1. Market Research
  2. > Automotive Market Trends
  3. > Auto Services

Automobile Services Market research: Latest Industry Trends & Statistics

  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1 vote

Topics under Auto Services

Automotive Service Market Outlook

The automotive industry is characterized by intense competition, technological innovation, and is concentrated, with the 10 leading vehicle manufacturers representing close to 80% of global production. The automotive services industry is reliant on the automotive industry, following the same market pressures and showing the same sensitivity to general economic conditions. As the automotive industry begins to rebound following the global financial crisis, the supporting industries around it are also showing recovery. As government legislation to limit environmental harm from vehicle emissions sees specialized market segments take off, such as electric cars, the service industry will need to continue diversifying and working on technological innovation to keep up with new trends in vehicle production.

Global Automotive Service Industry

Auto service market research covers vehicle sales, leasing, and after sales services, including servicing and the sale of vehicle parts. The upkeep and repair of vehicles is becoming an increasingly complicated task for car owners as vehicles become more complex and use more advanced technology. Workers in the industry require training as the sector involves a high degree of specialization. Currently, there are more than 360,000 employees with certification across the US automotive service industry.

Safety plays a central role in the industry, which is regulated and controlled by legislation to protect workers and encourage effective risk management. There is a high degree of risk because of the amount of manual handling needed, for example welding and working with heavy loads.

Key Automotive Service Segments

Rental and Leasing: Profit from vehicle renting and leasing decreased during the financial crisis. The industry is beginning to rebound: growth in this market segment will come back on line as gross domestic product, employment, income and consumer confidence recover. In addition, as tourism begins to rebound along with people’s discretionary income, leisure car rental will see revenue rise. Leisure car rentals had fallen throughout the financial crisis because of corporate travel cutbacks and a dip in tourism; this segment of the market is highly competitive and includes such leading companies as Hertz, Dollar Thrifty, Avis Budget and Enterprise. The US is the leading region in terms of market share in the global car rental industry, with Europe in second place followed by other developed countries.

Automotive dealers sell new and used cars at retail outlets and can also service cars. Dealerships provide emplyment in a different regions of the world, and are now important actors in the automotive financing sector. The global automotive retail industry is estimated to grow at an annual rate greater than 5.5%. Sales from automotive dealers accounted for more than $2.04 trillion, or more than half of the total worth of the automotive retail industry.

Drivers and mechanics source car parts in automotive part stores. Such parts include plugs, batteries, brakes and tires, and are necessary for the upkeep of a vehicle, playing an important role in road safety. 

The US is the world leader in the global automotive repair and maintenance services industry, which keeps vehicles functioning and prolongs the product lifespan. Asia-Pacific is expected to show the strongest regional growth in the automotive repair and maintenance market. 

The global car washing services market is expected to reach almost $27.5 billion by 2017, according to Global Industry Analysts. As vehicle sales (and auto insurance) declined due to the financial crisis, the related global car washing services industry also declined. However, as the automotive industry recovers and sales increase, this market segment is beginning to rebound. The US and the EU lead in terms of market share, with Asia-Pacific expected to show 6% yearly growth through 2017, fuelled by developing markets such as India and China. Leading players on the market include Autobell Car Wash, Turtle Wax, IMO Car Wash, WashTec AG and Mister Car Wash.

Read more »

Share
24/7 Customer Support

Talk to Sam

+33 4 37 65 17 06

1-10 of about 500 reports

Global Auto Services Statistics

  • August 2017
    6 pages
  • United States  

    World  

View report >

The future of the Auto Services Industry in the US

  • March 2017
    8 pages
  • Auto Services  

  • United States  

View report >

Auto Services Statistics in Europe

  • January 2016
    102 pages
  • Europe  

    World  

View report >

Auto Services Forecast Statistics in Canada

  • January 2016
    10 pages
  • Auto Services  

    Auto Repair  

  • Canada  

View report >

Auto Services Forecast Statistics in China

  • January 2016
    101 pages
  • Automotive  

    Auto Services  

    Training  

  • China  

View report >

Auto Services Industry in Australia

  • January 2016
    6 pages
  • Auto Services  

  • Australia  

View report >

Mortgage Industry in the US

  • October 2017
    4 pages
  • Mortgage  

    Auto Financing  

  • United States  

View report >

Auto Financing Industry in Philippines - Forecast, Monthly Update

  • October 2017
    3 pages
  • Auto Financing  

  • Philippines  

    Asia  

View report >

Auto Financing Industry in Europe

  • September 2017
    2 pages
  • Auto Financing  

  • Europe  

    France  

    World  

View report >

Auto Services Statistics

  • September 2017
    4 pages
  • Auto Services  

View report >

Search in Auto Services Industry (About 500 reports)
Parent industry: Automotive
Related markets: Mortgage, Consumer Loan, Student Loan, Housing, Training

63 reports

Purchase Reports From Reputable Market Research Publishers
(From € 135 - € 5045)

Remote Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2

  • € 5045
  • Industry report
  • October 2016
  • by MarketsandMarkets

“The growing demand for safety features and emergency support and increasing sales of luxury vehicles are expected to stimulate the growth of the global remote vehicle diagnostics market” The remote ...

Remote Diagnostics Market By Vehicle Type, Application ...

October 2016 € 5045

Fleet Management Software Market: By Deployment Type (c ...

July 2016 € 4773

Automotive Repair And Maintenance Services Market: Auto ...

December 2016 € 4545

Strategic Analysis Of Women Customers In The North Amer ...

May 2016 € 4500

Consumer Banking And Borrowing: U.s. Market Trends

July 2016 € 4318

Automotive Remote Vehicle Diagnostics - Global Market O ...

December 2016 € 3922

China Auto Repair And Beauty Industry Report, 2016-2020

October 2016 € 1818

Repair And Maintenance Of Automobiles (car Repair), Ele ...

November 2016 € 1814

Car Repair (repair And Maintenance Of Automobiles Andtr ...

July 2016 € 1814

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.