The Motor Vehicle Engine and Parts Repair and Maintenance industry has grown over the past five years. The industry has rebounded steadily over the period following a dip in revenue at the onset of the global financial crisis. During the downturn, consumers and businesses were reluctant to purchase new cars, which require regular servicing, and were apprehensive about having non-essential repair work performed. However, the downturn was partially mitigated by consumers favouring essential repairs of existing vehicles over new car purchases. Following the global financial crisis, new car sales rose strongly, adding to demand for the industry.
Companies in the industry are commonly known as mechanics or repair shops. They are primarily engaged in repairing motor vehicles and carrying out regular maintenance and servicing on vehicles. 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.