Automotive and Transportation

Automotive Services Market

Global Industry Analysis and Forecast 2024-2031

Pages : 120

Base Year : 2023

Release Year : May 2024

Format : Pdf Ppt Xls

Report ID: KR514

Author : Antriksh P.

Base Year

2023

Forecast Year

2024-2031

Historical Years

2019-2022

Market Value (2023)

USD 844.40 Billion

Forecasted Value (2031)

USD 1,493.20 Billion

CAGR (2024 - 2031)

7.51%

Fastest Growing Region (2024 - 2031)

North America

Largest Region

North America

By Type

Maintenance Services, Mechanical, Exterior & Structural

By Service Provider

Franchise General Repairs, OEM Authorized Service Centers, Local Garage, Tire Stores & Repair Chains, Others

By Vehicle Type

Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers


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  • Check Icon Additional Company Profiles
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  • Check Icon Extended Forecast Years
  • Check Icon Historical Data Up to 5 Years
The global automotive services market is projected to reach USD 1,493.20 billion by 2031, growing at a CAGR of 7.51% from 2024 to 2031.
The global automotive services market was valued at USD 844.40 billion in 2023.
The adoption of digitalization and integration of advanced technologies play a vital role in shaping the future of the automotive services market.
Top manufacturers of automotive services market are Firestone Complete Auto Care, Robert Bosch Ltd, CarMax Enterprise Services, LLC, SUN AUTO SERVICE, MEKO, Midas International, LLC, Wrench, Inc., Safelite Group, M&M Automotive, Jiffy Lube International, Inc., and others.
Asia-Pacific is the fastest growing region with the CAGR of 8.08% in the forecasted period (2024-2031) with the market value forecasted to reach at USD 317.14 billion.
By service provider, local garage will hold the maximum share in the automotive services market with the revenue value of USD 505.91 billion in 2031.
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