Automotive Repair and Maintenance Services Market to Garner Brimming Revenues by 2026

1. Automotive Repair and Maintenance Services Market to Garner Brimming Revenues by 2026 Global demand for automotive repair and maintenance services market is estimated to reach US$ 441.3 Bn in 2016, witnessing a CAGR of 5.6% over the forecast period. Automobile dealership owners will continue to hold the dominant share in the market accounting for 26.7% share of the total market in 2016. Demand for various services and parts in the automotive aftermarket such as tyres, engine oil, wear & tear parts will continue to gain traction. Among all the services, the tyre replacement and repair service will continue to hold the leading value share, surpassing US$ 152 Bn in value in 2016. Request for a sample of report @ https://mindaspiremarketresearch.com/request-sample/report/automotive-repair-and-maintenance- services-market-global-industry-analysis-size-sales-and-forecast-by-2026 Passenger Cars was the maximum value generating segment in terms of vehicle type in 2015, and the status quo will remain unchanged over the forecast period (2016-2026). North America is the largest market for automotive repair and maintenance services accounting for US$ 124.1 Bn in 2016. Asia-Pacific (APEJ) is expected to show highest growth with a CAGR of 8.6% over the forecast period. This is attributed to the increasing vehicle parc in this region and the under developed road infrastructure in many countries of Asia-Pacific. Get some Glimpse of the Report @ https://mindaspiremarketresearch.com/inquire/report/automotive-repair-and-maintenance-services- market-global-industry-analysis-size-sales-and-forecast-by-2026 Global Demand for Automotive Repair and Maintenance Services Market worth US$ 441.3 Bn in the year 2016 Demand for automotive repair and maintenance services is also driven by the increase in vehicle age. With the improvements in material and technology used for automotive manufacturing, the average age of passenger cars in the U.S. increased from 9 years in 2000 to 11.6 years in 2015. With the rising vehicle sales in the U.S. and Western Europe, the demand for automotive repair and maintenance services is expected to increase. Due to declining oil and gas prices, there has been an increase in the average miles driven which is closely associated with more wear and tear of parts which in turn require maintenance and repair thus driving the market.

2. Jiffy Lubes International Inc., Driven Brands Inc., Asbury Automotive Group Inc., Monro Muffler Brake Inc., Belron International Ltd. are some of the key service provider in the market. The key players in the market are aiming on mergers and acquisitions to expand their services portfolio in regions especially North America. Long-term Outlook: The long term outlook on global automotive repair and maintenance services market remains positive with the market expected to increase at a CAGR of 5.6% over the forecast period, 2016-2026. Browse Same Category Report Database @ https://mindaspiremarketresearch.com/categories/automotive-and-transportation/reports Table of Content 1.Executive Summary 2.Market Introduction 2.1. Market Definition 2.2. Market Taxonomy 2.3. Parent / Associated Market Overview Read More About Us Mindaspire Market Research provides an exhaustive list of market research reports from hundreds of publishers worldwide. We are one of the top resellers in market research industry. Mindaspire Market Research comprehends your business goals and needs and bridge the gap by delivering you with the most appropriate and suitable solutions. Hundreds of large and small organizations across virtually every industry sector worldwide are currently reaping rich dividends from the sharp insights provided by market research reports sourced through Mindaspire Market Research. Contact Us David F. Mindaspire Market Research 9451 Lee Hwy Fairfax, Virginia - 22031, USA United States Email: sales@mindaspiremarketresearch.com/ info@mindaspiremarketresearch.com Website: https://mindaspiremarketresearch.com Follow us on linkedIn:https://www.linkedin.com/company/mind-aspire-market- research/?viewAsMember=true