Automotive Coatings Manufacturing
The Automotive Coatings Manufacturing industry's performance is expected to trend higher over the five years to 2017. Consumers released pent-up demand for nonessential vehicle alterations and new vehicle purchases in light of rising disposable income, bolstering demand for automotive coatings in the five-year period. The recovery also benefited the Car Body Shops industry (IBISWorld report 81112), which is a major market for automotive coatings manufacturers. In the five years to 2022, industry revenue is anticipated to remain relatively stagnant, in response to declining demand for vehicles at the retail and manufacturing level. When demand for new vehicles slows, vehicle production follows suit. Therefore, demand for automotive coatings from the manufacturing market, which accounts for the largest share of industry revenue, falls. However, rising disposable income and consumer spending will bolster demand from car body shops, which bolsters demand for vehicle alterations and customization.
This industry manufactures various coating products to decorate and protect automobile surfaces against wear, weather and corrosion. Final products are sold to automotive manufacturers, wholesalers, retailers and auto shops.
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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