Authorized Car Service Center Market to value USD 350 Billion by 2032: Global Market Insights Inc.
Major authorized car service center market participants include Toyota, Volkswagen, Suzuki Motor Corporation, Robert Bosch GmbH, among others.
Selbyville, Delaware, Jan. 10, 2023 (GLOBE NEWSWIRE) —
The authorized car service center market is expected to record a valuation of USD 350 billion by 2032, according to a is projected to attain nearly 3.5% CAGR through 2032. This growth is attributed to the expanding automotive industry and availability of domestically manufactured spare parts. Developing economies, including Brazil and Argentina, have witnessed a strong hike in vehicle sales, further augmenting the demand for repair & maintenance services in the region.
Leading players operating in authorized car service center market are Toyota, Volkswagen, Suzuki Motor Corporation, Robert Bosch GmbH, and many others. Many of these companies are focusing on the launch of novel services as a viable strategy to drive growth in the global market.
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Partial Table of Contents (ToC) of the report:
Chapter 3 Authorized Car Service Center Market Insights
3.1 Introduction
3.2 Impact of COVID-19 outbreak
3.3 Impact analysis of Russia-Ukraine war
3.4 Technological evolution
3.5 Authorized car service center industry ecosystem analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Investment portfolio
3.9 Industry news
3.10 Regulatory landscape
3.11 Industry impact forces
3.11.1 Growth drivers
3.11.1.1 High motorization rate
3.11.1.2 Stringent government regulations for fuel economy and carbon emission
3.11.1.3 Growth in passenger cars and aftersales service industry
3.11.1.4 Increasing old car fleet and reduced road infrastructure spending
3.11.1.5 Proliferating automobile industry and increasing demand for high-end cars
3.11.2 Industry pitfalls & challenges
3.11.2.1 Growing unauthorized car service centers
3.11.2.2 Rising use of electric vehicles
3.12 Growth potential analysis
3.13 Porter’s analysis
3.14 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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