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” provides a comprehensive analysis of multi brand car service market in India.
The report focuses on the multi brand car service market
size, India multi brand car service market segmentation by Type of Vehicle (Hatchback,
SUV, Sedan, Luxury, Electric Cars), by Type of Vehicle Age (4-10 Years, >10
Years, <4 Years), By Region (Southern, Northern, Western & Eastern
Region), By Service (Periodic Maintenance Service, Mechanical and Electrical
Repair, Collision Repair & Car Detailing and Car Care). The report also
covers the Regional Multi-Brand Service Center Hotspots, Operating Model of
Multi-Brand Car Servicing Players, Partnership Model for Multi-Brand Car
Service, Technology Model for a Multi-Brand Car Service Centre, M&A
Activity in the Multi-Brand Car Service Space, Decision Making Parameters for
Selecting a Service Centre, Porters Five Forces Analysis, Challenges faced by
Multi Brand Car Service Companies, Cross-Comparison of Major Multi-Brand Car
Service Companies, Pricing Comparison of Major Multi-Brand Car Service
Companies, Company Profiles of Major Companies, India spare parts aftermarket
size, Cross Comparison of Major Spare Parts Aggregators/ Online Marketplaces, Unorganized
Car Service in India Overview, Challenges Faced by Independent Garages, Opportunity
Areas in Unorganized Garage Segment, Case Study. The report concludes with
future market projections on the basis of overall multi brand car service
revenue and analyst recommendations highlighting the major opportunities and
Success Strategies.
India Multi Brand Car Service Market
Multi
brand car service industry revenue stood at INR ~ Cr in FY’2020 and recorded a
CAGR of 36.4% during FY’15-FY’20. Multi brand car service centers are majorly
preferred by the users with out-of-warranty cars. Car insurance companies also
highly prefer multi-brand centers as they provide OEM-quality repairs at a cost
way less than authorized dealerships.
Lower
cost of multi brand service centers & Availability of quality spares from
reputed suppliers is leading to the growth of multi brand car service centers
in India. The market is witnessing emergence of Tech Enabled Auto Servicing
startups to consolidate the huge unorganized ‘garage’ segment of service. Automotive
slowdown & the COVID-19 pandemic brought a sustained downward trend in new
passenger car sales in FY’21.
By Type of Vehicle (Hatchback, SUV, Sedan, Luxury, Electric
Cars): The Hatchback vehicle segment was
observed to dominate the multi brand car service market followed by SUV, Sedan,
Luxury & Electric cars in FY’20. Higher demand for Hatchback in the India
market leading to higher service requirement for Hatchback.
By Vehicle Age (4-10 Years, >10 Years, <4 Years): Vehicles aged between 4-10 dominated the multi brand car
service market in India as these vehicles require servicing more frequently as
compared to other categories.
By Region (Southern, Northern, Western & Eastern Region):
People in Southern Region are conservative in nature due to
pocket constraints and prefer multi-brands over expensive authorized OEM
service leading to higher share in the market.
By Service (Periodic Maintenance Service, Mechanical and
Electrical Repair, Collision Repair & Car Detailing and Car Care): Periodic Maintenance Service segment was observed to dominate
the multi brand car service market in India in FY’20. Annual frequency of car
service in India is 2 years.
India Spare Parts After Market
Passenger
Cars Spare Parts Aftermarket Industry revenue stood at INR ~ Cr in FY’20 and
recorded a CAGR of 13.7% during FY’15-FY’20. Increase in spending capacity,
changing consumer habits, rise in demand of organized sector has led to
expansion online aftermarket industry in India.
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: Drive transmission, Steering, Electricals and Electronic Components
dominating the demand for spare parts in India followed by Electricals and
Electronic Components and others.
Comparative Landscape in India Multi Brand Car
Service Market
The competition structure in India Multi Brand Car Service is
fragmented in nature. The multi brand car service companies were observed to
compete on the basis of Regional Presence,
Workshop Network, Service Lead Time, Price and Customer Service.
India Multi Brand Car Service Market
Future Outlook and Projections
Value added services such as real time service status and door step car delivery is expected to gain high traction in future. Growth in the EV ecosystem in the country is expected to create new opportunities for multi-brand car servicing. Over the forecast period FY’2020-FY’2025F, the India multi brand car service market Revenue is further anticipated to increase to INR ~ Cr by the year FY’2025F, thus showcasing a CAGR of 11.9%.
Key Segments Covered in India Multi Brand Car Service Market:-
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
Key Topics Covered in
the Report:-
India Car Servicing Market
Overview
India Multi-Brand Car Servicing
Market Analysis
India Spare Parts Aftermarket
Industry
Operating Model Ecosystem of
Multi-Brand Car Servicing Players
Operating Model of Multi-Brand Car
Servicing Players
Franchisee Requirements for
Operating a Multi-Brand Car Service Center
Partnership Model for Multi-Brand
Car Service
Technology Model for a Multi-Brand
Car Service Centre
Cross-Comparison of Major
Multi-Brand Car Service Companies
Company Profiles of Major Companies
Cross Comparison of Major Spare
Parts Aggregators/ Online Marketplaces
India Unorganized Car Service
Market
Future Landscape of Multi-Brand
Car Service in India
Case Study Analysis
For More
Information on the research report, refer to below link:-
India
Multi-Brand Car Service Market
Related Reports:-
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