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Indian Multi Brand Car Servicing Market Growing with the Entry of Big Players in the Multi Brand Segment: Ken Research

“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 Indiaby 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.

india-multi-brand-car-service-market

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

For More Information on the research report, refer to below link:-

India Multi-Brand Car Service Market

Related Reports:-

Indonesia Used Car Market Outlook to 2025 – By Market Structure (Organized & Unorganized), By Type of Car (MPVs, Hatchbacks, SUVs & Others), By Brand (Toyota, Honda, Daihatsu, Suzuki & Others), By Vehicle Age, By Mileage, By Customer Age and By Region (DKI Jakarta, East Java, West & Central Java, North Sumatera & Others)

KSA Automotive Industry Outlook to 2025 – Focus on Technology Adoption & Trends for Dealers, Distributors, Spare Parts Suppliers, Fleet and Leasing Companies and Car service providers

India Rental Two Wheeler Market Outlook to 2025 – Driven by Introduction of Electric Vehicles and Adoption of Dockless System in Vehicles

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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