The Business Research Company’s Automotive Repair And Maintenance Global Market Report 2021: COVID-19 Impact And Recovery To 2030
LONDON, GREATER LONDON , UK, June 17, 2021 /EINPresswire.com/ — According to the new market research report ‘Automotive Repair And Maintenance Global Market Report 2021: COVID-19 Impact And Recovery To 2030’ published by The Business Research Company, the global automotive repair and maintenance market is expected to grow from $641 billion in 2020 to $690.7 billion in 2021 at a compound annual growth rate (CAGR) of about 7%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $879 billion in 2025 at a CAGR of 6%. Increasing disposable income is the main driver of the market.
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The automotive repair and maintenance market consists of sales of automotive repair and maintenance services by entities (organizations, sole traders and…