Bengaluru, May 06, 2016: KEN RESEARCH announced the latest publication on “INDIA MULTI BRAND CAR SERVICING MARKET OUTLOOK TO 2020 – USED CAR SALES AND EXPANSION OF SERVICE NETWORK TO DRIVE FUTURE” which provides a comprehensive analysis of the Multi Brand Car Servicing Industry in India. The report covers various aspects such as market size of the multi brand car servicing market on the basis of revenues, segmentation on the basis of regions, warranty status, car type and service split and detailed competitive landscape of major players in car servicing segment. The report is useful for industry consultants and analysts, service center managers and owners and new players venturing in the market.
The emergence of organized players in multi brand car service market occurred owing to the attractiveness of huge potential in passenger car service market. The market size for organized multi brand car service centers, evaluated at INR ~ million in FY’2015. The market is currently dominated by organized authorized OEMs workshops and independent small garages. The post warranty vehicle (>4 years) service market was mainly captured by small independent local garages while before 4 years, car owners usually get their cars serviced from authorized dealers. The multi-brand car service chains have positioned themselves in between these 2 segments leading to greater competition from both the market segments.
According to the research report, in the forecasted period till FY’2020, the market is poised to grow with the number of multi brand service center likely to reach around ~ by FY’2020. In terms of revenues, the sector is likely to report revenues worth INR ~ million by FY’2020, with a CAGR of ~% in FY’2015-FY’2020.
“Appropriate business model selection is amongst major decision that a business has to make before starting its operations. Until now, there has been no established model for success of these service providers. An ideal business model should be the combination of CoCo and FoFo service centers which can help the company to maintain their cash flow while extending their network presence in different regions through franchisee.” according to the Market Research Analyst, Ken Research
Corporate Comm India (CCI Newswire)
