According to Future Market Insights report, “Automotive Repair and Maintenance Services Market Global Industry Analysis and Opportunity Assessment, 2016-2026”, the global automotive repair and maintenance services market is anticipated to expand at a CAGR of 5.6% within 2016 – 2026, to exceed US$750 Billion over the next 10 years. Contributing factors to the booming business at a global level include an increase in the average age of vehicles due to declining trend of replacement of vehicles, as well as an increase in mileage due to declining oil and gas prices, which will in turn associate with the wear and tear of parts thus requiring maintenance.
With increasing purchasing power of individuals, safety and security needs by proper maintenance, as well as customer awareness on vehicle upkeep, the future of the service market appears favourable. The major trends and challenges identified to govern the automotive repair and maintenance services market include remote diagnostics for real-time performance assessment, partnerships between smaller locally owned shops and fleet operators, as well as an increasing need in adequately trained workers to maintain hybrid design vehicles.
Tapping on the growth and potential challenges in the automotive repair and maintenance services industry, as well as the success of GarageXpo Asia in 2017, GarageXpo Africa will be launching its inaugural edition on 10 – 12 April 2018 at Gallagher Convention Centre Hall 2, Johannesburg, South Africa. Held alongside Tyrexpo Africa, GarageXpo Africa brings together the automotive aftermarket communities in Africa and the surrounding regions, to showcase the latest ideas, expertise, products and innovations. Anchor your brand at GarageXpo Africa to tap into this network and generate quality business leads via various curated business activities on the show floor.