AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Get a Sample Pages (331 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/5156
Automotive repair and service are typically attributed to repairing automotive machines when they malfunction or no longer run correctly. Automotive repair and service are required to keep vehicles driving down the road. Automotive engines must be serviced regularly to keep them in good operating condition. At present, many countries are mandating stringent rules and regulations to replace car accessories after the expiry date. For instance, National Highway Traffic Safety Administration (NHTSA) has stated a new regulatory norm for car parts such as tires, rims, seat belts, and others to be manufactured initially and must be replaced according to the life span of the product. Such mandates are expected to boost the sales of passenger car accessories, thereby contributing to market growth.
In addition, the automotive repair and service market has witnessed significant growth in recent years, owing to the increased demand for improved vehicle performance & safety and the collaboration of local shop owners with fleet operators to provide repair and maintenance services at discounted prices. Furthermore, the companies operating in the automotive repair and service indusry have adopted partnerships, investments, and business expansion to increase their market share and expand their geographical presence. For instance, in December 2019, Jiffy Lube International, Inc. expanded its presence by opening a new automotive service center in Milwaukee, Wisconsin. The service center offered a wide range of automotive services for components, including brakes, tires, and engine diagnostics.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/5156
The key players analyzed in the global automotive repair and service market report include
Asbury Automotive Group (U.S.), Carmax Autocare Center (U.S.), CarParts.com, Inc. (U.S.), Europart (Germany), Firestone (U.S.), Hance’s European (U.S.), Inter Cars S.A. (Poland), Jiffy Lube International, Inc. (U.S.), LKQ Corporation (U.S.), M&M Automotive (India), MEKO (Sweden), Mobivia Groupe (France), MyTVS Accessories (India), Safelite Group (U.S.), Sun Auto Service (U.S.), USA Automotive (U.S.), and Wrench, Inc. (U.S.)”
The report offers detailed segmentation of the global automotive repair and service market based on type, service provider, vehicle type, propulsion type, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.
Based on type, the mechanical segment held the largest market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The maintenance services segment, on the other hand, is expected to cite the fastest CAGR of 9.0% during the forecast period.
Based on vehicle type, the passenger cars segment held the largest market share in 2021, holding nearly two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The heavy commercial vehicles segment, on the other hand, is expected to cite the fastest CAGR of 11.0% during the forecast period.
Based on propulsion type, the internal combustion engine (ICE) segment held the largest market share in 2021, holding 90% of the global market, and is expected to maintain its leadership status during the forecast period. The electric segment, on the other hand, is expected to cite the fastest CAGR of 15.1% during the forecast period.
Procure Complete Research Report - https://www.alliedmarketresearch.com/automotive-repair-and-service-market/purchase-options
KEY FINDINGS OF THE STUDY
By type, the maintenance services segment dominated the global automotive repair and service market in terms of growth rate.
By service provider, the others segment dominated the global automotive repair and service market in terms of growth rate.
By vehicle type, the heavy commercial vehicles segment dominated the global automotive repair and service market in terms of growth rate.
By propulsion type, the electric segment dominated the global automotive repair and service market in terms of growth rate.
Similar Reports We Have on Automotive Industry:
https://www.alliedmarketresearch.com/automotive-aftermarket-market - projected to reach $828.2 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031
https://www.alliedmarketresearch.com/car-accessories-market-A325580 - projected to reach $1006.7 billion by 2033, growing at a CAGR of 7.5% from 2024 to 2033.
https://www.alliedmarketresearch.com/passenger-car-accessories-aftermarket-market-A06108 - projected to reach $248.41 billion by 2026, registering a CAGR of 8.5% from 2019 to 2026.
https://www.alliedmarketresearch.com/asia-pacific-automotive-performance-tuning-and-engine-remapping-services-market-A53426 - projected to reach $8.69 billion by 2031, registering a CAGR of 7.4% from 2022 to 2031.
David Correa
Allied Market Research
+ 1800-792-5285
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
