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The US Automotive Service & Repair Industry is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), Service Type (Mechanical, Exterior and Structural, and Electrical and Electronics), and Equipment Type (Tires, Seats, Batteries, and Other Equipment Types). The report offers market size and forecasts for the United States Automotive Service Market in value (USD Billion) for all the above segments.
In the fourth quarter of 2023, there were nearly ******* auto repair and maintenance centers in the U.S., a *** percent increase from the previous year. Between the fourth quarter of 2010 and 2023, the industry added nearly ****** establishments. Automotive repair The number of vehicles in operation in the United States has mostly risen and the most recent estimates suggest that the average age of vehicles on U.S. roads is increasing every year. These trends indicate that the automotive repair industry has room for growth.U.S. automotive repair sector forecasts There are many sectors in the U.S. automotive repair industry. Routine services such as oil changes, tire repair, and air conditioning, as well as non-routine services such as rust-proofing and exterior painting are all considered part of the repair industry. Forecasts indicate that body, paint, and interior repair revenues could grow in recent years. Other sectors are also projected to grow over time as well.
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Automotive Repair & Maintenance Services Market was valued at USD 527 billion in 2020 and projected to grow at 3.3% CAGR during the forecast period.
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The Automotive Repair And Maintenance Service Market report segments the industry into By Vehicle Type (Passenger Cars, Commercial Vehicles, and more.), By Service Type (Mechanical (Tires, Lubricants, etc.), and more.), By Component Type (Tires, Seats, and more.), By Service Provider (OEM Authorized Service Centers, and more.), and By Geography (North America, Europe, and more.).
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Uncover Market Research Intellect's latest 2021-2031 And Automotive Repair And Maintenance Services Market Report, valued at USD 550 billion in 2024, expected to rise to USD 750 billion by 2033 at a CAGR of 4.5% from 2026 to 2033.
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On-premises: On-premises auto repair software offers localized data storage and control, ensuring enhanced security and customization options. This deployment model is suitable for businesses that prioritize data privacy and control.
Cloud-based: Cloud-based auto repair software leverages remote servers, offering remote access, automatic updates, and scalability. This cloud-based solution is ideal for businesses seeking flexibility, cost-efficiency, and seamless collaboration.
Hybrid: Hybrid auto repair software combines elements of on-premises and cloud-based models, providing businesses with the flexibility to manage critical data on-premises while leveraging cloud services for additional functionality.
Recent developments include: In February 2022, Mitchell International, Inc. announced the debut of Mitchell Cloud Estimating, a cloud-based system that enables collision repair companies to develop and manage repair estimates remotely., In March 2021, Solera Holdings, Inc. bought Omnix Software, a provider of automobile accident estimation software in the Asia-Pacific area, in order to broaden its product offerings and improve its position in the worldwide auto repair software industry.. Key drivers for this market are: Increasing adoption of connected vehicles Growing demand for predictive maintenance solutions. Potential restraints include: Data security and privacy concerns Lack of skilled technicians. Notable trends are: Integration of virtual reality and augmented reality for training and remote diagnostics Use of blockchain technology to enhance data security.
Automotive Repair And Maintenance Services Market Size 2025-2029
The automotive repair and maintenance services market size is forecast to increase by USD 154.1 billion, at a CAGR of 5.7% between 2024 and 2029.
The market is shaped by three key drivers and challenges. Firstly, the increasing emphasis on passenger safety is fueling market growth, as consumers prioritize regular vehicle inspections and maintenance to ensure the well-being of their families. Secondly, the surge in popularity of electric vehicles is creating new opportunities for service providers, as these vehicles require specialized expertise and equipment for repair and maintenance. However, the market also faces challenges, including the growing use of public transport and ride-sharing services, which may reduce the demand for personal vehicle maintenance. Additionally, the increasing complexity of modern vehicles poses a significant challenge, as repair and maintenance require advanced technical skills and knowledge. Companies in this market must adapt to these trends and challenges by investing in training and technology to meet evolving consumer needs and expectations.
What will be the Size of the Automotive Repair And Maintenance Services Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with ongoing dynamics shaping various sectors. From water pump replacement and axle repair to muffler replacement and shop equipment, the industry remains in a constant state of change. Rotor resurfacing, brake repair, and clutch repair are essential services that keep vehicles running smoothly. Synthetic blend oil, mass airflow sensors, and brake pad replacement are just a few examples of the advanced technologies integrated into modern vehicles. Mechanic certification, windshield repair, and online booking are innovations that enhance the customer experience. Electrical system repair, ball joint replacement, and engine tune-up are crucial services that ensure optimal vehicle performance.
