Dublin, April 03, 2023 (GLOBE NEWSWIRE) -- The "Global Automotive Service Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The automotive service market is forecast to grow by USD351.69 bn during 2022-2027, accelerating at a CAGR of 7.65% during the forecast period. The report on the automotive service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing vehicle population, growth of automotive post-sale services, and upgradation of vehicle components.
The automotive service market is segmented as below:
By Type
- Mechanical services
- Exterior and structural services
- Maintenance services
By Vehicle Type
- Passenger cars
- Light commercial vehicles
- Two wheelers
- Heavy commercial vehicles
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increasing vehicle digitization and electrification as one of the prime reasons driving the automotive service market growth during the next few years. Also, inorganic strategies by the vendors and increasing automotive safety norms will lead to sizable demand in the market.
The report on the automotive service market covers the following areas:
- Automotive service market sizing
- Automotive service market forecast
- Automotive service market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive service market vendors that include Arnold Clark Automobiles Ltd., Asbury Automotive Group Inc., Ashland Automotive Inc., Belron International Ltd., Bridgestone Corp., Carmax Autocare Center, Driven Brands Holdings Inc., EUROPART Group GmbH, Halfords Group Plc, Inter Cars S.A, Jiffy Lube International Inc., LKQ Corp., M and M Automotive, MEKO Auto Components Inc., Mobivia, Monro Inc., Sumitomo Corp., The Goodyear Tire and Rubber Co., USA Automotive, and Wrench Inc. Also, the automotive service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
A selection of companies mentioned in this report includes
- Arnold Clark Automobiles Ltd.
- Asbury Automotive Group Inc.
- Ashland Automotive Inc.
- Belron International Ltd.
- Bridgestone Corp.
- Carmax Autocare Center
- Driven Brands Holdings Inc.
- EUROPART Group GmbH
- Halfords Group Plc
- Inter Cars S.A
- Jiffy Lube International Inc.
- LKQ Corp.
- M and M Automotive
- MEKO Auto Components Inc.
- Mobivia
- Monro Inc.
- Sumitomo Corp.
- The Goodyear Tire and Rubber Co.
- USA Automotive
- Wrench Inc.
For more information about this report visit https://www.researchandmarkets.com/r/exxy2r
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
