Global Authorized Car Service Center Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
5 Jul, 2023
The global authorized car service center market size is expected to grow from $210.57 billion in 2022 to $226 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global authorized car service center market size is expected to reach $284.77 billion in 2027 at a CAGR of 5.9%.
Global Authorized Car Service Center Market Key Driver
The increasing growth of the automobile sector is projected to support the growth of the authorised car service centre market in the future. The car industry includes businesses involved in the manufacture, distribution, retail, and maintenance of automobiles. Vehicles are serviced at an authorised service centre after purchase to ensure that they receive legitimate OEM (Original Equipment Manufacturer) parts and genuine services. As a result of the increasing growth of the automobile industry, a greater number of authorised service centres will be required to provide genuine and better services, which will increase the authorised vehicle service centre market.
Get a sample of the global authorized car service center market reportGlobal Authorized Car Service Center Market Segments
The global authorized car service center market is segmented:
1) By Auto Body Workshop: OEM Authorized Workshops, Organized Multi-Brand Service Providers
2) By Service: Engine, Transmission, Brakes, Suspension, Electrical, Body, Tire, Belts And Accessories
3) By Vehicle Age: Less Than Three Years, More Than Three Years
4) By Geography: The regions covered in the authorized car service center market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global authorized car service center market.
Major Authorized Car Service Center Industry Players
3M, Volkswagen AG, Toyota Motor Corporation, BMW AG, Suzuki Motor Corporation, Robert Bosch GmbH, Carmozo, Castrol Limited, Carxpert Automotive, Carnation Auto Spa, Honda Motor Co. Ltd., Hyundai Motor Company, The Lansdowne Motor Company, Renault Group, Automovill
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Authorized Car Service Center Market Overview
An authorized car service center refers to any service facility or shop designated as an authorized service center by the car manufacturer, an authorized dealer, or the Company. It is used to carry out routine maintenance, like tire rotations, oil and filter changes, and various inspections.
Authorized Car Service Center Global Market Report 2023 provides data on the global authorized car service center market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The authorized car service center market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.