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U.S. Automotive Repair & Maintenance Service Market Analysis

  • Report ID: GMI11164
  • Published Date: Aug 2024
  • Report Format: PDF

U.S. Automotive Repair & Maintenance Service Market Analysis

Based on service type the market is segmented into mechanical, exterior & structural, electrical, maintenance. The maintenance segment holds the maximum share in the market and dominates the market with around USD 65.8 million of the total market in 2023 and is anticipated to grow at a CAGR of 10.1% in the coming years.
 

In the U.S. automotive repair and maintenance service market, the maintenance segment encompasses routine and preventive services designed to keep vehicles running smoothly and extend their lifespan. This includes essential services such as oil changes, tire rotations, fluid replacements, and brake inspections, which are critical for preventing breakdowns and ensuring vehicle safety. The maintenance segment is driven by the growing awareness among vehicle owners about the importance of regular upkeep to avoid costly repairs and enhance vehicle performance.
 

U.S. Automotive Repair & Maintenance Service Market, By Vehicle Type, (2023)

Based on vehicle type of the U.S. automotive repair and maintenance service market it is divided into passenger cars, two wheelers, electric vehicles, hybrid vehicles, commercial vehicles, luxury vehicles. The passenger cars segment holds the maximum share in the market with around 34.4% of the total market share and is anticipated to grow at a CAGR of 11.6% in the forecast timeframe. In the U.S. market, the passenger cars segment is a significant focus due to the high volume of vehicles and their diverse maintenance needs.
 

This segment encompasses a wide range of services, including routine maintenance such as oil changes, tire rotations, and brake repairs, as well as more complex repairs involving advanced electronics and hybrid systems. The growing trend towards preventive maintenance and extended service plans reflects the importance of keeping passenger cars in optimal condition to avoid costly repairs and enhance vehicle longevity.
 

U.S. Automotive Repair & Maintenance Service Market, 2021 – 2032, (USD Million)

U.S. automotive repair and maintenance service market held a market of around USD 183.5 million in 2023, led by a broad network of service providers ranging from national chains to independent shops, catering to a diverse range of consumer needs. Driven by an increasing vehicle population and a trend towards more sophisticated vehicle technologies, the market is experiencing growth in demand for both routine maintenance and advanced repair services. Innovations in digital tools and diagnostics are enhancing service efficiency, while a rising focus on preventive maintenance reflects a shift towards proactive vehicle care.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive repair & maintenance service in U.S. reached USD 183.5 million in 2023 and is estimated to record a CAGR of 10.1% through 2032, due to the growing age of vehicles in the nation.

The maintenance segment is anticipated to grow at a CAGR of 10.1% through 2032, as it encompasses routine and preventive services designed to keep vehicles running smoothly and extend their lifespan.

The passenger cars segment is anticipated to grow at a CAGR of 11.6% through 2032, due to the high volume of vehicles and their diverse maintenance needs.

Driven Brands Holding Ltd., Firestone Complete Auto Care, Goodyear Auto Service, Jiffy Lube International, Inc., Les Schwab Tire Centers, Meineke Car Care Centers, Inc., and Midas, Inc. among others.

U.S. Automotive Repair & Maintenance Service Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 20
  • Countries covered: 4
  • Pages: 80
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