Companies in the Automotive Maintenance and Servicing industry can count themselves lucky, as they are some of the select few that benefit from unfavourable economic conditions. As the economy deteriorated, consumers and businesses alike postponed purchasing new vehicles due to lower budgets. They instead held on to their existing vehicles. These older vehicles have required more servicing and maintenance. As a result, industry revenue is expected to rise at an annualised 2.5% over the five years through 2012-13, to reach $14.5 billion. Industry revenue is forecast to grow by 2.0% in 2012-13.
Companies in the Automotive Maintenance and Servicing industry are commonly known as mechanics or repair shops. They repair motor vehicles and carry out regular maintenance and servicing on vehicles as well. Smash repairing and electrical repairs are not included in this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.