Connect with us

Technology

Automotive Repair and Maintenance Services Market to Grow by USD 134.9 Billion (2024-2028) as Road Transport Demand Increases, with AI Redefining the Market Landscape- Technavio

Published

on

NEW YORK, Oct. 15, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Global Automotive Repair and Maintenance Services Market  size is estimated to grow by USD 134.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.21%  during the forecast period. Growing preference for road transportation is driving market growth, with a trend towards expansion of mobile repair services.However, growing use of public transport  poses a challenge – Key market players include ALL-TECH Transmission Inc., Apex Tool Group LLC, Arnold Clark Automobiles Ltd., Asbury Automotive Group Inc., Ashland Auto Repair, Belron International Ltd., Bridgestone Corp., CarMax Inc., Driven Brands Holdings Inc., Firestone Complete Auto Care, Halfords Group Plc, Jiffy Lube International Inc., LeasePlan Corp. NV, Monro Inc., myTVS Accessories, Pendragon Vehicle Management Ltd., Robert Bosch GmbH, Rust Oleum Corp., Sumitomo Corp., and The Goodyear Tire and Rubber Co..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Type (Internal combustion engine and Electric), Service (Tires, Wear and tear parts, Collision body, Batteries, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

ALL-TECH Transmission Inc., Apex Tool Group LLC, Arnold Clark Automobiles Ltd., Asbury Automotive Group Inc., Ashland Auto Repair, Belron International Ltd., Bridgestone Corp., CarMax Inc., Driven Brands Holdings Inc., Firestone Complete Auto Care, Halfords Group Plc, Jiffy Lube International Inc., LeasePlan Corp. NV, Monro Inc., myTVS Accessories, Pendragon Vehicle Management Ltd., Robert Bosch GmbH, Rust Oleum Corp., Sumitomo Corp., and The Goodyear Tire and Rubber Co.

Key Market Trends Fueling Growth

Electric Vehicles (EVs) are gaining popularity due to their eco-friendly nature and ability to reduce harmful air pollution. These vehicles, which can be recharged from external sources of electricity, contribute to improved air quality and reduced health issues caused by pollution. Moreover, if renewable energy is used for charging, EVs can also help decrease greenhouse gas emissions. However, the reliance on electricity for power means that traditional repair and maintenance services for oil changes and part replacements are no longer necessary for EVs. Instead, customers can service their EVs using online parts or remote updates. Consequently, the automotive repair and maintenance services market may experience a decline in growth due to the increasing adoption of EVs, as the need for routine maintenance and repairs will significantly decrease. 

The Automotive Repair and Maintenance Services market is experiencing significant trends in the automotive production sector, with an increasing focus on vehicle fleet size and safety. Independent auto services and service providers are gaining popularity due to their flexibility and cost competitiveness. Dependable maintenance services are crucial for both automotive sales and post-sale services, as vehicle ownership continues to grow. Passenger cars, including electric vehicles, require regular maintenance using advanced diagnostics tools and augmented reality apps. Replacement parts and annual maintenance costs are key concerns for price-sensitive customers. Dealerships and franchise stores are leveraging digital platforms for online presence, price transparency, and software expertise. The passenger cars segment, driven by new car registrations, is a major contributor to the automotive sector. Road safety awareness is a priority, with a growing emphasis on vehicle customization, connected car technologies, and self-driving capabilities. Aftermarket solutions, specialist repair services, and replacement parts cater to the needs of taxis and shared mobility services. CXOs of Elitek Vehicle Services and other industry leaders are investing in big data to optimize operations and improve customer experience. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The escalating issue of air pollution, driven by increasing levels of toxic emissions from commercial vehicles and passenger cars, is compelling governments worldwide to prioritize investments in alternative fuel sources and public transportation. This trend is particularly significant in rapidly urbanizing countries, where deteriorating air quality poses serious health risks and negatively impacts quality of life. As a result, the growth of metro rail systems and other public transport solutions is on the rise, particularly in polluted cities in China. This shift towards public transportation may impact the demand for automotive repair and maintenance services during the forecast period.The Automotive Repair and Maintenance Services market faces numerous challenges in the evolving automotive sector. Diagnostics tools and augmented reality apps require significant software expertise. Dealerships and franchise stores must maintain an online presence and price transparency to attract price-sensitive customers. New car registrations in the passenger cars segment impact aftermarket maintenance demand. Road safety awareness drives the need for high-quality replacement parts and specialist repair services. CXOs in Elitek Vehicle Services grapple with integrating big data from new car technologies, such as sensors and connected car technologies, for predictive maintenance and subscription-based programs. The market includes various vehicle types – passenger cars, two wheelers, hybrid vehicles, commercial vehicles, and luxury vehicles. Taxis and shared mobility services add to the complexity, requiring quick repair time and profitability. Price transparency, annual maintenance costs, and vehicle customization are crucial factors for passenger car registrations. Replacement parts and aftermarket solutions cater to various vehicle types, with profitability depending on the specialist repair services provided. The automotive technology landscape includes self-driving capabilities and various digital platforms, requiring continuous software updates and expertise.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview

