DUBLIN–(Business enterprise WIRE)–The “Automotive Restore and Upkeep Products and services – Global Industry Trajectory & Analytics” report has been included to ResearchAndMarkets.com’s presenting.
Amid the COVID-19 crisis, the world industry for Automotive Repair and Maintenance Products and services estimated at US$565 Billion in the yr 2020, is projected to reach a revised dimensions of US$678.4 Billion by 2026, developing at a CAGR of 3.1% around the investigation time period.
Tires, a single of the segments analyzed in the report, is projected to expand at a 3.6% CAGR to reach US$211.1 Billion by the conclude of the examination time period. After a extensive examination of the business enterprise implications of the pandemic and its induced financial disaster, growth in the Use & Tear Elements segment is readjusted to a revised 2.7% CAGR for the next 7-year interval. This segment at this time accounts for a 23.1% share of the worldwide Automotive Repair and Servicing Products and services market place.
The U.S. Industry is Estimated at $93.6 Billion in 2021, Although China is Forecast to Get to $154 Billion by 2026
The Automotive Maintenance and Routine maintenance Services industry in the U.S. is believed at US$93.6 Billion in the yr 2021. The region at present accounts for a 16.33% share in the international current market. China, the planet second premier overall economy, is forecast to reach an believed market sizing of US$154 Billion in the calendar year 2026 trailing a CAGR of 4% through the analysis interval. Between the other noteworthy geographic marketplaces are Japan and Canada, each individual forecast to develop at 2.2% and 2.7% respectively in excess of the analysis period of time.
In just Europe, Germany is forecast to mature at about 2.4% CAGR while Rest of European industry (as outlined in the examine) will reach US$158.9 Billion by the end of the examination period of time. Asia commands a sizable presence in the sector globally, supported by the sturdy presence of quite a few automotive hubs. Higher passenger motor vehicle usage together with amplified production of these motor vehicles in the area are probable to additional augment expansion in the marketplace. Lack of great roads and infrastructure deficit in emerging international locations in the location like India will gasoline progress in tire, chassis and suspension maintenance. North The united states will continue being a critical current market thanks to increasing vehicle profits mixed with strict US laws concerning auto servicing and routine maintenance.
Pick out Competitors (Total 84 Featured) –
- Arnold Clark Cars Ltd.
- Asbury Automotive Team, Inc.
- Ashland Automotive Inc.
- Belron International Ltd.
- Bridgestone Corporation
- CARMAX Autocare Middle
- Pushed Manufacturers, Inc.
- Firestone Total Automobile Care
- Halfords Team plc
- Jiffy Lube Intercontinental, Inc.
- Monro, Inc.
- Sumitomo Corporation
- The Goodyear Tire & Rubber Company
Key Subjects Covered:
II. Government SUMMARY
1. Current market OVERVIEW
- Automotive Restore and Routine maintenance Companies – World-wide Crucial Competitors Percentage Industry Share in 2022 (E)
- Aggressive Current market Existence – Powerful/Energetic/Area of interest/Trivial for Gamers Around the world in 2022 (E)
- Impression of COVID-19 and a Looming World Economic downturn
- COVID-19 Leaves the World in Shambles & Industries and Marketplaces Upended: World Financial Expansion Projections (Serious GDP, Once-a-year % Transform) for 2019E to 2022F
- Automobile Product sales Appear Down Crashing As Unemployment Spikes to Historic Highs
- A Major Blow to Consumerism, Mounting Degrees of Unemployment Threatens to Shrink the World Middle Class Populace: Unemployment in the U.S. (In Million)
- Influence on Global Automotive Aftermarket: The 2020 Worries
- Structural Shifts in the Automotive Aftermarket Market
- Pandemic Result on Repair service & Routine maintenance Companies Marketplace
- Maintenance Retailers and Dealership Assistance Departments Modify Treatments amid the Pandemic
- An Introduction to Automotive Repair service & Upkeep Expert services
- Providers Offered Beneath Automotive Maintenance
- Products and services Supplied Below Automotive Routine maintenance
- Overview of Pick out Products Segments of Pieces
- World Marketplace Potential clients & Outlook
- Entire world Automotive Maintenance and Routine maintenance Expert services Market place by Components (2020 & 2027): Share Breakdown of Revenues for Tires, Have on & Tear Areas, Collision Physique, Batteries, and Other Pieces
- World Automotive Repair and Servicing Services Marketplace by Software (2020 & 2027): Proportion Breakdown of Revenues for Passenger Automobiles, and Commercial Autos
- Important Traits Influencing the Automotive Repair and Servicing Providers Sector
- Market place Restraints
- New Industry Activity
- Regional Analysis
- Environment Automotive Fix and Routine maintenance Solutions Market place by Area (2020 & 2027): Share Breakdown of Revenues for Developed and Producing Regions
- World-wide Automotive Repair and Servicing Companies Current market: Geographic Locations Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin The united states, Middle East, Africa, Canada, United states, Europe, and Japan
2. Aim ON Choose Players
3. Current market Developments & Drivers
- Massive Car Fleet & Mounting Passenger Motor vehicle Density Supply Opportunity for Mend & Routine maintenance Products and services Market
- World-wide Passenger Auto & Industrial Vehicle Populace (In 000 Models) for the Several years 2017 and 2020
- Motorization Rate for Choose Nations: 2019
- Automotive Repair service & Servicing Solutions Undergoes Alterations on Quite a few Fronts
- Electric Automobiles & Autonomous Vehicles Set to Effects Repair & Routine maintenance Traits in Potential
- Increasing Consciousness About Automobile Servicing Yields Beneficial Success
- Sustained Emphasis on DIFM Solutions Widens Current market Possibilities
4. Global Market place Viewpoint
III. Current market Examination
IV. Level of competition
For extra info about this report take a look at https://www.researchandmarkets.com/r/q5h70j