DUBLIN, April 05, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Automotive Repair and Maintenance Services market - By Type, Application, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report to their offering.
The global automotive repair and maintenance services is expected to grow at a double-digit CAGR during 2016-2022 of which global Automotive coating is expected to grow at 4.9% CAGR.
The United States dominates the world automotive repair & maintenance services market gaining momentum from 2012 onwards. Oil & Lubricants is the fastest growing segment in US followed by Body Painting & Repairing.
Asia-Pacific is expected to be the fastest growing regional market for automotive repair & maintenance services, the main countries being China, India and Japan. Middle East & Africa are projected to be the largest opportunity in terms of revenue of this service market.
The automotive repair & maintenance service is mainly driven by increasing vehicle production, increasing safety and security needs by proper maintenance, higher customer awareness about vehicle upkeep and periodic maintenance mandated by governments. Aging of vehicles and the declining trend of replacement of vehicles also tilt the balance in favour of this service market. The main constraint of this industry is technological challenges for highly expensive cars like hybrid design which require additionally trained workers.
Major companies in this service market include Bridgestone, Jiffy Lube, Meineke (a division of Driven Brands), Safelite Group, AAMCO Transmissions, Asbury Automotive Group, CarMax Incorporated, CARSTAR Incorporated, Discount Tire, Goodyear Tire & Rubber, Midas Incorporated, Sumitomo Corporation, Monro Muffler Brake and others.
Key Topics Covered:
1. Research Methodology
2. Market Overview
- Value chain analysis
- Porter's 5 Forces
3. Market Dynamics
4. Global Automotive Repair and Maintenance Services market Segmentation, Forecasts and Trends - by Revenue
5. By Type
- Maintenance Services
- Repair Services
6. By Application
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
7. By Region
8. Vendor Market Share Analysis
9. Company Profiles
- Jiffy Lubes International Inc.
- Asbury Automotive Group Inc.
- Sumitomo Corporation
- Belron International Ltd.
- Driven Brands Inc.
- Goodyear Tire & Rubber
- Firestone Complete Auto Care
- Monro Muffler Brake Inc.
- Ashland Automotive
- Carmax Autocare Center
10. Industry Structure
- Industry M&As, Consolidations
- Investment Opportunities
- Global Automotive Repair and Maintenance Services Market- Road Ahead
For more information about this report visit http://www.researchandmarkets.com/research/hksv6f/global_automotive
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-automotive-repair-and-maintenance-services-market-2016-2017--2022---by-type-application-regions---market-size-demand-forecasts-industry-trends-and-updates---research-and-markets-300434928.html
SOURCE Research and Markets