Mittelstandspresse
30.04.2022
Automotive Repair & Maintenance Services Market will exhibit 5.7% CAGR between 2021 and 2031
Automotive Repair & Maintenance Services Market - Analysis, Outlook, Growth, Trends, Forecasts
Valley Cottage, 30.04.2022 (PresseBox) - Global Automotive Repair & Maintenance Services Market: Things to Focus on to Ensure Long-term Success| Arnold Clark Automobile Ltd., Asbury Automotive Group Inc., Ashland Automotive Group Inc., Belron International Ltd
Global automotive repair & maintenance services market is forecast to reach a US$ 544.5 Bn in 2021, with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.
The demand for automotive repair & maintenance services declined in 2020 due to the COVID-19 outbreak. However, sales are recovering since the automotive industry is in recovery mode. Considering the possibility of the market regaining momentum in many countries, the long-term outlook on the market remains positive.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5335
The demand for automotive repair & maintenance services increases with the increasing vehicle age and poor quality of roads. The repair & maintenance market is driven by increase in demand for various services and parts such as tire replacement services, collision body repairs, and others.
The number of registrations for passenger cars is increasing with the growing number of manufacturers in the world. Especially in middle-income countries, car owners perceive it as a major investment hence there is high focus on maintenance and repair of passenger vehicles. As per FMI, passenger vehicles are expected to account for over 70% sales in the market.
Key Takeaways
Automotive Repair & Maintenance Service is driven with the increase in demand of second hand (Used) vehicles by consumers. The market will exhibit 5.7% CAGR between 2021 and 2031
The U.S. holds the highest share in the global repair & maintenance services market. In North America it accounts for over 85% of sales.
The U.K. will remain a chief market within Europe, exhibiting above 3.5% y-o-y growth in 2021
Germany will account for maximum sales in Europe, France will exhibit rising demand
Increasing production of passenger vehicles and vehicles parts will push sales in China
“Demand for repair and maintenance services is increasing due to increase in awareness regarding vehicle safety among users. Increase in availability of independent auto service and maintenance providers is likely to boost the automotive repair & maintenance services market” says FMI analyst.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-5335
Competitive Landscape
The market is highly consolidated, with key players accounting for significant market share. Some of the key players in the repair and servicing market are Goodyear Tire & Rubber Company, Driven Brands Inc., and Jiffy Lube International Inc. Many companies are investing in various technological innovation in automotive repair & maintenance services which are the major drivers for the market.
Automotive Repair & Maintenance Market
By Services & Parts
Engine Oil
Gear Oil
Brake Oil
Grease
Tires
Batteries
Wear & Tear Parts
Air Filter
Cabin Filter
Oil Filter
Wiper Blades
Collision Body
Starters & Alternators
Lighting
Exhaust Components
Spark Plugs
By Service Providers
Automobile Dealerships
Franchise General Repairs
Specialty Shops
Locally Owned Repair Shops/Body Shops
Tire Shops
Others
By Vehicle Type
Passenger Cars
LCV
HCV
Key Companies Profiled
Arnold Clark Automobile Ltd.
Asbury Automotive Group Inc.
Ashland Automotive Group Inc.
Belron International Ltd
Driven Brands Inc.
Carmax Autocare Center
Firestone Complete Autocare
Goodyear Tire & Rubber Company
Halfords Group PLC
Monro Inc.
Top Reports Related To Automotive Market Insights
Off-Highway Vehicle (OHV) Telematics Market : As per the FMI’s study, off-highway vehicle (OHV) telematics market is poised to expand at an impressive 15.40% CAGR during the assessment period of 2021 and 2031. The market valuation will reach US$ 424 Mn in 2021.
Automotive Interior Leather Market : Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.
Ansprechpartner
Ankush Nikam
+1 (347) 9183531
+1 (347) 9183531
Zuständigkeitsbereich: Senior SEO
Über future Market Insights global consulting Pvt Ltd:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
Datei-Anlagen:
(78 kB)
1302596.attachment
The report tracks the various repair parts and maintenance services offered in 20+ high-growth markets where North America is the highest growing market followed by Europe and Asia Pacific market, along with analyzing the impact COVID-19 has had on the Automotive Repair & Maintenance Services in particular.
- Mehr Infos zu dieser Meldung unter www.pressebox.de
- zurück zur Übersicht
