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. The industry is expected to continue growing over the next five years, albeit at a slower rate. A slowdown in car sales as well as increasing gas prices are factors that are expected to contribute to more tempered growth over the period.
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.
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.