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.