Market Overview

Global Automotive Repair and Maintenance Services Market 2018-2022| Need to Ensure Safety of Passengers to Drive Growth| Technavio

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Technavio
analysts forecast the global automotive repair and maintenance services
market to grow at a CAGR of nearly 6% during the forecast period,
according to their latest market research report.

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Technavio has published a new market research report on the global automotive repair and maintenance ...

Technavio has published a new market research report on the global automotive repair and maintenance services market from 2018-2022. (Graphic: Business Wire)

The rise in demand for electric vehicles is one of the major trends
being witnessed in the global
automotive repair and maintenance services market 2018-2022
. EVs
are vehicles that can be recharged from an external source of
electricity, such as the electricity stored in the rechargeable battery
packs drives or wall sockets. Since these vehicles work on electricity,
they help in reducing harmful air pollution, leading to better quality
of air and reducing health problems caused due to air pollution. Also,
if renewable energy is used to recharge the EV, it will lead to a
reduction of greenhouse gases. This is because the EV will be recharged
from the electricity generated from the solar plant instead of the power
grid. Therefore, EVs help in reducing the harmful impact on the
environment. Hence, they are finding increased adoption among customers.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global automotive repair and maintenance services
market is the need to ensure the safety of passengers:

Global automotive repair and maintenance
services market: Need to ensure the safety of passengers

The owner of a vehicle must always ensure that the vehicle is roadworthy
and safe. A well-maintained vehicle reduces the possibility of crashes
and delays due to unscheduled downtime. A driver may drive carefully,
but he/she is not safe until the vehicle is in good condition. Vehicles
not serviced regularly are more prone to meet accidents because of
neglection of service of several components.

According to a senior analyst at Technavio for research on automotive
components, "Poor maintenance of the vehicle can contribute to
fatalities and accidents on roads. Thus, customers will need repair and
maintenance services for their vehicle on a regular basis. This will
lead to the growth of the global automotive repair and maintenance
services market during the forecast period."

Global automotive repair and maintenance
services market: Segmentation analysis

The global automotive repair and maintenance services market research
report provide market segmentation by region (the Americas, EMEA, and
APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

APAC led the market in 2017 with a market share of nearly 46%. This
region is expected to dominate the market through 2022, with an increase
in its market share.

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Technavio's sample reports are free of charge and contain multiple
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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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