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.