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Trends In The Auto Market For 2017 Tech Crunch Auto Repair Industry Statistics

Trends In The Auto Market For 2017 Tech Crunch Auto Repair Industry Statistics

Automotive repair industry statistics canadaHere are some intriguing automotive repair trends on shoppers browsing for car upkeep and repair services, for both Do It Oneself (DIY) and Do It For Me (DIFM) vehicle owners. The report also reveals the considerable financial contribution created by the UK automotive aftermarket, which delivers an annual £12.2 billion direct to the UK economy and supports a lot more than 345,000 British jobs. As the quantity and age of autos on UK roads increases, thanks to a healthful new vehicle market place, ever-enhancing quality and ever-a lot more sophisticated servicing methods, by 2022 the UK aftermarket is projected to be worth some £28 billion with an employee base of about 400,000.

Auto repair industry trends clearly show that the market will continue to benefit from the aging of automobiles, reports International Sector Analysts, and the many production flaws which at times force companies to quit promoting certain models (e.g. Ford in 2015 with their Edge Crossover ). Established markets like Japan, the US and the EU have witnessed technological advances and superior tooling of parts and accessories, which has extended the lifespan of automobiles. This has provided rise to a higher number of old autos, with the typical median age of automobiles in created nations reaching the ten-year mark, compared with 15 to 20 years in building markets. The falling trend of automobile replacement, combined with the rising quantity of cars on the road will up demand for repair and upkeep solutions more than the coming years.

Study items and services in the General Automotive Repair sector generating sales. Note that merchandise are broken into categories with various levels of classification. Reuters recently reported that U.S. auto market sales in 2013 increased nearly eight %, to 15.six million vehicles, from 2012, and sales were the strongest since 2007. The global automotive repair and upkeep sector encompasses services that keep car attributes and systems operating smoothly. Autos are made much more dependable by repair and maintenance services, prolonging their lifespan and enhancing vehicle efficiency.

Marketplace Study Information, Evaluation & Trendsautomotive repair industry statistics

auto repair industry statistics 2018The US automotive repair and maintenance solutions industry will develop 4 % annually. The service sector of sector also known as the tertiary sector is a single of the three significant sectors in the market. The service sector emerged as the major sector of the economy both in development and share in gross domestic item (GDP) in the 1990s. This sector has shown uniform development and has shown that it is resilient even to the financial adversities even for the duration of down turn of the business.

Rising car sales is major to considerable growth of the Asia Pacific market place for automotive collision repair. An upsurge in vehicular damage due to lack of stringent driving regulations in the region is further driving marketplace growth. Asia Pacific is perceived to be a supply of auto elements for regional organizations and multinationals, who aim to provide these low-cost elements to prominent … Read More