PUBLISHER: TechSci Research | PRODUCT CODE: 1110863
PUBLISHER: TechSci Research | PRODUCT CODE: 1110863
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The global online automotive repair and maintenance service market is projected to register growth at a significant CAGR during the forecast period, 2023-2027. The market growth can be attributed to the increasing production and sales of automobiles and the expansion of platforms by market players to reach more customers. Online auto repair and maintenance service providers are growing their clientele owing to the widespread smart device use and high internet penetration.
The inclination for vehicle ownership among consumers is rising, and there is a rising global demand for passenger automobiles, which is driving the market growth. Automobile manufacturers are spending a lot of money on research and development to create novel solutions and introduce cutting-edge technology for extending the vehicle's lifespan. Automobiles are a more economical option for consumers and perform effectively for a more extended period. Global demand for online automotive repair and maintenance services is being driven by the increased lifetime of cars.
Global demand for electric vehicles is being fueled by rising environmental concerns and strict emission standards established by top authorities. Electric car sales are increasing globally due to market players developing better models with larger batteries and improved performance. Online auto repair and maintenance companies are enticing customers to use their services by providing convenient, appealing services like vehicle pick-up and delivery without physically visiting the stores.
Players in the online automotive repair and maintenance market are spending on research and development to introduce instruments and equipment for automotive diagnostics that can swiftly ascertain the source of a vehicle's problem. The global online automotive repair and maintenance service market is anticipated to have strong growth due to the increasing usage of data analysis tools and software, big data technologies, and predictive maintenance of automobiles to improve vehicle performance.
The global online automotive repair and maintenance service market is divided into service area, vehicle type, platform, regional distribution, and company. Based on the service area, the global online automotive repair and maintenance service market is divided into automotive mechanical and electrical parts, automotive body parts, tires, paint, interior parts, glass, and other automotive repair and maintenance. The automotive body parts segment is anticipated to hold the largest share in the market, owing to increasing digitalization and the booming e-commerce industry.
Key players operating in the global online automotive repair and maintenance market are: Targetone Innovations Pvt. Ltd. (Go Mechanic), AAMCO Transmissions Inc., CARSTAR Franchising, Inc., Tuffy Associates Corporation (Tuffy Tire & Auto Service Center, Christian Brothers Automotive, Maaco Franchising, Inc., among others.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers and presence of all major players across the country.
TechSci Research calculated the market size of the global online automotive repair and maintenance service market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global online automotive repair and maintenance service market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global online automotive repair and maintenance service market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: