Authorized Car Service Center Market Analysis

Authorized Car Service Center Market Analysis

The authorized car service center market from organized multi-brand service providers is estimated to witness around 5% gains through 2032. The automotive industry has shown commendable growth in recent years, owing to the ever-increasing need for two- and four-wheelers. Organized multi-brand service providers are offering services at more economical rates to encourage more customers to get their cars serviced on a regular basis. In addition, the demand for pre-owned cars is also rising each year, thereby enhancing the need for authorized multi-brand service centers.

Authorized car service center industry from the engine service segment is likely to expand at around 8% growth up to 2032. Vehicle owners are growing increasingly aware of the importance of changing engine oil at regular intervals. This is due to several factors including the formation of sludge & wear particles within the components and the continuous operation of the engines. Regular servicing of engines can augment their operating efficiency, improve fuel economy, and provide proper lubrication to ensure a smooth driving experience for customers. These factors will further promote the development of authorized car service centers offering engine maintenance solutions.
 

Authorized car service center market from the >3 years vehicle age segment is poised to grow at over 5% CAGR through 2032. Customers owing vehicles that are older than 3 years commonly prefer multi-brand service centers or local, independent garages as these establishments offer reliable and quick services at lower costs. Vehicle owners also tend to opt for servicing centers that are within the proximity of their homes, which will urge service center owners to support their operations to areas that have a vast percentage of vehicle owners with cars ages 3 years and over.
 

Europe authorized car service center market is expected to observe a growth rate of nearly 4.5% between 2023 and 2032. The region has a large population of high-income earning individuals, who are willing to purchase high-end cars. This has positively influenced the businesses of luxury as well as low-cost automobile manufacturers that provide a wide range of services at varied price ranges.