Automotive Repair and Maintenance Services Market
Product Overview
Automotive repair and maintenance facilities are provided by complex diagnostics from tire and wheel alignments toil adjustments tkeep passenger cars as well as commercial vehicles in operating condition. Many parts of the vehicles such as brakes, engines, filters, and batteries are not visually checked, while routine maintenance and repair services are essential tthem tincrease the vehicle’s performance. In addition, daily oil change, brake repair, air conditioning operation, and wheel alignment all lead timproving vehicle life.
Market Highlights
The global market for automotive repair and maintenance services market is anticipated tsurpass USD 937.7 million by 2030 from USD 535.3 million in 2020 at a CAGR of 5.8% during the forecast period i.e. 2020-2030. As per their research, the market is likely tgrow on the back of increasing awareness about vehicle maintenance and vehicle safety across the globe.
The availability of several independent autservices and maintenance providers is likely tboost the automobile repair and maintenance service market during the forecast period. Moreover, quality of service efficiency, cost-effectiveness, and efficient maintenance services are key factors that are anticipated tfurther propel the industry shortly. In addition, the increase in on-road vehicles worldwide is expected tfuel the demand for automotive repair and maintenance services during the forecast period.
Global Automotive Repair and Maintenance Services Market Opportunity Analysis
Source: Fatpos Global
Global Automotive Repair and Maintenance Services Market: Segments
Passenger Cars segment tgrow with the fastest CAGR of xx% during 2020-2030
Around the globe, the market for automotive repair and maintenance services is segmented by vehicle type intbikes & scooters, passenger cars, and commercial vehicles. Among these, the passenger cars segment held the largest market share of xx% in the year 2019. As per the CMI analysis, passenger cars are the most selling segment. According tthe same analysis, XXXX million units of passenger cars were sold in 2019 and the sale is expected trise at a CAGR of xx% during the forecast period. Owing tall these reasons, the passenger car segment is anticipated tdrive the growth of the market in the coming years.
By Vehicle Type (in %), Global Automotive Repair and Maintenance Services Market, 2019
Source: Fatpos Global
Tire Shops segment tgrow with the fastest CAGR during 2020-2030
The global automotive repair and maintenance services market is segmented by service providers intautomobile dealerships, franchise general repairs, locally owned repair shops/body shops, specialty shops, and tire shops. Among these, the tire shops segment held the largest market share of xx% in 2019 and is anticipated tgrow the fastest at a CAGR of xx% during the forecast period i.e. 2020-2030. The tires need tbe changed regularly because they are vital parts of the Automotive. Worn-out tires are dangerous tdrive because they cannot grip the road properly and increases the risk tlife.
By Service Providers (in %), Global Automotive Repair and Maintenance Services Market, 2019
Source: Fatpos Global
Global Automotive Repair and Maintenance Services Market: Drivers and Restraints
Increase in Average Age of Vehicles
Advances in technology have led tan improvement in the quality of the materials used in the manufacture of vehicles, which has consequently improved the average automotive life. The use of automotive turbochargers, start-stop systems, and pollution control catalysts has increased vehicle fuel economy and has had a positive impact on vehicle service life. Given rising reliability, there has been a substantial increase in the number of vehicles over the past few decades across the globe. According ta survey, customers keep their old cars as second-hand vehicles instead of reselling or scrapping them, resulting in significant repair and maintenance services, thereby potentially fueling the market growth.
Online Retailing of Aftermarket Parts affecting Traditional Outlets
Recent surveys and reports on vehicle aftermarket sales have indicated that retailing automotive parts online would adversely impact the business of conventional retailers, such as service centers and dealerships. E-retailers such as Amazon sells goods at much cheaper prices, putting pressure on car dealerships treduce their costs, which in turn will limit the growth of the demand for car repair and maintenance services during the forecast period. In addition, the integration of B2B and B2C business models, which specifically target DIY customers, further derail the business of specialty repair shops owned locally.
