Market Share of Electric Vehicle Repair Service Industry
The target market is concentrated, as major players hold significant market shares. Also, some companies promote either the expansion of their footprint or awareness of electric vehicle repair. This will contribute to the firm gaining a large share of the market.
- In March 2024, Meineke Car Care Center announced its first-ever electric vehicle service center, which aims to meet growing demand in the Carolinas, in Indian Land, South Carolina.
- In December 2023, GoMechanic announced the launch of electric vehicle services for India’s key fleet operators in the EV space. Under its new expansion strategy, GoMechanic will enlarge its service portfolio from internal combustion engines to electric vehicles for leading Industry fleet leaders.
- In July 2022, General Motors launched a program to educate car shoppers about electric vehicles and target first-time buyers as the automaker seeks to catch up with and outperform rival Tesla.
Electric Vehicle Repair Service Market Leaders
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Robert Bosch GmbH
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LKQ Corporation
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The Hybrid Shop
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HEVRA Europe OÜ
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Hyundai Motor Company
*Disclaimer: Major Players sorted in no particular order
