Global Garage & Service Station Market Overview:
Nowadays, with the growing automotive industry and lack of car maintenance can cause accidents, hence there is a huge requirement for garage and service station. The garage & service is an enclosed space for keeping or repairing cars. In the garage & service station, the vehicles are being serviced or repaired in order to minimize accidents and vehicles to be run smoothly. The rise in safety concerns among consumers and increasing awareness is driving the garage & service station market.
Growth Drivers
- The Growing Automotive Industry
- Rise in Safety Concerns Among Consumers
- The Increasing Number of Auto Service Companies Offering Various Car-Related Services
- Rising Automotive Aftermarket Needs
Roadblocks
- Requirement of Improved Car Care Service Centers
- Trading Counterfeited Vehicle Spare Parts across the Local Supply Chain
Opportunities
- Increasing the Number of Personalized Vehicles that are Networked and Technologically Radical Which at the Same Time are Rooted in Driver-assist Technologies That Tend to Fewer Accidents and Lesser Errors and Ultimately Reducing the Need for Servicing
Challenges
- Problem Related to maintenance of Garage & Service Station
Competitive Landscape:
The Garage & Service Station market is a highly competitive market, with the presence of numerous small and large players. Players are also focusing on expanding product services by understanding the various requirements.
Some of the key players profiled in the report are Firestone Complete Auto Care (United States), Meineke (United States), Jiffy Lube (United States), Midas (United States), Atherstone Garage Service Centre (United Kingdom), East Cornwall Garage (United Kingdom), Carn Bosavern Garage (United Kingdom), Safelite Group (United States) and Monro Muffler Brake (United States). Additionally, following companies can also be profiled that are part of our coverage like Carrera International Automotive (United States) and International Auto Collision (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Garage & Service Station market by 2026. Considering Market by Ownership Type, the sub-segment i.e. Automobile Dealerships will boost the Garage & Service Station market. Considering Market by Product & Services, the sub-segment i.e. Firestone Complete Auto Care will boost the Garage & Service Station market.
According to WHO, Nearly 1.25 million people die in road crashes each year, on average 3,287 deaths a day. An additional 20-50 million are injured or disabled.
What Can be Explored with the Garage & Service Station Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Garage & Service Station Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Garage & Service Station
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Garage & Service Station market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Garage & Service Station market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.