Industry Analysis & Industry Trends
Smoothing out scratches
Automotive coatings manufacturers have experienced a bumpy five years. During the recession, steep declines in demand for new vehicle manufacturing caused severe declines for coatings manufacturers. In addition, consumers decided to forgo paint jobs for their vehicles. However, as new vehicle manufacturing increased after the recession, so did demand for automotive coatings. In the coming years, technological advances in coatings products will continue to boost demand for the industry, though profit will be pressured as input costs rise.... purchase to read more
Industry Report - Starting a New Business Chapter
The Automotive Coatings Manufacturing industry carries a high level of barriers, stemming primarily from the dominance of the industry's largest firms and the high level of federal oversight. The top four firms in the industry are expected to account for over 80.0% of industry revenue in 2012, and concentration is expected to grow in the long run as these firms continue to expand operations and acquire small-scale firms. This high level of concentration inhibits the ability of smaller firms to attract new customers because the large-scale corporations generally have longstanding supply contracts with OEMs and other downstream customers. This high level of competition and industry concentration may discourage some new firms from entering... purchase to read more