Automotive and Transportation Automotive Repair & Maintenance Service Market | Page 3

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 In terms of service providers, the automotive repair and maintenance services market is
segmented as an automotive dealership, locally owned repair shops, general franchise repairs,
and others. The automotive dealership segment is estimated to drive the growth of the market.
Presence of various locally owned repair shops is also growing at a significant rate due to the
increase in inclination of consumers toward the locally owned shops.
 Based on service type, the car maintenance service type is valued at USD 299.88 billion in 2018
and is estimated to reach USD 478.08 billion by 2026 at a CAGR of 5.8% during the forecast
period.
 Some of the trending possibilities in the automotive repair and maintenance services market are
an inclination towards the adoption of remote vehicle diagnostics system and collaboration &
partnership between small locally owned repair shops & fleet and leasing firms.
 APAC is considered to be the second largest market for automotive repair and service market
with revenue of USD 140.39 billion in 2018 and is estimated to reach USD 218.78 billion by 2026
at a CAGR of 5.5%, due to the presence of several automotive hubs in the region. Moreover,
large consumption of passenger vehicle across Asia Pacific is also driving the growth.
 Europe is estimated to grow at a CAGR 4.4%, during the forecast period.
 Key participants include Arnold Clark Automobiles Limited, Driven Brands, Inc., Ashland
Automotive, Inc., Asbury Automotive Group, Inc., Belron International Ltd., Carmax Autocare
Center, Jiffy Lube International, Inc., Goodyear Tire & Rubber Company, Halfords Group Plc.,
Firestone Complete Auto Care.
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