Automotive repair and maintenance services market size, trends, shares, insights and forecast

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2. AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES MARKET ANALYSIS Automotive Repair and Maintenance Services Market, By Services and Parts (Engine Oil, Gear Oil, Brake Oil, Grease, Tires, Batteries, Wear and Tear Parts, Air Filter, Cabin Filter, Oil Filter, Wiper Blades, Collision Body, Starters and Alternators, Lighting, Exhaust Components and Spark Plugs) By Service Provider (Automobile Dealerships, Franchise General Repairs, Specialty Shops, Locally owned repair shops, Tire Shops and Others) By Vehicle Type (Passenger Cars, LCV and HCV) by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. The automobile after service market is the secondary market of an automobile industry which include of manufacturing, installation remanufacturing, retailing, distribution and of all vehicle parts, equipment, accessories and chemicals after the sale of automobile. These services are provided by automobile dealership owner or small locally owned shops. Aftermarket component s are either provided by automobile companies or company certified shop owners. Furthermore wear and tear parts maintenance is comprised of suspension, engine, shock absorbers, brake wheel end, and driveline, while exhaust components include exhaust manifold, tailpipe, mufflers, and catalytic converter. The tire services include tire pressure monitoring, misalignment of tires repair of flat tires, replacement of tires, etc. Similarly, battery services include, replacement of automotive batteries. Furthermore, according to coherent market analysis, in passenger cars are the biggest contributor to global automobile after service market with 72% in 2019 and it is expected to remain increasing owing to increasing adoption of automobile vehicles in the developing countries such as India, China. • Market Dynamics • Automotive repair and maintenance services over the forecast period owing to Increasing disposable income of people, increasing number of vehicles, increasing focus on passenger safety in vehicles and increasing average age of vehicles. Furthermore, Changing rules and regulations of government about automobile manufacturing and services are expected to fuel the global automotive repair and maintenance service market over the forecast period. For instance, According to coherent market analysis, in 2017 Government of India implemented Bharat stage emission standards IV which are based on European laws to control exhaust gases emission. This laws emphasize on controlling and monitoring of exhaust gases, to prevent excessive emission of exhaust gases time to time maintenance and service is required.

4. However, increased costs associated with repair and maintenance services, increased costs associated with repair and maintenance services are few factors, which are expected to restrain growth of global automotive repair and maintenance services market over the forecast period. • Market Taxonomy • This report segments the global automotive repair and maintenance services market on the basis of services and parts, service provider, vehicle type and region. On the basis of Services and Parts, global automotive repair and maintenance services market is segmented into engine oil, gear oil, brake oil, grease, tires, batteries, wear and tear parts, air filter, cabin filter, oil filter, wiper blades, collision body, starters and alternators, lighting, exhaust components and spark plugs. On the basis of Service provider, the global automotive repair and maintenance services market is segmented into Automobile Dealerships, Franchise General Repairs, Specialty Shops, Locally owned repair shops, Tire Shops and Others. On the basis of vehicle type, the global automotive repair and maintenance services market is segmented into Passenger Cars, LCV and HCV. On the basis of region, global automotive repair and maintenance services market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa. • Key features of the study: • This report provides an in-depth analysis of the global automotive repair and maintenance services market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year. • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players • It profiles leading players in the global automotive repair and maintenance services market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans • Key companies covered in the global automotive repair and maintenance services market includes Firestone Complete Auto Care, Ashland Automotive, Inc., Driven Brands, Inc., CarmaxAutocareCenter, Sumitomo Corporation, Monro Muffler Brake, Inc., Belron International Ltd., Goodyear Tire & Rubber Co., and Jiffy Lube International Inc. • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

5. Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics • The global automotive repair and maintenance services market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive repair and maintenance services market. • Detailed Segmentation: • Global Automotive Repair And Maintenance Services Market, By Services and Parts: • Engine Oil • Gear Oil • Brake Oil • Grease • Tires • Batteries • Wear and Tear Parts • Air Filter • Cabin Filter • Oil Filter • Wiper Blades • Collision Body • Starters and Alternators • Lighting • Exhaust Components • Spark Plugs • Global Automotive Repair And Maintenance Services Market, By Service Provider: • Automobile Dealerships • Franchise General Repairs • Specialty Shops • Locally owned repair shops • Tire Shops • Others

6. Global Automotive Repair And Maintenance Services Market, By Vehicle Type: • Passenger Cars • LCV • HCV • Global Automotive Repair And Maintenance Services Market, By Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Company Profiles • Firestone Complete Auto Care* • Company Overview • Product Portfolio • Financial Performance • Key Strategies • Recent Developments • Future Plans • Ashland Automotive, Inc. • Driven Brands, Inc. • CarmaxAutocareCenter • Sumitomo Corporation • Monro Muffler Brake, Inc. • Belron International Ltd. • Goodyear Tire & Rubber Co. • Jiffy Lube International Inc. •  *Browse all the market data tables and figures on “Global Automotive Repair and Maintenance Services Market- Forecast to 2027”

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