Automotive Repair And Maintenance Market 2022 – Opportunities And Strategies – Global Forecast To 2030
The Business Research Company’s Automotive Repair And Maintenance Market Report – Opportunities And Strategies – Global Forecast To 2030
LONDON, GREATER LONDON, UK, October 24, 2022 /EINPresswire.com/ — A growing sense of sustainability and a focus on reducing waste will result in more automotive vehicle repairs, which will drive the market for the automotive repair and maintenance market size during the forecast period. Automotive waste from disposed vehicles and their parts is one of the emerging problems in developed and developing countries worldwide. This waste can have an adverse impact on human health and the environment because it can contain toxic substances. The car recycling industry is the 16th largest in the US, contributing $25 billion a year to the national GDP. Every year, more than 14 million tons of recycled steel are derived from junk vehicles. On average, a car has around 25% of its body made from recycled steel. People are also showing concern for environmental pollution for their discarded automotive products, thus trying to repair their automotive parts, which is driving the market growth.
The global automotive repair and maintenance market size is expected to grow from $0.75 trillion in 2021 to $1.24 trillion in 2026 at a rate of 10.5%. The global automotive repair and…
