The Automotive repair and maintenance facilities are delivered by multifaceted diagnostics from tire and wheel alignments to oil adjustments to retain passenger cars as well as commercial vehicles in functioning condition. Several portions of the vehicles such as brakes, engines, filters, and batteries are not visually patterned, while routine maintenance and repair services are important to them to augment the vehicle’s performance. In addition, daily oil change, brake repair, air conditioning operation, and wheel alignment all lead to advancing the vehicle life.
According to the report analysis, ‘Global Automotive Repair and Maintenance Services Market By Vehicle Type (Bikes & Scooters, Passenger Cars, Commercial Vehicles); By Service Providers (Automobile Dealerships, Franchise General Repairs, Locally Owned Repair Shops/Body Shops, Specialty Shops, Tire Shops); and Region – Analysis of Market Size, Share &Trends for 2016-2019 and Forecasts to 2030’ states that as per the research, the market is probable to augment on the back of growing awareness about vehicle maintenance and vehicle protection across the world. The availability of numerous independent auto services and maintenance providers is probable to boost the automobile repair and maintenance service market throughout the forecast duration. Moreover, the superiority of service efficiency, cost-effectiveness, and well-organized maintenance services are the foremost factors that are projected to further influence the industry in the near future. In addition, the augment in on-road vehicles worldwide is projected to fuel the requirement for automotive repair and maintenance services during the forecast duration.
Additionally, the advances in technology have led to advancements in the quality of the materials utilized in the manufacture of vehicles, which has consequently advanced the average automotive life. The usage of automotive turbochargers, start-stop systems, and pollution control catalysts has augmented the vehicle fuel economy and has had a positive impression on the vehicle service life. In view of increasing reliability, there has been a substantial augment in the number of vehicles over the past few decades around the globe. According to a survey, consumers keep their old cars as second-hand vehicles instead of reselling or scrapping them, resulting in proficient repair and maintenance services, thereby potentially influencing the market growth.
Moreover, present surveys and reports on vehicle aftermarket sales have specified that retailing automotive parts online would unfavorably impact the business of conventional retailers, such as service centers and dealerships. The E-retailers such as Amazon sells goods at many inexpensive prices, putting compression on car dealerships to decrease their costs, which in turn will restrict the growth of the requirement for car repair and maintenance services throughout the forecast period. In addition, the integration of B2B and B2C business models, which precisely target DIY customers, further derail the business of specialty repair shops owned nearby.
The worldwide automotive repair and maintenance services market is sectored by region into North America, Latin America, Europe, Middle East & Africa, and the Asia Pacific. Among such, Asia Pacific is observed to hold the greatest market share during the year 2019 owing to the increasing automotive market in the region. As the requirement for automotive in the Asia Pacific is increasing, the automotive repair and maintenance services market are also projected to augment in the region.
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Ankur Gupta, Head Marketing & Communications