to environmental protection and vehicle safety coupled with periodic technical inspection of vehicles to ensure compliance with emissions standards are resulting in increased adoption of automotive repair and maintenance in the EMEA region. Growing demand for personal vehicles, government initiatives supporting green mobility solutions, and a well-established network of maintenance providers offering high-quality services are encouraging the growth of automotive repair & maintenance in the APAC region. Additionally, the adoption of breakthrough technologies such as telematics, digital diagnostics tools, and data analytics by automotive repair & maintenance service providers is anticipated to increase car owners' adoption of automotive repair & maintenance services worldwide.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Repair & Maintenance Services Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing automotive ownership and age of existing vehicles
• Rising cases of vehicle collisions and accidents
• Government awareness regarding vehicle maintenance to conserve fuel

Market Restraints

• High cost of frequent servicing and limited warranty coverage

Market Opportunities

• Advancements in automotive technology with rise of connected and electric vehicles
• Use of AR & VR technology for vehicle repair and maintenance procedures

Market Challenges

• Lack of skilled technicians and potential of inconsistent service quality

Market Segmentation Analysis

• Type: Significant usage of mechanical services for vehicle safety and maintenance
• Vehicle: Increasing adoption of automotive repair & maintenance services by light commercial vehicles

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Repair & Maintenance Services Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Repair & Maintenance Services Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

KwikFix Auto launches mobile application customizing offerings for user’s vehicle needs

KwikFix Auto has launched a mobile application to meet the individual needs of users based on their car model. This app provides various services, including product offerings, accessories, mechanical maintenance, tire care, and vehicle health check-ups. Moreover, it also offers emergency assistance for punctures, battery jump starts, towing, clutch breakdowns, flatbed towing, and car key emergencies. The highlight of this service is that professional technicians will arrive at the user's doorstep within 90 minutes to provide the necessary assistance.

MG Motor India introduces doorstep vehicle repair and maintenance

MG Motor India Private Limited has introduced 'MG Service on Wheels,' a car repair and maintenance service designed to give customers the convenience of getting their vehicles serviced at home. This initiative aims to offer faster and more efficient service, ensuring customer satisfaction. The program has been piloted in Rajkot and plans to expand to other markets across India. With 'MG Service on Wheels,' customers can enjoy the benefits of professional automotive repair and maintenance services.

Autotech startup FixiGo forays into South and West India to provide car repair and maintenance services

FixiGo, has made its entry into South and West India with the launch of operations in Bangalore, Hyderabad, Mumbai, and Pune. FixiGo's state-of-the-art technology and innovative solutions address the critical need for a superior customer experience in the multi-brand car service segment, all at an affordable price. By leveraging its technology-enabled platform and network of skilled local garage owners, FixiGo provides customers with hassle-free and high-quality services.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Repair & Maintenance Services Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Repair & Maintenance Services Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AAMCO Transmissions Inc., Arnold Clark Automobiles Limited, Asbury Automotive Group, Inc., Ashland Automotive, Inc., Automotive Technology Products LLC, Belron International Ltd., Bridgestone Corporation, CarMax Enterprise Services, LLC, CARSTAR Franchise Systems Inc., Continental AG, Denso Corporation, Driven Brands, Inc., Faurecia SE, Firestone Complete Auto Care, Goodyear Tire & Rubber Company, Halfords Group PLC, Honeywell International, Inc., International Automotive Components Group GmbH, Jiffy Lube International, Inc., Johnson Controls, Inc., Magna International Inc., Mann+Hummel Group, Martinrea International Inc., Meineke Car Care Centers, LLC, Mitsuba Corporation, Robert Bosch GmbH, Speedee Worldwide, LLC, Tenneco Inc., and Ziebart International Corporation.

Market Segmentation & Coverage

This research report categorizes the Automotive Repair & Maintenance Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Exterior & Structural
• Body Repair
• Controls, Modules & Sensors
• Electrical
• Lighting System
• Windows & Glass
• Maintenance Services
• Schedule Repair Service
• Unscheduled Maintenance Service
• Mechanical
• Brakes
• Drivetrain
• Engine
• Exhaust System
• Filters
• Lubricant
• Steering & Suspension
• Tires
• Wheels
• Service Provider
• Franchise General Repairs
• Local Garage
• OEM Authorized Service Centers
• Tire Stores & Repair Chains
• Vehicle
• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Cars
• Personal Car
• Shared Car
• Two Wheelers

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year