Transmission fluid, alternator replacement, and catalytic converter repairs are essential for maintaining the longevity of a vehicle's powertrain. The industry's continuous evolution is also reflected in the emergence of specialized tools, such as OBD-II scanners and diagnostic scan tools. Preventative maintenance practices, like oil changes, air conditioning repair, and fluid flushes, are increasingly popular as vehicle owners seek to minimize repair costs and extend the life of their vehicles. Moreover, safety regulations continue to drive advancements in cooling system repair, motor oil, and exhaust system repair. The integration of sensor replacement, steering system repair, and suspension repair into routine maintenance schedules is transforming the industry's approach to vehicle upkeep.
In conclusion, the market is characterized by continuous dynamism, with a diverse range of services and technologies shaping its evolution. From water pump replacement to online booking, the industry remains focused on meeting the evolving needs of vehicle owners and ensuring optimal performance and safety.
How is this Automotive Repair And Maintenance Services Industry segmented?
The automotive repair and maintenance services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeICEElectricServiceTiresWear and tear partsCollision bodyBatteriesOthersVehicle TypePassenger vehicleCommercial vehicleChannelOnline booking and on-demand servicesWalk-in service centersSubscription-based maintenance plansGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaRest of World (ROW)
By Type Insights
The ice segment is estimated to witness significant growth during the forecast period.The market encompasses various offerings, including spring replacement, tire balancing, timing belt replacement, body repair, driveshaft repair, radiator repair, control arm replacement, appointment scheduling, tire rotation, adherence to safety regulations, cooling system repair, motor oil changes, automatic transmission service, exhaust pipe repair, paint repair, starter replacement, catalytic converter repair, ignition system repair, strut replacement, OBD-II scanner utilization, fuel system repair, wheel alignment, caliper replacement, suspension repair, sensor replacement, steering system repair, lift equipment usage, oil changes, air conditioning repair, warranty claims processing, engine diagnostics, fuel injector cleaning, oxygen sensor replacement, wheel bearing replacement, thermostat replacement, transmission service, differential fluid replacement,
The service departments of U.S. auto dealerships produced nearly **** billion U.S. dollars from customer mechanical sales in 2021. Total U.S. car dealership service labor sales amounted to around ***** billion U.S. dollars in that same year.
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The global automotive after-sales repair service market was valued at USD 939270 million in 2021 and is expected to reach a value of USD 1,501,060 million by 2029, at a CAGR of 5.9%. Rising vehicle ownership, increasing vehicle complexity, and the growing demand for preventive maintenance and repair services are key factors driving market growth. Additionally, the increasing adoption of electric vehicles is expected to drive demand for specialized repair services, as these vehicles require specialized knowledge and equipment. Key trends in the automotive after-sales repair service market include the growing popularity of online vehicle repair booking platforms, the rise of mobile mechanics, and the increasing adoption of telematics systems. These trends are making it easier and more convenient for consumers to access repair services, which is expected to drive market growth in the coming years. However, the market is also facing some challenges, such as the rising costs of parts and labor, the shortage of skilled mechanics, and the increasing complexity of vehicle systems. These challenges could hinder market growth in the future.
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US Car Wash Service Market is anticipated to grow at higher CAGR during to the increase in the product sales of vehicles with increasing disposal income across the US
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The Asia Pacific Automotive Collision Repair Market is projected to reach a value of USD 55.75 billion by 2033, exhibiting a CAGR of 3.6% during the forecast period (2023-2033). The growth of the market is attributed to the increasing vehicle population, rising number of road accidents, and growing demand for automotive repair services. China is expected to dominate the market, followed by Japan and India. Key drivers of the market include increasing urbanization, rising disposable income, and the growing popularity of online repair services. However, the market is restrained by factors such as high repair costs and the availability of counterfeit parts. The market is segmented based on vehicle type (light-duty vehicles and heavy-duty vehicles), product type (paints & coatings, consumables, and spare parts), and service channel (DIY, DIFM, and OE). The DIY segment is expected to witness significant growth due to the increasing popularity of online repair services. Key players in the market include 3M, Continental AG, Denso Corporation, FORVIA Faurecia, Honeywell International Inc, IAC Group, Magna International, Inc., Mitsuba Corp., Ochre Media Pvt Ltd., ODU GmbH & Co.KG, Robert Bosch GmbH, and Tenneco Inc. Recent developments include: In October 2022, Magna International Inc. and Guangdong Huatie-Tongda Express Train Systems Inc. (Huatie) entered into a joint venture agreement in China. The aim of the joint venture was to provide innovative seating solutions to automotive manufacturers. , In September 2022, Robert Bosch GmbH launched DAS 3000 (Driver Assistance Systems) calibration tool, an innovative solution designed to calibrate advanced driver assistance systems in vehicles, The DAS 3000 system is a part of Bosch’s broader range of workshop equipment aimed at supporting automotive repair and maintenance professionals. , In October 2021, 3M launched the world’s lightest performance spray gun in India used to spray metallic and solid colors on vehicles. The performance spray gun is versatile, efficient, and can deliver exceptional finishes with a wide range of coatings. The light-weight design of the product reduces the fatigue of the users and allows greater control and comfort. .
