Auto repair industry statistics 2018The US automotive repair and maintenance solutions market place will develop 4 % annually. There has been an increase in vehicular damage caused by accidents, which directly influences the revenue generated in the worldwide marketplace for automotive collision repair. A lot of automobile retailers sell Do-It-Oneself (DIY) kits to shoppers who choose to repair their cars at home with no any assistance. This trend is observed in numerous suburban parts of Latin America and Asia Pacific. In 2016, the typical number of repairs reached its peak in U.S. and China. Average repair price connected to automotive collision repair reached a maximum in U.K. in the very same year.
This study analyzes the $86.2 billion US automotive repair and maintenance service sector. It presents historical demand information for 1995, 2000 and 2005 and forecasts to 2010 and 2015 by service kind (e.g., mechanical, exterior and structural, electrical, electronics) and by service provider (e.g., new car dealers, common repair and service stations, physique shops, specialists, tire retailers and repair chains, quick lubes).
The report also reveals the considerable financial contribution produced by the UK automotive aftermarket, which delivers an annual £12.2 billion direct to the UK economy and supports more than 345,000 British jobs. As the number and age of vehicles on UK roads increases, thanks to a healthier new car marketplace, ever-enhancing high quality and ever-a lot more sophisticated servicing techniques, by 2022 the UK aftermarket is projected to be worth some £28 billion with an employee base of around 400,000.
The Prime 7 Trends In The Auto Business For 2017 TechCrunchauto repair industry statistics 2016
automotive collision repair industry statisticsThe US automotive repair and maintenance solutions market place will grow four percent annually. The service sector of business also recognized as the tertiary sector is one of the three significant sectors in the market. The service sector emerged as the key sector of the economy each in growth and share in gross domestic product (GDP) in the 1990s. This sector has shown uniform development and has shown that it is resilient even to the economic adversities even during down turn of the sector.
Aspects such as enhance in average age of car due to technological advancements and increase in the typical miles driven per automobile tend to improve the demand of automotive repair and upkeep services more than the forecast period. Furthermore, with increase in the road safety awareness in the individuals, the average repair and maintenance expenditure by an person is anticipated to increase. This will further offer a enhance to the industry development. Additionally, improve in the sales of employed cars in many regions would further increase the demand of automotive repair and upkeep services more than the forecast period.
IBISWorld reports on thousands of industries around the world. Our consumers rely on our details and information to keep up-to-date on business trends across all industries. With this IBISWorld Market Research Report on Motor Car Engine and Components Repair and Upkeep, you can anticipate thoroughly researched, trustworthy and existing information that will support you to make faster, greater business choices.
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auto repair industry statistics 2018Right here are some exciting automotive repair trends on buyers browsing for vehicle upkeep and repair solutions, for each Do It Your self (DIY) and Do It For Me (DIFM) automobile owners. Some of the major players identified in the global automotive repair and upkeep services industry are Jiffy Lubes International Inc., Driven Brands Inc., Asbury Automotive Group Inc., Sumitomo Corporation, Belron International Ltd., Monro Muffler Brake Inc., Firestone Comprehensive Auto Care, Goodyear Tire & Rubber Co., Ashland Automotive Inc., and Carmax Autocare Center.
Our report offers detailed insights into the international automotive repair and maintenance services market place in terms of worth (US$ Mn). The report also consists of an in-depth analysis of different variables that we predict will drive and influence the market. Recent trends and opportunities in the international automotive repair and upkeep services market place are also incorporated in the report to offer clientele with certain choice generating insights. The subsequent sections analyse the international automotive repair and maintenance solutions market on the basis of solutions and parts, service provider, vehicle kind, and area.
Over the past few months, we have been diving deep into the customer retail and auto market to tease out signals and trends that could in the end have substantial effect. To compliment that study, we decided to venture into an adjacent market to perform higher-level investigation for the customer auto component repair sector. We’ve looked at ‘Reilly Automotive (ticker symbol: ORLY) as a reference point.
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auto repair industry statistics ukThe US automotive repair and upkeep services marketplace will develop four percent annually. Although the increasing price of living has place a dent in the oil change solutions market place, franchising and outsourcing by firms and households have fostered development and produced sector players much more competitive. In the next few years, the industry will be shaped by numerous other aspects like technological advances, the introduction of a new kind of motor oil on the marketplace and the rising use of synthetic oils. Buyer care and good quality service will supply the primary grounds on which businesses compete.
With far more than 42,500 automobile service and repair areas of all varieties, the UK aftermarket is a large, diverse and very competitive business. With a robust franchised dealer network and the biggest share of work carried out by independently owned firms in Europe at 64%, it provides shoppers a wide option of where and how they have their automobiles serviced – and how a lot they commit. Parts and labour costs at independent outlets can be up to 65% and 45% decrease respectively.
IBISWorld’s Motor Automobile Maintenance & Repair market research report supplies the latest industry statistics and market trends, enabling you to identify the products and buyers driving income development and profitability. The sector report identifies the top companies and provides strategic industry evaluation of the key elements influencing the industry.
