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.
India Multi Brand Car Service Market
Segmentation
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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