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The IMARC Group's latest research report, titled “Automotive Repair and Service Market Report by Type (Mechanical, Exterior and Structural, Maintenance Services), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers), Propulsion Type (Internal Combustion Engine (ICE), Electric), Service Provider (Local Garage, Franchise General Repairs, OEM Authorized Service Centers, Tire Stores and Repair Chains, and Others), and Region 2025-2033,” offers a comprehensive analysis of the automotive repair and service market forecast. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
How Big is the Automotive Repair and Service Market?
The global automotive repair and service market size reached USD 714.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1,052.5 Billion by 2033, exhibiting a growth rate (CAGR) of 4.18% during 2025-2033.
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Trends in the Automotive Repair and Service Market
Rise of Electric Vehicles (EVs):
The burgeoning electric vehicle (EV) market is reshaping the automotive repair and service landscape. As EVs gain popularity, traditional repair shops are adapting to accommodate the unique maintenance needs of these vehicles. This shift is driven by factors such as increasing environmental concerns, government incentives, and technological advancements. Key trends include the emergence of specialized EV repair and maintenance services, the integration of advanced diagnostic tools, and the demand for skilled technicians proficient in EV technology.
Impact of Telematics and Connected Cars:
Telematics and connected car technologies are revolutionizing the automotive industry, including repair and service. By leveraging real-time vehicle data, workshops can proactively identify potential issues, schedule maintenance appointments, and optimize service delivery. Additionally, these technologies enable remote diagnostics and over-the-air software updates, reducing the need for physical visits to the workshop. This trend is leading to a more efficient and customer-centric approach to automotive repair and service.
Growing Importance of Aftermarket Services:
The aftermarket segment of the automotive industry is experiencing significant growth, driven by factors such as increasing vehicle ownership, aging vehicle fleets, and consumer preference for customization. This trend is benefiting the automotive repair and service market, as customers seek aftermarket parts and accessories to enhance vehicle performance, aesthetics, and functionality. Repair shops are capitalizing on this opportunity by offering a wide range of aftermarket services, including performance upgrades, customization, and restoration.
According to the research report, here are some of the top leading companies operating in the automotive repair and service industry:
Trends in the Automotive Repair and Service Market:
The automotive repair and service market is undergoing a transformation driven by technological advancements, changing consumer preferences, and evolving regulatory standards. Key trends shaping the industry include the increasing adoption of advanced diagnostic tools and equipment, the growing importance of data analytics, the rise of mobile repair services, and the integration of artificial intelligence and machine learning. These trends are enabling service providers to deliver more efficient, cost-effective, and customer-centric services, ultimately driving the growth of the market.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/automotive-repair-service-market
Global Automotive Repair and Service Market Segmentation:
Type Insights:
According to the report, mechanical represented the largest segment.
Vehicle Type Insights:
According to the report, passenger cars accounted for the largest market share.
Propulsion Type Insights:
According to the report, internal combustion engine (ICE) accounted for the largest market share.
Service Provider Insights:
According to the automotive repair and service market insights, local garage accounted for the largest market share.
Breakup by Region:
According to the report, Asia Pacific was the largest market for automotive repair and service.
Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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