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Major companies in the automotive repair and maintenance market include Arnold Clark Automobiles Limited; Asbury Automotive Group; Ashland Automotive; Belron International Ltd. and Carmax Autocare Center.
The global automotive repair and maintenance market is expected to grow from $641. 4 billion in 2020 to $690. 07 billion in 2021 at a compound annual growth rate (CAGR) of 7. 6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $879. 4 billion in 2025 at a CAGR of 6%.