Auto repair industry statistics 2016Here are some interesting automotive repair trends on shoppers searching for car upkeep and repair services, for each Do It Your self (DIY) and Do It For Me (DIFM) vehicle owners. North America is anticipated to account for 27.2% industry share in terms of value in the global Automotive Repair and Maintenance Solutions market by the finish of 2017. U.S. is expected to hold a dominant income share in the North America Automotive Repair and Upkeep Services market via 2027. The APEJ market is projected to hold a considerable industry share in terms of value in the global Automotive Repair and Maintenance Solutions marketplace over the forecast period, exhibiting a CAGR of 8.six% more than the forecast period.
The market comprises of various sales-valuation models including Do-It Oneself (DIY) packages for the buyers that favor self-repairing of their personal cars. Multiple retailers sell their elements to expert auto service stations and restoration shops. Advancements in these technologies for ancillary products along with other solutions that contain denting, body repairs, and painting will additional augment the sector demand.
In 2018, the federal government spent a total of $91,240,123 on Basic Automotive Repair. It has awarded 1862 contracts to 1008 organizations, with an typical value of $90,516 per business. At the beginning of 2014, only six% of respondents had been likely to lease their next vehicle, even though now, 9% of respondents are likely to lease their next car. This coincides with current business reports that leased vehicles …Read More