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.
Principal Consultant
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
