Automotive Repair and Maintenance Services Market By Services & Parts (Engine Oil, Gear Oil, Brake Oil, Grease, Tires, Batteries, Wear & Tear Parts), By Service Providers (Automobile Dealerships, Franchise General Repairs, Specialty Shops), Vehicle Type (Passenger Cars, LCV, HCV) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Automotive Repair and Maintenance Services Market Introduction –   

Maintenance and repair of various services and parts, such as brake oil, engine oil, gear oil, and so on, are included in the automotive aftermarket. Suspension, brake wheel end, shock absorbers, engine, and driveline are among the wear and tear elements to maintain, while exhaust components include the mufflers, exhaust manifold, tailpipe, and catalytic converter. The tire services include misalignment of tires, tire pressure monitoring, repair of flat tires, replacement of tires, etc. Similarly, the replacement of automotive batteries comes under battery services. Numerous service providers offer automotive repair and maintenance services such as OEM, automobile dealerships, etc. Moreover, the specialty stores are independently owned stores that are specified to deliver a particular service for collision repair, suspension services, services for mufflers and exhaust.

Detailed Segmentation

Global Automotive Repair and Maintenance Services Market is Segmented on the Basis of Services & Parts, Service Providers, Vehicle Type, and Region. Represented below is a detailed segmental description:

Based on Services & Parts:

• Engine Oil
• Gear Oil
• Brake Oil
• Grease
• Tires
• Batteries
• Wear & Tear Parts
• Air Filter
• Other Services & Parts

Based on Service Providers:

• Automobile Dealerships
• Franchise General Repairs
• Specialty Shops
• Locally Owned Repair Shops/Body Shops
• Tire Shops

Based on Vehicle Type:

• Passenger Cars
• LCV
• HCV

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics –

Drivers for the Global Automotive Repair and Maintenance Services Market:

Due to an increase in the number of traffic accidents caused by the failure of automobile components, the general public has become more aware of the importance of timely vehicle maintenance and repair. Furthermore, because automotive components have a threshold lifespan, their service life is strongly reliant on their use. The ever-changing nature of driving situations necessitates prompt repair and maintenance of automotive parts.  This factor will help to grow the revenue of the target market in the years to come.

Restraints for the Global Automotive Repair and Maintenance Services Market:

The rising cost of maintenance and repair services is due to the increasing technical complexity of cars and automotive parts. Furthermore, the target market is projected to be restrained in the next decade due to rising labor prices and customers’ unwillingness to accept these high-cost services.

Many car owners in emerging economies like China, India, Brazil, and South Africa refuse to spend on preventative maintenance, resulting in exorbitant expenditures. The majority of automobile owners have their vehicle serviced and parts replaced while their vehicle is still under warranty. Owners, on the other hand, invest very little in service once the guarantee period has expired. This is primarily due to vehicle owners’ casual attitude towards vehicle safety and additional focus on saving extra expenditure in preventive maintenance. These factors are expected to hamper market growth in the near future.

Opportunity for the Global Automotive Repair and Maintenance Services Market:

The majority of business owners do not provide a full range of repair and maintenance services. They can, however, pursue a competitive strategy of focusing on a specific service or expanding the number of services they offer. Local shop owners can also work with fleet operators and leasing companies to provide subsidized repair and maintenance services.

The majority of customers believe that authorized dealership shops charge much more for repair and maintenance services than small shop owners. As a result, to expand their customer base, authorized store owners must offer services at competitive costs. New vehicle owners prefer authorized dealer shops because they are covered by the manufacturer’s warranty, therefore for autos under the age of four years, authorized dealers are preferable. They should, however, concentrate on customers with older vehicles, providing them lifetime service packages at lower pricing. These are some factors that will provide new opportunities for the target market to expand in the next decade.

Competitive Landscape

Key players in this market are

• Irestone Complete Auto Care,
• Ashland Automotive, Inc.,
• Driven Brands Inc.,
• Carmax Autocare Center,
• Sumitomo Corporation,
• Monro Muffler Brake, Inc.,
• Belron International Ltd.,
• Goodyear Tire & Rubber Co.,
• Jiffy Lube International Inc., and others.

These key players have been focusing on mergers, partnerships, acquisitions, product developments, and collaboration strategies, in order to sustain their competitive edge.

Key developments 

in October 2019 Driven Brands Inc., a U.S.- based vehicle secondary selling organization, acquired ABRA Automotive Systems LP.

For the Automotive Repair and Maintenance Services Market research study, the following years have been considered to estimate the market size: