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Garage and Service Station Market Share

Report ID: GMI7119
Published Date: Oct 2023
Report Format: PDF

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Garage and Service Station Market Share

Major players operating in the garage and service station industry are:

Jiffy Lube International, Inc.
Safelite Group
The Pep Boys
Valvoline
Firestone Complete Auto Care.
Midas International, LLC
Meineke Car Care Centers, LLC.

Major participants are employing various strategies to enhance their presence. This includes diversifying service offerings to include electric vehicle maintenance, adopting advanced technology for efficient operations, and providing exceptional customer experiences to build loyalty and capture a larger share of the automotive service market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market valuation of garage and service station was valued at USD 801.4 billion in 2022 and is anticipated to register a CAGR of over 7% between 2023 and 2032, due to increasing vehicle ownership and usage.

The mechanical repair segment held major market share in 2022 as it remains in high demand at garages and service stations due to the widespread usage of internal combustion engine (ICE) vehicles that need routine maintenance, engine repairs, brake replacements, and other mechanical services.

Asia Pacific market for garage and service station was exceeded USD 310.9 billion in 2022 and is poised for significant growth through 2032, due to a thriving automotive culture, high vehicle ownership rates, and a preference for personal mobility.

Jiffy Lube International, Inc., Safelite Group, The Pep Boys, Valvoline, Firestone Complete Auto Care., Midas International, LLC, and Meineke Car Care Centers, LLC.