The Business Research Company’s Auto Repair and Maintenance Market 2022 – Opportunities and Strategies – Global Forecast to 2031
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According to The Business Research Company’s “Automotive Repair And Maintenance Global Market Report 2022”, the automotive repair and maintenance market is expected to reach US$75.08 trillion in 2021 after growing at a compound annual growth rate (CAGR ) from 3.8%. since 2016. The global automotive repair and maintenance market size is expected to grow at a rate of 10.5% from US$750.8 billion in 2021 to US$12.37 trillion in 2026 % starting in 2026 and reaching $20.80 trillion in 2031. A growing awareness of sustainability and a focus on reducing waste will lead to more automotive repairs and this will drive the automotive repair and maintenance market over the forecast period.
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Key trends in the automotive repair and maintenance market
The automotive repair and maintenance service providers are increasingly using advanced technologies to offer their customers high-quality and efficient transportation services. Advanced technologies include the use of GPS, routing software, an app, and others. These technologies work on the basis of GPS to acquire, track and offer improved communication and visibility of the transport system, as well as accurately route the destination. These provide benefits such as real-time tracking for operators and parents, proactive communication with parents, and routing insights for the operator.
Overview of the automotive repair and maintenance market
The automotive repair and maintenance market consists of the sale of automotive repair and maintenance services by companies (organizations, sole traders and partnerships) that provide such services to passenger cars, commercial vehicles, motorcycles and other vehicles.
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TBRC Global Automotive Repair and Maintenance Market Report 2022 provides the following information:
Market size data
• Forecast Period: Historical and Future
• By region: Asia Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
• By Type: Mechanical & Electrical Automotive Repair & Maintenance, Body, Paint, Interior & Glass Repair, Other Automotive Repair & Maintenance
• By vehicle type: passenger cars, light commercial vehicles, heavy commercial vehicles, bicycles and scooters
• By service provider: car dealership, general franchise repair shop, specialty shop, local repair shop/body shop, other
• By Geography: The global automotive repair and maintenance market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest market share.
Major market players such as LKQ Corporation, LeasePlan Corporation NV, ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc
Trends, opportunities, strategies and much more.
The Global Automotive Repair and Maintenance Market Report 2022 is one of The Business Research Company’s comprehensive reports providing an overview of the global Automotive Repair and Maintenance Market. The market report analyzes global Automotive Repair and Maintenance Market size, global Automotive Repair and Maintenance market growth drivers, global Automotive Repair and Maintenance market segments, global Automotive Repair and Maintenance market key players, growth of the global automotive repair and maintenance market in all regions and the automotive industry revenue and market positioning of the competitors in the repair and maintenance market. The Automotive Repair and Maintenance Market report allows you to gain insights into opportunities and strategies, and to identify countries and segments with the highest growth potential.
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