This automotive repair and maintenance services market report extensively covers market segmentation by

Type 1.1 Internal combustion engine1.2 ElectricService 2.1 Tires2.2 Wear and tear parts2.3 Collision body2.4 Batteries2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Internal combustion engine-  The internal combustion engine segment of the automotive repair and maintenance services market is experiencing significant growth due to rising demand for passenger and commercial vehicles in developed and developing countries. The lack of widespread electric vehicle charging infrastructure and the popularity of petrol vehicles, along with the increasing production of oil and shale gas, are major contributors to this growth. Additionally, vehicle aging and the expanding demand for shared mobility are increasing repair and maintenance costs. These factors collectively are expected to drive the expansion of the internal combustion engine segment in the automotive repair and maintenance services market throughout the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 – 2021) 

Research Analysis

The Automotive Repair and Maintenance Services Market encompasses the provision of services related to the upkeep and restoration of passenger cars, electric vehicles, and commercial fleet vehicles. With the increasing size of vehicle fleets and the emphasis on safety, the demand for dependable maintenance services is on the rise. Independent auto services and service providers offer flexibility and cost competitiveness, making them popular alternatives to dealerships and franchise stores. Vehicle maintenance involves the regular inspection, servicing, and replacement of vehicle components. Automotive diagnostics tools, augmented reality apps, and big data are transforming the industry, enabling more accurate and efficient repairs. The automotive sales and post-sale services sectors are interconnected, with ownership of passenger cars and new car registrations driving demand for maintenance services. Passenger car registrations continue to grow, with electric vehicles gaining popularity. The automotive sector employs a large workforce of auto repair technicians, offering aftermarket maintenance and vehicle customization services. Online presence and digital platforms are essential for service providers to offer price transparency and convenience to customers.

Market Research Overview

The Automotive Repair and Maintenance Services market is a critical segment of the automotive sector, catering to the needs of vehicle owners for dependable maintenance services. With the increasing automotive production and vehicle fleet size, the demand for maintenance services is on the rise. Vehicle maintenance is essential for ensuring safety, extending the life of vehicles, and maintaining their value. Independent auto services and service providers offer flexibility and cost competitiveness, making them popular choices among price-sensitive customers. The market encompasses automotive sales and post-sale services, including vehicle components, replacement parts, and annual maintenance costs. Passenger cars, electric vehicles, and commercial vehicles all require regular maintenance. Advanced automotive diagnostics tools, augmented reality apps, big data, and connected car technologies are transforming the industry, enabling faster and more accurate repairs. Dealerships and franchise stores offer specialized repair services, while online presence, digital platforms, and price transparency are becoming essential for success in the market. The market also includes aftermarket solutions, specialist repair services, and subscription-based maintenance programs. Automotive technology, such as self-driving capabilities and connected car technologies, are driving innovation in the industry. Auto repair technicians provide aftermarket maintenance services for various vehicle types, including passenger cars, hybrid vehicles, luxury vehicles, and two wheelers. CXOs in the automotive industry are focusing on data analytics, sensors, and software expertise to improve profitability and customer satisfaction. Road safety awareness, vehicle customization, and the rise of shared mobility and online sales platforms are also influencing the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeInternal Combustion EngineElectricServiceTiresWear And Tear PartsCollision BodyBatteriesOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-repair-and-maintenance-services-market-to-grow-by-usd-134-9-billion-2024-2028-as-road-transport-demand-increases-with-ai-redefining-the-market-landscape–technavio-302275552.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Tesla Owns Nearly 1 in 5 AI Answers About EVs. New 5W Index Ranks the Top 25 EV Brands by AI Citation Share.

Published

on

By

EV charging networks — Electrify America, EVgo, ChargePoint — are nearly invisible inside AI answers despite operating the infrastructure the entire category depends on.

MIAMI, July 25, 2026 /PRNewswire/ — 5W AI Communications, the AI Communications Firm, today released the 5W AI Visibility Index — EV, ranking the top 25 EV brands by modeled AI citation share across ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews. Tesla anchors the category at 18.4% — more than the next three brands combined. Rivian is second at 8.2%. Ford is third at 6.4%.

