Automotive repair and maintenance services refer to the repair and maintenance activities undertaken to keep vehicles in good working condition. These services include maintenance services such as oil change, brake inspection, tire repair and replacement, air conditioning servicing, car wash and detailing as well as repair services such as engine repair, transmission repair and electrical systems repair. The demand for automotive repair and maintenance services is driven by the need to enhance vehicle safety and performance and extend vehicle life. The increasing vehicle fleet size across the world owing to rising vehicle sales is estimated to drive the growth of the global automotive repair and maintenance services market during the forecast period.

Key Takeaways

Key players operating in the automotive repair and maintenance services are Firestone Complete Auto Care, Ashland Automotive, Inc., Driven Brands, Inc., Carmax Autocare Center, Sumitomo Corporation, Monro Muffler Brake, Inc., Belron International Ltd., Goodyear Tire and Rubber Co., Jiffy Lube International Inc., MyTVS Accessories, Safelite Group, Sun Auto Service, USA automotive, Wrench, Inc.

Global Automotive Repair and Maintenance Services Market is estimated to be valued at US$ 1360.5 Bn by 2030.

Key opportunities in the Automotive Repair And Maintenance Services Market Trends include expansion into newer markets through strategic partnerships and acquisitions. Furthermore, advancements in predictive maintenance enabled by technologies such as AI, big data and IoT presents lucrative growth opportunities. Diagnostics technologies enabled by AI and IoT allow for remote and predictive monitoring of vehicle health, enabling predictive maintenance servicing.

The increasing availability of mobile services, subscription-based service models and do-it-yourself repair options are some of the technological advancements in the market contributing to its growth. Advances in automotive technology have led OEMs to offer subscriptions for vehicle repairs and maintenance, allowing customers to avail scheduled preventive maintenance and repairs at discounted rates.

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