In 2023, the turnover of the repair of motor vehicles and motorcycles industry of Norway was about 31.29 billion Euros. Between 2021 and 2023, the turnover dropped by approximately 3.63 billion Euros.
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The global automotive e-tailing market is experiencing robust growth, projected to reach a substantial size driven by the increasing penetration of e-commerce, the rising adoption of smartphones and internet access, and the convenience offered by online shopping for automotive parts and accessories. The market's Compound Annual Growth Rate (CAGR) of 12% from 2019 to 2024 suggests a significant upward trajectory, indicating strong consumer preference for online channels. This growth is fueled by several factors, including the expanding availability of a wide range of products online, competitive pricing strategies employed by e-tailers, and improved logistics and delivery networks ensuring timely and reliable service. Market segmentation reveals key trends. The passenger car segment dominates the vehicle type category, reflecting the higher ownership rates of passenger vehicles globally. Within component types, electrical components and infotainment systems exhibit strong growth, aligned with the increasing sophistication and technological advancements in modern vehicles. OEMs and third-party vendors both contribute significantly to the market, demonstrating the diverse range of players involved in the supply chain. Geographically, North America and Asia Pacific are leading markets, propelled by high levels of internet and smartphone penetration, established e-commerce infrastructure, and a large consumer base. However, emerging markets in other regions show significant potential for future growth as e-commerce adoption accelerates. While challenges like concerns about product authenticity and the complexities of returning larger items exist, the overall market outlook remains positive, with continued growth anticipated throughout the forecast period (2025-2033). Recent developments include: In February 2021, CarParts.com Partnered with McDowell and Front Row Motorsports (FRM) CarParts.com partnered with Front Row Motorsports (FRM) and McDowell on several contests, sweepstakes, promotions, and other activities to get more involved in the spark engagement and sport., In February 2021, Advance Auto Parts Entered into an Innovative Partnership with NASCAR and Team Penske 2021. Advance Auto Parts entered into an innovative partnership with the National Association for Stock Car Auto Racing, LLC (NASCAR) and Team Penske. Throughout 2021, Advance Auto Parts will use its associate sponsorship of Ryan Blaney's No. 12 Ford to showcase NASCAR-sanctioned local short tracks across Canada and the U.S., In November 2021, Car parts retailer Advance Auto Parts rolled out Carquest by Advance, targeting the do-it-yourself approach to automotive repair and independent owners who get more operations and merchandising support from Advance. Carquest by Advance stores feature a selection of DIY auto parts and products from Advance, including DieHard batteries, and allows independent owners to tap into Advance's network of supplier partners and work with local suppliers to carry specific parts that meet their customers' needs., In December 2021, Alibaba Group Holding Ltd announced reorganizing its international and domestic (China) e-commerce businesses to become more agile and accelerate growth. The international digital commerce unit will house Alibaba's overseas consumer-facing and wholesale businesses, including AliExpress, Alibaba.com, and Lazada.. Key drivers for this market are: Rise in Vehicle Electrification. Potential restraints include: The Cost of Raw Materials Used in the Manufacturing of Switches is High. Notable trends are: The Infotainment and Multimedia Segment to Hold Major Share in the Market.
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According to Cognitive Market Research, the Global Automative Garage Equipment Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
The global automotive garage equipment market will expand significantly by XX% CAGR between 2024 and 2031.
Body Shop Equipment dominates the market and is anticipated for a healthy growth over the approaching years.
