Automotive Repair & Maintenance Services Market was valued at USD 527 billion in 2020 and projected to grow at 3.3% CAGR during the forecast period.

Introduction of the Automotive Repair & Maintenance Services Market Report
Automotive maintenance plays an essential role in maintaining the safety of the vehicle. The automotive service includes namely engines service, batteries service, suspension service, brake wheel end service, and filters service. Service and maintenance ensure a fixed level of vehicle reliability. Brake repair, oil change, air conditioner service, and wheel alignment keep the vehicle in good running condition and provide maximum performance in return are required periodically.

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Market Dynamic
Key Drivers and Emerging Trends
The increasing sale of vehicles and growing average driving miles are expected to boost the global automotive repair and maintenance service market. According to OICA, the total sale of passenger cars accounted for 535.9 million in 2020. Furthermore, the growing fleet of old vehicles will increase demand for the automotive repair and maintenance service market. Moreover, the rapid increase in the middle-class population and rising disposable income in underdeveloped countries is leading to a rise in middle-class vehicle ownership. Thus, increasing the sale of passenger car vehicles directly links with the automotive repair and maintenance service market, which provides significant momentum to global growth.

An increasing number of road traffic crashes due to the breakdown of automotive components have increased awareness among the common public regarding timely repair and maintenance of the vehicle. For instance, according to WHO report in 2021, every year, the lives of approximately 1.3 million people are being cut short due to a road traffic crash. Additionally, government regulation regarding pollution emission is also favoring the development of this market. Thus, these significant drivers are driving the growth of the automotive repair and maintenance service market.

Restraint in the Automotive Repair & Maintenance Services Market
However, increasing technical complexity, such as the availability of machines associated with the vehicle and automotive parts, results in high repair and maintenance costs is a barrier. Additionally, the availability of service flexibility and increasing labor costs worldwide restrict the consumer from adopting repair and maintenance services. Thus, these key factors have hampered the growth of this market.

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Vehicle type – Segment Analysis
Based on the Vehicle type, passenger vehicle is expected to grow at a higher CAGR rate in the global automotive repair & maintenance services market during the forecast period. This is due to the high passenger car sales globally. For instance, according to Federation of Automobile Dealers Associations (FADA), Private Vehicle sales in December 2020 stood at 271,249 units, compared with 218,775 units in December 2019, registering a 23.99% growth in India.

Services and Parts – Segment Analysis
Based on the Services and Parts, Engine oil is expected to grow at a higher CAGR rate in the global automotive repair & maintenance services market during the forecast period. Engine oil plays a major role in the smooth function of the transmission system, provides better engine efficiency, keeps the engine components cool, and enhances the engine performance, which directly affects the vehicle’s fuel efficiency. Thus, these factors have augmented the positive growth of this segment.

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Regional – Segment Analysis:
Based on the region, the Asia Pacific region is expected to capture a significant market share in the global automotive repair & maintenance services market. Countries such as Japan, South Korea, China, and India are the largest producer of automobiles globally. For instance, according to IBEF, India’s overall automobile export reached 4.77 million vehicles in FY20. Two-wheelers made up 73.9% of the total vehicles exported, followed by passenger vehicles at 14.2%, three-wheelers at 10.5%, and commercial vehicles at 1.3%. Moreover, large passenger vehicle consumption and increasing passenger vehicle production across the region are attributed to the growth of automotive repair and maintenance services in this region.

Top Market Players
Various notable players operating in the market, include, Arnold Clark Automobiles Limited, Asbury Automotive Group., Driven Brands, Inc., Firestone Complete Auto Care, Jiffy Lube International, Inc, Belron UK Limited, Carmax Autocare Center, MONRO, INC., BOSCH AUTOMOTIVE SERVICE SOLUTIONS INC, The Goodyear Tire & Rubber Company, among others.

Key Developments:

• • In November 2020, Safelite Group acquired the assets of the Lee & Cates Glass auto glass business to expand its flat/residential operations for customers improving its footprint all across the United States.
  • In October 2019, ABRA Automotive Systems LP was acquired by Driven Brands Inc., a U.S.-based automobile aftermarket company in order to gain competitive edge in the market.

