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
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.
An upward trend in the auto after-sales services market size is witnessed owing 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.
Authorized Car Service Centre market is majorly segmented by the auto body workshops, services, vehicle age, and region wise. Based on auto body workshops, the market is segmented as OEM authorized workshops and organized multi-brand service providers. Under this, OEM authorized workshops is expected to dominate the global Authorized Car Service Centre market in 2017. This can be credited to new passenger cars sales across the globe. Based on services, the market is segmented as an engine, transmission, brakes, suspension, electrical and body. Based on vehicle age, the market is segmented as less than 3 years and more than 3 years.
Geographically, the market is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe held the highest market in 2017. This dominance can be attributed to the presence of major industry participants and the number of new passenger cars sales. Additionally, the increasing passenger car age across various nations will significantly contribute in the industry growth rate during the forecast period.
Key player across the Authorized Car Service Centre industry are Bosch, 3M, Renault, Volkswagen, BMW, Hyundai, Honda, Mahindra First Choice Services, Castrol, MyTVS, Mobil1, Carz Care, and Carnation Auto. Industry participants are emphasizing on securing contracts with the automobile companies for bringing lucrative businesses. However, customer service excellence along with added value including a warranty on spare parts and lubricant analysis for servicing is the key to maintaining business loyalty.
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Authorized Car Service Centre Market Scope
Authorized Car Service Centre Market, By Auto Body Workshops
OEM Authorized Workshops
Organized Multi-brand Service Providers
Authorized Car Service Centre Market, By Services
Authorized Car Service Centre Market, By Vehicle Age
Less than 3 years
More than 3 years
Authorized Car Service Centre Market, By Geography
Middle East & Africa
Key Players operating in the Authorized Car Service Centre Market:
Mahindra First Choice Services
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current Authorized Car Service Centre market outlook. The report encompasses the Authorized Car Service Centre market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Authorized Car Service Centre market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Authorized Car Service Centre market positioning of competitors.
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