Compared to independent garages, the automotive OEM dealership segment is expected to grow faster during the forecast period.
The market's largest revenue share belongs to mobile kind. Equipment for garages designed to be easily moved or transported is called a mobile installation.
A significant portion of market share is made up of passenger cars. This is a result of their worldwide scope and is predicted to increase from 86.4 million to 86.8 million in 2023.
North America is the largest global garage equipment market shareholder and is estimated to grow at a CAGR of XX% over the forecast period.
Current Scenario: Automatic Garage Equipment of the Market
Driving Factors of Automatic Garage Equipment Market
The Garage Equipment market is primarily driven by an increase in car production and sales
The need for garage equipment is directly impacted by the expansion of the worldwide automotive industry. The market for contemporary tools and equipment used in automotive workshops and service facilities is driven by the growing number of vehicles on the road and the resulting demand for maintenance, repairs, and servicing.
According to OICA (International Organization of Motor Vehicle Manufacturers) , global motor vehicle production in 2022 was over 85 million units, up 6% from the previous year. An increase in car manufacturing corresponds directly to increased demand for garage equipment. (Source:https://www.acea.auto/figure/world-motor-vehicle-production/)
Some of the top automotive industry-related statistics include; US car manufacturing market was worth $104.1 billion in the US. Also, The Indian automotive sector contributed 7.1% to the overall GDP and 49% to the manufacturing GDP in 2021. Additionally, 105 billion items related to motor vehicles and parts were exported in 2021 from the US These were the second largest in exports.
According to a recent survey by published by the European Automobile Manufacturer Association the global car sales have increased by around 9% in the first three quarter of 2023.The Europe market witnessed sales growth of 20.4% from January to September in 2023
Rise in use of electric cars and vehicles (EVs)
The rise of electric cars (EVs) in the automobile business affects demand for specific garage equipment. The growth of EVs has led to the development of specialized equipment for battery servicing, charging infrastructure, and EV-specific diagnostics. In 2023, global electric vehicle (EV) sales climbed by 31% to 13.6 million units. Fully electric vehicles (BEVs) accounted for 9.5 million of total sales, with PHEVs making up the remainder ( predicted by Rho Motion)
Electric vehicles amounted to some 14 percent of global passenger car sales in 2022, which was a rise of around 5.3 percentage points year-over-year. Electric vehicle sales have rapidly increased since 2017, when they rose above one percent of the market, and have particularly accelerated since 2020.
(Source;https://www.statista.com/statistics/1371599/global-ev-market-share/)
The Asia-Pacific region was the leading market for battery-electric vehicles, propelled by the Chinese new energy vehicle market. Automakers worldwide will have to focus on clean fuel sources and sustainable supply chains. In 2020, Volkswagen started delivering its electric ID.4 model and consistently ranked among the best-selling EV brands. By 2022, the Volkswagen Group was the fourth leading EV automaker worldwide.
(Source:https://www.statista.com/topics/1010/electric-mobility/#topicOverview)
Increasing sales of pre-owned vehicles and emergence of autonomous vehicles are anticipated to drive the growth of the automotive garage equipment market
Pre-owned vehicles, commonly known as used cars, are those that have been previously owned and utilized by individuals or businesses before being made available for resale. Automotive garage equipment plays a crucial role in the pre-o...
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The Saudi Arabia Automotive Repair and Maintenance Services Market was valued at USD 1.62 Billion in 2024 and is expected to reach USD 2.47 Billion by 2030 with a CAGR of 7.28% during the forecast period.
