According to a recent report, it has been revealed that the Asia Pacific region authorized car service industry will witness over 3% growth in 2019. This growth will be because of the high urbanization rate and the increase in disposable income in these countries. The rising demand for a personal vehicle and the increment in the accident would help to ensure the growth of the share of the regional authorized car service center market.

Also, the report highlights that the growth rate of authorized car service center market for organized multi-brand service providers will grow over 2.5% in 2019. The factors which would be responsible for this growth are reasonable labor costs, availability of spare parts, extended warranties, and transparent spare parts pricing. And once the warranty period is over, people go for organized multi-brand car service centers due to their affordable servicing plans, good discounts offered, and other occasional offers.

Out of all the car parts, the body segment will hold the maximum revenue share due to the rising accidents on the roads. Due to the high demand for body parts, the cost of this segment is increasing on a large scale which is contributing to an increase in the size of industry.

Well, due to frequent wear and tear of the vehicle components and strict rules related to pollution, most of the old vehicles are opting for modification in parts. This has led to the growth of authorized car service centers in the European region as well. For example, Free Collection Car Service Mot Booking is one such branch in Reading Berkshire, which has been growing at a great rate. Mahindra First Choice, MyTVS, Mobil1, Castrol, Carnation Auto are some of the authorized car service center market players which have been working hard to increase their market share.