Car Body Shops in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 81112Revenue
$67.9bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
348k
Businesses
107k
Wages
$XX.Xbn
Car Body Shops in the US industry analysis
Car body shops repair and customize motor vehicle interiors and bodies. Companies have benefited from pent-up demand for travel and driving alongside mass returns to in-person work. These trends have spurred driving activity, highlighted by more vehicle miles and motor vehicle registrations. Similarly, rebounding economic conditions have encouraged buyers to purchase more discretionary services, like painting, detailing and upholstery. However, climbing inflation has added to volatility through the current period. Elevated interest rates have made cars more expensive, encouraging consumers to repair aging vehicles rather than replace them, supporting demand. Even so, inflationary fears have discouraged discretionary spending, especially among lower earners, siphoning demand for nonessential services. Overall, revenue has expanded at an expected CAGR of 2.3% to $67.9 billion through the current period, despite a 0.3% drop in 2024, where profit reached 7.8%.
Trends and Insights
- Pent-up demand for travel and driving created ample opportunities for car body shops. Rebounding economic conditions following the pandemic have encouraged buyers to spend on nondiscretionary services.
- Body repair services are the industry's largest source of revenue. These services are largely nondiscretionary, giving car body shops greater stability.
- Most car body shops operate in populated areas with heavy driving activity. As a result, many companies operate in the West and Southeast.
- Car body shops can differentiate through superior services and competitive pricing. Companies that can offer competitive prices, higher-quality services and timeliness will retain customers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $67.9bn in 2024.
Trends and Insights
Companies have faced fierce competition
- Car body shops have endured mounting competition, particularly as larger companies and franchises capture customers from less visible competitors. Successful companies have leveraged brand reputations and visibility. These companies can offer better prices and promotional offers, pressuring smaller, independent companies and nonemployers.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Improving economic conditions will support growth
- Robust economic growth will enable more consumers to purchase new vehicles, leading to steady growth in motor vehicle registrations. With more vehicles on the road, demand for car body shop services, particularly repair, maintenance and inspection services, will proportionally increase.
Biggest companies in the Car Body Shops in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
The Boyd Group Inc. | 2,852.6 | 1,724.5 | 60.5 | |
Driven Brands, Inc. | 1,442.8 | 192.0 | 13.3 | |
Caliber Collision Center | 1,352.2 | 106.2 | 7.9 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Body repair services, Painting services and Glass replacement and repair. Body repair services is the largest segment of the Car Body Shops in the US.
Trends and Insights
Consumers primarily need body repair services
- Body repair services include repairing bent vehicle bodies, removing dents and replacing damaged metal and plastic parts. Companies often require or purchase prefabricated metal parts, welding equipment and labor for these tasks.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Car & Automobile Manufacturing in the US
- New Car Dealers in the US
- Used Car Dealers in the US
- Auto Windshield Repair Services in the US
- Car Wash & Auto Detailing in the US
Complementors
- Auto Mechanics in the US
- Automobile Engine & Parts Manufacturing in the US
- Auto Parts Manufacturing in the US
International industries
- Car Body Shops in Canada
- Motor Vehicle Body, Paint and Interior Repair in Australia
- Motor Vehicle Body, Paint and Interior Repair in New Zealand
- Car Repair Services in China
Table of Contents
About this industry
Industry definition
This industry provides repair and customization work to the interior and body of passenger cars, trucks, vans and trailers. Some industry operators specialize in specific auto repairs. For example, paint shops specialize in post-collision paint jobs, while automotive glass shops replace, repair and tint windows. Restoration shops, which typically represent a niche market, restore classic and antique cars.
What's included in this industry?
Automotive bodyworkAutomotive paintingAutomotive upholstery shop operationAutomotive interior repairAntique and classic automotive restorationTruck trailer body shop operationTruck trailer paint and body repair Van conversionAutomotive glass shop operationAutomotive glass tintingCompanies
The Boyd Group Inc.Driven Brands, Inc.Caliber Collision CenterPurchase this report to view all 5 major companies in this industry.
Related Terms
DIRECT REPAIR PROGRAM (DRP)CRASH RATENANOPARTICLESAFTERMARKET PARTSIndustry Code
NAICS 81112 - Car Body Shops in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Pent-up demand for travel and driving created ample opportunities for car body shops. Rebounding economic conditions following the pandemic have encouraged buyers to spend on...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Body repair services are the industry's largest source of revenue. These services are largely nondiscretionary, giving car body shops greater stability.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Most car body shops operate in populated areas with heavy driving activity. As a result, many companies operate in the West and Southeast.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Car body shops can differentiate through superior services and competitive pricing. Companies that can offer competitive prices, higher-quality services and timeliness will r...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Companies have struggled to accrue significant market share. Most companies prioritize success in regional markets and lack the capital to expand aggressively.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of The Boyd Group Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Driven Brands, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Caliber Collision Center's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for The Boyd Group Inc., and factors influencing its performance in the industry
- Description and key data for Driven Brands, Inc., and factors influencing its performance in the industry
- Description and key data for Caliber Collision Center, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
I-Car provides workers with the appropriate training to enter the industry. The revolution of automation and electrification in vehicles is forcing companies to quickly adapt...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Car body shops heavily rely on skilled labor. However, companies have faced notable labor shortages, which pose long-term threats to profit growth.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Car Body Shops in the US industry in United States in 2024?
The market size of the Car Body Shops in the US industry in United States is $67.9bn in 2024.
How many businesses are there in the Car Body Shops in the US industry in 2024?
There are 107k businesses in the Car Body Shops in the US industry in United States, which has grown at a CAGR of 1.1 % between 2019 and 2024.
Has the Car Body Shops in the US industry in United States grown or declined over the past 5 years?
The market size of the Car Body Shops in the US industry in United States has been growing at a CAGR of 2.3 % between 2019 and 2024.
What is the forecast growth of the Car Body Shops in the US industry in United States over the next 5 years?
Over the next five years, the Car Body Shops in the US industry in United States is expected to grow.
What are the biggest companies in the Car Body Shops in the US market in United States?
The biggest companies operating in the Car Body Shops market in United States are The Boyd Group Inc., Driven Brands, Inc. and Caliber Collision Center
What does the Car Body Shops in the US in United States include?
Automotive bodywork and Automotive painting are part of the Car Body Shops in the US industry.
Which companies have the highest market share in the Car Body Shops in the US in United States?
The company holding the most market share in United States is The Boyd Group Inc..
How competitive is the Car Body Shops in the US industry in United States?
The level of competition is high and steady in the Car Body Shops in the US industry in United States.
