The Automotive Repair and Maintenance Services Market to grow at a CAGR of 3.84% from 2022 to 2027 | 5 years (2017-2021) historic industry size, segmentation, and analysis of 15 vendors- Technavio

NEW YORK, July 13, 2023 /PRNewswire/ — The automotive repair and maintenance services market size is forecast to increase by USD 93.19 billion from 2023 to 2027, at a CAGR of 3.84%, according to the recent market study by Technavio. The growth of the market will be driven by the growing preference for road transportation, the availability of automotive repair financing and insurance, and the need to comply with government regulations to curb pollution. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Automotive Repair and Maintenance Services Market – Vendor Scope

Technavio has extensively analyzed 15 major vendors, including Arnold Clark Automobiles Ltd., ALL-TECH Transmission Inc., Apex Tool Group LLC, Asbury Automotive Group Inc., Ashland Auto Repair, Belron International Ltd., Bridgestone Corp., CarMax Inc., Driven Brands Holdings Inc., Firestone Complete Auto Care, Halfords Group Plc, Jiffy Lube International Inc., Monro Inc., myTVS Accessories, Pendragon Vehicle Management Ltd., Rust-Oleum Corp., Sumitomo Corp., The Goodyear Tire and Rubber Co., LeasePlan Corp. NV, and Robert Bosch GmbH and Vendor Offering for any 2 Vendors.

Key Benefits for Industry Players & Stakeholders – 

  • The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
  • It also analyses the market’s competitive landscape and vendors’ product offerings.
  • The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Automotive Repair and Maintenance Services Market – Segmentation Assessment

The market is segmented by type (internal combustion engine and electric), service (tires, wear and tear parts, collision body, batteries, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa)

  • The market share growth in the internal combustion engine segment will be significant during the forecast period. This growth in the segment is due to the increasing demand for passenger and commercial vehicles in developed and developing countries. The key factors contributing to the growth of the segment are the increasing popularity of petrol vehicles and the increasing production of oil and shale gas. Furthermore, the growing demand for shared mobility is also one of the factors driving up the annual maintenance costs of taxis or shared vehicles. Therefore, the above-mentioned factors are expected to drive the segment growth in the market during the forecast period.

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Automotive Repair and Maintenance Services Market – Market Dynamics

Key drivers- The growing preference for road transportation is a key factor driving the market growth. This growth is due to the increase in the use of heavy-, medium-, and light-duty vehicles in emerging countries. In addition, companies are choosing roadways as a reliable mode of transportation for their products due to the lack of sufficient freight services. Vehicles must travel long distances every day to deliver packages, leading to wear and tear of vehicles. As a result, it encourages vendors to offer services dedicated to fleet operators. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends- The use of 3D printing for repair is an emerging trend in the market. 

Significant Challenges- The rise in demand for electric vehicles is a major challenge restricting market growth. 

Find more insights on trends and challenges in a sample report!

What are the key data covered in this Automotive Repair and Maintenance Services Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the automotive repair and maintenance services market between 2023 and 2027
  • Precise estimation of the size of the automotive repair and maintenance services market and its contribution to the market with a focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the automotive repair and maintenance services market across North America, APAC, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of automotive repair and maintenance services market vendors.

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Automotive Repair and Maintenance Services Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.84%

Market growth 2023-2027

USD 93.19 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.6

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 33%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Arnold Clark Automobiles Ltd., ALL-TECH Transmission Inc., Apex Tool Group LLC, Asbury Automotive Group Inc., Ashland Auto Repair, Belron International Ltd., Bridgestone Corp., CarMax Inc., Driven Brands Holdings Inc., Firestone Complete Auto Care, Halfords Group Plc, Jiffy Lube International Inc., Monro Inc., myTVS Accessories, Pendragon Vehicle Management Ltd., Rust Oleum Corp., Sumitomo Corp., The Goodyear Tire and Rubber Co., LeasePlan Corp. NV, and Robert Bosch GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global automotive repair and maintenance services market 2017 – 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global automotive repair and maintenance services market 2017 – 2021 ($ billion)
  • 4.2 Type Segment Analysis 2017 – 2021 
    • Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ billion)
  • 4.3 Service Segment Analysis 2017 – 2021 
    • Exhibit 20: Historic Market Size – Service Segment 2017 – 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 – 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 – 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

