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Automotive Maintenance Market: Latest Industry Analysis, Trends & Statistics

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Global Automotive Repair & Maintenance Industry

The automotive repair and maintenance industry is a part of the automotive service sector.

The global automotive repair and maintenance industry encompasses services that keep vehicle features and systems running smoothly. Vehicles are made more reliable by repair and maintenance services, prolonging their lifespan and enhancing vehicle performance.

Auto Repair Market Segments

The world market for car washing services is expected to generate revenue of more than $27 billion by 2017, according to research from Global Industry Analysts. Market growth will be fuelled by economic recovery, climbing rates of new car sales and rising levels of disposable income. Growth in the car wash industry is closely linked to levels of automobile sales, which left the car wash industry particularly vulnerable during the economic crisis as the auto industry suffered from declining sales. Other factors that influence market growth include unexplored emerging markets, technological innovation and the implementation of strict environmental standards.

Though the rising cost of living has put a dent in the oil change services market, franchising and outsourcing by firms and households have fostered growth and made industry players more competitive. In the next few years, the industry will be shaped by various other factors like technological advances, the introduction of a new type of motor oil on the market and the rising use of synthetic oils. Customer care and quality service will provide the main grounds on which companies compete.

Regional Auto Repair Market Share

Fast fit outlets are involved in parts servicing and replacement, with fixed-menu pricing and service while you wait, which does not require pre-booking. 

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Parent industry: Auto Services
Related industries: Auto Financing

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