The Motor Vehicle Maintenance and Repair industry has performed moderately well over the past five years. Low levels of consumer and business confidence, following the economic downturn, discouraged people from purchasing new vehicles, with many instead opting to have their existing vehicles repaired and maintained. This triggered demand for industry services at the start of the five-year period through 2015-16. Since then, however, the economic recovery has stimulated new car sales, which has dragged down the average age of motor vehicles in the United Kingdom over the past few years. This trend is likely to have weighed slightly on demand for vehicle repair services.
Companies in the industry maintain and repair motor vehicles. They carry out general mechanical and electrical repairs as well as maintenance and servicing. The industry only includes companies that specialise in maintenance and repair activities. Car washes are also included in the industry. Car washes operated by petrol stations and firms that retread and rebuild tyres are not covered.
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.