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

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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 vehicle makers.

The automotive repair & upkeep service is mainly driven by escalating automobile production, escalating security and safety requirements by suitable maintenance, greater consumer awareness about vehicle upkeep and periodic upkeep mandated by governments. Aging of vehicles and the declining trend of replacement of automobiles also tilt the balance in favour of this service market place. The main constraint of this market is technological challenges for hugely expensive automobiles like hybrid style which call for additionally educated workers.

Automotive Market Analysis 2018auto repair industry statistics 2015

auto repair industry statistics 2016Right here are some fascinating automotive repair trends on shoppers looking for car maintenance and repair solutions, for each Do It Oneself (DIY) and Do It For Me (DIFM) car owners. In the context of this volatile organization environment, ACA Investigation has performed a main market place mapping study for a leading automotive paint manufacturer. During the course of this analysis, we interviewed around 250 decision makers across a broad sample of paint and panel workshops to understand the challenges they face and how they are preparing for the future.

Even though the increasing price of living has put a dent in the oil adjust services marketplace, franchising and outsourcing by firms and households have fostered growth and made market players more competitive. In the subsequent couple of years, the industry will be shaped by various other elements like technological advances, the introduction of a new kind of motor oil on the market and the increasing use of synthetic oils. Consumer care and quality service will offer the principal grounds on which companies compete.

Organizations in the industry sustain and repair motor cars. They carry out basic mechanical and electrical repairs as nicely as maintenance and servicing. The industry only includes organizations that specialise in upkeep and repair activities. Car washes are also incorporated in the market. Auto washes operated by petrol stations and firms that retread and rebuild tyres are not covered.

Automotive Repair & Upkeep Solutionsautomotive repair industry statistics

automotive repair industry statistics canadaHere are some interesting automotive repair trends on consumers looking for car maintenance and repair solutions, for both Do It Oneself (DIY) and Do It For Me (DIFM) vehicle owners. IBISWorld reports on thousands of industries around the globe. Our customers rely on our data and information to remain up-to-date on market trends across all industries. With this IBISWorld Business Research Report on Motor Vehicle Upkeep & Repair, you can expect completely researched, reliable and present information that will aid you to make faster, better enterprise decisions.

Trends emerge initial among early adopters so watching their behavior is a great crystal ball. The great news for automotive OEMs and the vast array of connected organizations involved in this business is that there will likely be far more funding offered next year to create new technologies embraced by these early adopters and refine current ones due to political and financial forces. This ought to make 2017 an fascinating year for the sector — and for that reason, for consumers.

We feel there are a number of variables that are most likely to influence the global automotive repair and maintenance services market. Enhance in the average age of autos has led to a rise in demand for repair and upkeep services. The poor high quality of road infrastructure in the developing countries of Asia Pacific Excluding Japan (APEJ) is expected to drive the market place for automotive repair and maintenance services in this region. The improve in car parc in regions such as North America, Western Europe, and APEJ has also led to a development in automotive aftermarket solutions. With the declining oil and gas rates, the typical miles driven has increased. This is closely linked with the put on and tear of parts thus requiring upkeep.