The Business Research Company’s report on the Automotive Repair and Maintenance Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the automotive repair and maintenance industry?
Automotive repair and maintenance service providers are increasingly installing diagnostic devices in customer vehicles to improve their service offerings. On-board diagnostics tools are being used to track vehicle conditions and identify potential problems by running diagnoses. For instance, Koovers, a car maintenance services provider, provides an onboard diagnostics tool for its registered customers. Its call center picks up the error reported by the tool and connects with the customer for required repair work. This enables garages to check for required parts for the car even before the car is brought in for service thus reducing wait time.
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What is the estimated market size of the automotive repair and maintenance sector by 2029, based on current forecasts?
The automotive repair and maintenance market size has grown strongly in recent years. It will grow from $960.98 billion in 2024 to $1051.52 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to a rise in disposable income, increased environmental concerns for e-waste pushing companies to re-use automotive parts, strong economic growth in emerging markets, and rapid urbanization.
The automotive repair and maintenance market size is expected to see strong growth in the next few years. It will grow to $1469.64 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to the growing sense of sustainability, growing vehicle failure rate and cost-benefit associated with repairing old vehicles, increasing government regulations for automotive waste management, and higher purchase cost of automotive vehicles. Major trends in the forecast period include adopting predictive maintenance solutions in vehicles, implementing enhanced safety features, integrating advanced technology in their services, implementing big data analytics tools in companies’ operations to enhance their real-time operations, and focusing on mergers and acquisitions to increase revenue and market share.
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#Who are the top players in the automotive repair and maintenance market?
Major companies operating in the automotive repair and maintenance market include LKQ Corporation, Belron International Ltd., Monro Muffler Brake, Asbury Automotive Group Inc., Lookers PLC, Halfords, ComfortDelGro Corporation, Nextage Co., Ltd., Bigmotor Co., Ltd., Evergreen Motors, Kothari Auto Link Private Limited, Modi Motors Agencies Private Limited, China Grand Automobile Service Co., Ltd, Xianglong Borui Auto Services (Group) Co., Ltd., Sanhe Group, Changzhou Tourism Automobile Group Co., Ltd, Nanchong Kunhe Automobile Trading Co., Ltd., Kwik-Fit (GB), ATS Euromaster Ltd, Berlin Motor Works, A R German Motors, MAN Truck & Bus Deutschland GmbH, Mobivia SA, Euromaster France SNC, Carglass SAS, Hyundai Motor Manufacturing Rus Limited Liability Company, Nokian Shina Ltd., Arkhangelski Tsbk, Ao, Limited Liability Company Pcma Rus, Tatneft-Azs-Severo-Zapad, Ooo, Llc Bridgestone C.I.S., Societe A Responsabilite Limitee Peugeot Citroen RuS, Midas International, Meineke Car Care Centers, CARSTAR Franchise Systems, AAMCO Transmissions and Total Care, Precision Tune Auto Care, Christian Brothers Automotive, Tuffy Tire and Auto Service, Milex Complete Auto Care/Mr. Transmission, Honest-1 Auto Care, Darlon Wilian Da Silva Gusmao, Ademir Vacari, Auto Socorro Do Careca Ltda, Neutrans S.A., Bosch Car Service, Z F Services Middle East L.L.C, Emrill Services L.L.C, Amana Contracting & Steel Building Company – W L L, Al Naboodah Contracting Co. (L.L.C), Saeed Mohd. Al Ghandi & Sons, Ag Facilities Solutions L.L.C, Al Futtaim Auto & Machinery Company (Llc) – Famco, Al Shirawi Enterprises (L.L.C), Yanfeng South Africa Automotive Interior Systems (Pty) Ltd, Germatic Autobody CC, Kempster Sedgwick (Pty) Ltd, Prommac (Pty) Ltd, Federal-Mogul Of South Africa (Pty) Ltd, Tracker Connect (Pty) Ltd
#What are the major trends in the automotive repair and maintenance market?
Automotive repair and maintenance services companies are increasingly using artificial intelligence-based automated vehicle inspection technology for vehicle inspection. Automated vehicle inspection systems capture pictures of the vehicle entering the cabin from multiple angles and upload them to the central computing system which then compares them with standards to identify deviations. The system generates a report with an overview of all the issues flagged in the car and the required actions needed to be taken. For instance, in January 2024, Amazon, a US-based technology company, launched AI-Powered Automated Vehicle Inspection (AVI) technology. This AVI technology uses advanced AI to detect anomalies in delivery vans before they become safety risks, enhancing fleet safety and reliability. Partnering with UVeye, this system automates inspections, identifying issues like tire defects that are difficult to spot manually. It provides fleet managers with comprehensive insights, allowing them to track recurring issues, improve route safety, and prevent potential on-road failures. AVI’s scalability ensures safety across Amazon’s vast delivery network, handling over 20 million daily packages.
Which geography holds the highest automotive repair and maintenance market share?
Western Europe was the largest region in the automotive repair and maintenance market in 2024. Asia-Pacific was the second-largest region in the automotive repair and maintenance market. The regions covered in the automotive repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How do different segments contribute to the overall expansion of the automotive repair and maintenance market?
The automotive repair and maintenance market covered in this report is segmented –
1) By Type: Automotive Mechanical And Electrical Repair And Maintenance, Automotive Body, Paint, Interior, And Glass Repair, Other Automotive Repair And Maintenance
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Bike And Scooter
3) By Service Provider: Automotive Dealership, Franchise General Repair, Specialty Shop, Locally Owned Repair Shops Or Body Shop, Others
Subsegments:
1) By Automotive Mechanical And Electrical Repair And Maintenance: Engine Repair And Maintenance, Transmission Repair, Brake System Repair, Electrical System Repair, HVAC System Repair, Suspension And Steering Repair
2) By Automotive Body: Collision Repair, Dent Repair, Frame Straightening, Body Panel Replacement
3) By Paint: Scratch and Dent Touch-Up, Full Repainting, Clear Coat Restoration, Custom Paint Jobs
4) By Interior: Upholstery Repair, Dashboard Repair, Carpet Replacement, Seat Reupholstering
5) By Glass Repair: Windshield Replacement, Chip Repair, Window Tinting, Side and Rear Glass Replacement
6) By Other Automotive Repair And Maintenance: Tire Repair And Replacement, Routine Maintenance (Oil Changes, Filter Replacements), Diagnostic Services, Performance Upgrades And Modifications
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How is the automotive repair and maintenance market defined, and what are its core characteristics?
Automotive repair and maintenance refers to the service of repair, alteration, restoration, towing, painting, and cleaning of automobiles. Regular vehicle service and maintenance give huge dividends in fuel efficiency, increase safety, and longevity, enhance performance and reliability, and save on expensive repairs.
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