The growth potential of Africa’s automotive repair and maintenance services market is staggeringly exciting. GarageXpo Africa 2018 will bring together the continental marketplace in conjunction with Tyrexpo Africa 2018, as well as RubberTech South Africa 2018, in amalgamating the platform into a true one-stop sourcing solution for the automotive industry. Tapping its’ growth momentum, GarageXpo Africa 2018 will provide an unprecedented opportunity for you to showcase your products and solutions to a targeted group of buyers from Africa and the surrounding regionsRead more
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 appear 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 for adequately trained workers to maintain hybrid design vehicles.