As per a recent report Launched by TRENDS MARKET RESEARCH the global market Automotive Repair and Maintenance Services Market is set to surpass a valuation of US$ XX Mn by 2025.
Global demand for automotive repair and maintenance services market
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Passenger Cars was the maximum value generating segment in terms of vehicle type in 2015, and the status quo will remain unchanged over the forecast period (2016-2026).North America is the largest market for automotive repair and maintenance services accounting for US$ XXBn in 2018.
Asia-Pacific (APEJ) is expected to show highest growth with a CAGR of XX% over the forecast period. This is attributed to the increasing vehicle parc in this region and the under developed road infrastructure in many countries of Asia-Pacific.Global Demand for Automotive Repair and Maintenance Services Market worth US$ XX Bn in the year 2018Demand forautomotive repair and maintenance services
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Jiffy Lubes International Inc., Driven Brands Inc., Asbury Automotive Group Inc., Monro Muffler Brake Inc., Belron International Ltd. are some of the key service provider in the market. The key players in the market are aiming on mergers and acquisitions to expand their services portfolio in regions especially North America.Long-term Outlook: The long term outlook on global automotive repair and maintenance services market remains positive with the market expected to increase at a CAGR of XX% over the forecast period, 2018-2025.
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