Automotive Repair & Maintenance Services Market by Type, Service Provider, Vehicle

Description

List of Tables

[188 Pages Report] The Automotive Repair & Maintenance Services Market size was estimated at USD 509.66 billion in 2023 and expected to reach USD 544.37 billion in 2024, at a CAGR 7.39% to reach USD 839.88 billion by 2030.

Automotive repair and maintenance services encompass many businesses providing vehicle care solutions, including general repair shops, bodywork centers, specialized service providers, and car dealerships with service departments. These services are essential in maintaining vehicles' performance, safety, and longevity by addressing engine failure, wear-and-tear parts replacement, accidental damage repair, preventive maintenance tasks, diagnostic checks, tire services, and alignment. Increasing vehicle ownership globally, expanding urbanization, rising awareness about vehicular safety and environmental concerns, and advancements in automotive technology are leading to advanced complexity in-vehicle systems that require professional servicing, repairs, and maintenance. Government regulations for emission control necessitate regular checks, outsourcing of fleet management operations by organizations, and growth of eCommerce, which result in higher demand for last-mile delivery vehicles requiring timely maintenance. However, high costs and limited availability of skilled technicians may reduce the adoption of automotive repair & maintenance services. Moreover, the surge in the adoption of electric vehicles and the use of AR & VR services for automotive repair are expected to increase the adoption of automotive repair & maintenance.

KEY MARKET STATISTICS
Base Year [2023]	USD 509.66 billion
Estimated Year [2024]	USD 544.37 billion
Forecast Year [2030]	USD 839.88 billion
CAGR (%)	7.39%

Type: Significant usage of mechanical services for vehicle safety and maintenance

Services under exterior & structural primarily focus on maintaining and repairing the vehicle's outer body and structural integrity. Body Repair services encompass filling, sanding, and repainting damaged areas, ensuring a seamless match with the rest of the vehicle. The controls, modules, and sensors address the electronic components of a vehicle that are essential for its proper functioning. These services include diagnostics, repair, or replacement of key components such as the engine control unit (ECU), airbags, and other sensor-driven systems. Electrical services include troubleshooting and repairing issues with the battery, alternator, starter, and other electrical systems to ensure the vehicle's reliability and functionality. Maintenance and repair of the lighting system focus on the vehicle's internal and external lighting components. The windows & glass services are dedicated to repairing or replacing the vehicle's glass components due to damage or security concerns; maintaining clear and undamaged glass is essential for safety and the vehicle's overall integrity. Maintenance services are fundamental for maintaining a vehicle's operational condition, covering oil changes, tire rotations, and scheduled services.

Mechanical repair services address the diverse mechanical components of a vehicle crucial for its operation. Brake services are critical for vehicle safety and maintenance, encompassing brake pad replacement, brake fluid change, rotor resurfacing or replacement, and brake line inspection. Drivetrain services involve repair or maintenance tasks such as fluid changes, part replacement, and alignment adjustments, which are critical for smooth and reliable vehicle operation. Engine services cover a wide range of maintenance and repair tasks necessary for a vehicle's engine's optimal performance and longevity. Exhaust system services can include repairing or replacing components such as the muffler, catalytic converter, exhaust pipes, and oxygen sensors, ensuring proper emissions control and vehicle performance. Filters replacement services ensure that a vehicle's air, oil, fuel, and cabin filters function effectively. Lubricant services encompass changing a vehicle's oils and lubricants essential for the proper functioning and longevity of its moving parts. Steering and suspension services include repairs and adjustments to the steering system, suspension system, shocks, and struts, ensuring that a vehicle handles properly, maintains road contact, and delivers a smooth ride. Tires services include rotation, balancing, alignment, and replacement to ensure vehicle safety, efficiency, and performance. Wheels services focus on maintaining and repairing a vehicle's wheels, including alignment, balancing, and repairing or replacing damaged wheels.

Vehicle: Increasing adoption of automotive repair & maintenance services by light commercial vehicles

Heavy commercial vehicles encompass trucks, buses, and other large transport vehicles primarily used for commercial purposes. Repair and maintenance for these vehicles demand specialist technicians due to their size and complexity. Standard services required by HCVs include engine overhauls, brake system repairs, suspension work, and tire replacement. Light commercial vehicles include vans, minivans, pickup trucks, and utility vehicles designed for business use. LCV owners prioritize quick turnaround times for repair services to minimize disruption to their operations. These vehicles commonly require routine servicing such as oil changes, brake pad replacements, transmission work, and electrical repairs. Passenger cars include a wide range of personal-use vehicles such as sedans, hatchbacks, SUVs, and crossovers. Common maintenance needs for passenger cars include oil changes, tire rotations, brake repairs, and battery replacements. The two-wheeler consists primarily of motorcycles and scooters used for personal transportation. Maintenance requirements involve engine tune-ups, chain adjustments, brake servicing, and tire replacements.

