Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Automotive Repair and Maintenance Services Market to Reach US$ 750 Bn by 2026

131 views

Published on

Future Market Insights has announced the addition of the “Automotive Repair and Maintenance Services Market: Global Industry Analysis & Opportunity Assessment, 2016 – 2026” "report to their offering.

Published in: Automotive
  • Be the first to comment

  • Be the first to like this

Automotive Repair and Maintenance Services Market to Reach US$ 750 Bn by 2026

  1. 1. Automotive Repair and Maintenance Services Market: Global Industry Analysis & Opportunity Assessment, 2016 – 2026 January 2016 ©2015 Future Market Insights, All Rights Reserved Report Id : REP-GB-987 Status : Dec -16 Category : Automotive & Transportation
  2. 2. About Future Market Insights ©2015 Future Market Insights, All Rights Reserved Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Subscription Information  Customized Research  Syndicated Research  Investment Research  Social Media Research Sector Coverage  Automotive and Transportation  Electronics, Semiconductor, and ICT  Retail and Consumer Products  Industrial Automation and Equipment  Chemicals & Materials  Food and Beverages  Services and Utilities  Energy, Mining, Oil, and Gas For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Customized Research Syndicated Research Investment Research Social Media Research 2
  3. 3. Research Methodology (1/2) Systematic Research Approach In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. PMR formulates a detailed discussion guide to conduct expert and industry interviews PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts PMR conducts interviews with industry experts, industry players, distributors and retailers Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry PMR delivers industry insights and information in the required format (PDF) Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution A C B Primary Research Company Analysis Desk Research  Identifying key opinion leaders  Questionnaire design  In-depth interviews  Coverage across value chain  Market participants  Key strengths  Product portfolio  Mapping as per value chain  Key focus segments  Key industry experts  Channel study  Developments  Market dynamics  Products  Conclusions SOLUTION Primary Research#  Linkedin  Zoominfo  Salesforce  Avention  Factiva  GBI  Genios  Meltwater  Company websites  Company annual reports  White papers  Financial reports ©2015 Future Market Insights, All Rights Reserved Secondary Research # Paid Publications# Insights Market profiling Formulating discussion guide Developing list of respondents Data analysis Data validation Data collection 1 2 3 4 5 6 7 # includes sources of databases 3
  4. 4. Global Automotive Repair and Maintenance Services Market Anticipated to Reach a Market Valuation In Excess of US$ 750 Bn by the End of 2026 According to a new report published by Future Market Insights titled “Automotive Repair and Maintenance Services Market: Global Industry Analysis & Opportunity Assessment, 2016 – 2026”, the global automotive repair and maintenance services market is estimated to reach a market valuation of US$ 441.3 Bn by 2016 end, witnessing a 5.6% CAGR between 2016 and 2026. Automobile dealership owners will continue to hold dominant share in the global automotive repair and maintenance services market accounting for over 25% share of the total market by the end of 2016. Demand for automotive repair and maintenance services is driven by the increase in vehicle age. With the improvements in material and technology used for automotive manufacturing, the mean age of passenger cars in the U.S. increased from 9 years in 2000 to 11.6 years in 2015. With the rising vehicle sales in the U.S. and Western Europe, the demand for automotive repair and maintenance services is expected to rise exponentially. Also, a reduction in gas and oil prices has led to an increase in the total miles driven by vehicle owners and this being related to vehicle parts wear and tear, there is a growing need for vehicle maintenance and repairs – this is another factor driving the growth of the global automotive repair and maintenance services market. Request For Report Sample: http://www.futuremarketinsights.com/reports/sample/rep-gb-987 Automotive Repair and Maintenance Services Market ©2015 Future Market Insights, All Rights Reserved 4
