Technological Advancements Transforming the Vehicle Periodic Maintenance Market Landscape

kaustubh ravan 2024-09-06

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The vehicle periodic maintenance industry, valued at US$ 901.7 billion in 2023, is projected to grow at a CAGR of 3.9% from 2024 to 2034, reaching US$ 1,381.6 billion by 2034.

Growth in automotive sales, and rise in demand for quick and reliable services offered by authorized service centers are driving the vehicle periodic maintenance market size. Increase in disposable income and surge in focus on vehicle safety have prompted a significant rise in expenditure on vehicle maintenance.

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