DUBLIN–(Small business WIRE)–The “Automotive Mend and Maintenance Providers – International Sector Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s providing.
Amid the COVID-19 disaster, the international market for Automotive Repair and Maintenance Products and services estimated at US$565 Billion in the 12 months 2020, is projected to access a revised dimension of US$678.4 Billion by 2026, expanding at a CAGR of 3.1% in excess of the evaluation time period.
Tires, a single of the segments analyzed in the report, is projected to increase at a 3.6% CAGR to arrive at US$211.1 Billion by the conclusion of the analysis period. Following a complete examination of the organization implications of the pandemic and its induced financial crisis, progress in the Dress in & Tear Pieces phase is readjusted to a revised 2.7% CAGR for the up coming 7-yr time period. This section currently accounts for a 23.1% share of the world Automotive Fix and Routine maintenance Products and services marketplace.
The U.S. Marketplace is Approximated at $93.6 Billion in 2021, Even though China is Forecast to Arrive at $154 Billion by 2026
The Automotive Fix and Servicing Expert services sector in the U.S. is estimated at US$93.6 Billion in the year 2021. The region at present accounts for a 16.33% share in the world market place. China, the globe second largest economic system, is forecast to access an approximated current market dimension of US$154 Billion in the calendar year 2026 trailing a CAGR of 4% as a result of the analysis period. Amid the other noteworthy geographic markets are Japan and Canada, each and every forecast to expand at 2.2% and 2.7% respectively about the analysis time period.
Within Europe, Germany is forecast to increase at roughly 2.4% CAGR though Relaxation of European market (as defined in the review) will get to US$158.9 Billion by the conclude of the examination time period. Asia commands a sizable presence in the current market globally, supported by the powerful existence of several automotive hubs. Large passenger car use together with elevated output of these motor vehicles in the area are possible to further augment development in the industry. Absence of good roadways and infrastructure deficit in emerging nations around the world in the location like India will gas development in tire, chassis and suspension maintenance. North The us will remain a crucial marketplace owing to rising auto gross sales merged with demanding US regulations with regards to car or truck servicing and upkeep.
Decide on Competition (Complete 84 Showcased) –
- Arnold Clark Vehicles Ltd.
- Asbury Automotive Group, Inc.
- Ashland Automotive Inc.
- Belron Intercontinental Ltd.
- Bridgestone Company
- CARMAX Autocare Center
- Pushed Brands, Inc.
- Firestone Finish Car Care
- Halfords Team plc
- Jiffy Lube Global, Inc.
- Monro, Inc.
- Sumitomo Corporation
- The Goodyear Tire & Rubber Organization
Essential Subjects Included:
II. Government SUMMARY
1. Market OVERVIEW
- Automotive Repair service and Routine maintenance Services – World wide Essential Competition Percentage Industry Share in 2022 (E)
- Competitive Sector Existence – Strong/Active/Specialized niche/Trivial for Players Around the globe in 2022 (E)
- Impact of COVID-19 and a Looming Global Economic downturn
- COVID-19 Leaves the Environment in Shambles & Industries and Markets Upended: Globe Financial Advancement Projections (Genuine GDP, Once-a-year % Transform) for 2019E to 2022F
- Automobile Product sales Appear Down Crashing As Unemployment Spikes to Historic Highs
- A Big Blow to Consumerism, Mounting Levels of Unemployment Threatens to Shrink the World wide Center Course Population: Unemployment in the U.S. (In Million)
- Affect on International Automotive Aftermarket: The 2020 Difficulties
- Structural Shifts in the Automotive Aftermarket Marketplace
- Pandemic Effect on Maintenance & Maintenance Providers Marketplace
- Repair Stores and Dealership Provider Departments Adjust Techniques amid the Pandemic
- An Introduction to Automotive Maintenance & Maintenance Solutions
- Companies Supplied Underneath Automotive Mend
- Solutions Provided Beneath Automotive Routine maintenance
- Critique of Pick out Solution Segments of Pieces
- World Sector Potential customers & Outlook
- Globe Automotive Fix and Maintenance Products and services Current market by Components (2020 & 2027): Proportion Breakdown of Revenues for Tires, Wear & Tear Pieces, Collision Overall body, Batteries, and Other Elements
- Earth Automotive Mend and Routine maintenance Providers Sector by Software (2020 & 2027): Share Breakdown of Revenues for Passenger Cars, and Industrial Vehicles
- Key Trends Affecting the Automotive Mend and Servicing Providers Current market
- Marketplace Restraints
- Modern Market Action
- Regional Examination
- Globe Automotive Maintenance and Upkeep Services Current market by Area (2020 & 2027): Proportion Breakdown of Revenues for Produced and Building Areas
- World wide Automotive Fix and Upkeep Companies Marketplace: Geographic Areas Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin The us, Middle East, Africa, Canada, United states of america, Europe, and Japan
2. Focus ON Find Players
3. Marketplace Tendencies & Motorists
- Substantial Car Fleet & Climbing Passenger Auto Density Offer you Probable for Mend & Servicing Providers Sector
- International Passenger Car & Industrial Auto Populace (In 000 Models) for the A long time 2017 and 2020
- Motorization Charge for Pick out International locations: 2019
- Automotive Restore & Servicing Providers Undergoes Modifications on Numerous Fronts
- Electrical Motor vehicles & Autonomous Cars and trucks Established to Impression Repair service & Servicing Tendencies in Potential
- Escalating Recognition About Auto Upkeep Yields Positive Results
- Sustained Emphasis on DIFM Solutions Widens Sector Chances
4. Worldwide Market place Perspective
III. Market place Analysis
For more info about this report stop by https://www.researchandmarkets.com/r/q5h70j