Automotive Repair and Service Market By Type (Mechanical, Exterior & Structural, Maintenance Services), By Service provider (Franchise General Repairs, OEM Authorized Service Centers, Local Garage, Tire Stores & Repair Chains, Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers), By Propulsion Type (Internal Combustion Engine (ICE), Electric): Global Opportunity Analysis and Industry Forecast, 2021-2031
The report incorporates the study of the global automotive repair and service market that focuses on the automotive aftermarket services provided to automotive repair shops and end users. Automotive repair and service include fixing an unexpected problem, ranging from rebuilding transmissions to replacing shocks. The automotive repair and service can be performed at any auto shop without affecting the customer’s warranty coverage. Various service providers currently offer automotive repair and maintenance services, including automobile dealerships and OEMs. Moreover, the specialty shops are independently owned shops that are specialized in providing a particular service for suspension services, collision repair, services for exhaust and mufflers. For instance, in September 2021, LKQ Corporation expanded its business by opening a new Innovation and Service Center in Katowice, Poland. This service center offered repair services using digital channels such as app-based solutions that ensured best-in-class customer experience across Europe.
The factors such as increasing automotive sales, growth of automotive post sale services, and stringent government regulations to replace or upgrade vehicle components supplement the growth of the automotive repair and service market. However, volatile prices of raw materials and rise in demand for shared mobility are the factors expected to hamper the growth of the automotive repair and service market. In addition, rise in trend of vehicle customization coupled with increase in disposable income and increasing automotive safety norms & demand for technologically advanced features creates market opportunities for the key players operating in the automotive repair and service market.
For the purpose of analysis, the global automotive repair and service market is segmented on the basis of type, service provider, vehicle type, propulsion type, and region. By type, the market is divided into mechanical, exterior & structural, and maintenance services. By service provider, it is fragmented into franchise general repairs, OEM authorized service centers, local garage, tire stores & repair chains, and others. By vehicle type, it is categorized into passenger cars, light commercial vehicles, heavy commercial vehicles, and two wheelers. By propulsion type, it is further classified into internal combustion engine (ICE) and electric. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the automotive repair and services market are Asbury Automotive Group, Inc., Carmax Autocare Center, CarParts.com, Inc., EUROPART, Firestone Complete Auto Care, Hance's European, Inter Cars S.A., Jiffy Lubes International, Inc., LKQ Corporation, M&M Automotive, MEKO, Mobivia Groupe, myTVS Accessories, Safelite Group, Sun Auto Service, USA Automotive, and Wrench, Inc.
Key Benefits For Stakeholders
This study presents analytical depiction of the global automotive repair and service market analysis along with current trends and future estimations to depict imminent investment pockets.
The overall automotive repair and service market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global automotive repair and service market with a detailed impact analysis.
The current automotive repair and service market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Type
Maintenance Services
Mechanical
Exterior Structural
By Service provider
Franchise General Repairs
OEM Authorized Service Centers
Local Garage
Tire Stores Repair Chains
Others
By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Two Wheelers
By Propulsion Type
Internal Combustion Engine (ICE)
Electric
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Asbury Automotive Group, Inc.
Carmax Autocare Center
CarParts.com, Inc.
Europart
Firestone
Hance’s European
Inter Cars S.A.
Jiffy Lube International, Inc.
LKQ Corporation
M&M Automotive
MEKO
Mobivia Groupe
MyTVS Accessories
Safelite Group
Sun Auto Service
USA automotive
Wrench, Inc.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook