Global Automotive Repair And Maintenance Market Opportunities And Strategies – Forecast To 2030 – Includes Automotive Repair And Maintenance Industry
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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, as per The Business Research Company’s automotive repair and maintenance market opportunities and strategies report.
The automotive repair and maintenance market 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.
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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.
Big data analytics is rapidly being implemented in the automotive repair and maintenance market as it allows service providers to improve real-time transportation operations and planning and to predict operations. Big data analytics is a process of examining large amounts of data to understand the market patterns, correlations, trends, and customer preferences to improve decision-making. Companies in the automotive repair and maintenance market utilize big data analytics to analyze the factors that impact the demand for taxis, to determine where most pickups and drop-offs are located based on the customers’ location, to perform effective congestion management, traffic control, and delivery planning. The technology also allows companies to reduce operational costs by reducing errors, analyzing the journey, and detecting and minimizing revenue drops.
The Global Automotive Repair And Maintenance Market Is Segmented:
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: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global automotive repair and maintenance market.
TBRC’s Automotive Repair And Maintenance Market Report Covers:
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 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough automotive repair and maintenance market research, analyzes and forecasts automotive repair and maintenance market size, automotive repair and maintenance market share, automotive repair and maintenance market players, automotive repair and maintenance market trends, automotive repair and maintenance market segmentation 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.
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.
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