According to the research report titled, ‘Authorized Car Service Center Market Size By Auto Body Workshops (OEM Authorized Workshops, Organized Multi-brand Service Providers), By Service (Engine, Transmission, Brakes, Suspension, Electrical, Tires, Body, Belts & Accessories), By Vehicle Age (Less than 3 years, More than 3 years) Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with MarketStudyReport, global authorized car service center market is anticipated to surpass USD 300 billion in valuation by 2025.
 

Increasing sale of passenger vehicles and favorable government policies as well as initiatives for expanding the automobile sector are prime factors boosting the growth of global authorized car service center market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/1206941/
 

Escalating investments by automakers to amplify their manufacturing facilities, emergence of next generation vehicles equipped with complex mechanical and electronic systems, and rigid government regulations aimed at improving fuel economy are also augmenting industry outlook.
 

On the contrary, rising number of unauthorized car service centers are hampering the remuneration scope of the marketplace.
 

Based on auto body workshops, the organized multi-brand service providers segment is slated to observe considerable gains, primarily driven by high quality repairs offered by several service providers at a reasonable cost.
 

In terms of service, the body segment holds a substantial market share at present creditable to frequent repairs related to scratches and dents.
 

Meanwhile, the engine segment is expected to capture a market share of 12% by 2025 owing to its ability to cope with significant degrees of pressure or temperature. Besides, the engines lately are equipped with turbochargers which help in enhancing engine performance, thereby fueling the segmental size.
 

With respect to vehicle age ambit of global authorized car service center market, the more than 3 years segment is speculated to capture a major market share by 2025 accreditable to the periodic maintenance of these automobiles to ensure proper operation and compliance to strict regulatory policies.
 

Moving on to the geographical ambit, regions like North America, Europe, Middle East & Africa, Latin America, and Asia Pacific are considered to understand the business dynamics. Among these, Asia Pacific market is projected to expand at a considerable rate over 2019-2025, primarily driven by rising vehicle sales in nations like China, India, and Australia.
 

Meanwhile, Eastern Europe market is likely to bolster substantial returns over the analysis timeline due to the increasing number of vehicles in countries like Hungary, Croatia, Czech Republic, Poland, and Romania.