Authorized Car Service Center Market Size, Share, Trend, Forecast & Industry Analysis: 2023-2028
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Authorized Car Service Center Market Size, Share, Trend, Forecast & Industry Analysis: 2023-2028
The Authorized Car Service Center Market is segmented by Autobody Shop Type (OEM Authorized Workshops and Organized Multi-brand Service Providers), by Services Type (Engine, Transmission, Brakes, Suspension, Electrical, Body, Tires, and Belts & Accessories), by Vehicle Age Type (Less than Three Years and More than Three Years), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The Authorized Car Service Center Market is segmented by Autobody Shop Type (OEM Authorized Workshops and Organized Multi-brand Service Providers), by Services Type (Engine, Transmission, Brakes, Suspension, Electrical, Body, Tires, and Belts & Accessories), by Vehicle Age Type...
The Authorized Car Service Center Market was estimated at US$ 190.71 million in 2022 and is expected to grow at a CAGR of 5% during 2023-2028 to reach US$ 256.31 million in 2028.
An Authorized Car Service Center is a facility officially sanctioned by a vehicle manufacturer to provide maintenance and repair services for their specific brand of vehicles. These centers meet strict criteria and standards set by the manufacturer, ensuring they possess the necessary expertise, tools, and genuine parts to service their vehicles.
Customers who opt for authorized service centers can expect high-quality service, adherence to manufacturer specifications, and warranty protection. Certified technicians at these centers undergo specialized training from the manufacturer, guaranteeing that repairs and maintenance are conducted to the highest standards. Choosing an authorized car service center typically ensures that your vehicle receives top-notch care, preserving its performance, safety, and resale value, all while maintaining any existing warranties or service agreements.
Market Dynamics
Major factors such as stringent rules & regulations made by the government for fuel economy and carbon emission, the growing automobile industry, and the increasing numbers of passenger cars and aftersales service industry are expected to contribute to the growth of the authorized service center market during the forecast period.
Segments Analysis
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By Autobody Shop Type
The authorized car service center market is segmented as OEM authorized workshops and organized multi-brand service providers. The organized multi-brand service providers segment is estimated to witness significant growthin the market during the forecast period on account of the increasing requirement for the automobile industry to provide repair & maintenance services for multi-brand cars.
By Services Type
The market is segmented as engine, transmission, brakes, suspension, electrical, body, tires, and belts & accessories. The car body service is estimated to be the dominating service typein the market during the forecast period owing to increasing incidents of vehicle collisions and accidents. An increase in vehicle sales and the aging of vehicles are further expected to boost the segment’s growth during the forecast period.
By Vehicle Age Type
The market is segmented as less than three years and more than three years. Vehicles aged more than three years are estimated to witness significant growth in the market during the forecast period. In India, independent repair shops are usually preferred for routine & basic vehicle services owing to their quick & reliable services at low cost.
Regional Analysis
In terms of regions, North America is estimated to be the dominating regionin the market owing to the presence of various major industry players and the increasing number of passenger cars in the region during the forecast period. Further, stringent regulations made by the government for regulating car emissions are expected to fuel the regional market growth over the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Key Players
Some of the key players in the authorized car service center market are-
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Authorized Car Service Center Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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Competitive Benchmarking
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3M Car Care, Automovill Technologies Pvt. Ltd., Bayerische Motoren Werke AG, Carmozo, Carnation Auto, Carxpert Garage, Groupe Renault, Honda Motor Co. Ltd., Lansdowne Automobile, and The Toyota Motor Corporation are among the key players in the authorized car services center market.