Automotive Repair and Maintenance Service Market Size and Share Analysis - Growth Trends and Forecasts (2024-2029)

Automotive Repair and Maintenance Service Industry Overview

The automotive repair and maintenance service market is highly fragmented and competitive due to several domestic, international, and regional players operating in the ecosystem. Some prominent players in the market include LKQ Corporation, Robert Bosch GmbH (Bosch Car Service), Belron International Limited, TVS Motor Company (myTVS Parts & Accessories), Mobivia Groupe, Inter Cars Service, M&M Car Care Center, Sun Auto Service, and Wrench Inc. These players actively focus on business expansion and forming partnerships with parts and component suppliers to offer consumers efficient and seamless automotive servicing facilities.

• In April 2024, Mobivia, a leading automotive maintenance and repair brand across Europe, announced its collaboration with VinFast to expand its electric vehicle aftersales business in France and Germany to cater to VinFast customers in these countries. As per the agreement, VinFast customers can access Mobivia's 1,200 service centers in France and Germany for repair and maintenance services of their electric vehicles.
• In April 2024, Meta Mechanics Auto Repair Center LLC, a Dubai-based maintenance service provider, announced the commencement of its new vehicle maintenance package. This package offers customers efficient vehicle servicing options using modern technology and equipment. Through this new package, the company aims to enhance its existing vehicle servicing portfolio to gain a competitive edge in the market.

Further, the market is anticipated to witness the integration of advanced technologies, such as inspection, database management, and CRM software, to reduce automotive maintenance and servicing downtime in the coming years.