The market size of Authorized Automotive Service Centers was recorded at 200 Billion in 2018 and is expected to exceed 300 Billion by 2025. Between 2019 and 2025, the Authorized Automotive Service Centers industry is expected to register a CAGR of 4. 4%, according to research by Global Market Insights Inc.
Growing demand for passenger vehicles and constant regulatory efforts to facilitate advancements in the automotive industry will fuel the market trends for authorized automotive service centers. Major investments by automakers to expand their manufacturing scope are driving the demand for auto care facilities.
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The global Authorized Auto Service Centers market of organized workshop segment of multi-brand service providers is expected to grow at the fastest rate over the forecasted period, given the superior vehicle repair services for a myriad of auto brands offered by leading industry players at economical prices.
Leading multi-brand service companies such as Mahindra, Bosch, TVS Automobile Solutions and many more are focusing on expanding their service departments and offering lucrative service packages to automotive fleet operators.
Due to the high demand for auto repairs associated with scratches and dents in the current scenario, the body service application segment is expected to take a leading position in the overall authorized auto service center market share.
The engine servicing sector, on the other hand, is expected to account for more than 12% of the overall industry share by 2025, due to the strong resistance of high pressure and high temperature applications. Additionally, engine-mounted turbochargers require proper maintenance to ensure efficient engine performance by regulating and improving exhaust gas flow, which is likely to support the segmented growth of the market.
Due to the need for periodic maintenance of these vehicles for smooth operation and compliance with strict regulatory standards, vehicles over 3 years old are poised to hold a major share of the global automotive service center market. approved in 2025.
Routine and preventative maintenance is paramount in older vehicles to maintain their resale value and avoid unexpected breakdowns. This is a key factor driving increased demand for authorized OEMs as well as independent garages over the forecast period.
Considering increasing vehicle sales in emerging countries like China, India, and Australia, the APAC Authorized Auto Service Center market is expected to exhibit the highest growth rate over the estimated period, accelerating demand for automotive repair and maintenance facilities. For example, according to 2017 data from the Australian Automotive Aftermarket Association (AAAA), the country had the highest car ownership rates in the region, with nearly 764 cars per 1,000 people. Another significant contributor to the expansion of the authorized auto service center industry is the high traffic density and automobile congestion culminating in the breakdown of auto parts, leading to an increase in the demand for repair services.
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Partial chapter of the table of contents
Chapter 4 Authorized Automotive Service Center Market, by Autobody Shop
4.1 Main trends, by bodybuilder
4.2 OEM authorized workshops
4.2.1 Market Estimates and Forecast, 2014 – 2025
4.3 Organized multi-brand providers
4.3.1 Market Estimates and Forecast, 2014 – 2025
Chapter 5 Authorized Automotive Service Center Market, By Services
5.1 Main trends, by services
5.2.1 Market Estimates and Forecast, 2014-2025
5.3.1 Market Estimates and Forecast, 2014-2025
5.4.1 Market Estimates and Forecast, 2014-2025
5.5.1 Market Estimates and Forecast, 2014 – 2025
5.6.1 Market Estimates and Forecast, 2014 – 2025
5.7.1 Market Estimates and Forecast, 2014 – 2025
5.8.1 Market Estimates and Forecast, 2014 – 2025
5.9 Belts and accessories
5.9.1 Market Estimates and Forecast, 2014 – 2025
Chapter 6 Authorized Automotive Service Center Industry, by Vehicle Age
6.1 Main trends, by vehicle age
6.2 Less than three years
6.2.1 Market Estimates and Forecast, 2014 – 2025
6.3 More than three years
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