  • 6.1 Market segments
    • Exhibit 30: Chart on Type – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Type – Market share 2022-2027 (%)
  • 6.2 Comparison by Type
    • Exhibit 32: Chart on Comparison by Type
    • Exhibit 33: Data Table on Comparison by Type
  • 6.3 Internal combustion engine – Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Internal combustion engine – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on Internal combustion engine – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on Internal combustion engine – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Internal combustion engine – Year-over-year growth 2022-2027 (%)
  • 6.4 Electric – Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Electric – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on Electric – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on Electric – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Electric – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Type 
    • Exhibit 42: Market opportunity by Type ($ billion)

7 Market Segmentation by Service

  • 7.1 Market segments
    • Exhibit 43: Chart on Service – Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Service – Market share 2022-2027 (%)
  • 7.2 Comparison by Service 
    • Exhibit 45: Chart on Comparison by Service
    • Exhibit 46: Data Table on Comparison by Service
  • 7.3 Tires – Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Tires – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 48: Data Table on Tires – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 49: Chart on Tires – Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Tires – Year-over-year growth 2022-2027 (%)
  • 7.4 Wear and tear parts – Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Wear and tear parts – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 52: Data Table on Wear and tear parts – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Chart on Wear and tear parts – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Wear and tear parts – Year-over-year growth 2022-2027 (%)
  • 7.5 Collision body – Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Collision body – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 56: Data Table on Collision body – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 57: Chart on Collision body – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Collision body – Year-over-year growth 2022-2027 (%)
  • 7.6 Batteries – Market size and forecast 2022-2027 
    • Exhibit 59: Chart on Batteries – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 60: Data Table on Batteries – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 61: Chart on Batteries – Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Batteries – Year-over-year growth 2022-2027 (%)
  • 7.7 Others – Market size and forecast 2022-2027 
    • Exhibit 63: Chart on Others – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 64: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 65: Chart on Others – Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Others – Year-over-year growth 2022-2027 (%)
  • 7.8 Market opportunity by Service 
    • Exhibit 67: Market opportunity by Service ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 71: Chart on Geographic comparison
    • Exhibit 72: Data Table on Geographic comparison
  • 9.3 North America – Market size and forecast 2022-2027 
    • Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.4 APAC – Market size and forecast 2022-2027 
    • Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 9.5 Europe – Market size and forecast 2022-2027 
    • Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.6 South America – Market size and forecast 2022-2027 
    • Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa – Market size and forecast 2022-2027 
    • Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 9.8 US – Market size and forecast 2022-2027 
    • Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.9 China – Market size and forecast 2022-2027 
    • Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.10 Germany – Market size and forecast 2022-2027 
    • Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.11 France – Market size and forecast 2022-2027 
    • Exhibit 105: Chart on France – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 106: Data Table on France – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 107: Chart on France – Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on France – Year-over-year growth 2022-2027 (%)
  • 9.12 Japan – Market size and forecast 2022-2027 
