Industry Analysis & Industry Trends
The Auto Mechanics industry has been driving forward over the past five years. 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. Moreover, in the five years to 2019, the industry is set to recover slowly as personal disposable incomes will grow, allowing consumers to visit mechanics more often, boosting industry revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Auto Mechanics industry is in the mature phase of its life cycle. Technological change in this industry is largely determined by the auto manufacturing industry. As vehicles become more complex, auto mechanics require updated tools to perform maintenance and repair services. Internally, there have not been many technological advances independent of increased vehicle complexity. New service offerings ultimately depend on auto manufacturers as well. These factors indicate that the industry is in the mature stage of its life cycle.
The increasing technological complexity of motor vehicles has resulted in the need for higher-skilled employees and affected the types of repairs required... purchase to read more