Industry Analysis & Industry Trends
The Automotive Coatings Manufacturing industry's performance is expected to trend higher over the five years to 2015. Although industry revenue is expected to grow, bolstered by a rebound in new car sales, the industry's relatively high growth largely reflects a recovery from recessionary lows. In the coming years, the industry is expected to benefit as the economy continues to improve, unemployment rates decline and consumers begin to spend again on luxuries like new automobile purchases and automotive customization.... purchase to read more
Industry Report - Industry Analysis Chapter
Revenue for the Automotive Coatings Manufacturing industry is expected to increase over the five years to 2015. Demand for automotive coatings increased as the economy strengthened and consumers had more money available for luxuries. To this end, industry revenue is anticipated to increase at an annualized rate of 5.8% to $7.8 billion over the five-year period, lifted by an estimated 2.5% jump in 2015. The industry’s projected high growth is a result of released pent-up demand. Moreover, the industry is starting at a relatively low base, inflating growth rates during the period.
Growth off a low base
The prospects of further turmoil in the automotive sector were mitigated with the uptick in vehicle sales and production since 2010... purchase to read more