The automotive repair and maintenance services industry is anticipated to witness high growth owing to rising vehicle fleet and increasing adoption of vehicle maintenance contracts. Automotive repair and maintenance refer to services that maintain and repair vehicles. This includes services like general vehicle maintenance and repairs, collision repairs, electronic/electrical repairs, and car wash and polishing among others. Such services ensure vehicle safety and improve performance. The global automotive industry is witnessing rapid growth in sales which is increasing the vehicle fleet on road. With rise in average age of vehicles, the demand for repair and maintenance services is growing.
Global Automotive Repair and Maintenance Services Market is estimated to be valued at US$ 1360.5 Bn by 2030.
Automotive Repair And Maintenance Services Market Demand contracts offered by OEMs and independent service centers are gaining popularity as they provide hassle-free services at affordable prices. Also, availability of on-demand vehicle repair services through mobile applications is supporting the market growth. Technological advancements in automotive components require trained technicians and specialized equipment for repairs and servicing. This is propelling investment in service infrastructure and driving the automotive repair and maintenance services industry.
Key Takeaways
Key players operating in the automotive repair and maintenance services are Firestone Complete Auto Care, Ashland Automotive, Inc., Driven Brands, Inc., Carmax Autocare Center, Sumitomo Corporation, Monro Muffler Brake, Inc., Belron International Ltd., Goodyear Tire and Rubber Co., Jiffy Lube International Inc., MyTVS Accessories, Safelite Group, Sun Auto Service, USA automotive, Wrench, Inc. These major players are focusing on expansions, mergers, and acquisitions to enhance service network and product portfolio.
The key opportunities in the market include rising demand for general vehicle maintenance services, increasing collision repairs owing to road accidents, and growth in electrical vehicle repair services. With advancing electric powertrains, companies are investing in specialized technician training and diagnostic equipment.
Get More Insights on- Automotive Repair And Maintenance Services Market
For Deeper Insights, Find the Report in the Language that You want:
