AUTOMOTIVE REPAIR AND MAINTENANCE SERVICES MARKET ANALYSIS
The automotive aftermarket includes maintenance and repair of different services and parts namely gear oil, engine oil, brake oil, etc. Furthermore, wear and tear parts maintenance is comprised of suspension, engine, shock absorbers, brake wheel end, and driveline, while exhaust components include exhaust manifold, tailpipe, mufflers, and catalytic converter. The tire services include tire pressure monitoring, misalignment of tires repair of flat tires, replacement of tires, etc. Similarly, battery services include, replacement of automotive batteries. Various services providers offer automotive repair and maintenance services including automobile dealership, OEM, etc. Moreover, the specialty shops are independently owned shops that are specialized to provide a particular service for suspension services, collision repair, services for exhaust and mufflers. Get Sample Copy from Here @ https://www.coherentmarketinsights.com/insight/request-sample/2796 Key players in the global automotive repair and maintenance services market are Firestone Complete Auto Care, Ashland Automotive, Inc., Driven Brands, Inc., Carmax Autocare Center, Sumitomo Corporation, Monro Muffler Brake, Inc., Belron International Ltd., Goodyear Tire & Rubber Co., and Jiffy Lube International Inc. Market Dynamics- Restraints 1.tIncreased costs associated with repair and maintenance services are expected to restrain growth of the global automotive repair and maintenance services market Increasing technical complexity associated with vehicles and automotive parts has resulted in a high cost of maintenance and repair services. Moreover, increasing labor costs worldwide coupled with the reluctance of consumers to adopt to these high-cost services are expected to restrain the global automotive repair and maintenance services market in the near future. As per the primary interviews conducted with key opinion leaders, the annual passenger car maintenance cost per unit is expected to increase up to 2X over the forecast period. 2.tInconsiderate attitude towards maintenance and repair services is expected to hamper the global automotive repair and maintenance services market growth during the forecast period Many car owners in emerging economies such as China, Brazil, India, and South Africa are unwilling to invest in preventive maintenance, which results in high costs. Majority of car owners get their vehicle serviced and parts replaced under the warranty period. However, owners invest very little in service post-warranty period. This is mainly due to the careless attitude of vehicle owners towards vehicle safety and more focus on saving additional expenditure in preventive maintenance. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2796 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US 12067016702 / UK 4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs: https://blog.coherentmarketinsights.com
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