“Amplified demand from Post warranty car users has driven the growth of Multi Brand Car Service Market in India.”
Hatchback
Car Segment Contributing Majorly in the Multi Brand Car Service Industry: The
hatchback segment held the largest market share in the India automotive
Industry in FY’20. The market share of hatchback is attributed to the
increasing demand for small passenger vehicles by middle-class families.
Hatchbacks have been dominating the automotive market since a long time in
India, which has also contributed in large number of hatchback cars present on
road. Hatchback contributed to ~51% in the multi brand car service market revenue
in FY’20.
Multi-Brand
Car Servicing emerging as the ideal solution for Car Owners in India: Multi-brands
car service centers provide services for a myriad of car brands. These multi
brand service centers provide warranty on car services along with genuine OEM
and OES flexible spare parts, 100% transparency and accountability with upfront
pricing. All these services are gaining the trust of the consumers and attracting
large number of car owners for servicing. Insurance companies also prefer multi-brand
centers as they provide OEM-quality repairs at a cost which is way less than
authorized dealerships.
Favorable
market for Multi brand car service Centers: The Indian market is in a
very favorable condition for the multi-brand car service centers. The
government is introducing programs and initiatives that are encouraging
automobile makers to set up a wider base of operations in the country. These
developments are leading to the growth of multi brand service centers in India.
Higher confidence in these multi brands car service centers and growing number
of car PARC is leading to the growth of the Multi-brand car Service Market.
The
report titled “India Multi-Brand Car Service Market Outlook to 2025:
Door Step Car Servicing, Real Time Service Status to Drive the Penetration of
Multi Brand Car Service in India” by Ken Research suggests that multi brand
market is further expected to grow in the near future as the companies would
provide value added services such as providing real time service status and
doorstep service facilities. The market is expected to register a positive CAGR
of 11.9% in terms of revenue during the forecast period of FY’20-FY’25.
By Type of Vehicle
Hatchback
SUV
Sedan
Luxury
Electric
Cars
By Vehicle Age
4-10 Years
>10 Years
<4 Years
By Region
Southern
Region
Northern
Region
Western
Region
Eastern
Region
By Service
Periodic
Maintenance Service
Mechanical
and Electrical Repair
Collision
Repair
Car
Detailing and Car Care
India Spare Parts After Market Segmentation:-
By Type of Spare Parts
Drive
transmission and Steering
Electricals
and Electronic Components
Engine
components
Suspension
and Braking
Consumables
and Miscellaneous
Cooling
Systems
Rubber
Components
Key Target Audience:-
Automotive
companies
OEM Car
Service companies
Multi
brand Car Service companies
Automotive
Spare Parts Companies
Time Period Captured in the Report:-
Historical Period: FY’15-FY’20
Forecast Period: FY’20-FY’25
Multibrand Car Dealers/Service Providers:-
Mahindra
First Choice Service
My TVS
3M Car
Care
Go
Mechanic
Pitstop
Carz
Bosch Car
Service
Spare Parts Aggregators/ Online Marketplaces:-
Boodmo
Partsbigboss
AutoKartz
Spareshub
Mechkartz
For More
Information on the research report, refer to below link:-
India
Multi-Brand Car Service Market
Related Reports:-
No comments:
Post a Comment