Increased Costs Associated with Repair and Maintenance Services
The rising technical complexity associated with vehicles and automotive parts has resulted in a high cost of maintenance and repair services. Moreover, increasing labor costs worldwide coupled with the reluctance of consumers tadapt tthese high-cost services are expected trestrain the global automotive repair and maintenance services market shortly. As per the primary interviews conducted with key opinion leaders, the annual passenger car maintenance cost per unit may rise by 2x over the forecast period.
Global Automotive Repair and Maintenance Services Market: Key Players
Jiffy Lube International
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Arnold Clark Automobiles
Halfords Group
Asbury Automotive Group
Goodyear Tire & Rubber Company
Ashland Automotive
Firestone Complete AutCare
Belron International
Driven Brands
Carmax Autocare Center
Global Automotive Repair and Maintenance Services Market: Region
Asia Pacific tgrow with the fastest CAGR during 2020-2030
The global automotive repair and maintenance services market is segmented by region intNorth America, Latin America, Europe, Middle East & Africa, and the Asia Pacific. Among these, Asia Pacific is witnessed thold the largest market share of xx% in the year 2019 owing tthe growing automotive market in the region. As per CMI analysis, the Asia Pacific region constitutes the world’s 60% population and increased population demands for effective mobility. As the demand for automotive in the Asia Pacific is rising, the automotive repair and maintenance services market is alsexpected trise in the region.
By Region (in %), Global Automotive Repair and Maintenance Services Market, 2019
Source: Fatpos Global
The global automotive repair and maintenance services market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and the Rest of APAC
Global Automotive Repair and Maintenance Services Market: Impact of COVID-19
The rise of COVID-19 has brought the world ta halt. The health crisis has brought an unprecedented impact on organizations across industries. With an increasing number of active cases daily, the duration of the pandemic is still difficult tpredict. Yet the adverse effect of COVID-19 can be felt in the global automotive repair and maintenance services market owing tthe fluctuation in demand for products associated with optical coatings, the effect on manufacturing organizations due tthe implementation of lockdown norms in many nations worldwide, and others.
The report on the global automotive repair and maintenance services market alscontains an analysis on:
Automotive Repair and Maintenance Services Market Segments:
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
Latin America
Europe
Middle East & Africa
Asia Pacific
Automotive Repair and Maintenance Services Market Dynamics
Automotive Repair and Maintenance Services Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Automotive repair and maintenance facilities are provided by complex diagnostics from tire and wheel alignments toil adjustments tkeep passenger cars as well as commercial vehicles in operating condition. Many parts of the vehicles such as brakes, engines, filters, and batteries are not visually checked, while routine maintenance and repair services are essential tthem tincrease the vehicle’s performance. In addition, daily oil change, brake repair, air conditioning operation, and wheel alignment all lead timproving vehicle life.
Market Highlights
The global market for automotive repair and maintenance services market is anticipated tsurpass USD 937.7 million by 2030 from USD 535.3 million in 2020 at a CAGR of 5.8% during the forecast period i.e. 2020-2030. As per their research, the market is likely tgrow on the back of increasing awareness about vehicle maintenance and vehicle safety across the globe.
The availability of several independent autservices and maintenance providers is likely tboost the automobile repair and maintenance service market during the forecast period. Moreover, quality of service efficiency, cost-effectiveness, and efficient maintenance services are key factors that are anticipated tfurther propel the industry shortly. In addition, the increase in on-road vehicles worldwide is expected tfuel the demand for automotive repair and maintenance services during the forecast period.