    • Exhibit 109: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 110: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 111: Chart on Japan – Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on Japan – Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 116: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 118: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 119: Matrix on vendor position and classification
  • 12.3 Arnold Clark Automobiles Ltd. 
    • Exhibit 120: Arnold Clark Automobiles Ltd. – Overview
    • Exhibit 121: Arnold Clark Automobiles Ltd. – Product / Service
    • Exhibit 122: Arnold Clark Automobiles Ltd. – Key offerings
  • 12.4 ALL-TECH Transmission Inc. 
    • Exhibit 123: ALL-TECH Transmission Inc. – Overview
    • Exhibit 124: ALL-TECH Transmission Inc. – Product / Service
    • Exhibit 125: ALL-TECH Transmission Inc. – Key offerings
  • 12.5 Apex Tool Group LLC
    • Exhibit 126: Apex Tool Group LLC – Overview
    • Exhibit 127: Apex Tool Group LLC – Product / Service
    • Exhibit 128: Apex Tool Group LLC – Key offerings
  • 12.6 Asbury Automotive Group Inc. 
    • Exhibit 129: Asbury Automotive Group Inc. – Overview
    • Exhibit 130: Asbury Automotive Group Inc. – Business segments
    • Exhibit 131: Asbury Automotive Group Inc. – Key offerings
    • Exhibit 132: Asbury Automotive Group Inc. – Segment focus
  • 12.7 Ashland Auto Repair
    • Exhibit 133: Ashland Auto Repair – Overview
    • Exhibit 134: Ashland Auto Repair – Product / Service
    • Exhibit 135: Ashland Auto Repair – Key offerings
  • 12.8 Belron International Ltd. 
    • Exhibit 136: Belron International Ltd. – Overview
    • Exhibit 137: Belron International Ltd. – Product / Service
    • Exhibit 138: Belron International Ltd. – Key offerings
  • 12.9 Bridgestone Corp.
    • Exhibit 139: Bridgestone Corp. – Overview
    • Exhibit 140: Bridgestone Corp. – Business segments
    • Exhibit 141: Bridgestone Corp. – Key news
    • Exhibit 142: Bridgestone Corp. – Key offerings
    • Exhibit 143: Bridgestone Corp. – Segment focus
  • 12.10 CarMax Inc.
    • Exhibit 144: CarMax Inc. – Overview
    • Exhibit 145: CarMax Inc. – Business segments
    • Exhibit 146: CarMax Inc. – Key news
    • Exhibit 147: CarMax Inc. – Key offerings
    • Exhibit 148: CarMax Inc. – Segment focus
  • 12.11 Driven Brands Holdings Inc. 
    • Exhibit 149: Driven Brands Holdings Inc. – Overview
    • Exhibit 150: Driven Brands Holdings Inc. – Business segments
    • Exhibit 151: Driven Brands Holdings Inc. – Key offerings
    • Exhibit 152: Driven Brands Holdings Inc. – Segment focus
  • 12.12 Firestone Complete Auto Care 
    • Exhibit 153: Firestone Complete Auto Care – Overview
    • Exhibit 154: Firestone Complete Auto Care – Product / Service
    • Exhibit 155: Firestone Complete Auto Care – Key offerings
  • 12.13 Halfords Group Plc
    • Exhibit 156: Halfords Group Plc – Overview
    • Exhibit 157: Halfords Group Plc – Business segments
    • Exhibit 158: Halfords Group Plc – Key offerings
    • Exhibit 159: Halfords Group Plc – Segment focus
  • 12.14 Jiffy Lube International Inc. 
    • Exhibit 160: Jiffy Lube International Inc. – Overview
    • Exhibit 161: Jiffy Lube International Inc. – Product / Service
    • Exhibit 162: Jiffy Lube International Inc. – Key offerings
  • 12.15 Monro Inc.
    • Exhibit 163: Monro Inc. – Overview
    • Exhibit 164: Monro Inc. – Product / Service
    • Exhibit 165: Monro Inc. – Key offerings
  • 12.16 Pendragon Vehicle Management Ltd. 
    • Exhibit 166: Pendragon Vehicle Management Ltd. – Overview
    • Exhibit 167: Pendragon Vehicle Management Ltd. – Product / Service
    • Exhibit 168: Pendragon Vehicle Management Ltd. – Key offerings
  • 12.17 The Goodyear Tire and Rubber Co. 
    • Exhibit 169: The Goodyear Tire and Rubber Co. – Overview
    • Exhibit 170: The Goodyear Tire and Rubber Co. – Business segments
    • Exhibit 171: The Goodyear Tire and Rubber Co. – Key news
    • Exhibit 172: The Goodyear Tire and Rubber Co. – Key offerings
    • Exhibit 173: The Goodyear Tire and Rubber Co. – Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 174: Inclusions checklist
    • Exhibit 175: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 176: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 177: Research methodology
    • Exhibit 178: Validation techniques employed for market sizing
    • Exhibit 179: Information sources
  • 13.5 List of abbreviations
    • Exhibit 180: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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