This report describes and explains the global automotive repair and maintenance market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The global automotive repair and maintenance market reached a value of nearly $750.8 billion in 2021, having increased at a compound annual growth rate (CAGR) of 3.8% since 2016. The market is expected to grow from $750.8 billion in 2021 to $1,237.5 billion in 2026 at a rate of 10.5%. The market is then expected to grow at a CAGR of 10.9% from 2026 and reach $2,080.2 billion in 2031.
Growth in the historic period in the automotive repair and maintenance market resulted from a rise in disposable income, increased environmental concerns for e-waste pushing companies to re-use automotive parts, strong economic growth in emerging markets and rapid urbanization. The market was restrained by fluctuating metal prices, the coronavirus pandemic and unpredictability in the political environment across countries.
Going forward, growing sense of sustainability, growing vehicle failure rate and cost-benefit associated with repairing old vehicle, increasing government regulations for automotive waste management and higher purchase cost of automotive vehicles will drive the market. Factors that could hinder the growth of the market in the future include lack of skilled workforce and high cost involved in training service technicians.
The automotive repair and maintenance market is segmented by type into automotive mechanical and electrical repair and maintenance, automotive body, paint, interior, and glass repair and other automotive repair and maintenance. The automotive mechanical and electrical repair and maintenance segment was the largest segment of the automotive repair and maintenance market segmented by type, accounting for 47.1% of the total in 2021. Going forward, the automotive body, paint, interior, and glass repair segment is expected to be the fastest growing segment in the automotive repair and maintenance market segmented by type, at a CAGR of 12.2% during 2021-2026.
The automotive mechanical and electrical repair and maintenance market is segmented by type into general automotive repair, automotive exhaust system repair, automotive transmission repair, and other automotive mechanical and electrical repair and maintenance. The general automotive repair segment was the largest segment of the automotive mechanical and electrical repair and maintenance market segmented by type, accounting for 43.3% of the total in 2021. Going forward, the automotive transmission repair segment is expected to be the fastest growing segment in the automotive mechanical and electrical repair and maintenance market segmented by type, at a CAGR of 3.1% during 2021-2026.
The automotive body, paint, interior, and glass repair market is segmented by type into automotive body, paint, and interior repair and maintenance, and automotive glass replacement. The automotive body, paint, and interior repair and maintenance segment was the largest segment of the automotive body, paint, interior, and glass repair market segmented by type, accounting for 33.1% of the total in 2021. Going forward, the automotive glass replacement segment is expected to be the fastest growing segment in the automotive body, paint, interior, and glass repair market segmented by type, at a CAGR of 11.6% during 2021-2026.
The other automotive repair and maintenance market is segmented by type into automotive oil change and lubrication shops, car washes, and all other automotive repair and maintenance. The car washes segment was the largest segment of the other automotive repair and maintenance market segmented by type, accounting for 9.0% of the total in 2021. Going forward, the automotive oil change and lubrication shops segment is expected to be the fastest growing segment in the other automotive repair and maintenance market segmented by type, at a CAGR of 5.8% during 2021-2026.
The automotive repair and maintenance market is also segmented by vehicle type into passenger cars, light commercial vehicles, heavy commercial vehicles and bike and scooter. The passenger cars segment was the largest segment of the automotive repair and maintenance market segmented by vehicle type, accounting for 65.1% of the total in 2021. Going forward, light commercial vehicles segment is expected to be the fastest growing segment in the automotive repair and maintenance market segmented by vehicle type, at a CAGR of 10.2% during 2021-2026.
The automotive repair and maintenance market is also segmented by service provider into automotive dealership, franchise general repair, specialty shop, locally owned repair shops/body shop and others. The automotive dealership segment was the largest segment of the automotive repair and maintenance market segmented by service provider, accounting for 39.5% of the total in 2021. Going forward, locally owned repair shops/body shop segment is expected to be the fastest growing segment in the automotive repair and maintenance market segmented by service provider, at a CAGR of 10.6% during 2021-2026.
Western Europe was the largest region in the automotive repair and maintenance market, accounting for 33.6% of the total in 2021. It was followed by the Asia Pacific, North America and then the other regions. Going forward, the fastest-growing regions in the automotive repair and maintenance market will be Africa and South America where growth will be at CAGRs of 13.5% and 12.8% respectively during 2021-2026. These will be followed by Middle East and Eastern Europe, where the markets are expected to register CAGRs of 12.7% and 11.7% respectively during 2021-2026.
