Global Automotive Repair and Maintenance Services Market to 2026 – Featuring Ashland Automotive, Belron International and Bridgestone Among Others

DUBLIN, February 24, 2022–(Enterprise WIRE)–The “Automotive Fix and Upkeep Products and services – Worldwide Market place Trajectory & Analytics” report has been extra to’s providing.

Amid the COVID-19 disaster, the world market place for Automotive Fix and Routine maintenance Products and services estimated at US$565 Billion in the yr 2020, is projected to arrive at a revised size of US$678.4 Billion by 2026, expanding at a CAGR of 3.1% about the examination time period.

Tires, a person of the segments analyzed in the report, is projected to develop at a 3.6% CAGR to arrive at US$211.1 Billion by the conclude of the investigation period of time. Right after a extensive investigation of the small business implications of the pandemic and its induced financial crisis, development in the Wear & Tear Areas phase is readjusted to a revised 2.7% CAGR for the upcoming 7-calendar year interval. This section at the moment accounts for a 23.1% share of the world Automotive Restore and Servicing Expert services current market.

The U.S. Sector is Believed at $93.6 Billion in 2021, While China is Forecast to Arrive at $154 Billion by 2026

The Automotive Repair and Servicing Expert services industry in the U.S. is estimated at US$93.6 Billion in the 12 months 2021. The state now accounts for a 16.33% share in the world wide market place. China, the entire world 2nd premier economic climate, is forecast to access an estimated current market size of US$154 Billion in the calendar year 2026 trailing a CAGR of 4% through the analysis period of time. Among the the other noteworthy geographic markets are Japan and Canada, each and every forecast to improve at 2.2% and 2.7% respectively above the examination period.

Inside Europe, Germany is forecast to improve at around 2.4% CAGR although Relaxation of European market place (as defined in the study) will get to US$158.9 Billion by the conclusion of the investigation time period. Asia instructions a sizable presence in the market place globally, supported by the sturdy existence of a number of automotive hubs. Superior passenger motor vehicle use along with increased output of these motor vehicles in the area are probable to even more increase growth in the marketplace. Deficiency of excellent roads and infrastructure deficit in rising international locations in the location like India will gasoline growth in tire, chassis and suspension routine maintenance. North The united states will stay a important sector owing to increasing auto sales merged with rigid US laws about auto servicing and routine maintenance.

Pick Opponents (Total 84 Highlighted) –

  • Arnold Clark Vehicles Ltd.

  • Asbury Automotive Team, Inc.

  • Ashland Automotive Inc.

  • Belron International Ltd.

  • Bridgestone Corporation

  • CARMAX Autocare Center

  • Driven Makes, Inc.

  • Firestone Comprehensive Automobile Treatment

  • Halfords Group plc

  • Jiffy Lube Worldwide, Inc.

  • Monro, Inc.

  • Sumitomo Company

  • The Goodyear Tire & Rubber Corporation

Key Topics Coated:


II. Executive SUMMARY

1. Market place OVERVIEW

  • Automotive Restore and Servicing Companies – World Vital Rivals Percentage Current market Share in 2022 (E)

  • Competitive Market Presence – Powerful/Active/Market/Trivial for Players Around the globe in 2022 (E)

  • Influence of COVID-19 and a Looming World wide Recession

  • COVID-19 Leaves the Entire world in Shambles & Industries and Marketplaces Upended: World Financial Advancement Projections (Serious GDP, Yearly % Change) for 2019E to 2022F

  • Car Sales Arrive Down Crashing As Unemployment Spikes to Historic Highs

  • A Massive Blow to Consumerism, Growing Levels of Unemployment Threatens to Shrink the World-wide Middle Class Inhabitants: Unemployment in the U.S. (In Million)

  • Impression on World-wide Automotive Aftermarket: The 2020 Challenges

  • Structural Shifts in the Automotive Aftermarket Industry

  • Pandemic Result on Fix & Servicing Providers Market

  • Fix Stores and Dealership Support Departments Transform Methods amid the Pandemic

  • An Introduction to Automotive Repair service & Servicing Providers

  • Expert services Offered Underneath Automotive Restore

  • Services Offered Beneath Automotive Servicing

  • Critique of Find Merchandise Segments of Parts

  • World-wide Industry Prospective customers & Outlook

  • Earth Automotive Restore and Servicing Solutions Sector by Sections (2020 & 2027): Proportion Breakdown of Revenues for Tires, Put on & Tear Sections, Collision Body, Batteries, and Other Areas

  • World Automotive Repair and Upkeep Expert services Current market by Application (2020 & 2027): Proportion Breakdown of Revenues for Passenger Automobiles, and Professional Vehicles

  • Critical Trends Influencing the Automotive Maintenance and Routine maintenance Products and services Sector

  • Current market Restraints

  • New Current market Action

  • Regional Evaluation

  • Globe Automotive Repair service and Upkeep Services Market place by Location (2020 & 2027): Percentage Breakdown of Revenues for Designed and Building Locations

  • International Automotive Repair service and Maintenance Companies Market: Geographic Areas Rated by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin The united states, Center East, Africa, Canada, United states of america, Europe, and Japan

2. Emphasis ON Select Gamers

3. Current market Developments & Motorists

  • Huge Car Fleet & Rising Passenger Vehicle Density Offer you Potential for Restore & Routine maintenance Providers Market place

  • International Passenger Car or truck & Industrial Car Populace (In 000 Units) for the Yrs 2017 and 2020

  • Motorization Price for Find Nations: 2019

  • Automotive Mend & Routine maintenance Services Undergoes Alterations on Numerous Fronts

  • Electric powered Autos & Autonomous Vehicles Established to Impact Repair & Servicing Tendencies in Future

  • Expanding Recognition About Auto Maintenance Yields Favourable Success

  • Sustained Emphasis on DIFM Solutions Widens Marketplace Chances

4. International Market Perspective

III. Current market Examination

IV. Competition

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