As per another report distributed by Future Market Insights named “Automotive Repair and Maintenance Services Market: Global Industry Analysis and Opportunity Assessment, 2016 – 2026″, the worldwide Automotive Repair and Maintenance Services market is assessed to arrive at a market valuation of US$ 441.3 Bn by 2016 end, seeing a 5.6% CAGR somewhere in the range of 2016 and 2026. Car showroom proprietors will keep on holding prevailing offer in the worldwide auto fix and support administrations market representing more than 25% portion of the complete market before the finish of 2016.
Interest for Automotive Repair and Maintenance Services is driven by the expansion in vehicle age. With the enhancements in material and innovation utilized for car fabricating, the mean time of traveler vehicles in the U.S. expanded from 9 years in 2000 to 11.6 years in 2015. With the rising vehicle deals in the U.S. what’s more Western Europe, the interest for Automotive Repair and Maintenance Services is relied upon to rise dramatically. Additionally, a decrease in gas and oil costs has prompted an increment in the absolute miles driven by vehicle proprietors and this being connected with vehicle parts mileage, there is a developing requirement for vehicle upkeep and fixes – this is another element driving the development of the worldwide auto fix and support administrations market.
Division examination
Future Market Insights’ report on the worldwide Automotive Repair and Maintenance Services market offers helpful bits of knowledge on market execution of the different fragments of the worldwide Automotive Repair and Maintenance Services market. A portion of the features of our exploration uncover the accompanying indispensable focuses:
Interest for different administrations and parts in the car secondary selling, for example, tires, motor oil, and mileage parts will keep on acquiring foothold before long
The tires section is figure to enlist a CAGR of 7.9% during 2016 – 2026
The mileage parts and motor oil administrations and parts sections are relied upon to address 14.1% and 8.6% portions of the complete gradual chance in the coming decade
The car showrooms specialist organization section is expected to be esteemed in overabundance of US$ 100 Bn by this year end, seeing a CAGR of 4% during the anticipated period
The traveler vehicles vehicle type section was the most extreme worth producing fragment as far as vehicle type in 2015 and is projected to acquire huge portion of the overall industry over the figure time frame. This section is expected to acquire 200 BPS somewhere in the range of 2016 and 2026 because of higher deals of traveler vehicles before very long
Provincial investigation
North America is the biggest market for Automotive Repair and Maintenance Services representing more than 26% portion of the overall industry as far as income in the worldwide Automotive Repair and Maintenance Services market before the finish of 2016. The APEJ Automotive Repair and Maintenance Services market is projected to hold critical portion of the overall industry as far as worth in the worldwide Automotive Repair and Maintenance Services market over the gauge time frame, displaying a CAGR of 8.6% over the conjecture time frame. This is credited to expanding vehicle parc around here and an immature street foundation in numerous nations of APEJ.
Vendor insights
Asbury Automotive Group Inc., Jiffy Lubes International Inc., Monro Muffler Brake Inc., Driven Brands Inc., and Belron International Ltd. Mergers.
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