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Authorized Car Service Center Market Share

Report ID: GMI2701
Published Date: Dec 2022
Report Format: PDF

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Authorized Car Service Center Market Share

Some of the leading players in the global authorized car service center industry include:

Toyota
Volkswagen
Suzuki Motor Corporation
Robert Bosch GmbH

Many of these companies are focusing on increasing the chain of service centers and equipping these establishments with skilled professionals and advanced technologies to enhance customer experience.

To cite an instance, in September 2022, MG Motor India launched the 'MG Service on Wheels' program to provide customers with at-home car repair and maintenance services. Similar initiatives by other participants may also contribute to industry progress.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market for authorized car service centers recorded a valuation of more than USD 200 billion in 2022 and is anticipated to grow at a CAGR of over 5% between 2023 and 2032, due to the growing rate of motorization in prominent regions such as North America and Europe.

The engine servicing segment is projected to register a growth of 8% through 2032, given the importance of regular servicing in augmenting operating efficiency, improving fuel economy, and providing proper lubrication to ensure a smooth driving experience.

The Europe market is expected to depict a CAGR of around 4.5% through 2032 owing to the presence of luxury as well as low-cost automobile manufacturers offering a wide range of vehicle maintenance services at economical price ranges.

Some of the leading players in the global market include Toyota, Volkswagen, Suzuki Motor Corporation, Robert Bosch GmbH, and many others.