Garage and Service Station Market Size - By Product Type, Ownership, Business Structure & Forecast, 2023

Description

List of Tables

The garage and service station market is predicted to witness more than 7% CAGR from 2023 to 2032. As consumers increasingly prioritize eco-friendly practices, electric and hybrid vehicles have gained significant traction. According to the IEA data, in 2022, the electric car market witnessed sales exceeding 10 million. The demand for charging stations and specialized services for these vehicles is on the rise, urging service stations to adapt and invest in cutting-edge technology.

Furthermore, with the advent of autonomous vehicles, service providers are exploring innovative maintenance solutions to cater to the unique needs of these self-driving cars. The modern driver's expectations go beyond traditional services, pushing the industry to redefine its offerings in response to a tech-savvy and sustainability-focused clientele.

The garage and service station market is classified as per product type, ownership, business structure, and region.

The collision repair segment is anticipated to witness a transformative growth journey through 2032. As road safety becomes a paramount concern, there is a heightened focus on advanced repair solutions and innovative technologies. There is a demand for eco-friendly and sustainable materials for collision repair, aligning with global environmental initiatives. With the increasing complexity of modern vehicles, the industry players are investing in R&D to introduce cutting-edge products that not only enhance repair efficiency but also contribute to a greener automotive ecosystem.

The automobile dealerships segment will grow significantly through 2032. These dealerships are expanding their service offerings beyond mere sales, incorporating comprehensive maintenance and repair services. This shift towards a one-stop-shop approach aims to enhance customer loyalty by providing seamless and convenient services. Additionally, dealerships are leveraging data analytics to personalize services, offering targeted maintenance recommendations based on individual driving habits and vehicle usage.

Europe garage and service station market is expected to generate massive revenues by 2032 as the region is at the forefront of adopting electric and hybrid vehicles, leading to an increasing demand for charging infrastructure and specialized services. Government initiatives promoting eco-friendly practices further drive investments in sustainable technologies and practices. As the automotive industry undergoes a green revolution, Europe will continue to pave the way for a future where garage and service stations seamlessly blend innovation with environmental consciousness.

Product Code: 7119

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Garage and service station market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Product type trends
2.5 Ownership trends
2.6 Business structure trends

Chapter 3 Garage and Service Station Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising middle class vehicle ownership worldwide
  - 3.10.1.2 Improved vehicle durability and reliability
  - 3.10.1.3 Rise in the adoption of advance diagnostic tools
  - 3.10.1.4 Strict emission standards and safety regulations require regular maintenance and adherence
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Rapid evolution of electric and autonomous vehicles
  - 3.10.2.2 Lack of skilled technicians and mechanics
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis
3.14 Global Construction Investment

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Jiffy Lube International, Inc.
- 4.3.2 Safelite Group
- 4.3.3 The Pep Boys
- 4.3.4 Valvoline
- 4.3.5 Firestone Complete Auto Care.
- 4.3.6 Midas International, LLC
- 4.3.7 Meineke Car Care Centers, LLC.
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Garage and Service Station Market Estimates & Forecast, By Product type

5.1 Key trends, by Product type
5.2 Mechanical Repair
- 5.2.1 Engine
- 5.2.2 Brake
- 5.2.3 Transmissions
- 5.2.4 Tires
- 5.2.5 Others
5.3 Collision Repair
5.4 Car Wash
5.5 Oil Change
5.6 Lubrication
5.7 Others

Chapter 6 Garage and Service Station Market Estimates & Forecast, By Ownership

6.1 Key trends, by ownership
6.2 Automobile Dealerships
6.3 Franchise general repair shops
6.4 Franchise speciality shops
6.5 Locally owned repair shops

Chapter 7 Garage and Service Station Market Estimates & Forecast, By Business Structure

7.1 Key trends, by business structure
- 7.1.1 Organized
- 7.1.2 Unorganized

Chapter 8 Garage and Service Station Market Estimates & Forecast, By Region

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 U.K.
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia

Chapter 9 Company Profiles

9.1 AAMCO Transmissions
9.2 Bosch Limited
9.3 Bridgestone Americas, Inc.
9.4 Canadian Tire
9.5 Euro Car Parts
9.6 Firestone Complete Auto Care
9.7 Goodyear Auto Service
9.8 Grease Monkey International
9.9 Jiffy Lube International, Inc.
9.10 Kwik Fit
9.11 Les Schwab Tire Centers
9.12 Meineke Car Care Centers, LLC.
9.13 Midas International, LLC
9.14 Mister Car Wash
9.15 Mobivia Groupe
9.16 MONRO, INC.
9.17 Prime CarCare Group Inc.
9.18 Safelite Group
9.19 The Pep Boys
9.20 Valvoline