Automotive Repair and Maintenance Service Market Size - By Service Type (Mechanical, Exterior & Structural, Electrical, Maintenance), Vehicle Type (Passenger cars, Two-wheelers, EV, Hybrid Vehicles, Commercial Vehicles, Luxury Vehicles) & Forecast, 2024 - 2032

Automotive Repair and Maintenance Service Market Size

Automotive Repair and Maintenance Service Market size was valued at USD 825 billion in 2023 and is estimated to register a CAGR of over 10.2% between 2024 and 2032. Due to an increase in Aging cars are more likely to need regular maintenance and replacement parts, hence this development will be helpful to the industry's growth.
 

In addition, since shared vehicles are driven a greater distance every year, one of the main causes driving up annual maintenance costs for taxis or shared vehicles is the growing demand for shared mobility. To obtain better knowledge of price and quality, more customers are turning to online sales platforms. Software expertise has become essential due to the growing usage of software vehicle systems in automobile electronics and engines.

Additionally, the automobile industry has new opportunities due to advancements in automotive technology, which include connected car technologies, self-driving capabilities, and hybrid and electric vehicle technology. The demand for service providers to keep up with these technological developments is driving an increase in aftermarket solutions and specialist repair services.
 

The automotive repair and maintenance service industry can pose challenges to the price sensitive customers. As such, high-quality replacement parts can be difficult to find and expensive, especially for old or less common car types. Repair time and profitability may be impacted by some repair companies' inability to find components quickly and affordably.
 

Automotive Repair and Maintenance Service Market Trends

So many automotive repair and maintenance facilities use predictive maintenance, data analytics and sensors to predict when vehicle components are likely to break. Predictive maintenance technologies are being used by automotive repair facilities more often to provide more effective and economical services while enhancing the dependability and safety of their vehicles. Subscription-based maintenance programs are being offered by automakers and third-party service providers. In these programs, customers pay a fee every month to receive regular maintenance services. These plans may help in distributing maintenance costs over time and giving car owners predictable costs.
 

Automotive Repair and Maintenance Service Market Analysis

Based on service type, the market is divided into mechanical, exterior & structural, electrical, maintenance. The mechanical segment held over USD 298 billion revenue in 2023. The mechanical segment provides durability, and less maintenance for vehicles.
 

Based on vehicle type, the market is categorized into passenger cars, two wheelers, electric vehicles, hybrid vehicles, commercial vehicles, luxury vehicles. The passenger cars segment accounted for 35% of the automotive repair and maintenance service market share in 2023. Consumers prefer two wheelers and hybrid vehicles more for residential purposes. The demand for two wheelers has led the market to grow.
 

Asia Pacific automotive repair and maintenance service market size dominated around USD 284 billion in 2023. Due to the reason being urbanization and population boom, consumers prefer vehicles with automotive repair and maintenance services with advanced repair mechanisms which are durable and fast.
 

Automotive Repair and Maintenance Service Market Share

In 2023, dominant companies including Bosch Car Service, ADNOC, Nippon Express Co., Car Parts.com Inc, Belron International Ltd. collectively held a substantial 5%-10% market share. As the market is highly fragmented, these industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their products and incorporate new technologies, allowing them to stay ahead of the competition.
 

Automotive Repair and Maintenance Service Market Companies

Major companies operating in the automotive repair and maintenance service industry are:

• Bosch Car Service
• ADNOC
• Nippon Express Co.
• Car Parts.com Inc
• Belron International Ltd.
• EUROPART Holding GmbH
• Hance’s European
• Inter cars
• LKQ Corporations
• M& M Auto Repair
• Mekonomen Group
• Mobivia Groupe
• My TVS
• Sun Auto Service
•  USA Automotive
• Wrench, Inc.
   

Automotive Repair and Maintenance Service Industry News

• In July 2023, Kwikfix Automotive Repairs launched their mobile app which offered car owners in India a convenient way to manage their vehicle maintenance, accessory changes, from their app. The app also recommended repair mechanisms based on user usage and vehicle type.
   

The automotive repair and maintenance service market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Service Type

• Mechanical
• Exterior & structural
• Electrical
• Maintenance

Market, By Vehicle Type

• Passenger cars
• Two wheelers
• Electric vehicles
• Hybrid vehicles
• Commercial vehicles
• Luxury vehicles

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Belgium
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Vietnam
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Iran
  • Turkey
  • Rest of MEA