According to a new news published by Future Market Insights patrician “Automotive Repair and Maintenance Services Market: Global Industry Analysis Opportunity Assessment, 2016 – 2026”, a tellurian automotive correct and upkeep services marketplace is estimated to strech a marketplace gratefulness of US$ 441.3 Bn by 2016 end, witnessing a 5.6% CAGR between 2016 and 2026. Automobile dealership owners will continue to reason widespread share in a tellurian automotive correct and upkeep services marketplace accounting for over 25% share of a sum marketplace by a finish of 2016.
Demand for automotive correct and upkeep services is driven by a boost in car age. With a improvements in element and record used for automotive manufacturing, a meant age of newcomer cars in a U.S. augmenting from 9 years in 2000 to 11.6 years in 2015. With a rising car sales in a U.S. and Western Europe, a direct for automotive correct and upkeep services is approaching to arise exponentially. Also, a rebate in gas and oil prices has led to an boost in a sum miles driven by car owners and this being associated to car tools wear and tear, there is a flourishing need for car upkeep and repairs – this is another cause pushing a expansion of a tellurian automotive correct and upkeep services market.
Future Market Insights’ news on a tellurian automotive correct and upkeep services marketplace offers useful insights on marketplace opening of a several segments of a tellurian automotive correct and upkeep services market. Some of a highlights of a investigate exhibit a following critical points:
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Demand for several services and tools in a automotive aftermarket such as tires, engine oil, and wear and rip tools will continue to benefit traction in a entrance years
The tires shred is foresee to register a CAGR of 7.9% during 2016 – 2026
The wear and rip tools and engine oil services and tools segments are approaching to paint 14.1% and 8.6% shares of a sum incremental event in a entrance decade
The car dealerships use provider shred is expected to be valued in additional of US$ 100 Bn by this year end, witnessing a CAGR of 4% during a forecasted period
The newcomer cars car form shred was a limit value generating shred in terms of car form in 2015 and is projected to benefit poignant marketplace share over a foresee period. This shred is expected to benefit 200 BPS between 2016 and 2026 due to aloft sales of newcomer cars in a entrance years
North America is a largest marketplace for automotive correct and upkeep services accounting for over 26% marketplace share in terms of income in a tellurian automotive correct and upkeep services marketplace by a finish of 2016. The APEJ automotive correct and upkeep services marketplace is projected to reason poignant marketplace share in terms of value in a tellurian automotive correct and upkeep services marketplace over a foresee period, exhibiting a CAGR of 8.6% over a foresee period. This is attributed to augmenting car parc in this segment and an underneath grown highway infrastructure in many countries of APEJ.
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The tellurian automotive correct and upkeep services marketplace news analyses a business opening including short-term and long-term strategies, use offerings, and other developments of a few of a tip marketplace players handling in a tellurian automotive correct and upkeep services market. The companies profiled in a news are Asbury Automotive Group Inc., Jiffy Lubes International Inc., Monro Muffler Brake Inc., Driven Brands Inc., and Belron International Ltd. Mergers and acquisitions seems to be a many elite plan adopted by several marketplace players to enhance their tellurian participation and boost marketplace share.
Future Market Insights (FMI) is a heading marketplace comprehension and consulting firm. We broach syndicated investigate reports, tradition investigate reports and consulting services, that are personalized in nature. FMI delivers a finish finished solution, that combines stream marketplace intelligence, statistical anecdotes, record inputs, profitable expansion insights, an aerial perspective of a rival framework, and destiny marketplace trends.
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