Pages | 88 |
Market Size | 2024: USD 1.62 Billion |
Forecast Market Size | 2030: USD 2.47 Billion |
CAGR | 2025-2030: 7.28% |
Fastest Growing Segment | Maintenance |
Largest Market | Northern & Central |
Key Players | 1. Abdul Latif Jameel IPR Company Limited 2. Morni KSA 3. Ezhalha 4. E.A. Juffali & Brothers (Juffali Automotive Company) 5. Al Jazirah Vehicles Agencies Co. Ltd. 6. The Petromin Corporation 7. Aljomaih group (ACDelco Service Centers) 8. Haji Husein Alireza & Co. Ltd. 9. Mohamed Yousuf Naghi & Brothers Group 10. Aljabr Group |
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The size of the Automotive Diagnostic Scan Tools Market was valued at USD 30.11 Billion in 2024 and is projected to reach USD 43.03 Billion by 2033, with an expected CAGR of 5.23% during the forecast period. The Automotive Diagnostic Scan Tools Market are devices utilized by automotive technicians and mechanics to detect faults in a vehicle and monitor its various components' performance. Such tools connect with the onboard diagnostic (OBD) system of a vehicle to retrieve data for interpretation. Some of its features include real-time data reading, generation of fault codes, vehicle compatibility, and advanced analysis functions. Applications range from automotive repair shops and service centers to car manufacturers themselves, and these tools ensure greater accuracy and speed in repairs. Some of the major technologies used include OBD-II, CAN bus systems, and wireless diagnostic tools. Market impact: This market is considerably affected by improvements in automotive technology, including vehicle electrical systems and increased demand for electric and hybrid vehicles. The benefits include speedy diagnosis, minimizing vehicle downtime and improving the rate of repair. Leading factors driving this market growth would be the trend of connected vehicles wherein advanced diagnostic instruments are required in maintenance and repairs. The escalating demand for preventive maintenance and safe vehicles also drives the growing market, especially as consumers look at extending the useful life of the vehicle and its repair cost as well. Recent developments include: September 2021: Delphi Technologies expanded its diagnostic portfolio with an innovative, easy-to-use analytic tool providing workshops with an extensive suite of diagnostic interrogations, real-world data, and more. The previous Vehicle Communication Interface (VCI) tool will still be fully supported within the diagnostic range, offering workshop choice and flexibility in finding a diagnostic solution that meets their needs., June 2021: Renault Group, in partnership with Bosch Automotive Service Solutions, launched the next generation of vehicle diagnosis repair tools. The Alliance Diagnosis Tool (ADT) allows a direct connection "over the air" between repair workshops and vehicles before they arrive in the network. Artificial intelligence reduces repair operations' lead time and increases repair quality and productivity for dealers., February 2021 SGS acquired Autoscope/CTOK, a France-based company operating three vehicle inspection services (VIS) centers. This acquisition aims to consolidate SGS's market-leading position in vehicle inspection services in France and the acquisition of Groupe Moreau and CTA Gallet in 2020.. Notable trends are: Advanced developed technologies are driving the market growth.
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The global automotive homologation service market is projected to grow from $3.16 billion in 2025 to $4.63 billion by 2033, exhibiting a CAGR of 4.01% during the forecast period. Stringent government regulations regarding emissions and safety standards, coupled with the increasing adoption of electric vehicles, are driving the market growth. The rising demand for certification and testing services to ensure compliance with regulations is further fueling the market expansion. Key trends in the market include the increasing adoption of digital technologies for remote and virtual testing, the growing popularity of cloud-based platforms for data management and analysis, and the emergence of new technologies such as artificial intelligence and machine learning for automating the homologation process. The market is expected to witness significant growth in emerging economies, particularly in the Asia Pacific region, due to the rapidly expanding automotive industry and the growing awareness of vehicle safety and emissions standards. Market Overview The global automotive homologation service market is anticipated to grow from USD 7 billion in 2021 to USD 22 billion by 2027 at a CAGR of 17.5%. Automotive homologation services ensure that vehicles and components meet the safety, environmental, and performance standards of different countries. The increasing adoption of electric vehicles, stringent regulations, and the growing focus on vehicle safety are driving the market growth. Recent developments include: , Recent developments in the Automotive Homologation Service Market emphasize the growing need for compliance in an evolving regulatory landscape. Major players like SGS and Bureau Veritas have been advancing their service offerings to meet stringent environmental and safety standards, addressing the surge in electric and autonomous vehicle production. Partnerships and strategic alliances among companies such as Intertek and ICF are increasingly common, aimed at enhancing technical capabilities and expanding reach. In recent merger and acquisition news, Applus+ has successfully completed the acquisition of a smaller entity to fortify its market position and broaden its service portfolio, while Element Materials Technology continues to explore strategic opportunities to bolster its service capabilities. The market valuation of companies in this sector has seen significant growth due to rising demand for conformity assessments and regulatory compliance, especially within the electric vehicle segment. This upward trend is driving innovation and investment in services that ensure both safety and compliance in diverse automotive applications. Overall, the landscape is shifting toward increased collaboration and investment in technology to keep pace with regulatory changes and consumer expectations., Automotive Homologation Service Market Segmentation Insights. Key drivers for this market are: Increased electric vehicle regulations, Expansion in emerging markets; Growing demand for autonomous vehicles; Stringent environmental compliance standards; Rising need for safety certifications. Potential restraints include: regulatory compliance requirements, increasing vehicle safety standards; rapid technological advancements; globalization of automotive markets; growing electric vehicle sector.
