How big is the automotive repair and maintenance service market?

The market size of automotive repair and maintenance service reached USD 825 billion in 2023 and is set to witness 10.2% CAGR from 2024 to 2032, owing to an increase in aging cars leading to need for regular maintenance and replacement of their parts worldwide.

Why is the demand for mechanical automotive repair and maintenance service growing?

The mechanical segment recorded around USD 298 billion in 2023, due to providing durability, and less maintenance for vehicles.

What is the size of the North America automotive repair and maintenance service industry?

North America market was valued at USD 284 billion in 2023, attributed to urbanization and population boom leading to increasing consumer preference in the region.

Automotive Repair and Maintenance Service Market Share

Report ID: GMI5206

Published Date: February 2024

Report Format: PDF

Download Free PDF

Automotive Repair and Maintenance Service Market Share

In 2023, dominant companies including Bosch Car Service, ADNOC, Nippon Express Co., Car Parts.com Inc, Belron International Ltd. collectively held a substantial 5%-10% market share. As the market is highly fragmented, these industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.

Automotive Repair and Maintenance Service Market Companies

Major companies operating in the automotive repair and maintenance service industry are:

Bosch Car Service
ADNOC
Nippon Express Co.
Car Parts.com Inc
Belron International Ltd.
EUROPART Holding GmbH
Hance’s European
Inter cars
LKQ Corporations
M& M Auto Repair
Mekonomen Group
Mobivia Groupe
My TVS
Sun Auto Service
USA Automotive
Wrench, Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Question(FAQ) :

How big is the automotive repair and maintenance service market?: The market size of automotive repair and maintenance service reached USD 825 billion in 2023 and is set to witness 10.2% CAGR from 2024 to 2032, owing to an increase in aging cars leading to need for regular maintenance and replacement of their parts worldwide.
Why is the demand for mechanical automotive repair and maintenance service growing?: The mechanical segment recorded around USD 298 billion in 2023, due to providing durability, and less maintenance for vehicles.
What is the size of the North America automotive repair and maintenance service industry?: North America market was valued at USD 284 billion in 2023, attributed to urbanization and population boom leading to increasing consumer preference in the region.
Who are the key leaders in the automotive repair and maintenance service market?: Bosch Car Service, ADNOC, Nippon Express Co., Car Parts.com Inc, Belron International Ltd., EUROPART Holding GmbH, Hance

Related Reports

Authors: Preeti Wadhwani, Aishvarya Ambekar

Buy Now

Single User: $4,123 $4,850

15% off

Multi User: $4,840 $6,050

20% off

Enterprise User: $5,845 $8,350

30% off

Buy now

Premium Report Details

Base Year: 2023

Companies covered: 13

Tables & Figures: 186

Countries covered: 22

Pages: 158

Download Free PDF

Automotive Repair and Maintenance Service Market Share

Automotive Repair and Maintenance Service Market Share

Automotive Repair and Maintenance Service Market Companies

Premium Report Details

Industries

Information

Link

Global Headquarters