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Maintaining your house with top class furniture and repair requires a lot of effort from your end. You must have necessities that offer comfort at home. Also, these necessities if they add beauty to your house, it is considered to be a top-class decision. We are sure that the decisions are taken by you has made the house gain aesthetic value. On the other hand, the damages that happen to any of your household furniture must be addressed quickly. Especially when it comes to glass doors and windows.

Increasing number of vehicles, increasing disposable income of people, need for improved passenger safety in vehicles, and increasing average age of vehicles are the factors expected to boost the demand of automotive repair and maintenance services over the forecast period. Furthermore, increase in average miles driven by vehicle is expected to drive the demand for automotive repair and maintenance services over the forecast period.

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Increase in repair and maintenance cost, and careless attitude of vehicle owners towards their vehicles are few factors, which are expected to restrain growth of global automotive repair and maintenance services market over the forecast period. Furthermore, growing usage of public transport and limited availability of automotive repair and maintenance services dealerships and shops in rural areas are expected to be negative factors, which will impact growth of global automotive repair and maintenance services market during the forecast period.

Automotive repair and maintenance service is an essential timely practice require to maintain the functionality of an automobile. The repair and maintenance services are provided by automobile dealership owners, wherein they have a contract with the OEM or locally-owned shop. There are specialty shops that provide specific services including collision repair, services for mufflers and exhaust, suspension services, etc. Moreover, locally-owned repair shops include body shops, small garages, etc. and they usually provide all types of services. Others include department stores and repair shops present at the gas stations.

The global Automotive Repair and Maintenance Services market is estimated to account for US$ 41,374.7 Mn in terms of value in 2019 and is expected to grow at a CAGR of 6.0 % over the forecasted period 2020-27.

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Market Drivers

Increasing disposable income and rising vehicle parc is expected to support growth of the global automotive repair and maintenance services market during the forecast period
Increase in miles driven per vehicle is expected to boost the global automotive repair and maintenance services market growth over the forecast period.

Market Opportunities

Merger and acquisition activities among major market players can offer major business opportunities.
Growing acceptance for remote vehicle diagnostics.