Increase in Average Age of Vehicles Advancements in technology have led to improvement in the quality of materials used for automobile manufacturing, which has subsequently increased the average lifetime of vehicle. Use of automotive turbochargers, start-stop systems and emission control catalysts have improved vehicle fuel economy which has positively impacted on service life of vehicles. In the view of increasing reliability, the number of vehicles which are in the range of 16-24 years old, has increased significantly across the globe. According to a survey, customers are keeping their old cars as second hand vehicles rather than reselling or scrapping them, which results in significant need for repair and maintenance services, thereby potentially fuelling the market growth.

Online Retailing of Aftermarket Parts Affecting Traditional Outlets Recent surveys and studies on automotive aftermarket sales have concluded that online retailing of automotive parts will have a negative impact on the business of traditional outlets, such as service centers and dealerships. E-retailers such as Amazon offer products at much lower prices, adding pressure on automotive dealerships to reduce their costs, which in turn, may restrain the growth of the automotive repair and maintenance services market during the forecast period. Moreover, integration of B2B and B2C business models, which specifically target DIY customers, further derail the business of specialty and locally owned repair shops. Such factors are likely to represent a potential threat for stakeholders active in the automotive repair and maintenance services market.

Motor Regulations in Developing Countries Governments of developing countries are catching up with other countries in terms of implementation of regulations regarding environmental sustainability and improving the safety of passengers. This would lead to mandatory installation of anti-lock braking systems in vehicles and designing of engines in such a way that they fulfill regulation criteria. As a result, the demand for automotive repair and maintenance services in developing countries is likely to ramp up in the foreseeable future.