Automotive Repair Market Collision Repair Industry Statistics
Auto repair industry statistics 2015The US automotive repair and maintenance solutions marketplace will grow 4 percent annually. The market comprises of various sales-valuation models including Do-It Yourself (DIY) packages for the shoppers that favor self-repairing of their personal automobiles. Numerous retailers sell their elements to professional auto service stations and restoration shops. Advancements in these technologies for ancillary goods along with other solutions that consist of denting, physique repairs, and painting will further augment the sector demand.
Rapidly evolving paints and coatings technology, which meets latest protective automobile materials and aesthetic demands, is the essential factor for growth of this segment in the automotive sector. Paints and coatings are anticipated to witness larger adoption in high-volume markets more than the forecast period, owing to surging environmental issues pertaining to use of detrimental synthetic coatings and refinishing supplies.
The world market for automobile washing services is expected to generate revenue of far more than $27 billion by 2017, according to study from International Industry Analysts. Market place development will be fuelled by financial recovery, climbing prices of new automobile sales and increasing levels of disposable income. Growth in the automobile wash business is closely linked to levels of automobile sales, which left the vehicle wash industry specifically vulnerable for the duration of the financial crisis as the auto market suffered from declining sales. Other factors that influence marketplace development incorporate unexplored emerging markets, technological innovation and the implementation of strict environmental standards.
Market Research Data, Analysis & Trendsauto repair industry statistics 2016
automotive repair industry statistics canadaThe US automotive repair and maintenance solutions market place will develop 4 % annually. Based on automobile sort, the market place for automotive collision repair has been segmented into light-duty autos and heavy-duty automobiles. The light-duty automobiles segment comprises hatchbacks, sedans, SUVs, and crossover vehicles. The heavy-duty cars segment, on the other hand, comprises commercial and multi-axle cars such as trucks and buses.
An additional essential feature of our report is the evaluation of the global automotive repair and maintenance services marketplace and the corresponding income forecast in terms of absolute dollar opportunity. This is normally overlooked even though forecasting the industry. Absolute dollar opportunity is critical in assessing the level of opportunity that a provider can appear to attain, as well as to determine potential resources from a sales point of view in the international automotive repair and maintenance services market. Additional, to understand essential industry segments in terms of their development and overall performance in the worldwide automotive repair and upkeep solutions marketplace, we have created a marketplace attractiveness index to aid providers determine existing market place opportunities.
Primarily based on solution, the automotive collision repair marketplace is segmented into paints and coatings, consumables, and spare parts. Paints and coatings and consumables incorporate colored paints, scratch-resistant coatings, refinishing components, engine motor oil, and resin supplies. Spare components utilized in automobile service delivery consist of crash parts, repair materials, supplementary mechanical components, restoration components, and tools.
Automotive Repair And Maintenance Services Market Is Projected To Expand At A CAGR
auto repair industry statistics 2016The US automotive repair and maintenance solutions market will grow four % annually. Innovators and Disruptors in adjacent industries that could also influence the Basic Automotive Repair sector. The United States dominates the world automotive repair & upkeep solutions industry gaining momentum from 2012 onwards. Oil & lubricants is the quickest expanding segment in US followed by physique painting & repairing. The international automotive repair and upkeep solutions is anticipated to develop at a double-digit CAGR in the course of 2016-2022.
In 2018, the federal government spent a total of $91,240,123 on Common Automotive Repair. It has awarded 1862 contracts to 1008 companies, with an typical value of $90,516 per firm. At the beginning of 2014, only six% of respondents were probably to lease their subsequent automobile, although now, 9% of respondents are likely to lease their next automobile. This coincides with recent industry reports that leased autos are at an all-time higher.
IBISWorld’s Motor Automobile Engine and Components Repair and Maintenance market place analysis report can be utilized to support you: realize marketplace size and growth prospective significant companies draft enterprise plans and pitch books and conduct benchmarking and SWOT evaluation. Our industry evaluation highlights macro industry trends in the overall sector and micro trends faced by companies that do enterprise in the business. The business report also provides crucial sector statistics and five-year forecasts to anticipate future industry prospects so you can determine with self-assurance.
Automotive Repair Businessautomotive repair industry statistics canada
automotive collision repair industry statisticsRight here are some fascinating automotive repair trends on buyers looking for automobile maintenance and repair services, for each Do It Yourself (DIY) and Do It For Me (DIFM) vehicle owners. The international automotive aftermarket business is expected to attain $722.eight billion by 2020 Today’s consumers are keeping their vehicles longer and are much more aware of the value of preventive maintenance and scheduled servicing to maximize the lifetime worth of their autos. This rising demand for aftermarket components and services is spurring new growth and revenue possibilities for a wide variety of companies operating in the automotive aftermarket business.
IBISWorld’s Motor Car Upkeep & Repair marketplace investigation report provides the newest business statistics and sector trends, allowing you to determine the goods and customers driving revenue growth and profitability. The industry report identifies the leading companies and gives strategic sector analysis of the important factors influencing the market.
The study also considers market atmosphere aspects, particulars business structure, evaluates organization market share and profiles 33 major business players which includes AutoNation, United Auto Group, Wal-Mart, Sonic Automotive, Royal Dutch Shell, and Bridgestone. Investors, banks, and company executives use development rates and industry trends to understand the market outlook and opportunity.