Authorized Car Service Centre Market

   2020-07-16       21        Business
Rating :
Authorized Car Service Centre Market size is valued at US$ 222.60 Bn in 2018 and expected to grow at a CAGR of 6% in the forecasting period.

Authorized Car Service Centre Market size is valued at US$ 222.60 Bn in 2018 and expected to grow at a CAGR of 6% in the forecasting period.

Continuous growth in the number of passenger cars in operation on roads is primarily driving the maintenance repairs industry size. Repair workshops offering competitive rates along with quality add-ons will attract more consumers. Customers may approach certified workstations offering various annual maintenance plans along with discounts on preventive and predictive maintenance, resulting in increased business.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

An upward trend in the auto after-sales services market size is witnessed thanks to the steadily improving passenger car quality, from major manufacturers. The improving relationships between car manufacturers and service providers will make the availability of spare parts easier resulting in faster repairing, thereby gaining customer traction. Moreover, the increasing average vehicle age across various nations will positively affect industry growth during the study period.

Based on auto body workshops, the market is segmented as OEM authorized workshops and organized multi-brand service providers. Under this, OEM authorized workshops are expected to dominate the global authorized car service center market in 2018. This can be credited to new passenger car sales across the globe.


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