Product ID: UCMIG25AG2012
Authorized Car Service Center Market Size, Share, Growth Analysis, By Auto Body Workshop(OEM authorized Workshops, Organized multi-brand service providers), By Service(Engine, Transmission), By Vehicle Age(Less than 3 years, More than 3 years), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG25AG2012 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Authorized Car Service Center Market Insights
Market Overview:
The authorized car service center market is expected to grow at a CAGR of 5% from 2023 to 2032, with a value of USD 200 billion in 2022. The World Economic Forum (WEF) predicts that the share of car trips taken by customers will increase to 76.1% in North America and 40.3% in Asia by 2050, which is likely to drive the expansion of authorized car service centers to cater to the growing demand.
Authorized Car Service Center Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Automotive Retail by segment aggregation, the contribution of the Automotive Retail in Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Authorized Car Service Center Market Report Snapshots
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