Regional Insights

The presence of a large number of independent service providers, franchised workshops, and dealership-owned facilities and the adoption of technologically advanced vehicles are expanding the use of automotive repair and maintenance services in the Americas. Stringent regulations related to environmental protection and vehicle safety coupled with periodic technical inspection of vehicles to ensure compliance with emissions standards are resulting in increased adoption of automotive repair and maintenance in the EMEA region. Growing demand for personal vehicles, government initiatives supporting green mobility solutions, and a well-established network of maintenance providers offering high-quality services are encouraging the growth of automotive repair & maintenance in the APAC region. Additionally, the adoption of breakthrough technologies such as telematics, digital diagnostics tools, and data analytics by automotive repair & maintenance service providers is anticipated to increase car owners' adoption of automotive repair & maintenance services worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Repair & Maintenance Services Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Repair & Maintenance Services Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Repair & Maintenance Services Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AAMCO Transmissions Inc., Arnold Clark Automobiles Limited, Asbury Automotive Group, Inc., Ashland Automotive, Inc., Automotive Technology Products LLC, Belron International Ltd., Bridgestone Corporation, CarMax Enterprise Services, LLC, CARSTAR Franchise Systems Inc., Continental AG, Denso Corporation, Driven Brands, Inc., Faurecia SE, Firestone Complete Auto Care, Goodyear Tire & Rubber Company, Halfords Group PLC, Honeywell International, Inc., International Automotive Components Group GmbH, Jiffy Lube International, Inc., Johnson Controls, Inc., Magna International Inc., Mann+Hummel Group, Martinrea International Inc., Meineke Car Care Centers, LLC, Mitsuba Corporation, Robert Bosch GmbH, Speedee Worldwide, LLC, Tenneco Inc., and Ziebart International Corporation.

Market Segmentation & Coverage

This research report categorizes the Automotive Repair & Maintenance Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Exterior & Structural
  - Body Repair
  - Controls, Modules & Sensors
  - Electrical
  - Lighting System
  - Windows & Glass

Maintenance Services
- Schedule Repair Service
- Unscheduled Maintenance Service

Mechanical
- Brakes
- Drivetrain
- Engine
- Exhaust System
- Filters
- Lubricant
- Steering & Suspension
- Tires
- Wheels

Service Provider
- Franchise General Repairs
- Local Garage
- OEM Authorized Service Centers
- Tire Stores & Repair Chains

Vehicle
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Cars
  - Personal Car
  - Shared Car

Two Wheelers

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Repair & Maintenance Services Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Repair & Maintenance Services Market?

3. What are the technology trends and regulatory frameworks in the Automotive Repair & Maintenance Services Market?

4. What is the market share of the leading vendors in the Automotive Repair & Maintenance Services Market?

5. Which modes and strategic moves are suitable for entering the Automotive Repair & Maintenance Services Market?

Product Code: MRR-434CCDA04892

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing automotive ownership and age of existing vehicles
  - 5.1.1.2. Rising cases of vehicle collisions and accidents
  - 5.1.1.3. Government awareness regarding vehicle maintenance to conserve fuel
- 5.1.2. Restraints
  - 5.1.2.1. High cost of frequent servicing and limited warranty coverage
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in automotive technology with rise of connected and electric vehicles
  - 5.1.3.2. Use of AR & VR technology for vehicle repair and maintenance procedures
- 5.1.4. Challenges
  - 5.1.4.1. Lack of skilled technicians and potential of inconsistent service quality
5.2. Market Segmentation Analysis
- 5.2.1. Type: Significant usage of mechanical services for vehicle safety and maintenance
- 5.2.2. Vehicle: Increasing adoption of automotive repair & maintenance services by light commercial vehicles
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive Repair & Maintenance Services Market, by Type

6.1. Introduction
6.2. Exterior & Structural
6.3. Maintenance Services
6.4. Mechanical

7. Automotive Repair & Maintenance Services Market, by Service Provider

7.1. Introduction
7.2. Franchise General Repairs
7.3. Local Garage
7.4. OEM Authorized Service Centers
7.5. Tire Stores & Repair Chains

8. Automotive Repair & Maintenance Services Market, by Vehicle

8.1. Introduction
8.2. Heavy Commercial Vehicle
8.3. Light Commercial Vehicle
8.4. Passenger Cars
8.5. Two Wheelers

9. Americas Automotive Repair & Maintenance Services Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Automotive Repair & Maintenance Services Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Automotive Repair & Maintenance Services Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. KwikFix Auto launches mobile application customizing offerings for user's vehicle needs
- 12.3.2. MG Motor India introduces doorstep vehicle repair and maintenance
- 12.3.3. Autotech startup FixiGo forays into South and West India to provide car repair and maintenance services
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio