Online Automotive Repair And Maintenance Service Market to be dominated by Passenger cars through 2027
Rise in focus on vehicle safety and increase in on-road vehicles are expected to drive the global online automotive repair and maintenance service market growth in the forecast period, 2023-2027.
According to TechSci Research report, “Online Automotive Repair And Maintenance Service Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global online automotive repair and maintenance service market is anticipated to witness steady growth in the forecast period, 2023-2027. Automotive repair and maintenance services are required to boost the vehicle's performance and reliability for a longer duration. These services are offered to return vehicles' vehicle performance and average service life by replacing automobile consumable products such as batteries, air filters, interior parts, paints, tires, oil filters, starter & alternators, batteries, and other parts. With the help of online platforms, market players can open local centers and provide specialized services to consumers, which would boost the entry for both local and international market players.
However, the lack of awareness about the benefits of repair and maintenance services in developing countries and the high costs associated with services may restrain the global online automotive repair and maintenance service market growth in the forecast period.
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The global online automotive repair and maintenance service market is divided into service area, vehicle type, platform, regional distribution, and company, and regional distribution.
Based on the service area, the global online automotive repair and maintenance service market is divided into automotive mechanical and electrical parts, automotive body parts, tire, paint, interior parts, glass, other automotive repair and maintenance. Automotive body parts, tire, paint, interior parts, glass segment, is expected to dominate the market throughout the forecast period. Increasing digitalization and the flourishing e-commerce industry support the demand for online automotive repair and maintenance services across the globe.
Based on the vehicle type, the global online automotive repair and maintenance service market is divided into two-wheeler, passenger car, LCV, and M&HCV. Passenger cars are expected to hold the largest market share in the forecast period. Passenger cars are considered the most common mode of traveling in many economies. The emergence of used car selling platforms and online car selling platforms has increased passenger cars' sales worldwide. Online automotive repair and maintenance players are providing services dedicated to repairing and maintaining passenger cars to capture the largest market share.
Based on the platform, the global online automotive repair and maintenance service market is divided into the website, app, and both. Mobile application is expected to witness the fastest incremental growth in the forecast period. Consumers prefer to use mobile applications as they are easy and convenient to access online services. Availability of flexible payment gateways and lucrative discounts and offers on purchasing the services offered by market players are expected to support the global online automotive repair and maintenance service market growth through the forecast period.
Based on the regional analysis, the North American region is expected to hold the largest market share, followed closely by Europe and Asia-pacific regions through the forecast period. The presence of major market players in the region and the well-developed technological infrastructure are boosting the growth of the global online automotive repair and maintenance service market in the region.
Major market players operating in the global online automotive repair and maintenance service market are:
- Targetone Innovations Pvt. Ltd. (Go Mechanic)
- AAMCO Transmissions Inc.
- CARSTAR Franchising, Inc.
- Tuffy Associates Corporation (Tuffy Tire & Auto Service Center)
- Christian Brothers Automotive
- Maaco Franchising, Inc.
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“The increase in average miles driven by automobiles, the growing purchasing capacity of consumers, and stringent vehicle safety norms and regulations imposed by leading authorities of several economies are expected to fuel the market growth. The surge in sales of used cars and the emergence of numerous online vehicles selling platforms are creating growth opportunities for the global online automotive repair and maintenance service market in the forecast period. The rise in the market players, use of advanced technologies and equipment in providing services, and proliferation of services in developing countries are expected to propel the global online automotive repair and maintenance service market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Online Automotive Repair And Maintenance Service Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Service Area (Automotive Mechanical and Electrical Parts, Automotive Body Parts, Tire, Paint, Interior Parts, Glass, Other Automotive Repair and Maintenance), By Vehicle Type (Two-Wheeler, Passenger Car, LCV, and M&HCV), By Platform (Website, App, Both), and By Region”, has evaluated the future growth potential of global online automotive repair and maintenance service and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global online automotive repair and maintenance service market.
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