Coronavirus disease (COVID-19) is an infectious disease that is caused by a newly discovered coronavirus. COVID-19, which originated in the Wuhan Province of China, in December 2019, has now spread across the world and the World Health Organization (WHO) has declared this outbreak a pandemic. The disease outbreak has affected transit and ground passenger transport services across several countries around the globe, mostly in countries where a lockdown has been declared to contain the disease. The crisis hit automotive manufacturers worldwide hard, which have then been forced to shut down operations on the vast majority of their production plants. After an initial supply shock, the auto industry is now experiencing a global demand shock with predictions showing that automotive sales decreased by 14%-22% among the markets in China, USA, and Europe in 2020. The pandemic has impacted the automotive repair and maintenance market as on-site work has reduced significantly due to lockdowns, travel restrictions, and remote working. The demand for services came down and revenues declined. The shortage in liquidity forced downsizing and other cost-cutting measures like reduced budgets for attending events and pay cuts. COVID-19 would however accelerate low-carbon emissions by a couple of years which would mean an increased demand for the maintenance and repair of this type of vehicles in the future.
The global automotive repair and maintenance market is fragmented, with a large number of players. The top ten competitors in the market made up to 1.57% of the total market in 2020. This can be due to the existence of number of local players in the market serving customers in particular geographies. Major players in the market are LKQ Corporation, Belron International Ltd., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc., Nippon Express Co., Ltd., Driven Brands Inc, Goodyear Tire & Rubber Co., Lookers PLC, Halfords and other players.
The top opportunities in the automotive repair and maintenance market segmented by type will arise in automotive body, paint, interior, and glass repair segment, which will gain $214.0 billion of global annual sales by 2026. The top opportunities in the automotive mechanical and electrical repair and maintenance market segmented by type will arise in general automotive repair segment, which will gain $178.9 billion of global annual sales by 2026. The top opportunities in the automotive body, paint, interior, and glass repair market segmented by type will arise in automotive body, paint, and interior repair and maintenance segment, which will gain $193.9 billion of global annual sales by 2026. The top opportunities in the other automotive repair and maintenance market segmented by type will arise in car washes segment, which will gain $58.9 billion of global annual sales by 2026. The top opportunities in the automotive repair and maintenance market segmented by vehicle type will arise in passenger cars segment, which will gain $309.4 billion of global annual sales by 2026. The top opportunities in the automotive repair and maintenance market segmented by service provider will arise in automotive dealership segment, which will gain $186.3 billion of global annual sales by 2026. The automotive repair and maintenance market size will gain the most in the China at $87.4 billion.
Market-trend-based strategies for the automotive repair and maintenance include companies should consider adopting predictive maintenance solutions in vehicles to reduce breakdowns and improve efficiency by predicting parts failures in advance, implement enhanced safety features in their vehicles to offer safe services for the customers, integrate advanced technology in their services in order to provide quality and efficient safety services, companies should consider implementing big data analytics tools in companies’ operations to enhance their real-time operations, focus on mergers and acquisitions to increase revenue and market share, use remote vehicle diagnostic systems to increase the safety of the consumer and also the vehicle, adopt AI solutions, to ultimately reduce R&D costs and save development time, and focus on offering electric vehicles in their portfolio to cater to the growing environmental consciousness among customers.
Player-adopted strategies in the automotive repair and maintenance market include expanding automotive repair services business through strategic acquisitions, increasing automotive repair services offerings through partnerships and collaborations, expanding business presence through the construction and operation of new automotive repair and fuel service station, anf focus on merger and acquisition to expand footprint in the market.
To take advantage of the opportunities, The Business Research Company recommends the automotive repair and maintenance companies to focus on enhancing commercial vehicle safety features, use predictive maintenance, integrate big data analytics and artificial intelligence (AI) technologies in services, increase adoption of remote vehicle diagnostic systems, expand in emerging markets, focus on mergers and acquisitions, leverage online platforms to maximize reach and revenues, provide affordable offerings, offer competitive pricing, leverage social media and engage in customer loyalty programs.
The global automotive repair and maintenance market reached a value of nearly $750.8 billion in 2021, having increased at a compound annual growth rate (CAGR) of 3.8% since 2016. The market is expected to grow from $750.8 billion in 2021 to $1,237.5 billion in 2026 at a rate of 10.5%. The market is then expected to grow at a CAGR of 10.9% from 2026 and reach $2,080.2 billion in 2031.
