Automotive Repair and Maintenance Service Market Analysis

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.