Global Automotive Repair and Maintenance Services Market Opportunity Analysis
Source: Fatpos Global
Global Automotive Repair and Maintenance Services Market: Segments
Passenger Cars segment tgrow with the fastest CAGR of xx% during 2020-2030
Around the globe, the market for automotive repair and maintenance services is segmented by vehicle type intbikes & scooters, passenger cars, and commercial vehicles. Among these, the passenger cars segment held the largest market share of xx% in the year 2019. As per the CMI analysis, passenger cars are the most selling segment. According tthe same analysis, XXXX million units of passenger cars were sold in 2019 and the sale is expected trise at a CAGR of xx% during the forecast period. Owing tall these reasons, the passenger car segment is anticipated tdrive the growth of the market in the coming years.
By Vehicle Type (in %), Global Automotive Repair and Maintenance Services Market, 2019
Source: Fatpos Global
Tire Shops segment tgrow with the fastest CAGR during 2020-2030
The global automotive repair and maintenance services market is segmented by service providers intautomobile dealerships, franchise general repairs, locally owned repair shops/body shops, specialty shops, and tire shops. Among these, the tire shops segment held the largest market share of xx% in 2019 and is anticipated tgrow the fastest at a CAGR of xx% during the forecast period i.e. 2020-2030. The tires need tbe changed regularly because they are vital parts of the Automotive. Worn-out tires are dangerous tdrive because they cannot grip the road properly and increases the risk tlife.
By Service Providers (in %), Global Automotive Repair and Maintenance Services Market, 2019
Source: Fatpos Global
Global Automotive Repair and Maintenance Services Market: Drivers and Restraints
Increase in Average Age of Vehicles
Advances in technology have led tan improvement in the quality of the materials used in the manufacture of vehicles, which has consequently improved the average automotive life. The use of automotive turbochargers, start-stop systems, and pollution control catalysts has increased vehicle fuel economy and has had a positive impact on vehicle service life. Given rising reliability, there has been a substantial increase in the number of vehicles over the past few decades across the globe. According ta survey, customers keep their old cars as second-hand vehicles instead of reselling or scrapping them, resulting in significant repair and maintenance services, thereby potentially fueling the market growth.
Online Retailing of Aftermarket Parts affecting Traditional Outlets
Recent surveys and reports on vehicle aftermarket sales have indicated that retailing automotive parts online would adversely impact the business of conventional retailers, such as service centers and dealerships. E-retailers such as Amazon sells goods at much cheaper prices, putting pressure on car dealerships treduce their costs, which in turn will limit the growth of the demand for car repair and maintenance services during the forecast period. In addition, the integration of B2B and B2C business models, which specifically target DIY customers, further derail the business of specialty repair shops owned locally.
Increased Costs Associated with Repair and Maintenance Services
The rising technical complexity associated with vehicles and automotive parts has resulted in a high cost of maintenance and repair services. Moreover, increasing labor costs worldwide coupled with the reluctance of consumers tadapt tthese high-cost services are expected trestrain the global automotive repair and maintenance services market shortly. As per the primary interviews conducted with key opinion leaders, the annual passenger car maintenance cost per unit may rise by 2x over the forecast period.
Global Automotive Repair and Maintenance Services Market: Key Players
Jiffy Lube International
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Arnold Clark Automobiles
Halfords Group
Asbury Automotive Group
Goodyear Tire & Rubber Company
Ashland Automotive
Firestone Complete AutCare
Belron International
Driven Brands
Carmax Autocare Center
Global Automotive Repair and Maintenance Services Market: Region
Asia Pacific tgrow with the fastest CAGR during 2020-2030
The global automotive repair and maintenance services market is segmented by region intNorth America, Latin America, Europe, Middle East & Africa, and the Asia Pacific. Among these, Asia Pacific is witnessed thold the largest market share of xx% in the year 2019 owing tthe growing automotive market in the region. As per CMI analysis, the Asia Pacific region constitutes the world’s 60% population and increased population demands for effective mobility. As the demand for automotive in the Asia Pacific is rising, the automotive repair and maintenance services market is alsexpected trise in the region.
