Authorized Car Service Center Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026


Posted January 8, 2019 by poojasathawane

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.

 
Car service center is a place where vehicle owners bring their vehicles for regular maintenance and repair. A car service center holds certification to service cars from its manufacturer; therefore, it is known as an authorized car service center. Authorized car service centers either provide services for vehicles of a particular brand and have tie-ups with OEM car dealers or are a part of a franchisee. Authorized car service centers are large scale workshops with all diagnostic and servicing equipment available in-house.

In terms of service provider, the unibrand segment is anticipated to hold a major share of the market, as most of the OEM authorized service centers and car dealer authorized service centers service vehicles of a single brand. However, the multi-brand segment is expanding at a significant pace. Furthermore, market share of the multi-brand segment is expected to increase during the forecast period due to the entry of numerous car servicing franchisees in the car servicing industry.

Based on region, North America is a leading region, followed by Europe. However, the authorized car service center market in Asia Pacific is anticipated to expand at a rapid pace due to rise in the number of on-road vehicles, primarily in developing economies such as India. The authorized car service center market in China is anticipated to decline owing to restriction on vehicle production to reduce high traffic situations in the country.

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Issued By TRANSPARENCY MARKET RESEARCH
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Last Updated January 8, 2019