The Index is Volume 07 in 5W’s 2026 Consumer AI Visibility Index series. The full report is available at https://www.5wpr.com/research/ev-ai-visibility-index/.

More than a third of U.S. consumers now begin product research with an AI engine — not Google. For the EV category — where purchase consideration windows stretch six to twelve months and buyers cross-reference range, charging, ownership cost, and long-term reliability across dozens of sources — the answers the engines return are shaping the shortlist before a buyer walks into a dealership.

The Findings

Tesla dominates at 18.4% citation share — cited on virtually every consumer EV query across all five engines. Brand, product, and CEO overlap produce a citation profile no peer can match.Rivian (8.2%) is the dominant adventure-EV authority. The R1T and R1S anchor truck and SUV electric citation.Ford (6.4%) leads legacy automakers. The F-150 Lightning owns EV-truck queries; the Mach-E anchors EV-SUV comparisons.Lucid (4.8%) and Hyundai Ioniq (4.4%) complete the Tier 1 leaders. The Ioniq 5 and Ioniq 6 over-index against U.S. brand recognition.GM sits at #6 with 3.8% — despite scale — because Bolt, Lyriq, and Hummer EV are cited separately rather than as one GM-EV narrative. Ford consolidated its story. GM did not.Toyota (#17) and Honda (#18) are the two largest legacy automakers furthest behind in EV citation. The bZ4X, Solterra, and Prologue cite at rates far below what brand recognition would predict.EV charging networks are absent from the top 25. Electrify America, EVgo, and ChargePoint operate the infrastructure the entire category depends on — and have not built consumer-facing brand citation to match. The category is open.

“Every EV buyer starts inside a chatbox now. Tesla owns nearly one in five answers. The next three brands combined don’t match it. That’s a citation moat measured in AI — not TV budgets, not showroom count,” said Ronn Torossian, Founder and Chairman, 5W AI Communications. “GM is bigger than Rivian by every commercial metric and half its size in the answer. That gap costs sales. The charging networks are the biggest miss in the category — whoever builds the dominant ‘where should I charge’ answer anchors a multi-decade growth curve. Right now, none of them own it.”

The Five Engines Do Not Return Identical Answers

ChatGPT: Tesla, Rivian, Lucid, Ford, Hyundai dominate. Conservative and brand-anchored.Claude: Recurrent and CleanTechnica over-index. Data-source preference. Lighter on enthusiast brands.Perplexity: Reddit EV subreddits dominant. Out of Spec YouTube data heavily cited. Freshness-favored.Google AI Overviews: Tesla, InsideEVs, Edmunds, Kelley Blue Book dominate. Closest to a SERP-mirror.Gemini: YouTube EV creators dominate — Out of Spec, Munro Live, MKBHD at the highest rates.

Engine-aware strategy matters. A brand absent from one engine but present in another needs a different program than a brand absent across the board.

Methodology
Modeled directional estimates derived from publicly available data, observed retrieval patterns, structural signals, and the corresponding Everything-PR Citation Share Study — EV (Issue No. 07). Twenty-five brands, five engines, sixty-plus consumer-prompt query patterns. Not the output of logged query runs across millions of prompts. Intended as a strategic framework — not a definitive search-engine measurement.

The dominant outlets shaping EV citation are InsideEVs, Electrek, Recurrent, Edmunds EV, Car and Driver EV, CleanTechnica, and the Reddit-and-YouTube creator layer. Brand citation share is built primarily through presence inside that specific outlet set — and through Recurrent battery-data partnership for used-EV citation.

About 5W AI Communications
5W is the AI Communications Firm, building brand authority across the platforms where decisions now happen — ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews — alongside earned media, digital, and influencer channels. 5W combines public relations, digital marketing, Generative Engine Optimization (GEO), and proprietary AI visibility research to help clients measure and grow their presence in AI-driven buyer research. Founded in 2003, 5W is recognized as a Top U.S. PR Agency by O’Dwyer’s, named Agency of the Year in the American Business Awards®, honored as a 2026 Top Place to Work in Communications by Ragan, and named to Digiday’s WorkLife Employer of the Year list. 5W serves clients across B2C sectors — Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, and Nonprofit — and B2B specialties including Corporate Communications, Reputation Management, Public Affairs, Crisis Communications, and Digital Marketing across Social, Influencer, Paid Media, GEO, and SEO. Learn more at 5wpr.com.

