Garage And Service Station Market

The rising technological advancements and developments in the automotive market is disrupting the market for garages and service stations. There is a trend of increasing number of personalised vehicles that are networked and technologically radical which at the same time are rooted with driver-assist technologies that tends to fewer accidents and lesser errors and ultimately reducing the need for servicing.

Garage and Service Station: Drivers & Restraints

The garage and service station market is expected to grow due to several factors such as growing automotive industry, increasing safety concerns, increasing automotive aftermarket needs. The marketing of products and services online is increasing which is providing growth potential to the service providers. The increasing number of auto service companies offering various car related services are also responsible for the growing market for garage and service station market.

The auto repairing are still based on trust which is responsible for the fragmentation of the market with large number of small garages and service station. This can again restrain the growth of organized players in the market. On the other hand unorganized local service stations finds difficulty in expanding their base. Additionally rising technological developments are posing threat to the industry. The industry is also facing a major gap in trust and consumer satisfaction with the garages and service stations which is yet again an obstacle restraining the growing garage and service station market

Garage and Service Station: Segmentation

Garage and Service Station: Region-wise Outlook

The garage and service station market is expected to register a favourable growth for the forecast period, 2015?2025. The Asia-Pacific and North America market is projected to endure control on the global garage and service station market followed by Europe and Middle East & Africa. The demand for repairing services in surging across Asian regions. The factors contributing to the rising demand in APAC is increasing market of vehicles and succeeding demand for services related to their repair and maintenance.

Garage and Service Station: Key Players

The global garage and service station market is highly fragmented. Some of the organized auto service companies in the market are Firestone Complete Auto Care, Meineke,  Jiffy Lube, Midas, Safelite Group, Monro Muffler Brake etc.

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