Authorized Car Service Center market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
Authorized Car Service Centers is an umbrella term for businesses engaged in the servicing of one or all the serviceable systems of an Automobile. These can be OEM-specific outlets or Multi-brand outlets. The key growth drivers are the steady sales of Automobiles in various economies. Another driver is the customer awareness about the importance of genuine parts and consumables on the health of the Automobile. One of the challenges include the growing proliferation of unauthorized car service agencies.
Analysis by Auto Body Workshops
The Auto Body Workshops are segmented into Organized Multi-brand Service Providers (MSP) and OEM Authorized Workshops. The Authorized Car Service Center market report suggests that the MSPs are the more prolific of the two segments. This is because they can serve a larger customer base as they are capable of handling servicing of automobiles from various brands. The Auto Body Workshops market research claims that they can offer slightly more economical service costs owing to their streamlined procurement and economies of scale.
Analysis by Service
According to the service, the segments are Engine, Brakes, Transmission, Electrical, Suspension, Tires, Body, and Belts & Accessories. The lion’s portion of the Authorized Car Service Center market share is held among the Engine, Transmission, and Body repair segments. These are the aspects of a vehicle that are most frequently used and need service at fairly known intervals. The Authorized Car Service Center market size for the Electrical, Brakes, and Tires segment is likely to increase over the projected timeframe owing to the introduction of specialized equipment.
Analysis by Vehicle Age
The Vehicle Age has two main segments: Less than three years and More than three years. The Authorized Car Service Center market estimation of service demand for vehicles of age greater than three years is very bullish over the projected period. This is because certain Brake, Tire, and Belts replacements are due in cars when they finish their third year.
Analysis by Region
The Authorized Car Service Center market forecast for the North American market is very optimistic owing to the presence of almost all car makes and models in the region. Moreover, strict government norms on the use of genuine spares will likely lead to the proliferation of these businesses in the market. As a result of the emphasis on quality, the Authorized Car Service Center price trend is also expected to go in favor of the companies in this region.
Analysis by Leading Companies
The leading Authorized Car Service Center companies are Automovill Technologies Pvt. Ltd., 3M, BMW, Carmozo, Carnation, Carxpert Garage, Carz Care, Castrol, Groupe Renault, Honda Motor Co., Ltd, Hyundai Motor Company, Lansdowne Automobile, and Mahindra First Choice Services (MFCS). The companies in this fray are likely to expand their reach to demand centers that have either not yet been serviced or the demand far outruns the supply, thereby creating an optimum business opportunity. Other industries in this domain that are growing at a high CAGR include Service Robotics Market and Hybrid & Electric Car Market.
• Market Revenue Estimation and Forecast (2019 – 2026)
• Market Production Estimation and Forecast (2019 – 2026)
• Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
• Breakdown of Revenue by Segments (2019 – 2026)
• Breakdown of Production by Segments (2019 – 2026)
• Breakdown of Sales Volume by Segments (2019 – 2026)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
• Regional Analysis and Market Data Breakdown
By Auto Body Workshops Outlook ($Revenue and Unit Sales, 2019-2026)
• Organized Multi-brand Service Providers
• OEM Authorized Workshops
By Service Outlook ($Revenue and Unit Sales, 2019-2026)
• Belts & Accessories
By Vehicle Age Outlook ($Revenue and Unit Sales, 2019-2026)
• Less than 3 years
• More than 3 years
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
o New Zealand
• Latin America
• Middle East & Africa
o Saudi Arabia
• Automovill Technologies Pvt. Ltd
• Carxpert Garage
• Carz Care
• Groupe Renault
• Honda Motor Co. Ltd.
• Hyundai Motor Company
• Lansdowne Automobile
• Mahindra First Choice Servcies
• Meineke Car Care Centers, LLC.
• Midas International, LLC
• Mobil1 Car Care
• Mobivia Groupe
• Robert Bosch GmbH
• Suzuki Motor Corporation
• Tilden International Inc
• Toyota Motor Corporation
• TVS Automobile Solutions Private Limited
• Volkswagen AG