Car Body Shops in the US - Industry Market Research Report
Description
Car Body Shops in the US
Operators in the Car Body Shops industry provide repair and customization work to the interior and body of a range of vehicles. The industry has benefited from a rise in the average age of the vehicle fleet and generally high consumer confidence, resulting in higher spending on body work. Still, an aging vehicle fleet coupled with positive economic indicators has proved to be a double-edged sword, since some consumers opted to purchase new vehicles versus repair existing ones. The industry was significantly disrupted by the COVID-19 (coronavirus) pandemic, as consumers stayed off the roads amid stay-at-home orders and business closures. An industry recovery in 2021 and revenue growth during the period has marginally offset the decline, and thus, industry revenue grew at a CAGR of 0.5% to $59.1 billion over the past five years, including a 1.8% increase in 2023.
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.
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.
Operators in the Car Body Shops industry provide repair and customization work to the interior and body of a range of vehicles. The industry has benefited from a rise in the average age of the vehicle fleet and generally high consumer confidence, resulting in higher spending on body work. Still, an aging vehicle fleet coupled with positive economic indicators has proved to be a double-edged sword, since some consumers opted to purchase new vehicles versus repair existing ones. The industry was significantly disrupted by the COVID-19 (coronavirus) pandemic, as consumers stayed off the roads amid stay-at-home orders and business closures. An industry recovery in 2021 and revenue growth during the period has marginally offset the decline, and thus, industry revenue grew at a CAGR of 0.5% to $59.1 billion over the past five years, including a 1.8% increase in 2023.
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.
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.
Table of Contents
40 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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