Market Overview:
The global vehicle repair and maintenance service market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. The global vehicle repair and maintenance service market has been segmented on the basis of type, application, and region. On the basis of type, the engine parts segment is expected to account for a major share of the global vehicle repair and maintenance service market in 2018. This can be attributed to rising demand for engine parts due to increase in vehicular population globally.
Product Definition:
Vehicle Repair & Maintenance Service is a service that helps maintain and repair vehicles. It is important because it helps keep vehicles running smoothly and prevents major problems from occurring.
Engine Parts:
Engine parts are the internal working components of an engine. It includes all the moving and stationary mechanical devices that are used to convert energy from fuel into useful form for driving a vehicle. The engine is one of the most important parts in a vehicles, as it provides power to drive wheels by converting chemical energy derived from fuel into useful form that can flow through transmission and drive tires.
Chassis Parts:
Chassis parts are the internal and external body parts of a vehicle that support its load and protect it from damage. The chassis consists of front end, rear end, steering column, tires, fuel tank (if any), battery (if any), frame or tubular structure around these components. It also has safety belts such as airbags under the hood/engine area to protect driver and passengers in case of an accident or collision.
Application Insights:
The passenger vehicle segment held the largest share of over 60.0% in 2017. The growing need for vehicles in developed economies such as U.S., Canada, Germany and France is expected to drive the demand for GMVARS&MSCSM over the forecast period. In addition, increasing disposable income among consumers in developing countries including China, India and Brazil is anticipated to further fuel market growth during the study period.
Commercial vehicle application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for commercial vehicles across emerging countries such as South Africa, Indonesia.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing vehicle production and sales in countries, such as China, India, Japan, and South Korea. The growing population in these countries has led to an increase in demand for passenger vehicles. This has resulted in increased spending on vehicle maintenance services over the forecast period.
North America held a substantial share of the global market due to high demand for luxury cars and commercial vehicles across U.S., Canada, Mexico among other North American countries with established automotive industries. Europe also holds a considerable share of the global market due to high concentration of auto giants like Volkswagen (Germany), BMW (Germany), Fiat Chrysler Automobiles N.V.
Growth Factors:
- Increasing demand for luxury and customized vehicles
- Rising number of accidents and vehicular breakdowns
- Growing awareness about the importance of vehicle maintenance and repair services
- Proliferation of online platforms for booking vehicle repair and maintenance services
- Government initiatives to promote the use of public transport
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Repair & Maintenance Service Market Research Report
By Type
Engine Parts, Chassis Parts, Interior Parts, Body Parts, Others
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Jiffy Lubes International, Firestone Complete Auto Care, Monro Muffler Brake, Driven Brands, Asbury Automotive Group, Sumitomo Corporation, Belron International, Meineke Car Care Center, Goodyear Tire & Rubber, Ashland Automotive, Carmax Autocare Center, Safelite Group, Midas, OTC Tools, Rust-Oleum, GearWrench, Chemical Guys, Schumacher, Pro-Lift
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Repair & Maintenance Service Market Report Segments:
The global Vehicle Repair & Maintenance Service market is segmented on the basis of:
Types
Engine Parts, Chassis Parts, Interior Parts, Body Parts, Others
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 Vehicle, Commercial Vehicle
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:
- Jiffy Lubes International
- Firestone Complete Auto Care
- Monro Muffler Brake
- Driven Brands
- Asbury Automotive Group
- Sumitomo Corporation
- Belron International
- Meineke Car Care Center
- Goodyear Tire & Rubber
- Ashland Automotive
- Carmax Autocare Center
- Safelite Group
- Midas
- OTC Tools
- Rust-Oleum
- GearWrench
- Chemical Guys
- Schumacher
- Pro-Lift
Highlights of The Vehicle Repair & Maintenance Service 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:
- Engine Parts
- Chassis Parts
- Interior Parts
- Body Parts
- Others
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Vehicle Repair & Maintenance Service 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Vehicle repair and maintenance service is a type of service that helps keep your car running smoothly. This includes everything from fixing small issues to more major repairs.
Some of the key players operating in the vehicle repair & maintenance service market are Jiffy Lubes International, Firestone Complete Auto Care, Monro Muffler Brake, Driven Brands, Asbury Automotive Group, Sumitomo Corporation, Belron International, Meineke Car Care Center, Goodyear Tire & Rubber, Ashland Automotive, Carmax Autocare Center, Safelite Group, Midas, OTC Tools, Rust-Oleum, GearWrench, Chemical Guys, Schumacher, Pro-Lift.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Repair & Maintenance Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Repair & Maintenance Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Repair & Maintenance Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Repair & Maintenance Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Repair & Maintenance Service Market Size & Forecast, 2020-2028
4.5.1 Vehicle Repair & Maintenance Service Market Size and Y-o-Y Growth
4.5.2 Vehicle Repair & Maintenance Service Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Engine Parts
5.2.2 Chassis Parts
5.2.3 Interior Parts
5.2.4 Body Parts
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Repair & Maintenance Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Repair & Maintenance Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Engine Parts
9.6.2 Chassis Parts
9.6.3 Interior Parts
9.6.4 Body Parts
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Engine Parts
10.6.2 Chassis Parts
10.6.3 Interior Parts
10.6.4 Body Parts
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Engine Parts
11.6.2 Chassis Parts
11.6.3 Interior Parts
11.6.4 Body Parts
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Engine Parts
12.6.2 Chassis Parts
12.6.3 Interior Parts
12.6.4 Body Parts
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Engine Parts
13.6.2 Chassis Parts
13.6.3 Interior Parts
13.6.4 Body Parts
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Repair & Maintenance Service Market: Competitive Dashboard
14.2 Global Vehicle Repair & Maintenance Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jiffy Lubes International
14.3.2 Firestone Complete Auto Care
14.3.3 Monro Muffler Brake
14.3.4 Driven Brands
14.3.5 Asbury Automotive Group
14.3.6 Sumitomo Corporation
14.3.7 Belron International
14.3.8 Meineke Car Care Center
14.3.9 Goodyear Tire & Rubber
14.3.10 Ashland Automotive
14.3.11 Carmax Autocare Center
14.3.12 Safelite Group
14.3.13 Midas
14.3.14 OTC Tools
14.3.15 Rust-Oleum
14.3.16 GearWrench
14.3.17 Chemical Guys
14.3.18 Schumacher
14.3.19 Pro-Lift
