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 - Starting a New Business Chapter
The Car Body Shops industry has moderate barriers to entry. Although the industry experiences a low degree of market share concentration, some barriers like start-up capital costs can make entering the industry difficult. Despite these barriers, there is some scope for new entrants to enter the market. New operators may find it easier to set up in urban areas where there is limited existing competition, or they might target a niche segment, such as low-cost repairs for the elderly, exterior customization of cars for small businesses and individuals or interior van conversions.
Start-up capital requirements
Start-up capital requirements are prohibitive for some prospective entrants... purchase to read more