Market Overview:
The global car maintenance and repairs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) across the globe. Additionally, rising awareness about vehicle safety and regular maintenance is also propelling the growth of this market. The car inspection segment is estimated to account for a major share of the global car maintenance and repairs market in 2018. This can be attributed to the growing need for periodic inspections in order to identify any potential issues with a vehicle that may lead to its breakdown or malfunctioning later on.
Product Definition:
Car maintenance and repairs are the activities that are carried out in order to keep a car in good working order. This includes checking and topping up fluids, changing the oil, checking and replacing filters, rotating tires, and inspecting brakes. It is important to carry out regular car maintenance and repairs because it helps to keep the car running smoothly and prevents major problems from developing.
Car Inspection:
Car inspection is a process to detect problems with vehicles. It helps the user to determine various aspects of a vehicle such as mechanical condition, electrical system and emission control. The factors that propel market growth include increasing demand for car inspection services due to stringent government regulations on automotive maintenance and growing awareness about vehicle safety among consumers.
Car Maintenance:
Car maintenance is the systematic process of checking, repairing, and updating any vehicle. It includes a set of tools and techniques that are used to keep a vehicle in good working condition. The main objective of car maintenance is to increase the life cycle of a vehicle by keeping it running smoothly. Car Maintenance also includes diagnosing problems with technical help from specialists or technicians.
Maintenance helps in increasing the performance longevity.
Application Insights:
The global market is segmented by application into passenger vehicles, light commercial vehicles (LCVs), heavy commercial Vehicles (HCVs) and other applications. The HCV segment dominated the market in 2017 and this trend is expected to continue over the forecast period. This can be attributed to a rise in demand for long-distance travel and increased production of heavy Commercial Vehicles (HCVs).
Heavy Commercial Vehicle (HCV) includes trucks, buses, coaches and others such as mini-buses used for intercity transport. These are generally longer than regular cars with larger engines which enables them to carry more passengers or goods at a time. LCV stands for Light Commercial Vehicle which means small trucks/lorries that are used on smaller routes between cities or towns where there isn't enough room on the highway due to traffic congestion or narrow roadsides.
Regional Analysis:
The Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automobile production, especially in China, India, Japan and South Korea. Furthermore, rising disposable income coupled with a growing population will also help boost the demand for automobiles which will subsequently drive regional growth.
Europe was estimated to be the second-largest regional market in 2017 owing to high demand from countries such as Germany and France. However, sluggish economic conditions are anticipated to hamper automotive sales which may result in reduced maintenance activities over the next eight years.
Growth Factors:
- Increasing disposable income of the population: The growth in the disposable income of the population is one of the key drivers for this market. This is because with an increase in disposable income, people are able to spend more on car maintenance and repairs.
- Rising number of cars on road: The increasing number of cars on road is also a key driver for this market as it leads to an increase in demand for car maintenance and repairs services.
- Growing awareness about car care: There has been a growing awareness among people about taking care of their cars and this is driving demand for car maintenance and repairs services.
- Technological advancements: Advancements in technology are also helping to drive growth in this market as they are resulting in better products and services being offered by players operating in this space.
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Maintenance and Repairs Market Research Report
By Type
Car Inspection, Car Maintenance, Car Repair, Car Maintenance and Repair
By Application
Passenger Vehicles, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
By Companies
3M Company, Arnold Clark Automobiles Limited, Asbury Automotive Group, Inc., Ashland Automotive, Inc., Belron International Ltd., Carmax Autocare Center, Driven Brands, Inc., Firestone Complete Auto Care, Goodyear Tire & Rubber Company, Halfords Group Plc., Jiffy Lube International, Inc., Monro Muffler Brake, Pendragon Plc., Lookers Group, B&S Chevron Service., Sumitomo Corporation, Meineke Car Care Center, Safelite Group, Midas, OTC Tools, China Grand Automotive, Zhongsheng Group, Car Maintenance and Repair
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Car Maintenance and Repairs Market Report Segments:
The global Car Maintenance and Repairs market is segmented on the basis of:
Types
Car Inspection, Car Maintenance, Car Repair, Car Maintenance and Repair
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M Company
- Arnold Clark Automobiles Limited
- Asbury Automotive Group, Inc.
- Ashland Automotive, Inc.
- Belron International Ltd.
- Carmax Autocare Center
- Driven Brands, Inc.
- Firestone Complete Auto Care
- Goodyear Tire & Rubber Company
- Halfords Group Plc.
- Jiffy Lube International, Inc.
- Monro Muffler Brake
- Pendragon Plc.
- Lookers Group
- B&S Chevron Service.
- Sumitomo Corporation
- Meineke Car Care Center
- Safelite Group
- Midas
- OTC Tools
- China Grand Automotive
- Zhongsheng Group
- Car Maintenance and Repair
Highlights of The Car Maintenance and Repairs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Car Inspection
- Car Maintenance
- Car Repair
- Car Maintenance and Repair
- By Application:
- Passenger Vehicles
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Car Maintenance and Repairs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Car maintenance and repairs are necessary to keep your car running smoothly. Regularly scheduled maintenance can help prevent major problems from developing, while repairs can be made when they become necessary.
