DUBLIN--(BUSINESS WIRE)--The "Automotive Repair and Maintenance Global Market Report 2022 by Type, Vehicle Type, Service Providers" report has been added to ResearchAndMarkets.com's offering.
The global automotive repair and maintenance market is expected to grow from $750.84 billion in 2021 to $836.27 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The market is expected to reach $1237.49 billion in 2026 at a CAGR of 10.3%.
Major companies in the automotive repair and maintenance market include LKQ Corporation, LeasePlan Corporation N.V., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc., Nippon Express Co., Ltd., Lookers PLC, Halfords, ComfortDelGro Corporatio and A2B Australia Ltd.
The automotive repair and maintenance market consists of sales of automotive repair and maintenance services by entities (organizations, sole traders and partnerships) that provide automotive repair and maintenance services for passenger automobiles, commercial vehicles and motorcycles and bicycles.
The main types of automotive repair and maintenance are automotive mechanical and electrical repair and maintenance, automotive body, paint, interior, and glass repair, other automotive repair and maintenance. The automotive mechanical and electrical repair and maintenance sector is made up of businesses that specialise in transmission repair, and electrical system repair, engine repair and maintenance and exhaust system replacement.
The different vehicle types include passenger cars, light commercial vehicles, heavy commercial vehicles, bike & scooter and involves several service providers such as automotive dealership, franchise general repair, specialty shop, locally owned repair shops/body shop, others.
Automotive repair and maintenance service providers are increasingly installing diagnostic devices in customer vehicles to improve their service offerings. On-board diagnostics tools are being used to track vehicle condition and identify potential problems by running diagnosis. For instance, Koovers, a car maintenance services provider, fits an on-board diagnostics tool for its registered customers. Its call centre picks up the error reported by the tool and connects with the customer for required repair work. This enables garages to check for required parts for the car even before the car is brought in for service thus reducing wait time.
Automotive repair and maintenance services companies are increasingly using artificial intelligence based automated vehicle inspection technology for vehicle inspection. Automated vehicle inspection systems capture pictures of the vehicle entering the cabin from multiple angles and uploads it to the central computing system which then compares it with standards to identify deviations.
The system generates a report with an overview of all the issues flagged in the car and the required actions needed to be taken. For instance, Scope technology, a US based Tech Company, has developed an AI automated vehicle inspection technology in collaboration with Microsoft's Azure cloud computation.
ProovStation, a French automobile maintenance service provider, implemented these systems in their service centers in France and North America. They use the technology to conduct a 360o scan of the vehicle, identify the damages such as scratches, dents, dirt, suspension, frame, brakes and engine condition, and generate a report of the issues identified. The system generates a unique code and account for the vehicle with its chassis number for future service purposes. This entire visual inspection process is completed in less than 5 minutes and reduces costs by 50%.
Western Europe was the largest region in the automotive repair and maintenance market in 2021. Asia Pacific was the second largest region in the automotive repair and maintenance market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Automotive Repair and Maintenance Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Automotive Repair and Maintenance Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Automotive Repair and Maintenance Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Automotive Repair and Maintenance Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Automotive Repair and Maintenance Market Trends And Strategies
8. Impact Of COVID-19 On Automotive Repair and Maintenance
9. Automotive Repair and Maintenance Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Automotive Repair and Maintenance Market Regional Analysis
10.1. Global Automotive Repair and Maintenance Market, 2021, By Region, Value ($ Billion)
10.2. Global Automotive Repair and Maintenance Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region
10.3. Global Automotive Repair and Maintenance Market, Growth And Market Share Comparison, By Region
11. Automotive Repair and Maintenance Market Segmentation
11.1. Global Automotive Repair and Maintenance Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Automotive Mechanical and Electrical Repair and Maintenance
- Automotive Body, Paint, Interior, and Glass Repair
- Other Automotive Repair and Maintenance
11.2. Global Automotive Repair and Maintenance Market, Segmentation By Vehicle Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Bike & Scooter
11.3. Global Automotive Repair and Maintenance Market, Segmentation By Service Providers, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Automotive Dealership
- Franchise General Repair
- Specialty Shop
- Locally Owned Repair Shops/Body Shop
- Others
12. Automotive Repair and Maintenance Market Segments
12.1. Global Automotive Mechanical and Electrical Repair and Maintenance Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - General Automotive Repair; Automotive Exhaust System Repair; Automotive Transmission Repair; Other Automotive Mechanical and Electrical Repair and Maintenance
12.2. Global Automotive Body, Paint, Interior, and Glass Repair Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Automotive Body, Paint, and Interior Repair and Maintenance; Automotive Glass Replacement
12.3. Global Other Automotive Repair and Maintenance Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Automotive Oil Change and Lubrication; Car Washes; All Other Automotive Repair and Maintenance
13. Automotive Repair and Maintenance Market Metrics
13.1. Automotive Repair and Maintenance Market Size, Percentage Of GDP, 2016-2026, Global
13.2. Per Capita Average Automotive Repair and Maintenance Market Expenditure, 2016-2026, Global
Companies Mentioned
- LKQ Corporation
- LeasePlan Corporation N.V.
- ADNOC
- Monro Muffler Brake
- Asbury Automotive Group Inc.
- Nippon Express Co. Ltd.
- Lookers PLC
- Halfords
- ComfortDelGro Corporation
- A2B Australia Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/f5tl5p