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The authorized car service center market is projected to reach $198.17 billion by 2033, exhibiting a CAGR of 6.34% during the forecast period (2025-2033). Key factors driving the market growth include the increasing vehicle population, rising consumer awareness about vehicle maintenance, and technological advancements in the automotive industry. Manufacturer-authorized service centers hold a significant market share due to their exclusive access to original parts and trained technicians, ensuring optimal vehicle performance and warranty coverage. The market is segmented by vehicle types (passenger cars, commercial vehicles, SUVs, luxury cars), service types (routine maintenance, mechanical repairs, electrical repairs, bodywork and paintwork, tire services, diagnostic services), authorization level (manufacturer-authorized, independent authorized, independent non-authorized), ownership type (independent, franchise, chain), and region (North America, South America, Europe, Middle East & Africa, Asia Pacific). Regional variations in market growth are influenced by factors such as vehicle ownership rates, maintenance practices, and economic conditions. The global authorized car service center market is projected to reach a market size of USD 105.25 billion by 2027, expanding at a CAGR of 5.6% from 2021 to 2027. The increasing number of vehicles on the road, coupled with the growing demand for quality car servicing, is driving the market's expansion. Key drivers for this market are: Rising electric vehicle demand Increasing car ownership Growing demand for specialized services Technological advancements Expanding aftermarket services. Potential restraints include: Technological advancements, rising demand for transparency; increasing vehicle complexity; growing focus on customer service; and increased government regulations..
In 2021, AutoNation generated some 25.8 billion U.S. dollars in revenue and was ranked as the largest automotive retail and services company in the United States. Penske and Lithia Motors are the closest competitors in this field.
A market impacted by chip shortages Automotive retailing is one of the pillars of the automotive industry in the United States, comprised of some 18,263 light vehicle dealerships and around 236,700 repair and maintenance establishments in 2021. Automotive dealers accounted for approximately two million jobs and 216.6 billion U.S. dollars in real added value that same year—a decrease compared to 2019, which marked the best year for the industry during the 2010 to 2021 time period. This slump in performance is tightly linked to the automotive semiconductor shortage, which prevented the market from rebounding from the COVID-19 pandemic even as consumer demand picked back up in 2021. Soaring prices stifle car sales The shortages deeply impact both dealerships and consumers: new vehicles’ average selling price had consistently climbed between 2016 and 2021, reaching just under 42,400 U.S. dollars in 2021. The used vehicle market also recorded an average selling price increase in 2021, up over 21 percent compared to 2020. As the monthly inventory-to-sales ratio nosedived through 2021, the used car market became more attractive to consumers, which led to this sharp increase in prices, pricing out potential buyers. This price increase was not in line with Americans’ annual expenditures on vehicle purchases.
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The global automotive software market was valued at $15,520 million in 2021 and is projected to grow at a CAGR of XX% from 2023 to 2033. The market growth is primarily driven by the increasing adoption of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and cloud computing in the automotive industry. These technologies enable automakers to develop and deploy software solutions that enhance vehicle safety, efficiency, and connectivity. Additionally, the growing demand for electric and autonomous vehicles is fueling the need for specialized software solutions to manage and optimize their performance. Key market trends include the rising popularity of cloud-based software solutions, the integration of AI and machine learning algorithms to improve vehicle performance, and the increasing focus on cybersecurity measures to protect connected vehicles from threats. The market is segmented by type (dealer management system, F&I solution, electronic vehicle registration, inventory solutions, digital marketing solution, others), application (manufacturer retail store, automotive dealer, automotive repair store, auto part wholesaler & agent, others), and region (North America, Europe, Asia Pacific, Middle East & Africa, South America). Leading companies in the automotive software market include Cox Automotive, CDK Global, Reynolds and Reynolds, Solera, and Dominion Enterprise.
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The US Automotive Service & Repair Industry is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), Service Type (Mechanical, Exterior and Structural, and Electrical and Electronics), and Equipment Type (Tires, Seats, Batteries, and Other Equipment Types). The report offers market size and forecasts for the United States Automotive Service Market in value (USD Billion) for all the above segments.