By Region (in %), Global Automotive Repair and Maintenance Services Market, 2019
Source: Fatpos Global
The global automotive repair and maintenance services market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and the Rest of APAC
Global Automotive Repair and Maintenance Services Market: Impact of COVID-19
The rise of COVID-19 has brought the world ta halt. The health crisis has brought an unprecedented impact on organizations across industries. With an increasing number of active cases daily, the duration of the pandemic is still difficult tpredict. Yet the adverse effect of COVID-19 can be felt in the global automotive repair and maintenance services market owing tthe fluctuation in demand for products associated with optical coatings, the effect on manufacturing organizations due tthe implementation of lockdown norms in many nations worldwide, and others.
The report on the global automotive repair and maintenance services market alscontains an analysis on:
Automotive Repair and Maintenance Services Market Segments:
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
Latin America
Europe
Middle East & Africa
Asia Pacific
Automotive Repair and Maintenance Services Market Dynamics
Automotive Repair and Maintenance Services Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MARKET DYNAMICS
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
7. RISK ANALYSIS
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis
8. AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES INDUSTRY ANALYSIS
8.1. Porters Five Forces
8.1.1. Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. GLOBAL AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES MARKET
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10. GLOBAL AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES: MARKET SEGMENTATION
10.1. By Regions
10.1.1. North America: (U.S. and Canada)
10.1.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
10.1.2.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
10.1.3.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
10.1.4.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.5. the Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
10.1.5.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Vehicle Type: Market Share (2020-2030F)
10.2.1. Bikes & Scooters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Passenger Cars, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.3. Commercial vehicles, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By Service Providers: Market Share (2020-2030F)
10.3.1. Automobile Dealerships, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Franchise General Repairs, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.3. Locally owned Repair Shops/Body Shops, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.4. Specialty Shops, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.5. Tire Shops, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. COMPANY PROFILE
11.1. Jiffy Lube International
11.1.1. Company Overview
11.1.2. Company Total Revenue (Financials
11.1.3. Market Potential
11.1.4. Global Presence
11.1.5. Key Performance Indicators
11.1.6. SWOT Analysis
11.1.7. Product Launch
11.2. Arnold Clark Automobiles
11.3. Halfords Group
11.4. Asbury Automotive Group
11.5. Goodyear Tire & Rubber Company
11.6. Ashland Automotive
11.7. Firestone Complete Auto Care
11.8. Belron International
11.9. Driven Brands
11.10. Carmax Autocare Center
Consultant Recommendation
The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MARKET DYNAMICS
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
7. RISK ANALYSIS
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis
8. AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES INDUSTRY ANALYSIS
8.1. Porters Five Forces
8.1.1. Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. GLOBAL AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES MARKET
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10. GLOBAL AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES: MARKET SEGMENTATION
10.1. By Regions
10.1.1. North America: (U.S. and Canada)
10.1.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
10.1.2.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
10.1.3.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
10.1.4.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.5. the Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
10.1.5.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Vehicle Type: Market Share (2020-2030F)
10.2.1. Bikes & Scooters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Passenger Cars, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.3. Commercial vehicles, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By Service Providers: Market Share (2020-2030F)
10.3.1. Automobile Dealerships, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Franchise General Repairs, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.3. Locally owned Repair Shops/Body Shops, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.4. Specialty Shops, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.5. Tire Shops, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. COMPANY PROFILE
11.1. Jiffy Lube International
11.1.1. Company Overview
11.1.2. Company Total Revenue (Financials
11.1.3. Market Potential
11.1.4. Global Presence
11.1.5. Key Performance Indicators
11.1.6. SWOT Analysis
11.1.7. Product Launch
11.2. Arnold Clark Automobiles
11.3. Halfords Group
11.4. Asbury Automotive Group
11.5. Goodyear Tire & Rubber Company
11.6. Ashland Automotive
11.7. Firestone Complete Auto Care
11.8. Belron International
11.9. Driven Brands
11.10. Carmax Autocare Center
Consultant Recommendation
The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
