Industry Analysis & Industry Trends
Operators in the Car Body Shops industry have been driving on a bumpy road over the past five years. The recession has had lingering effects on the industry, with consumers holding off on essential repairs and pulling back on discretionary services like paint jobs. Over the five years to 2019, the industry is expected to grow in line with a strengthening economy; however, consumers will prefer to buy new cars rather than have their older cars repaired, threatening demand for industry services. Furthermore, manufacturers are introducing safety technologies into new cars, which will reduce collisions, something that this industry depends on for work... purchase to read more
Industry Report - Industry Products Chapter
Industry players derive revenue from different auto repair services. While some operators specialize in one area, such as painting vehicles, others provide highly specialized services such as van conversion, upholstering and antique car restoration.
Bodywork repairs account for an estimated 50.0% of industry revenue. This segment includes repairing bent vehicle bodies, removing dents and replacing damaged metal and plastic parts that cannot be repaired. These types of repairs generally need to be performed after a vehicle collision. This segment also includes purchasing prefabricated metal parts, welding equipment and labor. The cost to fix auto body damage is high, and firms in this industry typically receive a premium for this type of work... purchase to read more