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 2021, 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 Analysis Chapter
The Car Body Shops industry derives its revenue from drivers who pay repair shops for major automotive repairs. Unlike standard auto garages that provide standard maintenance and repairs, car body shops provide substantial repair services that require specialized labor and equipment. Some of these repairs, such as chassis repairs and windshield replacements, are necessary to ensure safe driving and to pass state inspections. The industry is primarily driven by the number of accidents that take place per year, which is affected by the number of cars in circulation and the average age of the cars on the road.
Increased driving activity and a growing number of cars on the road will increase the likelihood of damages from collisions and wear... purchase to read more