  5. 5. Segmentation analysis Future Market Insights’ report on the global automotive repair and maintenance services market offers useful insights on market performance of the various segments of the global automotive repair and maintenance services market. Some of the highlights of our research reveal the following vital points:  Demand for various services and parts in the automotive aftermarket such as tires, engine oil, and wear and tear parts will continue to gain traction in the coming years  The tires segment is forecast to register a CAGR of 7.9% during 2016 – 2026  The wear and tear parts and engine oil services and parts segments are expected to represent 14.1% and 8.6% shares of the total incremental opportunity in the coming decade  The automobile dealerships service provider segment is anticipated to be valued in excess of US$ 100 Bn by this year end, witnessing a CAGR of 4% during the forecasted period  The passenger cars vehicle type segment was the maximum value generating segment in terms of vehicle type in 2015 and is projected to gain significant market share over the forecast period. This segment is anticipated to gain 200 BPS between 2016 and 2026 due to higher sales of passenger cars in the coming years Automotive Repair and Maintenance Services Market ©2015 Future Market Insights, All Rights Reserved 5
  6. 6. Regional analysis North America is the largest market for automotive repair and maintenance services accounting for over 26% market share in terms of revenue in the global automotive repair and maintenance services market by the end of 2016. The APEJ automotive repair and maintenance services market is projected to hold significant market share in terms of value in the global automotive repair and maintenance services market over the forecast period, exhibiting a CAGR of 8.6% over the forecast period. This is attributed to increasing vehicle parc in this region and an under developed road infrastructure in many countries of APEJ. Vendor insights The global automotive repair and maintenance services market report analyses the business performance including short-term and long-term strategies, service offerings, and other developments of a few of the top market players operating in the global automotive repair and maintenance services market. The companies profiled in the report are Asbury Automotive Group Inc., Jiffy Lubes International Inc., Monro Muffler Brake Inc., Driven Brands Inc., and Belron International Ltd. Mergers and acquisitions seems to be the most preferred strategy adopted by several market players to expand their global presence and increase market share. Automotive Repair and Maintenance Services Market ©2015 Future Market Insights, All Rights Reserved 6 Click here to Order a free sample
  7. 7. ©2015 Future Market Insights, All Rights Reserved Table of Content 1. Executive Summary 2. Market Introduction 2.1. Market Definition 2.2. Market Taxonomy 2.3. Parent / Associated Market Overview 3. Automotive Repair and Maintenance Services Market Analysis Scenario 3.1. Market Size (US$ Mn) and Forecast 3.1.1. Market Size and Y-o-Y Growth 3.1.2. Absolute $ Opportunity 4. Market Dynamics 4.1. Macro-economic Factors 4.2. Drivers 4.3. Restraints 4.4. Opportunity 4.5. Forecast Factors - Relevance and Impact 7
  8. 8. ©2015 Future Market Insights, All Rights Reserved Table of Content 5. Global Automotive Repair and Maintenance Services Market Analysis and Forecast, By Services and Parts 5.1. Introduction 5.1.1. Basis Point Share (BPS) Analysis By Services and Parts 5.1.2. Y-o-Y Growth Projections By Services and Parts 5.2. Market Size (US$ Mn) Forecast By Services and Parts 5.2.1. Engine Oil 5.2.2. Gear Oil 5.2.3. Brake Oil 5.2.4. Grease 5.2.5. Tires 5.2.6. Batteries 5.2.7. Wear and Tear Parts 5.2.8. Air Filter 5.2.9. Cabin Filter 5.2.10. Oil Filter 5.2.11. Wiper Blades 5.2.12. Collision Body 5.2.13. Starters and Alternators 5.2.14. Lighting 8
  9. 9. ©2015 Future Market Insights, All Rights Reserved Table of Content 5.2.15. Exhaust Components 5.2.16. Spark Plugs 5.3. Market Attractiveness Analysis By Services and Parts 5.4. Prominent Trends 6. Global Automotive Repair and Maintenance Services Market Analysis and Forecast, By Service Provider 6.1. Introduction 6.1.1. Basis Point Share (BPS) Analysis By Service Provider 6.1.2. Y-o-Y Growth Projections By Service Provider 6.2. Market Size (US$ Mn) Forecast By Service Provider 6.2.1. Automotive Dealerships 6.2.2. Franchise General Repairs 6.2.3. Specialty Shops 6.2.4. Locally owned Repair Shops/Body Shops 6.2.5. Tire Shops 6.2.6. Others 9
  10. 10. ©2015 Future Market Insights, All Rights Reserved Table of Content 6.3. Market Attractiveness Analysis By Service Provider 6.4. Prominent Trends 7. Global Automotive Repair and Maintenance Services Market Analysis and Forecast, By Vehicle Type 7.1. Introduction 7.1.1. Basis Point Share (BPS) Analysis By Vehicle Type 7.1.2. Y-o-Y Growth Projections By Vehicle Type 7.2. Market Size (US$ Mn) Forecast By Vehicle Type 7.2.1. Passenger Cars 7.2.2. LCV 7.2.3. HCV 10 Click here to Order a free sample
  11. 11. ©2015 Future Market Insights, All Rights Reserved Future Market Insights Global & Consulting Private Limited (FMI) Thank You To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com 11

×