Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Automotive Dealership Market Size is Expected to Grow from USD 5.32 Billion in 2023 to USD 6.86 Billion by 2033, Growing at a CAGR of 2.57% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Automotive Dealership Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (New Vehicles, Used Vehicles, Certified Pre-Owned Vehicles), By Dealership Type (Single Owned, Multiple Owned), By Sales Channel (Online, Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis And Forecast 2023 – 2033
The international automotive dealership market refers to the business concerned with the sale, leasing, and servicing of vehicles. It also includes both physical showrooms and online platforms that facilitate vehicle transactions. The market growth is driven by the development in the automotive sector and shifting consumer preferences towards vehicle purchase. Moreover, high internet penetration and technology development exceed the market growth. Further, spending substantial investments to upkeep the cars or purchasing a consumer seeking for rental or pre-owned car, which drives the market growth. Furthermore, collaboration between key market players boosts the market expansion. However, the market growth faces several obstacles, like economic uncertainty, considerable investment for experts and labor costs, and strict regulatory laws.
The certified pre-owned vehicles segment held a significant share of the global automotive dealership market in 2023 and is anticipated to grow at a rapid pace over the forecast period.
On the basis of the vehicle type, the global automotive dealership market is classified into new vehicles, used vehicles, and certified pre-owned vehicles. Among these, the certified pre-owned vehicles segment held a significant share of the global automotive dealership market in 2023 and is anticipated to grow at a rapid pace over the forecast period. This is because instead of spending a high disposable income, and waste money on their upkeep.
The single owned segment held the highest share of the global automotive dealership market in 2023 and is anticipated to grow at a notable CAGR over the forecast period.
On the basis of the dealership type, the global automotive dealership market is divided into single owned and multiple owned. Among these, the single owned segment held the highest share of the global automotive dealership market in 2023 and is anticipated to grow at a notable CAGR over the forecast period. This is because of their adaptability, reduced operational costs, and capacity to provide individualized services.
The online segment accounted for a significant share of the global automotive dealership market in 2023 and is anticipated to grow at a rapid pace over the forecast period.
On the basis of the sales channel, the global automotive dealership market is segmented into online and offline. Among these, the online segment accounted for a significant share of the global automotive dealership market in 2023 and is anticipated to grow at a rapid pace over the forecast period. This is due to the rising networking of high internet penetration, which leads to reducing consumers' time having catering collect information displayed on websites or apps with comparative status.
Asia is projected to hold the largest share of the global automotive dealership market over the forecast period.
Asia is expected to hold the greatest share of the global automotive dealership market over the forecast period. The regional market is propelling due to the presence of key automakers, rising and shifting consumer choice, and a developed infrastructure. Moreover, rising disposable incomes, growing urbanization, and government programs to encourage car sales are all predicted to contribute to the regional market expansion. India is one of the key marketplaces for regional market development.
Europe is anticipated to grow at the fastest CAGR of the global automotive dealership market over the forecast period. The market expansion throughout the region is further driven by the presence of key automakers and their ongoing development. Moreover, regional authorities strongly emphasize on sustainable mode of transportation that influences the market expansion across the region. Germany is the major auto hub for the automotive sector due to sophisticated techniques with R&D facilities, and robust distribution networks drive the market growth.
Company Profiling
Major vendors in the global automotive dealership market are DARCARS, Group 1 Automotive, Sewell Automotive Companies, Berkshire Hathaway Automotive Group, AutoNation, Hendrick Automotive Group, Rusty Wallace Automotive Group, Jim Ellis Automotive Group, Lithia Motor, Fitzgerald Auto Mall, Penske, Sonic Automotive, Germain Motor Company, Asbury, AutoCanada, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive dealership market based on the below-mentioned segments:
Global Automotive Dealership Market, By Vehicle Type
Global Automotive Dealership Market, By Dealership Type
Global Automotive Dealership Market, By Sales Channel
Global Automotive Dealership Market, By Regional
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