Global Automotive Repair and Maintenance Market Trends And Strategies Of Major Players In The Automotive Repair and Maintenance Market 2021-2030

30 Apr, 2021

The automotive repair and maintenance market consists of sales of automotive repair and maintenance services by entities (organizations, sole traders and partnerships) that provide automotive repair and maintenance services for passenger automobiles, commercial vehicles and motorcycles and bicycles.

Global Automotive Repair and Maintenance Market Size And Drivers:

The automotive repair and maintenance market expected to reach $641. billion in 2020 to $690.7 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The market is expected to reach $879. billion in 2025 at a CAGR of 6%.

The growth in the automotive repair and maintenance market is due to growing population, exploration of shale oil, investment in the manufacturing industry and low fuel prices.

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Trends In The Global Automotive Repair and Maintenance Market

Automotive repair and maintenance services companies are increasingly using artificial intelligence based automated vehicle inspection technology for vehicle inspection. Automated vehicle inspection systems capture pictures of the vehicle entering the cabin from multiple angles and uploads it to the central computing system which then compares it with standards to identify deviations. The system generates a report with an overview of all the issues flagged in the car and the required actions needed to be taken.

Global Automotive Repair and Maintenance Market Segments:
The global automotive repair and maintenance market is further segmented based on type, vehicle type, service providers and geography.
By Type: Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, Interior, and Glass Repair, Other Automotive Repair and Maintenance.
By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Bike & Scooter.
By Service Providers: Automotive Dealership, Franchise General Repair, Specialty Shop, Locally Owned Repair Shops/Body Shop, Others.
By Geography: The global automotive repair and maintenance market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global automotive repair and maintenance market, accounting for 33% of the market.

Read More On The Report For The Global Automotive Repair and Maintenance Market At:

https://www.thebusinessresearchcompany.com/report/automotive-repair-and-maintenance-global-market-report-2020-30-covid-19-impact-and-recovery

Automotive Repair and Maintenance Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides automotive repair and maintenance market overviews, analyzes and forecasts market size and growth for the global automotive repair and maintenance market, automotive repair and maintenance market share, automotive repair and maintenance market players, automotive repair and maintenance market segments and geographies, automotive repair and maintenance market’s leading competitors’ revenues, profiles and market shares. The automotive repair and maintenance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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