Growth in the historic period in the automotive repair and maintenance market resulted from a rise in disposable income, increased environmental concerns for e-waste pushing companies to re-use automotive parts, strong economic growth in emerging markets and rapid urbanization. The market was restrained by fluctuating metal prices, the coronavirus pandemic and unpredictability in the political environment across countries.
Going forward, growing sense of sustainability, growing vehicle failure rate and cost-benefit associated with repairing old vehicle, increasing government regulations for automotive waste management and higher purchase cost of automotive vehicles will drive the market. Factors that could hinder the growth of the market in the future include lack of skilled workforce and high cost involved in training service technicians.
The automotive repair and maintenance market is segmented by type into automotive mechanical and electrical repair and maintenance, automotive body, paint, interior, and glass repair and other automotive repair and maintenance. The automotive mechanical and electrical repair and maintenance segment was the largest segment of the automotive repair and maintenance market segmented by type, accounting for 47.1% of the total in 2021. Going forward, the automotive body, paint, interior, and glass repair segment is expected to be the fastest growing segment in the automotive repair and maintenance market segmented by type, at a CAGR of 12.2% during 2021-2026.
The automotive mechanical and electrical repair and maintenance market is segmented by type into general automotive repair, automotive exhaust system repair, automotive transmission repair, and other automotive mechanical and electrical repair and maintenance. The general automotive repair segment was the largest segment of the automotive mechanical and electrical repair and maintenance market segmented by type, accounting for 43.3% of the total in 2021. Going forward, the automotive transmission repair segment is expected to be the fastest growing segment in the automotive mechanical and electrical repair and maintenance market segmented by type, at a CAGR of 3.1% during 2021-2026.
The automotive body, paint, interior, and glass repair market is segmented by type into automotive body, paint, and interior repair and maintenance, and automotive glass replacement. The automotive body, paint, and interior repair and maintenance segment was the largest segment of the automotive body, paint, interior, and glass repair market segmented by type, accounting for 33.1% of the total in 2021. Going forward, the automotive glass replacement segment is expected to be the fastest growing segment in the automotive body, paint, interior, and glass repair market segmented by type, at a CAGR of 11.6% during 2021-2026.
The other automotive repair and maintenance market is segmented by type into automotive oil change and lubrication shops, car washes, and all other automotive repair and maintenance. The car washes segment was the largest segment of the other automotive repair and maintenance market segmented by type, accounting for 9.0% of the total in 2021. Going forward, the automotive oil change and lubrication shops segment is expected to be the fastest growing segment in the other automotive repair and maintenance market segmented by type, at a CAGR of 5.8% during 2021-2026.
The automotive repair and maintenance market is also segmented by vehicle type into passenger cars, light commercial vehicles, heavy commercial vehicles and bike and scooter. The passenger cars segment was the largest segment of the automotive repair and maintenance market segmented by vehicle type, accounting for 65.1% of the total in 2021. Going forward, light commercial vehicles segment is expected to be the fastest growing segment in the automotive repair and maintenance market segmented by vehicle type, at a CAGR of 10.2% during 2021-2026.
The automotive repair and maintenance market is also segmented by service provider into automotive dealership, franchise general repair, specialty shop, locally owned repair shops/body shop and others. The automotive dealership segment was the largest segment of the automotive repair and maintenance market segmented by service provider, accounting for 39.5% of the total in 2021. Going forward, locally owned repair shops/body shop segment is expected to be the fastest growing segment in the automotive repair and maintenance market segmented by service provider, at a CAGR of 10.6% during 2021-2026.
Western Europe was the largest region in the automotive repair and maintenance market, accounting for 33.6% of the total in 2021. It was followed by the Asia Pacific, North America and then the other regions. Going forward, the fastest-growing regions in the automotive repair and maintenance market will be Africa and South America where growth will be at CAGRs of 13.5% and 12.8% respectively during 2021-2026. These will be followed by Middle East and Eastern Europe, where the markets are expected to register CAGRs of 12.7% and 11.7% respectively during 2021-2026.
