Automotive maintenance & repair includes the process of testing, inspecting, servicing or replacing automobile parts and fluids in order to keep a vehicle functional in close resemblance to the original design of the manufacturer. Automotive maintenance and repair is done after a fixed interval of time or after a specified distance travelled by a vehicle and also carried out if the vehicle is underperforming. Various tools used for maintenance and repair services include battery terminal cleaner, battery filler, boosters, portable power, creepers and creeper casters, swivel filter wrench, drain, drip, etc.
On the basis of service providers, automotive maintenance and repair market can be segmented into automobile dealerships, franchise general repairs, speciality shops, locally owned repair shops and others.
Automotive maintenance also includes services like car wash and oil change. Growth of car wash and oil change services market predominantly relies on number of on-road vehicles. Technological developments such as introduction of new type of motor oils and the rising use of synthetic oils are expected to play a key role in oil change market.
Increasing number of commercial vehicles and rising incidents of vehicle accidents are driving growth of automotive collisions repair market. However, factors like increasing safety standards and inclusion of advanced telematics systems in automobiles, which have resulted in reduction of accidents, are expected to restrain growth of the market.
Automotive maintenance and repair market is highly fragmented where only around 10% of the revenue is generated by major players. Factors such as increasing vehicle production, rising need for safety and security, demand for add-on services and rising customer awareness about vehicle maintenance are some of the major market drivers. In addition, technological advancements and strict environmental standards are also expected to impact maintenance and repair market positively. The market is witnessing shortage of high skilled workers who can handle hybrid vehicle designs; however, in spite of that the market will witness growth in near term.
ASDReport.com has an extensive collection of reports on maintenance and repair market. The reports cover various products and services related to the market like, oil filter, angle grinder and others.