Segments covered in the Report:
The global Automotive Repair & Maintenance Services market has been segmented on the basis of Vehicle type, Services and Parts, Service Providers, and regions. Based on Vehicle type, the market is segmented into Passenger Vehicle and Commercial Vehicle. Based on Services and Parts, the market is segmented into Gear oil, Engine oil, Tires, and Others. Based on Service Providers, the market is segmented into Automotive dealership, Locally owned repair shops/body shops, Franchise general repairs, and Others.

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Key questions answered in this research report:

• • At what pace is global Automotive Repair & Maintenance Services market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Automotive Repair & Maintenance Services market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Automotive Repair & Maintenance Services market?
  • Which Vehicle type generated maximum revenues in 2020 and identify the most promising Vehicle type during the forecast period?
  • What are the various Services and Parts areas of global Automotive Repair & Maintenance Services market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Automotive Repair & Maintenance Services Market by Vehicle type

• • Passenger Vehicle
  • Commercial Vehicle

Global Automotive Repair & Maintenance Services Market by Services and Parts

• • Gear oil
  • Engine oil
  • Tires
  • Others

Global Automotive Repair & Maintenance Services Market by Service Providers

• • Automotive dealership
  • Locally owned repair shops/body shops
  • Franchise general repairs
  • Others

Global Automotive Repair & Maintenance Services Market by Region

• • North America Automotive Repair & Maintenance Services Market (Option 1: As a part of the free 25% customization)
    • North America Automotive Repair & Maintenance Services Market by Vehicle type
    • North America Automotive Repair & Maintenance Services Market by Services and Parts
    • North America Automotive Repair & Maintenance Services Market by Service Providers
    • US Automotive Repair & Maintenance Services Market All-Up
    • Canada Automotive Repair & Maintenance Services Market All-Up
  • Europe Automotive Repair & Maintenance Services Market (Option 2: As a part of the free 25% customization)
    • Europe Automotive Repair & Maintenance Services Market by Vehicle type
    • Europe Automotive Repair & Maintenance Services Market by Services and Parts
    • Europe Automotive Repair & Maintenance Services Market by Service Providers
    • UK Automotive Repair & Maintenance Services Market All-Up
    • Germany Automotive Repair & Maintenance Services Market All-Up
    • France Automotive Repair & Maintenance Services Market All-Up
    • Spain Automotive Repair & Maintenance Services Market All-Up
    • Rest of Europe Automotive Repair & Maintenance Services Market All-Up
  • Asia-Pacific Automotive Repair & Maintenance Services Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Automotive Repair & Maintenance Services Market by Vehicle type
    • Asia-Pacific Automotive Repair & Maintenance Services Market by Services and Parts
    • Asia-Pacific Automotive Repair & Maintenance Services Market by Service Providers
    • China Automotive Repair & Maintenance Services Market All-Up
    • India Automotive Repair & Maintenance Services Market All-Up
    • Japan Automotive Repair & Maintenance Services Market All-Up
    • Rest of APAC Automotive Repair & Maintenance Services Market All-Up
  • RoW Automotive Repair & Maintenance Services Market (Option 4: As a part of the free 25% customization)
    • RoW Automotive Repair & Maintenance Services Market by Vehicle type
    • RoW Automotive Repair & Maintenance Services Market by Services and Parts
    • RoW Automotive Repair & Maintenance Services Market by Service Providers
    • Brazil Automotive Repair & Maintenance Services Market All-Up
    • South Africa Automotive Repair & Maintenance Services Market All-Up
    • Saudi Arabia Automotive Repair & Maintenance Services Market All-Up
    • UAE Automotive Repair & Maintenance Services Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automotive Repair & Maintenance Services Market All-Up

Major Players Operating in the Automotive Repair & Maintenance Services (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Arnold Clark Automobiles Limited
  • Asbury Automotive Group.
  • Driven Brands, Inc.
  • Firestone Complete Auto Care
  • Jiffy Lube International, Inc
  • Belron UK Limited
  • Carmax Autocare Center
  • MONRO, INC.
  • BOSCH AUTOMOTIVE SERVICE SOLUTIONS INC
  • The Goodyear Tire & Rubber Company