Car Body Shops in New York - Industry Market Research Report

Car Body Shops in New York - Industry Market Research Report

  • October 2017 •
  • 29 pages •
  • Report ID: 5470211 •
  • Format: PDF
Changing gears: Economic recovery signals growing demand for paint and dent repairs

Abstract

Car Body Shops in New York
The Car Body Shops industry has improved steadily over the past five years. Industry revenue has experienced steady growth since 2012, reflecting steady increases in per capita disposable income and motor vehicle registrations, alongside aging vehicle fleets. Stricter regulations have pushed car manufacturers to include heavy safety provisions for the driver, and these advanced technologies in new vehicles have led to fewer collisions over the past five years, resulting in a smaller client base for industry operators. This smaller client base has also led to overcapacity among industry operators; consequently, operators have either consolidated operations or exited the industry entirely. While the industry is likely to grow over the five years to 2022, the number of new cars purchased instead of old ones may limit growth among industry body shops.

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.
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