Automotive and Transportation Automotive Repair & Maintenance Service Market | Page 2

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Automotive Repair & Maintenance service Market to Reach USD 810.30 Billion
By 2026
Increasing safety requirements for passengers, especially in growing economies and increase in
technological advancements are the major factors influencing market growth.
Market Size – USD 516.14 billion in 2018, Market Growth - CAGR of 5.6%, Market Trends –Rise in
demand for electric vehicles.
The global Automotive Repair & Maintenance Service Market is estimated to reach USD 810.30 Billion
by 2026, according to a new report by Reports and Data. This can be mainly associated with the growing
need for passenger’s safety. Increase in awareness related to vehicle maintenance and safety is
expected to drive the market. Increased road safety awareness among the general population, the
average maintenance and repair expenses by an individual are anticipated to drive the market.
Moreover, an increase in sales of used cars in many regions, especially in emerging economies;
technological advancements pertaining to vehicle safety, are also fuelling market growth. Furthermore,
cost effectiveness, availability of service flexibility and reliable maintenance services are also propelling
the market growth globally. Based on statistics, increase in average age of vehicle due to technological
advancements and the average miles driven per vehicle are also significant factors stimulating market
demand.
North America region is projected to grow at a CAGR of 5.8% during the forecast period with the largest
share of 32.50% in 2018. The improving countries are the primary consumers of vehicles in this region.
The Automotive repair & maintenance service market in the Asia Pacific has been expanding owing to
the rise in technological advances in the area.
To identify the key trends in the industry, click on the link
below: https://www.reportsanddata.com/report-detail/automotive-repair-and-maintenance-service-
market
Further key findings from the report suggest
 In the Automotive Repair & Maintenance service Market, the tire segment accounts for the
largest share of 33.48% in 2018 due to the growing extensive use of vehicles for other daily
purposes.
 Tire services include tire pressure monitoring, replacement of tires, repair of flat tires and
misalignment of tires. Battery services cover replacement of automotive batteries. Wear and
tear parts include brake wheel end, shock absorbers, driveline, engine, and suspension. Collision
body includes crash parts, coating and painting, refinishing and repair materials.
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