The automotive repair and maintenance market size is expected to see strong growth in the next few years. It will grow to $1381 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The anticipated growth in the forecast period can be attributed to a growing sense of sustainability, an increasing vehicle failure rate, and the cost-benefit associated with repairing older vehicles. Additionally, factors such as rising government regulations for automotive waste management and higher purchase costs of automotive vehicles contribute to this growth. Major trends expected in the forecast period include the adoption of predictive maintenance solutions, the implementation of enhanced safety features, the integration of advanced technology, increased mergers and acquisitions, the use of remote vehicle diagnostic systems, and the adoption of artificial intelligence (AI) solutions.
Automotive service providers in repair and maintenance are increasingly integrating diagnostic tools into customer vehicles, enhancing their service offerings. On-board diagnostics tools serve to monitor vehicle conditions and proactively identify potential issues by conducting diagnostic assessments. For example, Koovers, a car maintenance services provider, incorporates an onboard diagnostics tool for its registered customers. When the tool reports an error, Koovers' call center promptly contacts the customer, facilitating necessary repair work. This proactive approach enables garages to anticipate required parts for servicing, thereby reducing wait times significantly.
The expanding automotive industry is anticipated to drive substantial growth within the automotive repair and maintenance market. This sector encompasses a myriad of organizations engaged in vehicle design, development, manufacturing, marketing, sales, and upkeep. Automotive repair and maintenance services play a crucial role within this industry, ensuring the sustained functionality, safety, and durability of vehicles. For instance, data released in May 2023 by the European Automobile Manufacturers Association revealed a notable 5.7% surge in global motor vehicle production in 2022, totaling 85.4 million units compared to the previous year. Consequently, the burgeoning automotive industry remains a key driver propelling growth within the automotive repair and maintenance market.
Prominent entities operating in the automotive repair and maintenance services sector are introducing innovative services such as Car Genius, aimed at delivering reliable solutions to customers. Car Genius, an automotive repair and maintenance service, focuses on empowering customers to make informed decisions regarding their vehicle repairs by providing valuable insights and recommendations. Notably, in January 2023, Repair Pal, a US-based company offering automotive repair and maintenance services, launched the Car Genius service. Accessible to select partners, this service allows customers to benefit from the expertise of Repair Pal's automotive repair professionals, fostering informed decision-making in vehicle maintenance and repair matters.
Major companies operating in the automotive repair and maintenance market report are LKQ Corporation, Belron International Ltd., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc., Nippon Express Co., Ltd., Lookers PLC, Halfords, ComfortDelGro Corporation, A2B Australia Ltd., Nextage Co.,Ltd., Bigmotor Co., Ltd., Hitachi Transport System, Ltd., Evergreen Motors, Kothari Auto Link Private Limited, Modi Motors Agencies Private Limited, China Grand Automobile Service Co., Ltd., Xianglong Borui Auto Services (Group) Co., Ltd., Sanhe Group, Changzhou Tourism Automobile Group Co., Ltd., Nanchong Kunhe Automobile Trading Co., Ltd., Kwik-Fit (GB), ATS Euromaster Ltd., Berlin Motor Works, A R German Motors, MAN Truck & Bus Deutschland GmbH, Mobivia SA, Euromaster France SNC, Carglass SAS, Hyundai Motor Manufacturing Rus Limited Liability Company, Nokian Shina Ltd., Arkhangelski Tsbk, Ao, Limited Liability Company Pcma Rus, Tatneft-Azs-Severo-Zapad, Ooo, Llc Bridgestone C.I.S., Societe A Responsabilite Limitee Peugeot Citroen RuS, Midas International, Meineke Car Care Centers, CARSTAR Franchise Systems, AAMCO Transmissions and Total Care, Precision Tune Auto Care, Christian Brothers Automotive, Tuffy Tire and Auto Service, Milex Complete Auto Care/Mr. Transmission, Honest-1 Auto Care, Darlon Wilian Da Silva Gusmao, Ademir Vacari, Auto Socorro Do Careca Ltda, Neutrans S.A., Bosch Car Service, Z F Services Middle East L.L.C, Emrill Services L.L.C, Amana Contracting & Steel Building Company - W L L, Al Naboodah Contracting Co. (L.L.C.), Saeed Mohd. Al Ghandi & Sons, Ag Facilities Solutions L.L.C, Al Futtaim Auto & Machinery Company (Llc) – Famco, Al Shirawi Enterprises (L.L.C.), Yanfeng South Africa Automotive Interior Systems (Pty) Ltd., Germatic Autobody CC, Kempster Sedgwick (Pty) Ltd., Prommac (Pty) Ltd., Federal-Mogul Of South Africa (Pty) Ltd., Tracker Connect (Pty) Ltd.
