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2021
Car Service Application Market

Car Service Application Market by Marketplace (Apple iOS Store, Google Play Store, and Other Market Places), Services (Engine, Transmission, Brakes, Suspension, Electrical, Tires, Body, Belts, and Accessories), and Vehicle Type (Passenger Vehicles and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Dec 2021 | 147 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Car service includes companies that offer aftermarket maintenance and servicing of the vehicles to improve the life of the vehicle by replacing its consumable products such as tires, batteries, wear & tear parts, air filters, cabin filters, oil filters, wiper blades, collision body, starters & alternators, and others. Currently, with the rise in digitalization car service application plays an important role to provide extensive maintenance services. Moreover, the application ensures that the users can understand & monitor their cars if there is any fault and accordingly suggest the maintenance required. Furthermore, the application reduces the burden of the users rather than visiting the garages physically the application is the one-stop solution where the users can enter their car problem and accordingly get the quotes from all the garages providing that service. In addition, this enables the users to compare the quotes of various service providers and decide accordingly. The application also provides various offers & discounts and doorstep services in which the car gets picked up for service & delivered when fixed thus saving the users time, effort, and money.

Market Scope and Structure Analysis

Report Metric

Details

   Market size available for years

  2020–2030

  Base year considered

  2020

 Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

  Market Place, Services, Vehicle Type, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Spritmonitor, Totalcarcheck, Drivvo, Fuelio, Carfax Car Care, Gasbuddy, Gomechanic, InCarDoc, Carlcare, and OBDeleven

 

COVID-19 Impact Analysis
Due to COVID-19, the government across all the major countries has announced lockdown leading to business shutdowns. Since, all the car manufacturing, maintenance & service have been halted and the sale of the car has also fallen thus, it affects the demand for car service. Moreover, lockdown and travel restrictions led to the unavailability of labor required for car servicing which further affected the operation. 
Car service application is an evolving sector that was negatively affected due to the pandemic. In addition, with the rise in sales of cars the demand for maintenance & service will boost the growth of the car service application market post the pandemic.
Top Impacting Factors 
Increase in demand for commercial vehicles, rise in safety of vehicles, and surge in demand for efficient & low-cost car service are projected to drive the growth of the market. 
However, lack of awareness of service application and frequent application maintenance required are expected to hamper the growth of the market. 
Moreover, high demand for electric vehicles, increase in aftermarket service & maintenance, and easy problem detection & solving can act as great opportunities for the growth of the market.
Market Trends
Demand for electric vehicles 

  • The market for electric vehicles is increasing thus, impacting the growth of the automotive industry. Since the electric vehicle has various advanced features along with usage of the internet of things (IoT) it will also be better compatible with the car service application. The annual sales of plug-in electric cars crossed the 400,000 mark in 2019, gathering more than 1 % of the U.S. overall vehicle sales share. 
  • For instance, according to the International Energy Agency (IEA), the number of electric vehicles (EVs) is likely to grow up to 125 million in 2030 from just 3.1 million in 2017. Tesla opened 25 new service centers and added 100 new service vehicles to its existing fleet in August 2019. Thus, all these developments in electric vehicles act as an opportunity for the growth of the car service application market.

Key Segments Covered

Segments

Sub-segments

  Market Place

  • Apple iOS Store
  • Google Play Store
  • Other Market Places

  Services

  • Engine
  • Transmission
  • Brakes
  • Suspension
  • Electrical
  • Tires
  • Body
  • Belts
  • Accessories

  Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

 

Key Benefits of the Report

  • This study presents the analytical depiction of the car service application market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with the challenges of the car service application market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the car service application market growth scenario.
  • The report provides detailed car service application market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Report

  • Which are the leading market players active in the car service application market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the car service application market?
  • What are the projections for the future that would help in taking further strategic steps? 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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