Automotive Service Market Size, Share, Trends, Growth Outlook

Automotive Service Market is estimated to increase at a growth rate of 10.8% CAGR over the forecast period from 2024 to 2030.

The global Automotive Service Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By service (Automotive Repair, Coating And Finishing, Part Fabrication, Equipment And System Services, Repair And Maintenance, Testing), By Technology (Computer Vision, Machine Learning, Others), By Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Bikes).

An Introduction to Global Automotive Service Market, 2024

The automotive service market is evolving in 2024, shaped by technological innovations, changing consumer behaviors, and the transition towards digitalization and connectivity in vehicle maintenance and repair. Automotive service encompasses a wide range of activities, including routine maintenance, diagnostics, repairs, and aftermarket parts sales, aimed at keeping vehicles in optimal condition throughout their lifecycle. With the rise of connected vehicles and telematics systems, automotive service providers are leveraging data analytics, predictive maintenance algorithms, and remote diagnostics to offer proactive and personalized service solutions. Moreover, the emergence of electric vehicles (EVs) and autonomous driving technologies is driving the demand for specialized service expertise, infrastructure, and training to support the servicing and repair of next-generation vehicles. As the automotive industry undergoes profound changes, the automotive service market is adapting to meet the evolving needs of vehicle owners, fleet operators, and mobility service providers.

Automotive Service Competitive Landscape

The global Automotive Service market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Automotive Service Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Automotive Service Market Industry include- Asbury Automotive Group Inc, Ashland Automotive Inc, Belron International Ltd, Bridgestone Corp, CarMax Business Services Llc, Driven Brands Inc, EUROPART Holding GmbH, Halfords Group plc, Inter Cars S.A., Jiffy Lube International Inc, LKQ Corp, M and M Automotive LLC, MEKO Auto Components Inc, Mobivia Groupe, Monro Inc, Sumitomo Corp, The Goodyear Tire & Rubber Company, USA Automotive Group Inc, Wrench Inc.

Automotive Service Market Trend: Shift towards Digitalization and Online Booking Platforms

A significant trend in the automotive service market is the shift towards digitalization and the emergence of online booking platforms. With the increasing penetration of smartphones and internet connectivity, consumers are seeking convenient ways to access automotive services. Online booking platforms allow customers to schedule appointments, compare service prices, and track the progress of their vehicle repairs or maintenance online. Moreover, digitalization enables automotive service providers to streamline their operations, improve customer engagement, and offer personalized services tailored to individual preferences. This trend reflects the industry's adaptation to changing consumer behaviors and preferences in an increasingly digitalized world.

Automotive Service Market Driver: Vehicle Maintenance and Repair Needs

The primary driver in the automotive service market is the ongoing demand for vehicle maintenance and repair services. As the global vehicle parc continues to grow, there's a corresponding need for regular servicing, repairs, and maintenance to ensure vehicle safety, reliability, and longevity. Automotive service providers play a crucial role in addressing these maintenance and repair needs, offering a wide range of services including oil changes, tire rotations, brake repairs, and diagnostics. Additionally, as vehicles become more technologically advanced, the complexity of repairs and maintenance tasks increases, driving the demand for skilled technicians and specialized equipment. This fundamental need for vehicle maintenance and repair services sustains the automotive service market's growth and relevance in the automotive industry.

Automotive Service Market Opportunity: Expansion into Mobile Service and On-Demand Repairs

An emerging opportunity in the automotive service market lies in the expansion into mobile service and on-demand repairs. With consumers valuing convenience and flexibility, there's a growing demand for mobile automotive service solutions that bring maintenance and repair services directly to customers' locations. Mobile service providers equipped with service vans or trucks can offer on-site repairs, diagnostics, and maintenance services, saving customers time and eliminating the need for them to visit traditional service centers. Moreover, on-demand repair platforms connect customers with certified technicians who can address their vehicle issues promptly and efficiently. By capitalizing on the demand for mobile and on-demand automotive services, providers can expand their customer reach, differentiate their offerings, and tap into new revenue streams in the automotive service market.

