Authorized Car Service Centre Market Trends, Industry | 2031
Authorized Car Service Centre Market Trends, Industry | 2031
Segments - Authorized Car Service Center Market by Auto Body Workshop (Organized Multi-brand Service Providers and OEM Authorized Workshops), Services (Transmission, Engine, Suspension, Brakes, Body, Tire, Electrical, and Belts & Accessories), Vehicle Age (Less than 3 years and More than 3 years), and Regions (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AL-4585
| 4.2 Rating
| 61 Reviews
| 192 Pages
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Report Description
The global authorized car service center market was valued at USD 237.40 Billion in 2022 and is projected to reach a value of USD 390.98 Billion by 2031, expanding at a CAGR of 5.7% between 2023 and 2031. The market is attributed to rising concern about counterfeit spare parts and the growing implementation of advanced fuel systems, ignition, and in-car entertainment systems.
Authorized vehicle service centers are independent or manufacturers' brand outlets that handle a variety of repair and maintenance tasks for a particular automaker. These service shops are gaining popularity among vehicle owners, due to increased worries about fake spare parts and the adoption of modern fuel, ignition, and in-car entertainment systems, which force customers to choose approved auto repair. The demand for passenger vehicles in the European Union (EU) increased by 14.5 percent and reached 1.2 million units overall in September 2019, according to the European Automobile Manufacturers Association (ACEA). These service providers collaborate closely with their franchisees to guarantee that their mechanics have the skills necessary to perform great auto repair across a variety of brands and diagnostic equipment while upholding strict quality standards.
Authorized Car Service Center Market Trends, Drivers, Restraints, and Opportunities
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Increasing demand for passenger cars and aftersales service is fueling authorized car service center market.
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Strict rules & regulations made by the government for fuel economy and to reduce carbon emission by the government is expected to drive the demand for authorized car service center in the coming years.
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Continuous innovation is increasing the costs, which in turn, is expected to hamper the market growth.
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Increasing adoption of innovative technologies in smart automobiles, such as the Internet of Things (IoT) and Advanced Driver Assistance Systems (ADAS) is expected to create lucrative opportunities for the market players.
Scope of Authorized Car Service Center Market Report
The report on authorized car service center market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Authorized Car Service Center Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Auto Body Workshop (Organized Multi-brand Service Providers and OEM Authorized Workshops), Services (Transmission, Engine, Suspension, Brakes, Body, Tire, Electrical, and Belts & Accessories), and Vehicle Age (Less than 3 years and more than 3 years) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
3M Car Care, Automovill Technologies Pvt. Ltd., Bayerische Motoren Werke AG, Carmozo, Volkswagen, Carxpert Garage, Groupe Renault, Honda Motor Co. Ltd., Lansdowne Automobile, and The Toyota Motor Corporation. |
Authorized Car Service Center Market Segment Insights
The authorized service workshop segment is projected to hold significant market share
In terms of auto body workshop, the authorized car service center market can be bifurcated into OEM authorized workshops and organized multi-brand service providers. The original equipment manufacturer (OEM) authorized service centers segment is expected to dominate the global market. Most car dealerships have their own authorized service centers, and there are also independent OEM authorized service centers that are not affiliated with any car dealerships but provide services to a certain manufacturer's vehicles.
The tire segment is projected to hold major market share during forecast period
Based on services, the market can be fragmented into transmission, engine, suspension, brakes, body, tire, electrical, and belts & accessories. The tire segment is estimated to grow at a rapid pace during the forecast period. The need for automobile repair and services has also increased as a result of heavy traffic congestion, bad roads, and numerous accidents. The body segment is expected to hold significant market share, due to the increasing number of accidents and the surge in demand for car repair.
The more than 3 years segment is expected to expand at a rapid pace
On the basis of vehicle age, the market can be segregated into less than 3 years and more than 3 years. The more than three years segment is estimated to expand at significant rate during the forecast period, due to the sheer inexpensive cost of their fast and efficient services, independent repair shops are preferred in India for routine and basic vehicle servicing. The need for car repair and services in the country has increased as a result of increased traffic congestion, substandard roadways, and frequent accidents.
North America is constituted a significant share of the market
In terms of regions, the global authorized car service center market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market during the forecast period, due to the presence of major companies and increasing number of passenger cars in the region. Further, strict regulations made by the government for regulating carbon emissions is expected to increase the regional market.
Segments
Auto Body Workshop
- OEM Authorized Workshops
- Organized Multi-brand Service Providers
Service
- Engine
- Transmission
- Brakes
- Suspension
- Electrical
- Body
- Tire
- Belts & Accessories
Vehicle Age
- Less than 3 years
- More than 3 years
Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
- 3M Car Care
- Automovill Technologies Pvt. Ltd.
- Bayerische Motoren Werke AG
- Carmozo
- Volkswagen
- Carxpert Garage
- Groupe Renault
- Honda Motor Co. Ltd.
- Lansdowne Automobile
- The Toyota Motor Corporation
Competitive Landscape
Key players in the authorized car service center market include 3M Car Care, Automovill Technologies Pvt. Ltd., Bayerische Motoren Werke AG, Carmozo, Volkswagen, Carxpert Garage, Groupe Renault, Honda Motor Co. Ltd., Lansdowne Automobile, and The Toyota Motor Corporation. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Authorized Car Service Center Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Authorized Car Service Center Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Authorized Car Service Center Market - Supply Chain
4.5. Global Authorized Car Service Center Market Forecast
4.5.1. Authorized Car Service Center Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Authorized Car Service Center Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Authorized Car Service Center Market Absolute $ Opportunity
5. Global Authorized Car Service Center Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Authorized Car Service Center Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Authorized Car Service Center Demand Share Forecast, 2019-2026
6. North America Authorized Car Service Center Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Authorized Car Service Center Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Authorized Car Service Center Demand Share Forecast, 2019-2026
7. Latin America Authorized Car Service Center Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Authorized Car Service Center Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Authorized Car Service Center Demand Share Forecast, 2019-2026
8. Europe Authorized Car Service Center Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Authorized Car Service Center Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Authorized Car Service Center Demand Share Forecast, 2019-2026
9. Asia Pacific Authorized Car Service Center Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Authorized Car Service Center Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Authorized Car Service Center Demand Share Forecast, 2019-2026
10. Middle East & Africa Authorized Car Service Center Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Authorized Car Service Center Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Authorized Car Service Center Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Authorized Car Service Center Market: Market Share Analysis
11.2. Authorized Car Service Center Distributors and Customers
11.3. Authorized Car Service Center Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. 3M Car Care
11.4.2. Automovill Technologies Pvt. Ltd.
11.4.3. Bayerische Motoren Werke AG
11.4.4. Carmozo
11.4.5. Volkswagen
11.4.6. Carxpert Garage
11.4.7. Groupe Renault
11.4.8. Honda Moto
Methodology
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