Some of the key players operating in the car maintenance and repairs market are 3M Company, Arnold Clark Automobiles Limited, Asbury Automotive Group, Inc., Ashland Automotive, Inc., Belron International Ltd., Carmax Autocare Center, Driven Brands, Inc., Firestone Complete Auto Care, Goodyear Tire & Rubber Company, Halfords Group Plc., Jiffy Lube International, Inc., Monro Muffler Brake, Pendragon Plc., Lookers Group, B&S Chevron Service., Sumitomo Corporation, Meineke Car Care Center, Safelite Group, Midas, OTC Tools, China Grand Automotive, Zhongsheng Group, Car Maintenance and Repair.
The car maintenance and repairs market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Car Maintenance and Repairs Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Car Maintenance and Repairs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Car Maintenance and Repairs Market - Supply Chain
4.5. Global Car Maintenance and Repairs Market Forecast
4.5.1. Car Maintenance and Repairs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Car Maintenance and Repairs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Car Maintenance and Repairs Market Absolute $ Opportunity
5. Global Car Maintenance and Repairs Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Car Maintenance and Repairs Market Size and Volume Forecast by Type
5.3.1. Car Inspection
5.3.2. Car Maintenance
5.3.3. Car Repair
5.3.4. Car Maintenance and Repair
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Car Maintenance and Repairs Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Car Maintenance and Repairs Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicles
6.3.2. Light Commercial Vehicles (LCVs)
6.3.3. Heavy Commercial Vehicles (HCVs)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Car Maintenance and Repairs Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Car Maintenance and Repairs Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Car Maintenance and Repairs Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Car Maintenance and Repairs Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Car Maintenance and Repairs Demand Share Forecast, 2019-2026
9. North America Car Maintenance and Repairs Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Car Maintenance and Repairs Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Car Maintenance and Repairs Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicles
9.4.2. Light Commercial Vehicles (LCVs)
9.4.3. Heavy Commercial Vehicles (HCVs)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Car Maintenance and Repairs Market Size and Volume Forecast by Type
9.7.1. Car Inspection
9.7.2. Car Maintenance
9.7.3. Car Repair
9.7.4. Car Maintenance and Repair
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Car Maintenance and Repairs Demand Share Forecast, 2019-2026
10. Latin America Car Maintenance and Repairs Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Car Maintenance and Repairs Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Car Maintenance and Repairs Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicles
10.4.2. Light Commercial Vehicles (LCVs)
10.4.3. Heavy Commercial Vehicles (HCVs)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Car Maintenance and Repairs Market Size and Volume Forecast by Type
10.7.1. Car Inspection
10.7.2. Car Maintenance
10.7.3. Car Repair
10.7.4. Car Maintenance and Repair
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Car Maintenance and Repairs Demand Share Forecast, 2019-2026
11. Europe Car Maintenance and Repairs Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Car Maintenance and Repairs Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Car Maintenance and Repairs Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicles
11.4.2. Light Commercial Vehicles (LCVs)
11.4.3. Heavy Commercial Vehicles (HCVs)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Car Maintenance and Repairs Market Size and Volume Forecast by Type
11.7.1. Car Inspection
11.7.2. Car Maintenance
11.7.3. Car Repair
11.7.4. Car Maintenance and Repair
11.8. Basis Point Share BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Car Maintenance and Repairs Demand Share, 2019-2026
12. Asia Pacific Car Maintenance and Repairs Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Car Maintenance and Repairs Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Car Maintenance and Repairs Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicles
12.4.2. Light Commercial Vehicles (LCVs)
12.4.3. Heavy Commercial Vehicles (HCVs)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Car Maintenance and Repairs Market Size and Volume Forecast by Type
12.7.1. Car Inspection
12.7.2. Car Maintenance
12.7.3. Car Repair
12.7.4. Car Maintenance and Repair
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Car Maintenance and Repairs Demand Share, 2019-2026
13. Middle East & Africa Car Maintenance and Repairs Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Car Maintenance and Repairs Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Car Maintenance and Repairs Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicles
13.4.2. Light Commercial Vehicles (LCVs)
13.4.3. Heavy Commercial Vehicles (HCVs)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Car Maintenance and Repairs Market Size and Volume Forecast by Type
13.7.1. Car Inspection
13.7.2. Car Maintenance
13.7.3. Car Repair
13.7.4. Car Maintenance and Repair
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Car Maintenance and Repairs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Car Maintenance and Repairs Market: Market Share Analysis
14.2. Car Maintenance and Repairs Distributors and Customers
14.3. Car Maintenance and Repairs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arnold Clark Automobiles Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Asbury Automotive Group, Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ashland Automotive, Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Belron International Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Carmax Autocare Center
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Driven Brands, Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Firestone Complete Auto Care
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Goodyear Tire & Rubber Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Halfords Group Plc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jiffy Lube International, Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Monro Muffler Brake
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pendragon Plc.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Lookers Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. B&S Chevron Service.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sumitomo Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Meineke Car Care Center
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Safelite Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Midas
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. OTC Tools
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
