Best Prospects in the Automotive Repair And Maintenance Market and Strategies for Growth – Includes Automotive Repair And Maintenance Industry
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Major players in the automotive repair and maintenance market include LKQ Corporation, Belron International Ltd., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc.
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The automotive repair and maintenance market is expected to reach from $0.75 trillion in 2021 to $1.23 trillion in 2026 at a rate of 10.5%. The 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.
Western Europe was the largest region in the global automotive repair and maintenance market.
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.
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 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.
TBRC’s Automotive Repair And Maintenance Market Report Is Segments:
By Type: Automotive Mechanical And Electrical Repair And Maintenance (General Automotive Repair, Automotive Exhaust System Repair, Automotive Transmission Repair, Other Automotive Mechanical And Electrical Repair And Maintenance), Automotive Body, Paint, Interior, And Glass Repair (Automotive Body, Paint, And Interior Repair And Maintenance, Automotive Glass Replacement), Other Automotive Repair And Maintenance (Automotive Oil Change And Lubrication Shops, Car Washes, 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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Automotive Repair And Maintenance Market Report 2022–Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides an overview of the automotive repair and maintenance market globally and regionally, analyzes and forecasts market size, share, automotive repair and maintenance market players, automotive repair and maintenance market segments, leading competitor revenues, profiles and market shares.
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