August 12, 2022

ONB-AUTO

Nuts about Car

Automotive Repair & Maintenance Services Market to Garner Brimming Revenues by 2031

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In accordance to Long run Industry Insights (FMI), an ESOMAR-qualified investigate and consultancy company, the international car fix and routine maintenance providers marketplace is predicted to reach US$ 544.5 billion in 2021, with a steady lengthy-expression prediction.

The COVID-19 epidemic minimized desire for car or truck maintenance and servicing services in 2020. Nonetheless, mainly because the automobile sector is rebounding, income are escalating. The very long-term perspective on the industry stays encouraging, given the prospect of the industry recovering tempo in quite a few nations.

The need for automobile repair service and upkeep products and services grows as vehicles age and road disorders deteriorate. The need for numerous providers and parts these kinds of as tyre substitution companies, collision physique repairs, and others is driving the repair & upkeep sector.

With the growing amount of suppliers all around the earth, the range of registrations for passenger autos is raising. Car or truck proprietors, notably in middle-cash flow nations, regard their cars as essential investments, thus they position a higher precedence on routine maintenance and restore. In accordance to FMI, passenger motor vehicles will account for much more than 70% of industry sales.

Aggressive Landscape

  • Arnold Clark Car Ltd.
  • Asbury Automotive Group Inc.
  • Ashland Automotive Team Inc.
  • Belron Global Ltd
  • Driven Brand names Inc.
  • Carmax Autocare Middle
  • Firestone Complete Autocare
  • Goodyear Tire & Rubber Company
  • Halfords Team PLC
  • Monro Inc.

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