2 crucial factors that will help Indian Multi-Brand Car Service Market to enhance and expand in future: Ken Research
Multi-brand car service centers provide services for a plethora of car brands. These multi-brand service centers provide warranty on car services along with genuine OEM and OES flexible spare parts, 100% transparency, and accountability with upfront pricing. All these services are gaining the trust of the consumers and attracting a large number of car owners for servicing. Due to this, the market registered~37% growth rate during 2015 and 2020. Value-added services like real-time service status and doorstep car delivery are expected to gain high traction in the future. Besides it, there are more factors that will help the multi-brand car service sector to expand in the coming years. To know about those factors, keep reading.
1. Car Servicing in India is growing on the back of increasing car density & diminishing average age of car ownership
2. Authorized Service Centers & Independent Garages form the 2 major alternatives for car service in India
3. Multi-Brand Car Servicing is a blend of Authorized Car Service & Independent Garages
4. Multi-Brand Car Servicing is emerging as the ideal solution for Car Owners in India
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5. Emerging Revenue Sources for Multi-Brands include Enterprise Car Servicing & Spare Parts Supply to Independent Garages
6. Mergers & Acquisitions have enabled Multi Brand Car Service companies to expand their regional presence and market share in India
7. To expand more, Multi-Brands are now encouraging automotive enthusiasts & entrepreneurs to take up franchisees
7.1 Further, Technology plays a crucial role in enhancing convenience, accessibility & adoption of multi-brand car service centers and will help the market to flourish in future
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India Multi-Brand Car Service Market
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