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Automotive Repair and Maintenance Services Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030

Automotive Repair and Maintenance Services Market Size, Share & Trends...

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Automotive Repair and Maintenance Services Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030
Automotive Repair and Maintenance Services...
Report Code
RO13/107/1967

Publish Date
23/Jun/2022

Pages
210
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The global automotive repair and maintenance services market size was US$ 536.5 million in 2021. The global automotive repair and maintenance services market is forecast to grow to US$ 931.7 million by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030. 
Complex diagnostics provide automotive repair and maintenance services ranging from tire and wheel alignments to oil adjustments to keep passenger cars and commercial vehicles in working order. Many vehicle components, such as brakes, engines, filters, and batteries, are not visually inspected, despite the fact that routine maintenance and repair services are required to improve the vehicle's performance. Furthermore, regular oil changes, brake repair, air conditioning operation, and wheel alignment all contribute to increased vehicle life.

Factors Influencing the Market
The growing range of advancements in technology has resulted in an improvement in the quality of the materials used in vehicle manufacturing. As a result, it increases the average automotive life. The use of automotive turbochargers, start-stop systems, and pollution control catalysts has improved vehicle fuel economy and vehicle service life. Given rising reliability, there has been a significant increase in the number of vehicles sold globally over the last few decades. 
Online retailing is expected to limit the growth of the automotive repair and maintenance services market. On the contrary, growing urbanization and rising demand for efficient vehicles for regular use will also contribute to the growth of the global automotive repair and maintenance services market.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for automotive repair and maintenance services reduced drastically as the use of vehicles declined severely. In the wake of the pandemic, the market witnessed several challenges as the governments introduced lockdown restrictions. Further, the terror of the pandemic created a labour shortage, which ultimately hampered the growth of the automotive repair and maintenance services market. Regular travel activities were also reduced as offices started offering work-from-home to the workers, which ultimately affected the demand for automotive repair and maintenance services.

Regional Analysis
The global automotive repair and maintenance services market is forecast to record the highest growth rate in Asia-Pacific. It is attributable to the rapidly rising automotive market in the region. Further, the growing population of the region and their demands related to effective mobility will also benefit the automotive repair and maintenance services market during the study period. The region may also holds a strong foothold in the automotive repair and maintenance services market due to the presence of one of the largest automobile industries. 
Competitors in the Market
• Jiffy Lube International
• Arnold Clark Automobiles
• Halfords Group
• Asbury Automotive Group
• Goodyear Tire & Rubber Company
• Ashland Automotive
• Firestone Complete Auto Care
• Belron International
• Driven Brands
• Carmax Autocare Center
• Other Prominent Players

Market Segmentation
The global automotive repair and maintenance services market segmentation focuses on Vehicles, Service Providers, and Regions. 
By Vehicle Type
• Bikes & Scooters
• Passenger Cars
• Commercial Vehicles
By Service Providers 
• Automobile Dealerships
• Franchise General Repairs
• Locally owned Repair Shops/ Body Shops
• Specialty Shops
• Tire Shops
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
 

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