Industry Analysis & Industry Trends
The Automobile Repair Services industry's revenue is forecast to increase by 11.4% in 2011 to $5.34 billion, representing annualized growth of 7% over the past five years. The solid growth in 2011 will be due to demand increases resulting from the stimulus policies on small-displacement vehicles with 1.6-liter engines or below. The industry's performance is greatly influenced by the number of registered vehicles, their average age and the number of miles traveled by these vehicles. Industry growth has been driven by the surging number of vehicles registered, despite rising gasoline prices, which have generally reduced the average miles traveled.
This industry is currently in the mature stage of its life cycle.... purchase to read more
Industry Report - Industry Analysis Chapter
During the five years through 2011, the Automobile Repair Services industry has had fluctuating revenue growth: from an 11.1% decline in 2006, to a 23.9% increase in 2009. Revenue is forecast to grow by 11.4% in 2011, to $5.34 billion. Over the past five years, revenue has averaged 7% growth per annum. Key drivers for this growth include the substantial increases in the number of automobiles, especially passenger and private vehicles; automobile manufacturers' authorization to enhance after-sales services; and the introduction of new business models, such as 4S stores and chain operations. In 2011, the number of civilian automobiles is forecast to total 93 million, which means large potential demand for repair services.
4S stores were introduced to China in 1998... purchase to read more