Coronavirus disease (COVID-19) is an infectious disease that is caused by a newly discovered coronavirus. COVID-19, which originated in the Wuhan Province of China, in December 2019, has now spread across the world and the World Health Organization (WHO) has declared this outbreak a pandemic. The disease outbreak has affected transit and ground passenger transport services across several countries around the globe, mostly in countries where a lockdown has been declared to contain the disease. The crisis hit automotive manufacturers worldwide hard, which have then been forced to shut down operations on the vast majority of their production plants. After an initial supply shock, the auto industry is now experiencing a global demand shock with predictions showing that automotive sales decreased by 14%-22% among the markets in China, USA, and Europe in 2020. The pandemic has impacted the automotive repair and maintenance market as on-site work has reduced significantly due to lockdowns, travel restrictions, and remote working. The demand for services came down and revenues declined. The shortage in liquidity forced downsizing and other cost-cutting measures like reduced budgets for attending events and pay cuts. COVID-19 would however accelerate low-carbon emissions by a couple of years which would mean an increased demand for the maintenance and repair of this type of vehicles in the future.
The global automotive repair and maintenance market is fragmented, with a large number of players. The top ten competitors in the market made up to 1.57% of the total market in 2020. This can be due to the existence of number of local players in the market serving customers in particular geographies. Major players in the market are LKQ Corporation, Belron International Ltd., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc., Nippon Express Co., Ltd., Driven Brands Inc, Goodyear Tire & Rubber Co., Lookers PLC, Halfords and other players.
The top opportunities in the automotive repair and maintenance market segmented by type will arise in automotive body, paint, interior, and glass repair segment, which will gain $214.0 billion of global annual sales by 2026. The top opportunities in the automotive mechanical and electrical repair and maintenance market segmented by type will arise in general automotive repair segment, which will gain $178.9 billion of global annual sales by 2026. The top opportunities in the automotive body, paint, interior, and glass repair market segmented by type will arise in automotive body, paint, and interior repair and maintenance segment, which will gain $193.9 billion of global annual sales by 2026. The top opportunities in the other automotive repair and maintenance market segmented by type will arise in car washes segment, which will gain $58.9 billion of global annual sales by 2026. The top opportunities in the automotive repair and maintenance market segmented by vehicle type will arise in passenger cars segment, which will gain $309.4 billion of global annual sales by 2026. The top opportunities in the automotive repair and maintenance market segmented by service provider will arise in automotive dealership segment, which will gain $186.3 billion of global annual sales by 2026. The automotive repair and maintenance market size will gain the most in the China at $87.4 billion.
Market-trend-based strategies for the automotive repair and maintenance include companies should consider adopting predictive maintenance solutions in vehicles to reduce breakdowns and improve efficiency by predicting parts failures in advance, implement enhanced safety features in their vehicles to offer safe services for the customers, integrate advanced technology in their services in order to provide quality and efficient safety services, companies should consider implementing big data analytics tools in companies’ operations to enhance their real-time operations, focus on mergers and acquisitions to increase revenue and market share, use remote vehicle diagnostic systems to increase the safety of the consumer and also the vehicle, adopt AI solutions, to ultimately reduce R&D costs and save development time, and focus on offering electric vehicles in their portfolio to cater to the growing environmental consciousness among customers.
Player-adopted strategies in the automotive repair and maintenance market include expanding automotive repair services business through strategic acquisitions, increasing automotive repair services offerings through partnerships and collaborations, expanding business presence through the construction and operation of new automotive repair and fuel service station, anf focus on merger and acquisition to expand footprint in the market.
To take advantage of the opportunities, The Business Research Company recommends the automotive repair and maintenance companies to focus on enhancing commercial vehicle safety features, use predictive maintenance, integrate big data analytics and artificial intelligence (AI) technologies in services, increase adoption of remote vehicle diagnostic systems, expand in emerging markets, focus on mergers and acquisitions, leverage online platforms to maximize reach and revenues, provide affordable offerings, offer competitive pricing, leverage social media and engage in customer loyalty programs.
Table of Contents
1. Automotive Repair And Maintenance Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Automotive Repair And Maintenance Market Characteristics
9. Automotive Repair And Maintenance Market, Supply Chain Analysis
11. Automotive Repair And Maintenance Market Trends And Strategies
12. COVID-19 Impact On The Automotive Repair And Maintenance Market
13. Global Automotive Repair And Maintenance Market Size And Growth
14. Automotive Repair And Maintenance Market, Regional Analysis
15. Global Automotive Repair And Maintenance Market Segmentation
16. Automotive Repair and Maintenance Market Segments
17. Global Automotive Repair And Maintenance Market Comparison with Macro Economic Factors
18. Asia-Pacific Automotive Repair And Maintenance Market
19. Western Europe Automotive Repair And Maintenance Market
20. Eastern Europe Automotive Repair And Maintenance Market
21. North America Automotive Repair And Maintenance Market
22. South America Automotive Repair And Maintenance Market
23. Middle East Automotive Repair And Maintenance Market
24. Africa Automotive Repair And Maintenance Market
25. Global Automotive Repair And Maintenance Market Competitive Landscape
26. Key Mergers And Acquisitions In The Automotive Repair And Maintenance Market
27. Market Background: Repair and Maintenance Market
28. Global Automotive Repair And Maintenance Market Opportunities And Strategies
29. Automotive Repair And Maintenance Market Conclusions And Recommendations
30. Appendix
31. Copyright And Disclaimer
Executive Summary
Automotive Repair And Maintenance Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global automotive repair and maintenance market as it emerges from the COVID 19 shut down.