Automotive Service Market Segmentation

By service
Automotive Repair
Coating And Finishing
Part Fabrication
Equipment And System Services
Repair And Maintenance
Testing
By Technology
Computer Vision
Machine Learning
Others
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
BikesGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Automotive Service Companies

Asbury Automotive Group Inc
Ashland Automotive Inc
Belron International Ltd
Bridgestone Corp
CarMax Business Services Llc
Driven Brands Inc
EUROPART Holding GmbH
Halfords Group plc
Inter Cars S.A.
Jiffy Lube International Inc
LKQ Corp
M and M Automotive LLC
MEKO Auto Components Inc
Mobivia Groupe
Monro Inc
Sumitomo Corp
The Goodyear Tire & Rubber Company
USA Automotive Group Inc
Wrench Inc
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Automotive Service Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Automotive Service Market Size Outlook, $ Million, 2021 to 2030
3.2 Automotive Service Market Outlook by Type, $ Million, 2021 to 2030
3.3 Automotive Service Market Outlook by Product, $ Million, 2021 to 2030
3.4 Automotive Service Market Outlook by Application, $ Million, 2021 to 2030
3.5 Automotive Service Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Automotive Service Industry
4.2 Key Market Trends in Automotive Service Industry
4.3 Potential Opportunities in Automotive Service Industry
4.4 Key Challenges in Automotive Service Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Automotive Service Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Automotive Service Market Outlook by Segments
7.1 Automotive Service Market Outlook by Segments, $ Million, 2021- 2030
By service
Automotive Repair
Coating And Finishing
Part Fabrication
Equipment And System Services
Repair And Maintenance
Testing
By Technology
Computer Vision
Machine Learning
Others
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Bikes

8 North America Automotive Service Market Analysis and Outlook To 2030
8.1 Introduction to North America Automotive Service Markets in 2024
8.2 North America Automotive Service Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Automotive Service Market size Outlook by Segments, 2021-2030
By service
Automotive Repair
Coating And Finishing
Part Fabrication
Equipment And System Services
Repair And Maintenance
Testing
By Technology
Computer Vision
Machine Learning
Others
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Bikes

9 Europe Automotive Service Market Analysis and Outlook To 2030
9.1 Introduction to Europe Automotive Service Markets in 2024
9.2 Europe Automotive Service Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Automotive Service Market Size Outlook by Segments, 2021-2030
By service
Automotive Repair
Coating And Finishing
Part Fabrication
Equipment And System Services
Repair And Maintenance
Testing
By Technology
Computer Vision
Machine Learning
Others
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Bikes

10 Asia Pacific Automotive Service Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Automotive Service Markets in 2024
10.2 Asia Pacific Automotive Service Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Automotive Service Market size Outlook by Segments, 2021-2030
By service
Automotive Repair
Coating And Finishing
Part Fabrication
Equipment And System Services
Repair And Maintenance
Testing
By Technology
Computer Vision
Machine Learning
Others
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Bikes

11 South America Automotive Service Market Analysis and Outlook To 2030
11.1 Introduction to South America Automotive Service Markets in 2024
11.2 South America Automotive Service Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Automotive Service Market size Outlook by Segments, 2021-2030
By service
Automotive Repair
Coating And Finishing
Part Fabrication
Equipment And System Services
Repair And Maintenance
Testing
By Technology
Computer Vision
Machine Learning
Others
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Bikes

12 Middle East and Africa Automotive Service Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Automotive Service Markets in 2024
12.2 Middle East and Africa Automotive Service Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Automotive Service Market size Outlook by Segments, 2021-2030
By service
Automotive Repair
Coating And Finishing
Part Fabrication
Equipment And System Services
Repair And Maintenance
Testing
By Technology
Computer Vision
Machine Learning
Others
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Bikes

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Asbury Automotive Group Inc
Ashland Automotive Inc
Belron International Ltd
Bridgestone Corp
CarMax Business Services Llc
Driven Brands Inc
EUROPART Holding GmbH
Halfords Group plc
Inter Cars S.A.
Jiffy Lube International Inc
LKQ Corp
M and M Automotive LLC
MEKO Auto Components Inc
Mobivia Groupe
Monro Inc
Sumitomo Corp
The Goodyear Tire & Rubber Company
USA Automotive Group Inc
Wrench Inc

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By service
Automotive Repair
Coating And Finishing
Part Fabrication
Equipment And System Services
Repair And Maintenance
Testing
By Technology
Computer Vision
Machine Learning
Others
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Bikes