Automotive Repair and Maintenance Services Market Size

Global Automotive Repair and Maintenance Services Market size was valued at USD 755.4 billion in 2023 and is poised to grow from USD 806.01 billion in 2024 to USD 1354.12 billion by 2032, growing at a CAGR of 6.7% during the forecast period (2025-2032). 

The demand for automotive repair and maintenance services is increasing with the growing number of old vehicles. The need to replace and repair parts, and their continued operation led to older cars, would create an industry growth area. It is because professional solutions for maintenance become necessary to help elongate their life and run mileage.

One of the major drivers for the global automotive repair and maintenance services market growth is the growing preference for road transportation. The increasing preference for road transportation for last-mile delivery and subsequent growth in the use of heavy, medium-, and light-duty vehicles in emerging countries will increase the number of vehicles, especially HCVs, on roads. The lack of rail freight services in a country is one of the most significant reasons why the enterprises like to carry their cargo by road transport. The inadequacy of sufficient freight services also makes companies prefer the roadways as a safe medium of transporting their products. Roadways are much in demand for freight transport because these are more convenient than rail transport, cheaper than air transportation, and faster than waterways. Since in road transportation, vehicles travel long distances every day to deliver packages, it leads to an increase in the wear and tear of vehicles. This encourages companies to offer maintenance and repair services dedicated to fleet operators.

These services comprise oil and fluid top-ups, puncture repairs and number plate replacement, washing and vac after every visit to a workshop, and fitting of wiper blades, bulbs, and batteries for all the vehicles in a fleet. Thus, these factors will increase the demand in the global market in the forecast period. There is an emerging trend in the automotive repair and maintenance services market as more people use 3D printing for repair. 3D printing is a process of creating three-dimensional solid objects from a digital file. 3D printing recreates existing objects using computers and other computerized components, and it can also create customized objects according to the design of the user. Though 3D printing has been in the market for a long time, its potential is still untapped.

Key Market Attributes

In July 2023, Kwikfix Automotive Repairs has come up with a mobile application, which aims to provide car owners in India with an easy and hassle-free way of scheduling their automobile servicing and accessory alterations. The app will present people with tailor-made recommendations drawn from the model, condition, and usage of the car, thus allowing them to predict what repairs may be needed. The platform also allows for scheduling of services, estimating costs, and providing regular maintenance reminders for ensuring the effectiveness and longevity of the vehicle. Kwikfix is trying to be innovative by incorporating AI-powered diagnostics for revamping the customer experience with a better quality of car care in the region, reducing unexpected failures, and making vehicle servicing easier and more efficient.

In October 2023, Ford Motor Company collaborated with Amazon to introduce an innovative voice-activated vehicle repair and maintenance service called the Alexa. This partnership will be easy for owners of Ford to schedule an appointment, monitor the service, and pay using Alexa voice commands, thus making it a seamless experience that is entirely hands-free. After its initial launch in the United States, the service will gradually spread to other marketplaces around the globe. This collaboration aims to enhance customer ease, involvement, and access in the automotive service industry by combining Ford's service network with Amazon's AI, thus underpinning the rising digitalization of vehicle servicing.

In July 2022, FullSpeed Automotive is rapidly expanding to fast-track its growth through acquisitions with an aggressive aim of reaching 1,000 service centers by the end of 2023. The leading auto franchisor and owner of automotive aftermarkets repair locations, FullSpeed Automotive's top brands, SpeeDee Oil Change & Auto Service and Grease Monkey, are national brands. Its strategy focuses on franchise location and independent repair shop acquisitions, adding to its national market footprint and enhancing its capacity to deliver a higher level of service. FullSpeed is going to maximize its operational expertise and robust brand reputation to meet the growing demand for efficient, rapid, and high-quality vehicle repair and maintenance services.