Global Authorized Car Service Center Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.01% during the forecast period that is 2017-2025. Authorized car service centers provide OEM service to the vehicles of various companies. Each company has their own service channels, and they are increasing them at a greater rate, in order to cope up with the increasing vehicle sales.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global authorized car service center market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global authorized car service center market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.   

Market Dynamics

Significant growth in the number of passenger cars across the globe will primarily drive the global authorized car service center market over the projected period. Various workshops are offering services at competitive rates along with quality additions will attract a wide range of consumers across the globe. The consumers might service their vehicles in the certified workstations, which are offering various services on annual maintenance plans, along with providing discounts on preventive and predictive maintenance plans, which is further resulting in increased demand for authorized car service centers.

A growing trend in the vehicle service demand is witnessed, primarily owing to the continuously increasing needs to improve the quality of passenger cars, from key manufacturers. Improving associations between car manufacturers and as well as service providers will make the easier availability of all the spare parts, which further helps in faster servicing, thereby gaining a significant traction among the customers.

Technological advancements, coupled with rising vehicle complexities, along with labor rates and technical expertise requirement will increase the repair and maintenance costs for the passenger cars across the globe, which will act as a significant restraint to the growth of global authorized car service center market till the end of the forecast period.

By Service Type: Individual components segment of the global authorized car service center market is projected to have the dominant market share over the projected period. Among all the individual components, the service of electrical components in the automobiles might witness a robust growth over forecast time frame. This will be attributed to continuous technological improvements, in order to enhance the efficiency of passenger cars. Growing electrical components in the passenger cars, in order to reduce the vehicle’s overall weight, along with the rising need to control carbon emissions from the vehicles will further drive the individual components market growth till 2025.

Regional Analysis

The global authorized car service center market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe - UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Europe authorized car service center market is anticipated to dominate the global market until 2025. This can be attributed by the presence of a large number of market participants, coupled with increased sales of new passenger cars. According to OICA, the passenger car sales in the Europe region reached 17.94 million vehicles in 2017, from 17.3 vehicles in 2016. A similar trend is predicted to be seen in this region, which will provide significant growth opportunities for the growth of Europe authorized car service center market.

Global Authorized Car Service Center Market Size, Share Analysis By Region 2017

Asia Pacific authorized car service center market is anticipated to grow at a higher CAGR, owing to the rising disposable income of consumers across various nations, which will further result in the sales of more passenger cars. This will, in turn, provide a significant growth opportunity for the Asia Pacific authorized car service center market over the projected period. The passenger car sales in China reached 24.96 million vehicles in 2017, grew from 24.4 million vehicles in 2016, according to OICA.

Global Authorized Car Service Center Market Study Objective

1. To forecast the market size of authorized car service center market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of authorized car service center market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of authorized car service center market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of authorized car service center market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the authorized car service center market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Key Players Analysis

Some of the key players in the global authorized car service center market include 3M, Bosch, Volkswagen, Renault, Hyundai, BMW, Mahindra First Choice Services, Honda, MyTVS, Castrol, Carz Care, Carnation Auto, and Mobil1 among several others. Key market participants are focusing more on developing various contracts with the automotive companies to improve their businesses. Various customers are expecting service excellence from the service providers, along with added value benefits such as the providence of warranty on all kinds of spare parts and also free lubricant analysis as a part of service. This will further help them to maintain their business loyalty among customers.

Global Authorized Car Service Center Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.