Authorized Car Service Center Market Growth Trends and Future Opportunities By 2025

Authorized Car Service Center Market Growth Trends and Future Opportunities By 2025

The size of authorized car service center market was registered at 200 billion in the year 2018 and is anticipated to cross 300 billion by 2025. Between the period 2019-2025, the authorized car service center industry is expected to register a CAGR of 4.4%, as per the research by Global Market Insights Inc.

Surging passenger vehicle demand and consistent regulatory efforts to facilitate progress in the auto industry will fuel authorized car service center market trends. Major investments by auto manufacturers to broaden their manufacturing scope are driving demand for car servicing facilities.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2701

Global authorized car service center market from the organized multi-brand service provider workshop segment is expected to grow at the fastest pace over the predicted timeline given the superior vehicle repair services for myriad auto brands offered by key industry players at economical price points.

Major multi-brand service companies such as Mahindra, Bosch, TVS Automobile Solutions and more are shifting focus towards expanding their service departments and offering lucrative servicing packages to car fleet operators.

Owing to the robust demand for car repairs associated with scratches and dents in the current scenario, the car body services application segment is set to take a leading position in the overall authorized car service center market share.

The engine service sector, on the other hand, is anticipated to account for more than 12% of the overall industry share by 2025, as a result of strong resistance in high pressure and high temperature applications. Furthermore, turbochargers fitted on engines require adequate maintenance in order to ensure efficient engine performance by regulating and enhancing exhaust gas flow, which is likely to support segmental market growth.

Due to the need for periodic upkeep of such vehicles for proper functioning and compliance with strict regulatory standards, vehicles aged over 3 years are poised to hold a significant share of the overall authorized car service center market in 2025.

Routine and preventive servicing is paramount in older vehicles in order to maintain their resale value and prevent unexpected breakdowns. This is a key factor leading to higher demand for authorized OEMs as well as independent garages over the forecast spell.

Given the increasing vehicle sales in emerging nations like China, India and Australia, the APAC authorized car service center market is projected to show the highest growth rate over the estimated timeframe, accelerating demand for auto repair and servicing facilities. For example, as per the Australian Automotive Aftermarket Association's (AAAA) 2017 data, the country recorded the highest car ownership levels in the region, with nearly 764 cars per 1,000 individuals. Another significant contributor to authorized car service center industry expansion is the high traffic density and automobile congestion culminating in the degradation of car parts, leading to an increase in repair service demand.

Request for a Customization of this research report @ https://www.gminsights.com/roc/2701

Partial Chapter of the Table of Content

Chapter 4 Authorized Car Service Center Market, By Autobody Shop

4.1 Key trends, by autobody shop

4.2 OEM authorized workshops

4.2.1 Market estimates and forecast, 2014 – 2025

4.3 Organized multi-brand service providers

4.3.1 Market estimates and forecast, 2014 – 2025

Chapter 5 Authorized Car Service Center Market, By Services

5.1 Key trends, by services

5.2 Engine

5.2.1 Market estimates and forecast, 2014 – 2025

5.3 Transmission

5.3.1 Market estimates and forecast, 2014 – 2025

5.4 Brakes

5.4.1 Market estimates and forecast, 2014 – 2025

5.5 Suspension

5.5.1 Market estimates and forecast, 2014 – 2025

5.6 Electrical

5.6.1 Market estimates and forecast, 2014 – 2025

5.7 Body

5.7.1 Market estimates and forecast, 2014 – 2025

5.8 Tires

5.8.1 Market estimates and forecast, 2014 – 2025

5.9 Belts & accessories

5.9.1 Market estimates and forecast, 2014 – 2025

Chapter 6 Authorized Car Service Center Industry, By Vehicle Age

6.1 Key trends, by vehicle age

6.2 Less than three years

6.2.1 Market estimates and forecast, 2014 – 2025

6.3 More than three years

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/authorized-car-service-center-market