Auto Paint Customization Shops
The Auto Paint Customization Shops industry provides purely discretionary services, so revenue growth slowed as consumers cut back on spending in the wake of the recession. As overall economic conditions have improved and cars sales have increased, however, the industry has experienced rising demand in the past five years from consumers, its largest market. Though the industry is dominated by small shops that do not typically invest in new technology, improved products from paint suppliers, such as self-repairing paints, will help drive further demand in coming years. These factors, combined with rising demand from businesses that use custom paint services for marketing purposes, position the industry to grow at a steady pace in the next five years.
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 car. 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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