Automotive Repair and Maintenance Services Market Research Study: Market Dynamics and Competitive Landscape 2028
The global?automotive repair and maintenance services market ?is projected to grow at a significant CAGR during the forecast period. Factors such as an increase in the average age of vehicles due to technological advancements and an increase in the average mileage driven per vehicle will increase the demand for automotive repair and maintenance services during the forecast period. Moreover, as people become more conscious of road safety, the average repair and maintenance costs for individuals are expected to increase, further driving the growth of the market. In addition, rising used car sales in many regions are expected to further increase the demand for automotive repair and maintenance services over the next five years.?
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By region, the North America region will dominate the automotive repair and maintenance services market in 2022 and will continue to do so over the next five years due to increased vehicle sales and production, growth in the used vehicle market, and tightening government regulations. expected to remain intact. for car maintenance.
Some of the major players operating in Global Automotive Repair & Maintenance Services?market are Sumitomo Corporation, Ashland Automotive Inc., Monro Muffler Brake Inc., Goodyear Tire & Rubber Co., Belron International Ltd., Asbury Automotive Group Inc., Driven Brands Inc., Firestone Complete Auto Care, Halfords Group plc., and Jiffy Lube International. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
TechSci Research calculated the market size of Global?Automotive Repair and Maintenance Services Market?using?a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.?
Key Target Audience:
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Report Scope:
In this report, Global Automotive Repair and Maintenance Services Market?has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Automotive Repair And Maintenance Services Market, By Vehicle Type:
Global Automotive Repair And Maintenance Services Market, By Services and Parts Type:
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