The global automotive repair & maintenance services market is expected to attain a valuation of USD 915.88 billion in 2023 and is projected to reach USD 1,850 billion by 2033, registering a CAGR of 7.2%.
The automotive repair & maintenance market has witnessed exponential growth in the last few years. This growth is projected to continue, subsequently increasing demand for automotive repair & maintenance services for regular vehicle checkups to avoid any malfunction. Factors such as an increase in automotive production and vehicle fleet size have boosted the repair and maintenance market.
The increasing awareness of vehicle maintenance and safety is anticipated to augment the demand for automotive repair and maintenance services in the coming years. Additionally, the presence of numerous independent auto services and maintenance providers is anticipated to contribute to the growth of the automotive repair and maintenance service market.
The Automotive Repair & Maintenance Services Market is accelerating rapidly, fueled by the growing vehicle parc, aging vehicle fleets, and heightened consumer demand for convenient, cost-effective, and technology-enabled maintenance solutions. From routine oil changes to advanced diagnostics, the sector plays a crucial role in ensuring vehicle safety, performance, and longevity.
Get Ahead with Our Report: Request Your Sample Now!
https://www.futuremarketinsights.com/report-sample#5245502d47422d35333335
Key Takeaways
- Increasing vehicle ownership, especially in emerging markets, is fueling service demand
- Aging vehicles are leading to more frequent and complex maintenance needs
- Growing adoption of connected diagnostics and predictive maintenance technologies
- Rising demand for aftermarket service providers offering quality and affordability
- Digitalization and automation are transforming the service experience
Key Drivers
- Growth in used car sales, requiring more maintenance
- Consumer preference for extended vehicle life and reliability
- Stringent safety and emission regulations mandating regular upkeep
- Expansion of fleet and ride-hailing services demanding regular servicing
- Technological advancement in EVs and smart vehicle components requiring specialized expertise
Growth Opportunities
- Integration of IoT and telematics for real-time vehicle health monitoring
- Rise of mobile repair services and on-demand mechanics
- Development of subscription-based service packages for consumers and fleets
- Increased focus on eco-friendly maintenance practices and sustainable parts
- Expansion of certified and branded service centers in untapped markets
Key Services
- Mechanical Repairs – Engine, transmission, brakes, suspension
- Preventive Maintenance – Oil changes, filter replacements, tune-ups
- Diagnostics & Inspection – Check engine light, emissions testing
- Body & Paint Work – Collision repair, dent removal, painting
- Tire & Battery Services – Alignment, balancing, battery check and replacement
- Electric Vehicle (EV) Servicing – Battery health check, software updates, system calibration
Detailed Market Study: Full Report and Analysis
https://www.futuremarketinsights.com/reports/automotive-repair-and-maintenance-services-market-102017
Key Players
- Firestone Complete Auto Care
- Monro Inc.
- Jiffy Lube International Inc.
- Goodyear Tire & Rubber Company
- Meineke Car Care Centers
- Bosch Car Service
- Asbury Automotive Group
- Midas International Corporation
- Carmax Autocare
- Driven Brands Inc.
Key Segmentations
- By Service Type – Mechanical, Electrical, Body, Tires, Preventive
- By Vehicle Type – Passenger Cars, LCVs, HCVs, Two-Wheelers
- By Service Provider – OEMs, Multi-brand, Local Workshops, Mobile Services
- By Region – North America, Europe, Asia Pacific, Latin America, Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
