Overview

Flying colors: Increased spending and rising interest in custom cars will aid industry growth

IBISWorld’s industry research report on Auto Paint Customization Shops can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth
12-17
4.5%
Annual Growth
17-22
Profit
Employment
9,813
Business
3,403

Industry Threats & Opportunities

  • Stronger business activity and increased advertising expenditure will benefit the industry
  • Water-based paints are the present and future of automotive paint technology
  • An overall increase in the number of cars in the United States will still spur revenue growth

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    Industry Analysis & Industry Trends

    The Auto Paint Customization Shops industry provides purely discretionary, luxury products and services, and thusly, as the economy continued to improve over the five years to 2017, industry demand followed suit. Per capita disposable income has increased steadily over the past five years, benefiting the industry both directly and indirectly. In addition to providing consumers with the means to purchase nonessential items such as custom paint jobs, it has spurred growth in the sale of new cars, providing the industry with more potential customers. Furthermore, advancement in the sphere of paint technology has supported growth by providing customers with a wider breadth of options, while increased business advertising has also expanded the industry's customer base...

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    Industry Report - Industry Investment Chapter

    The Auto Paint Customization Shops industry exhibits a low level of capital intensity. For every dollar spent on wages, the average company invests only $0.04 in capital equipment. Typical capital investments include the equipment used in the shop’s service bays, including airbrushes or other top-of-the-line painting tools. These costs are typically most prevalent at start-up and do not need regular replacement. In addition, the dominance of small shops and the fragmented nature of the industry indicate that many sole operators or nonemployer shops have limited financial resources to invest in large-scale machinery and equipment. Instead, industry companies rely more heavily on their knowledgeable, heavily trained staff. As a result, wages are estimated to account for 30.6% o..

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    Additional Insights for the Auto Paint Customization Shops Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Paint Customization Shops Industry are

  • Highly trained workforce
  • Proximity to key markets
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and New car sales in the Auto Paint Customization Shops industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Auto Paint Customization Shops Industry?

    This industry provides custom paint jobs and other exterior graphics for automobiles. Businesses in this industry customize cars to make a style statement for the consumer, making the car look unique and unlike a factory-finished vehicle. Freight truck and trailer customization services are also included in this industry. This industry does not include original equipment manufacturer (OEM) repair and paint work.

    Industry Products
    Full service paint
    Airbrushing
    Graphics and wraps
    Industry Activities
    Automotive custom painting
    Truck trailer custom painting

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • New car sales
  • Total advertising expenditure
  • World price of crude oil

  • Current Performance
  • Demand drivers
  • Consumer preferences and technology
  • Industry profitability and expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Consumer wealth trends
  • Business activity
  • Technology and industry pricing
  • Table: Auto Paint Customization Shops Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Paint Customization Shops Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Local Freight Trucking
  • Advertising Agencies
  • Consumers

  • Key Selling Industries
  • Chemical Wholesaling
  • Paint Manufacturing
  • Paint Wholesaling
  • Plastic & Resin Manufacturing
  • Plastics Wholesaling

  • Products & Services
  • Full service paint
  • Airbrushing
  • Graphics and wraps
  • Chart: Auto Paint Customization Shops Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 25 to 44
  • Consumers aged 45 to 64
  • Freight companies and other businesses
  • Consumers aged 18 to 24
  • Consumers aged 65 and over
  • Other
  • Chart: Major Market Segmentation for the Auto Paint Customization Shops Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Auto Paint Customization Shops

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Paint Customization Shops Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Paint Customization Shops Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Auto Paint Customization Shops Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • New car sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Lacquer
  • A paint characterized by drying through solvent evaporation.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products that are purchased by a company and retailed under the company's brand name. In the context of this industry, it describes firms that provide factory paint.
  • Primer
  • Initial undercoat designed for protection of the surface area and adhesion of the top coat.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Paint Customization Shops:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Paint Customization Shops market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Paint Customization Shops, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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