Western Europe was the largest region in the automotive repair and maintenance market in 2023. Asia-Pacific was the second-largest region in the automotive repair and maintenance market. The regions covered in the automotive repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive repair and maintenance market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The automotive repair and maintenance market consists of revenues earned by entities that provide services for passenger automobiles, commercial vehicles, and motorcycles and bicycles. This market includes establishments such as general automotive repair, automotive exhaust system repair, automotive transmission repair, other automotive mechanical and electrical repair and maintenance, automotive glass replacement, and car washes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The primary categories of automotive repair and maintenance include automotive mechanical and electrical repair, as well as automotive body, paint, interior, and glass repair, among others. The automotive mechanical and electrical repair and maintenance sector includes specialized services such as transmission repair, electrical system repair, engine maintenance, and exhaust system replacement. Various vehicle types, including passenger cars, light commercial vehicles, heavy commercial vehicles, bikes, and scooters, are covered. Service providers in this industry range from automotive dealerships, franchise general repair facilities, specialty shops, locally owned repair shops/body shops, and others.
The automotive repair and maintenance market research report is one of a series of new reports that provides automotive repair and maintenance market statistics, including automotive repair and maintenance industry global market size, regional shares, competitors with automotive repair and maintenance market share, detailed automotive repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the automotive repair and maintenance industry. This automotive repair and maintenance market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
Executive Summary
Automotive Repair and Maintenance Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive repair and maintenance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for automotive repair and maintenance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Automotive Mechanical and Electrical Repair and Maintenance; Automotive Body, Paint, Interior, and Glass Repair; Other Automotive Repair and Maintenance
2) By Vehicle Type: Passenger Cars; Light Commercial Vehicles; Heavy Commercial Vehicles; Bike and Scooter
3) By Service Provider: Automotive Dealership; Franchise General Repair; Specialty Shop; Locally Owned Repair Shops/Body Shop; Others
Sub segments: General Automotive Repair; Automotive Exhaust System Repair; Automotive Transmission Repair; Other Automotive Mechanical and Electrical Repair and Maintenance; Automotive Body, Paint, and Interior Repair and Maintenance; Automotive Glass Replacement; Automotive Oil Change and Lubrication Shops, Car Washes, All Other Automotive Repair and Maintenance
Key Companies Mentioned: LKQ Corporation, Belron International Ltd., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc.; Nippon Express Co., Ltd.; Lookers PLC; Halfords; ComfortDelGro Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- LKQ Corporation
- Belron International Ltd.
- ADNOC
- Monro Muffler Brake
- Asbury Automotive Group Inc.
- Nippon Express Co., Ltd.
- Lookers PLC
- Halfords
- ComfortDelGro Corporation
- A2B Australia Ltd
- Nextage Co.,Ltd.
- Bigmotor Co., Ltd.
- Hitachi Transport System, Ltd.
- Evergreen Motors
- Kothari Auto Link Private Limited
- Modi Motors Agencies Private Limited
- China Grand Automobile Service Co., Ltd
- Xianglong Borui Auto Services (Group) Co., Ltd.
- Sanhe Group
- Changzhou Tourism Automobile Group Co., Ltd
- Nanchong Kunhe Automobile Trading Co., Ltd.
- Kwik-Fit (GB)
- ATS Euromaster Ltd
- Berlin Motor Works
- A R German Motors
- MAN Truck & Bus Deutschland GmbH
- Mobivia SA
- Euromaster France SNC
- Carglass SAS
- Hyundai Motor Manufacturing Rus Limited Liability Company
- Nokian Shina Ltd.
- Arkhangelski Tsbk, Ao, Limited Liability Company
- Pcma Rus
- Tatneft-Azs-Severo-Zapad, Ooo, Llc
- Bridgestone C.I.S.
- Societe A Responsabilite Limitee Peugeot Citroen RuS
- Midas International
- Meineke Car Care Centers
- CARSTAR Franchise Systems
- AAMCO Transmissions and Total Care
- Precision Tune Auto Care
- Christian Brothers Automotive
- Tuffy Tire and Auto Service
- Milex Complete Auto Care/Mr. Transmission
- Honest-1 Auto Care
- Darlon Wilian Da Silva Gusmao
- Ademir Vacari
- Auto Socorro Do Careca Ltda
- Neutrans S.A.
- Bosch Car Service
- Z F Services Middle East L.L.C
- Emrill Services L.L.C
- Amana Contracting & Steel Building Company - W L L
- Al Naboodah Contracting Co. (L.L.C)
- Saeed Mohd. Al Ghandi & Sons, Ag
- Facilities Solutions L.L.C
- Al Futtaim Auto & Machinery Company (Llc) – Famco
- Al Shirawi Enterprises (L.L.C)
- Yanfeng South Africa Automotive Interior Systems (Pty) Ltd
- Germatic Autobody CC
- Kempster Sedgwick (Pty) Ltd
- Prommac (Pty) Ltd
- Federal-Mogul Of South Africa (Pty) Ltd
- Tracker Connect (Pty) Ltd
Methodology
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