The global market for garage and service station is projected to be valued at US$ 2,031.98 Million as of 2022, representing an annual increment worth 10.2% from 2021. By 2032, the industry is projected to reach US$ 5,927.48 Million, representing a CAGR of 11.3%.
| Report Attributes | Details |
|---|---|
| Expected Base Year Value (2021) | US$ 1,843.91 Million |
| Projected Market Value (2022) | US$ 2,031.98 Million |
| Anticipated Market Value (2032) | US$ 5,927.48 Million |
| Global Growth Rate (2022 to 2032) | 11.3% CAGR |
With an increasing number of organized players in the global garage and service station market, the market is gaining traction. When a vehicle has traveled a certain distance, these stations perform a series of maintenance procedures. Service intervals vary greatly depending on the type of vehicle and are generally specified by the vehicle manufacturer.
The demand for garages and related services is largely determined by car usage and the number of cars and motors on the road. Some of the most important factors influencing individual company profitability are convenient location and marketing strategies.
The growing technological advancements and developments in the automotive industry are causing havoc in the market for garages and service stations. There is a trend toward an increase in the number of personalized vehicles that are networked and technologically radical, while also embedded with driver-assist technologies that result in fewer accidents and errors, ultimately reducing the need for servicing.
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The garage and service station market is expected to grow as a result of several factors, including the expanding automotive industry, rising safety concerns, and increased automotive aftermarket needs. The online marketing of products and services is increasing, which provides opportunities for growth for service providers.
The growing number of auto service companies providing various car-related services is also to blame for the expanding garage and service station market.
According to the study, the automotive industry is expected to grow steadily due to technological advancements. Leading players are expected to introduce novel driving techniques in order to expand their footprint. This will be beneficial to the Garage and Service Station market.
Auto repair is still based on trust, which is responsible for the market's fragmentation with a large number of small garages and service stations. This could stifle the market's growth of organized players once more. Unorganized local service stations, on the other hand, have a difficult time expanding their customer base.
Furthermore, rising technological developments pose a threat to the industry. The industry is also dealing with a significant gap in consumer trust and satisfaction with garages and service stations, which is another impediment to the growing garage and service station market.
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For the forecast period of 2022 to 2032, the garage and service station market is expected to grow favorably. The Asia-Pacific market is expected to maintain its dominance in the global garage and service station market, followed by Europe, the Middle East, and Africa. Across Asia, the demand for repair services is increasing. The increasing market for vehicles and the subsequent demand for services related to their repair and maintenance are factors contributing to rising demand in Asia Pacific.
Various factors, such as an increase in the average age of vehicles due to technological advancements, an increase in the average miles driven per vehicle, and an increase in people's road safety awareness, are likely to fuel the growth of the garage and service station market. Furthermore, an increase in used car sales opens up a wide range of opportunities for key players in the North American garage and service station market.
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Some of the key participants present in the global garage and service station market include Firestone Complete Auto Care, Meineke, Jiffy Lube, Midas, Safelite Group, and Monro Muffler Brake, etc. among others.
The research report provides an in-depth analysis of the market and includes thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections based on an appropriate set of assumptions and methodologies. The research report categorizes and analyses data and information into market segments, geographies, types, technology, and applications.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 11.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global garage and service station market to expand at an 11.3% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic garage and service station market
Firestone Complete Auto Care, Meineke, Jiffy Lube, Midas, Safelite Group, Monro Muffler Brake, etc. are some prominent Garage and Service Station manufacturers.