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Description:
Where is the largest and fastest growing market for automotive repair and maintenance? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The automotive repair and maintenance market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider automotive repair and maintenance market; and compares it with other markets.
The report covers the following chapters:
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - This section gives the segmentation of the automotive repair and maintenance market by geography, by type, by vehicle type, and by service provider.
- Market Characteristics - The market characteristics section of the report defines and explains the automotive repair and maintenance market. This chapter includes different services covered in the report and basic definitions.
- Product Analysis - The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products.
- Supply Chain - The supply chain section of the report defines and explains the key players in the automotive repair and maintenance industry supply chain.
- Customer Information - This chapter covers recent customer trends/preferences in the global automotive repair and maintenance market.
- Trends And Strategies - This chapter describes the major trends shaping the global automotive repair and maintenance market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- COVID-19 Impact - This chapter describes the impact of the COVID-19 pandemic on the automotive repair and maintenance market.
- Global Market Size And Growth - This section contains the global historic (2016-2021) and forecast (2021-2026F, 2031F) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2016-2021), forecast (2021-2026F, 2031F) market value and growth and market share comparison by region.
- Segmentation - This section contains the market values (2016-2021, 2021-2026F, 2031F) and analysis for different segments in the market.
- Global Macro Comparison - The global automotive repair and maintenance market comparison with macro-economic factors gives the automotive repair and maintenance market size, percentage of GDP, and average automotive repair and maintenance market expenditure.
- Regional Market Size and Growth - This section contains the region’s market size (2021), historic and forecast (2021-2026F, 2031F) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
- Competitive Landscape - This section covers details on the competitive landscape of the global automotive repair and maintenance market, estimated market shares and company profiles of the leading players.
- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Background - This section describes the repair and maintenance market of which the automotive repair and maintenance market is a segment. This chapter includes the repair and maintenance market 2016-26 values, and regional analyses for the repair and maintenance market.
- Market Opportunities And Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for automotive repair and maintenance providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- 1) By Type: Automotive Mechanical And Electrical Repair And Maintenance; Automotive Body, Paint, Interior, And Glass Repair; Other Automotive Repair And Maintenance
- a) By Type of Automotive Mechanical and Electrical Repair and Maintenance: General Automotive Repair; Automotive Exhaust System Repair; Automotive Transmission Repair; Other Automotive Mechanical And Electrical Repair And Maintenance
- b) By Type of Automotive Body, Paint, Interior, And Glass Repair: Automotive Body, Paint, And Interior Repair And Maintenance; Automotive Glass Replacement
- c) By Type of Other Automotive Repair And Maintenance: Automotive Oil Change And Lubrication Shops, Car Washes, All Other Automotive Repair And Maintenance
- 2) By Vehicle Type: Passenger Cars; Light Commercial Vehicles; Heavy Commercial Vehicles; Bike And Scooter
- 3) By Service Provider: Automotive Dealership; Franchise General Repair; Specialty Shop; Locally Owned Repair Shops/Body Shop; Others
Companies Mentioned:
LKQ Corporation, Belron International Ltd., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc.
Countries:
China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia, South Korea, Singapore, Thailand, Indonesia, Vietnam, Philippines, Malaysia, New Zealand, Hong Kong, Belgium, Sweden, Austria, Denmark, Netherlands, Norway, Finland, Portugal, Switzerland, Ireland, Poland, Czech Republic, Romania, Canada, Mexico, Argentina, Peru, Venezuela, Colombia, Chile, Saudi Arabia, Turkey, UAE, Israel, South Africa, Egypt, Nigeria
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; automotive repair and maintenance indicators comparison.
Data segmentations:
country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- LKQ Corporation, Belron International Ltd.
- ADNOC, Monro Muffler Brake
- Asbury Automotive Group Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 393 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 750.8 Billion |
| Forecasted Market Value ( USD | $ 2080.2 Billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 3 |
