Authorized Car Service Centre Market

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) Forecasts 2022-2030

  • Report ID: AL-4585
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 192
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The global authorized car service center market was valued at USD 224.6 billion in 2021 and is projected to reach a value of USD 350.7 billion by 2030, expanding at a CAGR of 5.7% between 2022 and 2030. 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 Car Service Center Market by summary

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.

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing demand for passenger cars and aftersales service is fueling authorized car service center market.
  • 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.
  • Continuous innovation is increasing the costs, which in turn, is expected to hamper the market growth.
  • 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 the 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.

Attributes

Details

Report Title

Authorized Car Service Centre Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

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)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

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.

Authorized Car Service Center Market by Services

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.

Authorized Car Service Center Market by Regions

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.

Authorized Car Service Center Market by Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Authorized Car Service Centre 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 Centre 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 Centre Market - Supply Chain
  4.5. Global Authorized Car Service Centre Market Forecast
     4.5.1. Authorized Car Service Centre Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Authorized Car Service Centre Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Authorized Car Service Centre Market Absolute $ Opportunity
5. Global Authorized Car Service Centre 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 Centre 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 Centre Demand Share Forecast, 2019-2026
6. North America Authorized Car Service Centre 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 Centre 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 Centre Demand Share Forecast, 2019-2026
7. Latin America Authorized Car Service Centre 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 Centre 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 Centre Demand Share Forecast, 2019-2026
8. Europe Authorized Car Service Centre 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 Centre 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 Centre Demand Share Forecast, 2019-2026
9. Asia Pacific Authorized Car Service Centre 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 Centre 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 Centre Demand Share Forecast, 2019-2026
10. Middle East & Africa Authorized Car Service Centre 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 Centre 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 Centre Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Authorized Car Service Centre Market: Market Share Analysis
  11.2. Authorized Car Service Centre Distributors and Customers
  11.3. Authorized Car Service Centre 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

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

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.

Authorized Car Service Center Market by Key Players

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