1. Executive Summary | Garage and Service Station Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. Value Chain Analysis 3.5.1. Profit Margin Analysis 3.5.2. Service Providers 3.6. PESTLE and Porter’s Analysis 3.7. Regulatory Landscape 3.7.1. By Key Regions 3.7.2. By Key Countries 3.8. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sector 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Sector, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Sector, 2022 to 2032 5.3.1. Organized 5.3.2. Unorganized 5.4. Y-o-Y Growth Trend Analysis By Sector, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Sector, 2022 to 2032 5.6. Deep-dive segmentation will be available in the sample on request 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2022 to 2032 6.3.1. Mechanical Repair 6.3.2. Collision Repair 6.3.3. Car Washing 6.3.4. Tire Change 6.3.5. Oil Change and Lubrication 6.3.6. Others (Battery Change, AC Repair, etc.) 6.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032 6.6. Deep-dive segmentation will be available in the sample on request 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Service Providers 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Service Providers, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Providers, 2022 to 2032 7.3.1. Automobile Dealerships 7.3.2. Franchise General Repair Shops 7.3.3. Franchise Specialty Shops 7.3.4. Locally Owned Repair Establishments 7.4. Y-o-Y Growth Trend Analysis By Service Providers, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Service Providers, 2022 to 2032 7.6. Deep-dive segmentation will be available in the sample on request 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia & Pacific 8.3.6. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Sector 9.2.3. By Product Type 9.2.4. By Service Providers 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Sector 9.3.3. By Product Type 9.3.4. By Service Providers 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Mexico 10.2.1.2. Brazil 10.2.1.3. Rest of Latin America 10.2.2. By Sector 10.2.3. By Product Type 10.2.4. By Service Providers 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Sector 10.3.3. By Product Type 10.3.4. By Service Providers 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. Italy 11.2.1.3. France 11.2.1.4. United Kingdom 11.2.1.5. Spain 11.2.1.6. BENELUX 11.2.1.7. Russia 11.2.1.8. Rest of Europe 11.2.2. By Sector 11.2.3. By Product Type 11.2.4. By Service Providers 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Sector 11.3.3. By Product Type 11.3.4. By Service Providers 11.4. Key Takeaways 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.2. By Sector 12.2.3. By Product Type 12.2.4. By Service Providers 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Sector 12.3.3. By Product Type 12.3.4. By Service Providers 12.4. Key Takeaways 13. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. India 13.2.1.2. ASEAN 13.2.1.3. Australia and New Zealand 13.2.1.4. Rest of South Asia & Pacific 13.2.2. By Sector 13.2.3. By Product Type 13.2.4. By Service Providers 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Sector 13.3.3. By Product Type 13.3.4. By Service Providers 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. Turkey 14.2.1.3. South Africa 14.2.1.4. Rest of Middle East and Africa 14.2.2. By Sector 14.2.3. By Product Type 14.2.4. By Service Providers 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Sector 14.3.3. By Product Type 14.3.4. By Service Providers 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Sector 15.1.2.2. By Product Type 15.1.2.3. By Service Providers 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Sector 15.2.2.2. By Product Type 15.2.2.3. By Service Providers 15.3. Mexico 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Sector 15.3.2.2. By Product Type 15.3.2.3. By Service Providers 15.4. Brazil 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Sector 15.4.2.2. By Product Type 15.4.2.3. By Service Providers 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Sector 15.5.2.2. By Product Type 15.5.2.3. By Service Providers 15.6. Italy 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Sector 15.6.2.2. By Product Type 15.6.2.3. By Service Providers 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Sector 15.7.2.2. By Product Type 15.7.2.3. By Service Providers 15.8. United Kingdom 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Sector 15.8.2.2. By Product Type 15.8.2.3. By Service Providers 15.9. Spain 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Sector 15.9.2.2. By Product Type 15.9.2.3. By Service Providers 15.10. BENELUX 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Sector 15.10.2.2. By Product Type 15.10.2.3. By Service Providers 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Sector 15.11.2.2. By Product Type 15.11.2.3. By Service Providers 15.12. China 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Sector 15.12.2.2. By Product Type 15.12.2.3. By Service Providers 15.13. Japan 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Sector 15.13.2.2. By Product Type 15.13.2.3. By Service Providers 15.14. South Korea 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Sector 15.14.2.2. By Product Type 15.14.2.3. By Service Providers 15.15. India 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Sector 15.15.2.2. By Product Type 15.15.2.3. By Service Providers 15.16. ASIAN 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Sector 15.16.2.2. By Product Type 15.16.2.3. By Service Providers 15.17. Australia and New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Sector 15.17.2.2. By Product Type 15.17.2.3. By Service Providers 15.18. GCC Countries 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Sector 15.18.2.2. By Product Type 15.18.2.3. By Service Providers 15.19. Turkey 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Sector 15.19.2.2. By Product Type 15.19.2.3. By Service Providers 15.20. South Africa 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2021 15.20.2.1. By Sector 15.20.2.2. By Product Type 15.20.2.3. By Service Providers 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Sector 16.3.3. By Product Type 16.3.4. By Service Providers 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Firestone Complete Auto Care 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Meineke 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Jiffy Lube 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Midas 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Safelite Group 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Monro Muffler Brake 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Bridgestone 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. 3M Car Care 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. AAMCO Transmissions Inc. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Asbury Automotive 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Driven Brands, Inc. 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 17.1.12. Sumitomo Corporation 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.12.5.2. Product Strategy 17.1.12.5.3. Channel Strategy 17.1.13. Belron International Ltd. 17.1.13.1. Overview 17.1.13.2. Product Portfolio 17.1.13.3. Profitability by Market Segments 17.1.13.4. Sales Footprint 17.1.13.5. Strategy Overview 17.1.13.5.1. Marketing Strategy 17.1.13.5.2. Product Strategy 17.1.13.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Garage and Service Station Market
