Future Market Insights

FMI has announced Automotive Repair And Maintenance Services Market size, share and Key Trends 2015-2025

Future Market Insights has announced the addition of the “Automotive Repair And Maintenance Services Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.

In recent years, volatile growth has been observed in automotive repair & maintenance service market. The industry is highly fragmented, less than 10% of revenue is generated by top companies. The profitability of individual companies depends on convenient location and good marketing. In automotive repair & maintenance services market, demand depends on number of cars on the road and on car usage. Increase in demand for passenger cars, light commercial vehicle and two-wheelers has fuelled the growth of automotive repair & maintenance services market. Additionally, automotive industry has grown sharply, owing to miscellaneous factors such as rising standard of living, improvement in road infrastructure, growing disposable income, ongoing development in urban and rural areas has further driven automotive repair & maintenance services demand in the market.

Automotive Repair & Maintenance Services Market: Drivers & Restraints

The automotive repair & maintenance services is anticipated to grow at a double-digit CAGR during the forecast period. Growth of the automotive repair & maintenance service is mainly driven by increasing vehicle production, increasing safety and security needs, demand for add-on services, growing vehicle parc, higher customer awareness about vehicle upkeep, periodic maintenance and increasing mandated by governments, among others. However, despite certain technological challenges such as hybrid designs require additional training for mechanics acting as growth restraints, the automotive repair & maintenance services is expected to experience rapid growth over the forecast period.

Browse Full Report@ http://www.futuremarketinsights.com/reports/automotive-repair-and-maintenance-services-market

Automotive Repair & Maintenance Services Segmentation

On the basis of service provider, the global automotive repair & maintenance service market is segmented as:

Automobile Dealerships

Franchise General Repairs

Specialty Shops

Locally Owned Repair Shops

Other

On the basis of vehicle type, the global automotive repair & maintenance service market is segmented as:

Passenger Cars

Light Commercial Vehicles

Heavy Commercial Vehicles

Two-Wheelers

On the basis of services, the global automotive repair & maintenance market is segmented as:

Regular Maintenance

Engine Work

Undercar Work

A/C Work and Cooling system

Other

On the basis of market, the global automotive repair & maintenance services market is segmented as:

Original Equipment Manufacturers (OEM)

After-market

Automotive Repair & Maintenance Services: Region-wise Outlook

The global automotive repair & maintenance services market is anticipated to register a favourable growth for the forecast period, 2015?2025. On the basis of region, Asia Pacific is expected to be the growth engine of automotive repair & maintenance services market in the near future. The key countries mentioned in the Asia-Pacific region are China, India and Japan as an outcome of growth in the vehicle population which in turn is resulting in increase in demand of automotive repair & maintenance services in these countries. Moreover, the region is expected to generate higher revenue as compared to North America and Europe (maturing markets). Japan also contributes to the global automotive repair & maintenance services market remarkably. Moving forward towards the developing regions, Latin America and Middle East & Africa are expected to be the largest opportunity in terms of revenue of the automotive repair & maintenance services market. The remaining regions are expected to grow at a steady rate over the forecast period.

Request Report Sample with TOC@

http://www.futuremarketinsights.com/reports/sample/rep-gb-987

Automotive Repair & Maintenance Services: Key Players

Some of the key market participants in the global automotive repair & maintenance services market are:

Bridgestone

Jiffy Lube

Meineke (a division of Driven Brands)

Safelite Group

AAMCO Transmissions

Asbury Automotive Group

Ashland Incorporated

AutoNation Incorporated

CarMax Incorporated

CARSTAR Incorporated

Discount Tire

Goodyear Tire & Rubber

Midas Incorporated

Sumitomo Corporation

Monro Muffler Brake

Future Market Insights

616 Corporate Way, Suite 2-9018, Valley Cottage, NY , United States,
New York, NY 10989,
United States

Newsletter

Powered by PRNEWS.io