Automotive Repair and Maintenance Services Market Will hit at a CAGR of 5.6%from 2016 to 2026

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Future Market Insights has announced the addition of the “Automotive Repair and Maintenance Services Market: Global Industry Analysis & Opportunity Assessment, 2016 – 2026” "report to their offering.

Automotive Repair and Maintenance Services Market: Global

Industry Analysis & Opportunity Assessment, 20162026

January 2016

Report Id : REP-GB-987

Status : Dec -16

Category : Automotive & Transportation

©2015 Future Market Insights, All Rights Reserved


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Automotive Repair and Maintenance Services Market

Global Automotive Repair and Maintenance Services Market Anticipated to Reach a Market Valuation

In Excess of US$ 750 Bn by the End of 2026

According to a new report published by Future Market Insights titled “Automotive Repair and

Maintenance Services Market: Global Industry Analysis & Opportunity Assessment, 20162026”, the

global automotive repair and maintenance services market is estimated to reach a market valuation of

US$ 441.3 Bn by 2016 end, witnessing a 5.6% CAGR between 2016 and 2026. Automobile dealership

owners will continue to hold dominant share in the global automotive repair and maintenance services

market accounting for over 25% share of the total market by the end of 2016.

Demand for automotive repair and maintenance services is driven by the increase in vehicle age. With

the improvements in material and technology used for automotive manufacturing, the mean age of

passenger cars in the U.S. increased from 9 years in 2000 to 11.6 years in 2015. With the rising vehicle

sales in the U.S. and Western Europe, the demand for automotive repair and maintenance services is

expected to rise exponentially. Also, a reduction in gas and oil prices has led to an increase in the total

miles driven by vehicle owners and this being related to vehicle parts wear and tear, there is a growing

need for vehicle maintenance and repairs – this is another factor driving the growth of the global

automotive repair and maintenance services market.

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©2015 Future Market Insights, All Rights Reserved 4


Automotive Repair and Maintenance Services Market

Segmentation analysis

Future Market Insights’ report on the global automotive repair and maintenance services market offers

useful insights on market performance of the various segments of the global automotive repair and

maintenance services market. Some of the highlights of our research reveal the following vital points:

Demand for various services and parts in the automotive aftermarket such as tires, engine oil, and

wear and tear parts will continue to gain traction in the coming years

The tires segment is forecast to register a CAGR of 7.9% during 20162026

The wear and tear parts and engine oil services and parts segments are expected to represent 14.1%

and 8.6% shares of the total incremental opportunity in the coming decade

The automobile dealerships service provider segment is anticipated to be valued in excess of US$ 100

Bn by this year end, witnessing a CAGR of 4% during the forecasted period

The passenger cars vehicle type segment was the maximum value generating segment in terms of

vehicle type in 2015 and is projected to gain significant market share over the forecast period. This

segment is anticipated to gain 200 BPS between 2016 and 2026 due to higher sales of passenger cars

in the coming years

©2015 Future Market Insights, All Rights Reserved 5


Automotive Repair and Maintenance Services Market

Regional analysis

North America is the largest market for automotive repair and maintenance services accounting for over

26% market share in terms of revenue in the global automotive repair and maintenance services market

by the end of 2016. The APEJ automotive repair and maintenance services market is projected to hold

significant market share in terms of value in the global automotive repair and maintenance services

market over the forecast period, exhibiting a CAGR of 8.6% over the forecast period. This is attributed to

increasing vehicle parc in this region and an under developed road infrastructure in many countries of

APEJ.

Vendor insights

The global automotive repair and maintenance services market report analyses the business

performance including short-term and long-term strategies, service offerings, and other developments of

a few of the top market players operating in the global automotive repair and maintenance services

market. The companies profiled in the report are Asbury Automotive Group Inc., Jiffy Lubes International

Inc., Monro Muffler Brake Inc., Driven Brands Inc., and Belron International Ltd. Mergers and acquisitions

seems to be the most preferred strategy adopted by several market players to expand their global

presence and increase market share.

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Table of Content

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

2.3. Parent / Associated Market Overview

3. Automotive Repair and Maintenance Services Market Analysis Scenario

3.1. Market Size (US$ Mn) and Forecast

3.1.1. Market Size and Y-o-Y Growth

3.1.2. Absolute $ Opportunity

4. Market Dynamics

4.1. Macro-economic Factors

4.2. Drivers

4.3. Restraints

4.4. Opportunity

4.5. Forecast Factors - Relevance and Impact

©2015 Future Market Insights, All Rights Reserved

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Table of Content

5. Global Automotive Repair and Maintenance Services Market Analysis and Forecast, By Services

and Parts

5.1. Introduction

5.1.1. Basis Point Share (BPS) Analysis By Services and Parts

5.1.2. Y-o-Y Growth Projections By Services and Parts

5.2. Market Size (US$ Mn) Forecast By Services and Parts

5.2.1. Engine Oil

5.2.2. Gear Oil

5.2.3. Brake Oil

5.2.4. Grease

5.2.5. Tires

5.2.6. Batteries

5.2.7. Wear and Tear Parts

5.2.8. Air Filter

5.2.9. Cabin Filter

5.2.10. Oil Filter

5.2.11. Wiper Blades

5.2.12. Collision Body

5.2.13. Starters and Alternators

5.2.14. Lighting

©2015 Future Market Insights, All Rights Reserved

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Table of Content

5.2.15. Exhaust Components

5.2.16. Spark Plugs

5.3. Market Attractiveness Analysis By Services and Parts

5.4. Prominent Trends

6. Global Automotive Repair and Maintenance Services Market Analysis and Forecast, By Service

Provider

6.1. Introduction

6.1.1. Basis Point Share (BPS) Analysis By Service Provider

6.1.2. Y-o-Y Growth Projections By Service Provider

6.2. Market Size (US$ Mn) Forecast By Service Provider

6.2.1. Automotive Dealerships

6.2.2. Franchise General Repairs

6.2.3. Specialty Shops

6.2.4. Locally owned Repair Shops/Body Shops

6.2.5. Tire Shops

6.2.6. Others

©2015 Future Market Insights, All Rights Reserved

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Table of Content

6.3. Market Attractiveness Analysis By Service Provider

6.4. Prominent Trends

7. Global Automotive Repair and Maintenance Services Market Analysis and Forecast, By Vehicle

Type

7.1. Introduction

7.1.1. Basis Point Share (BPS) Analysis By Vehicle Type

7.1.2. Y-o-Y Growth Projections By Vehicle Type

7.2. Market Size (US$ Mn) Forecast By Vehicle Type

7.2.1. Passenger Cars

7.2.2. LCV

7.2.3. HCV

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