Media Contact
press@5wpr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/tesla-owns-nearly-1-in-5-ai-answers-about-evs-new-5w-index-ranks-the-top-25-ev-brands-by-ai-citation-share-302834703.html

SOURCE 5W Public Relations

Continue Reading

Technology

TECNO Unveiled as Title Sponsor of The SAFF Championship Bangladesh 2026, Bringing AI Innovation to South Asian Football

Published

on

By

As Official Title Sponsor, TECNO joins hands with SAFF to inspire the next generation through football, innovation, and meaningful fan experiences.

DHAKA, Bangladesh, July 25, 2026 /PRNewswire/ — TECNO, an AI-driven innovative technology brand, officially announced its title sponsorship of the SAFF Championship Bangladesh 2026, South Asia’s premier international football tournament, during the tournament’s official launch ceremony in Dhaka.

Scheduled to take place from 4–17 November 2026, the championship will bring together South Asia’s leading national teams, celebrating the region’s passion for football while strengthening friendship, sporting excellence, and regional unity.

The partnership marks another milestone in TECNO’s global football journey while reinforcing the brand’s long-term commitment to South Asia—one of its most important strategic markets. Guided by its brand spirit, “Stop At Nothing,” TECNO believes football embodies the same values that define the brand: ambition, resilience, innovation, and the courage to pursue every dream.

A New Chapter for South Asian Football

The title sponsorship was officially announced during the SAFF Championship Bangladesh 2026 Official Launch Press Conference held in Dhaka. The event brought together representatives from the South Asian Football Federation (SAFF), the Bangladesh Football Federation (BFF), TECNO’s global and Bangladesh leadership teams, SAFF Member Associations, national team representatives, members of the diplomatic community, media, and digital creators to celebrate the official launch of the championship and TECNO’s role as its Title Sponsor.

Mr. Purushottam Kattel, General Secretary of SAFF, said: “The SAFF Championship represents the highest stage of football in South Asia, bringing together our Member Associations through competition, friendship, and a shared passion for the game. Today, as we unveil the identity of the SAFF Championship Bangladesh 2026, we are delighted to welcome TECNO as our Title Sponsor. This partnership reflects a shared commitment to elevating football across the region, and together we look forward to delivering a championship that inspires millions of supporters and creates lasting memories for South Asian football.”

Following the official logo unveiling ceremony, SAFF and TECNO exchanged the Title Sponsorship Agreement, formally launching their collaboration for the SAFF Championship Bangladesh 2026 and reaffirming their shared commitment to delivering an outstanding football experience for fans across South Asia.

A Shared Vision for Football

Delivering a recorded message during the ceremony, Guo Lei, General Manager of TECNO, reaffirmed the brand’s belief that football is a powerful platform for inspiring young people, connecting communities, and bringing innovation closer to fans.

“South Asia is home to one of the world’s youngest and most passionate football communities. Football has the unique power to bring people together beyond borders and cultures. We are proud to continue TECNO’s football journey through the SAFF Championship Bangladesh 2026 and look forward to working with SAFF to create unforgettable experiences for millions of football fans across the region.”

Speaking on behalf of TECNO Bangladesh, Rezwanul Hoque, CEO of Ismartu Technology BD Limited, said: “Football has become an important part of TECNO’s global journey because it reflects the values we believe in: passion, resilience, and the courage to dream bigger. Following our partnership with the Bangladesh Football Federation during the AFC Asian Cup Qualifiers, we are honoured to continue that journey as the Title Sponsor of the SAFF Championship Bangladesh 2026. Guided by our brand spirit, ‘Stop At Nothing,’ we look forward to working with SAFF and BFF to create a championship that inspires players, unites communities, and leaves a lasting legacy for football across South Asia.”

Welcoming the championship to Bangladesh, Mr. Fahad Karim, Vice President of the Bangladesh Football Federation (BFF), highlighted Bangladesh’s role as the host nation and officially marked the beginning of the journey toward the championship this November.

“Hosting the SAFF Championship 2026 is a proud moment for Bangladesh and an important milestone for football in our country. Today marks the beginning of our journey toward November, and we look forward to welcoming our fellow South Asian nations to Bangladesh for a championship that celebrates football, friendship, and regional unity. We are delighted to welcome TECNO as the Title Sponsor, and together with SAFF, our Member Associations, and our partners, we look forward to making this a memorable tournament for players, supporters, and the entire South Asian football community.”

