Global Automotive Repair And Maintenance Market Outlook, Opportunities And Strategies – Includes Automotive Repair And Maintenance Market Growth
Learn about the global automotive repair and maintenance market through The Business Research Company, which provides information on automotive repair and maintenance market size, automotive repair and maintenance market drivers and restraints, automotive repair and maintenance market players, the COVID-19 impact on the automotive repair and maintenance market, and more.
The automotive repair and maintenance market size is expected to grow from $0.75 trillion in 2021 to $1.23 trillion in 2026 at a rate of 10.5%. The global automotive repair and maintenance market size is then expected to grow at a CAGR of 10.9% from 2026 and reach $2.08 trillion in 2031.
A growing sense of sustainability and focus on reducing waste will result in more repairs of automotive vehicles and this will drive the market for the automotive repair and maintenance market during the forecast period.
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The automotive repair and maintenance market consists of sales of automotive repair and maintenance services by entities (organizations, sole traders and partnerships) that provide such services for passenger automobiles, commercial vehicles, motorcycles, and other vehicles.
Global Automotive Repair And Maintenance Market Segments Include:
By Type: Automotive Mechanical And Electrical Repair And Maintenance, Automotive Body, Paint, Interior, And Glass Repair, Other Automotive Repair And Maintenance
By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Bike And Scooter
By Service Provider: Automotive Dealership, Franchise General Repair, Specialty Shop, Locally Owned Repair Shops/Body Shop, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the global automotive repair and maintenance market, accounting for 33.6% of the total in 2021.
The automotive repair and maintenance service providers are increasingly using advanced technologies to offer quality and efficient transportation services for customers. Advanced technologies include the use of GPS, routing software, an app, and others. These technologies work based on the GPS to capture, track and offer increased communication and visibility into the transportation system as well as route the destination accurately. These offer benefits such as real-time tracking for operators and parents, proactive communication with parents, and routing insights for the operator.
Major Market Players: LKQ Corporation, Belron International Ltd., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Automotive Repair And Maintenance Market Report 20226 is one of a series of new reports from The Business Research Company that provides automotive repair and maintenance market overviews, analyzes and forecasts market size, share, automotive repair and maintenance market players, automotive repair and maintenance market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s automotive repair and maintenance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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