Industry Analysis & Industry Trends
The recession led to a drop in disposable income, causing many consumers to turn to auto parts retailers and fix their vehicles on their own. As the economy has improved since the recession, consumers have returned to mechanics rather than auto parts retailers, resulting in moderate industry growth. In the five years to 2020, the industry is set to recover slowly as personal disposable income levels grow, enabling consumers to visit mechanics more often, boosting industry revenue... purchase to read more
Industry Report - Industry Products Chapter
Powertrain repair services
The powertrain of a motor vehicle includes all of the major parts required for the vehicle to run, including the engine, transmission, wheels, axle and other crucial parts. Given that an automobile requires a properly functioning powertrain in order to operate, powertrain repair services are the largest source of industry revenue. This segment has fallen as a share of industry revenue over the five years to 2015 as grown in disposable income levels have encouraged consumers to purchase new cars and trucks instead of investing in the repair of older vehicles.
Brake repair services
Brake repair services represent the second largest source of industry revenue, and are expected to account for 17.4% of industry revenue in 2015... purchase to read more