TECNO’s Global Football Journey Continues

Football has been at the heart of TECNO’s global brand journey for nearly a decade. Through partnerships with Manchester City Football Club, the CAF Africa Cup of Nations, and the AFC Club Competitions, TECNO has consistently used football as a platform to inspire young people, connect communities, and celebrate the power of sport.

In Bangladesh, TECNO strengthened that commitment through its title sponsorship of the AFC Asian Cup Qualifiers in partnership with the Bangladesh Football Federation. The overwhelming passion shown by Bangladeshi supporters reaffirmed the country’s vibrant football culture and inspired TECNO to deepen its engagement with the sport.

The SAFF Championship Bangladesh 2026 represents the next chapter in TECNO’s football journey, reinforcing the brand’s commitment to South Asia and its rapidly growing community of young football fans.

Growing Together with Bangladesh

Bangladesh continues to be one of TECNO’s most important strategic markets. Alongside its growing smartphone business, the brand is expanding its AI ecosystem and strengthening long-term investments in retail, innovation, and local partnerships—reflecting its confidence in the country’s digital future and youthful consumer base.

Beyond technology, TECNO remains committed to empowering the next generation by supporting platforms that encourage ambition, creativity, and meaningful human connection.

Football Meets AI Innovation

Throughout the championship, TECNO plans to showcase AI-powered experiences designed to bring fans closer to the game. Powered by Ella, TECNO’s AI assistant, these experiences are intended to demonstrate how intelligent technology can enrich football engagement through interactive match information, smarter fan interactions, and immersive digital experiences.

By combining the emotional power of football with accessible AI innovation, TECNO and SAFF share a common vision of inspiring young people, strengthening communities, and creating richer experiences for football fans across South Asia.

As the countdown to November 2026 begins, TECNO, SAFF, and the Bangladesh Football Federation share a common ambition—to deliver a championship that celebrates the passion of South Asian football while inspiring the next generation through innovation, partnership, and the enduring spirit of “Stop At Nothing.”

Photo – https://mma.prnewswire.com/media/3007765/image1.jpg

Photo – https://mma.prnewswire.com/media/3007766/image2.jpg

Logo – https://mma.prnewswire.com/media/2724870/TECNO_Logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/tecno-unveiled-as-title-sponsor-of-the-saff-championship-bangladesh-2026-bringing-ai-innovation-to-south-asian-football-302834662.html

Continue Reading

Technology

Tony Jaa Becomes GAC’s 30-Millionth Customer – GAC Wins Global Trust with “True Craftsmanship”

Published

on

By

GUANGZHOU, China, July 25, 2026 /PRNewswire/ — On July 16, at the roll-off ceremony for GAC’s 30-millionth vehicle, Feng Xingya, Chairman of GAC Group, handed over the key to the right-hand-drive GAC M8 PHEV (named GN8 overseas) to Tony Jaa. The milestone vehicle is headed straight for overseas markets.

Thai action superstar Tony Jaa’s choice reflects the trust of 30 million customers worldwide. That trust is built not on showmanship, but on GAC’s solid manufacturing “true craftsmanship.”

From Guangzhou to the world, there are no shortcuts – quality speaks for itself. While the industry runs standard “three-high” tests, GAC pushes further with “five-high, one-mountain, one-dust” extreme vehicle trials. New models undergo at least “two winters and one summer” of validation – a minimum 18 months of real-world road testing, covering 12 major categories and over 1,500 sub-items across wind tunnel labs and proving grounds.

For each overseas market, GAC conducts additional adaptive testing for local climate and road conditions – from Middle Eastern desert heat to Southeast Asia’s humidity and heavy rains.

Quality consistency starts at the smart manufacturing front. GAC’s AION Intelligent Eco-Plant is the world’s first “Lighthouse Factory” for new energy vehicles, featuring full-process digital quality monitoring. Automated robots with AI vision systems deliver millisecond response and millimeter-level precision – ensuring uniform quality whether vehicles roll off lines in Guangzhou or overseas plants.

Safety comes first. GAC’s magazine battery has been deployed in 1.5 million vehicles, accumulating over 160 billion kilometers of safe driving. The Starlink Safety Protection System serves nearly 2 million users, preventing 6.28 million potential incidents.

With this commitment to quality and safety, GAC has established a presence in 110 countries and won the trust of 30 million users. Standing at this new milestone, GAC will continue to refine its craftsmanship and deliver worry-free, high-quality mobility experiences to every customer worldwide.

For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social media.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/tony-jaa-becomes-gacs-30-millionth-customer–gac-wins-global-trust-with-true-craftsmanship-302834637.html

Continue Reading

Trending