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Car Washes & Oil Change Shops in New York - Industry Market Research Report

Car Washes & Oil Change Shops in New York - Industry Market Research Report

  • March 2020
  • 27 pages
  • ID: 5470212
  • Format: PDF
  • Ibisworld

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Wash up: Continued growth in per capita disposable income will boost industry revenue

Abstract

Car Washes & Oil Change Shops in New York
Operators in the Car Washes and Oil Change Shops industry in New York have experienced steady growth over the five years to 2017, as the economy continued to improve and industry operators reaped the benefits of rising employment and per capita disposable income in New York. Significant drops in oil prices have led to lower gas prices and, therefore, during the five-year period consumers have increased their car usage. As a result, consumers were more likely to purchase discretionary services, such as car washes, professional oil changes and auto detailing. Demand for the industry is expected to continue expanding over the five years to 2022, albeit at a slower pace than the previous five-year period. Rising disposable income is anticipated to bolster industry revenue as consumers spend more on discretionary services, such as car washes. Additionally, the number of vehicle registrations is expected to increase over the next five years, benefiting industry demand.

Establishments in this industry primarily engage in providing automotive repair and maintenance services (except mechanical and electrical repair and maintenance; transmission repair; and body, paint, interior and glass repair) for automotive vehicles, such as passenger cars, trucks and vans and trailers. This industry comprises three sub industries: Automotive Oil Change and Lubrication Shops (NAICS 811191); Car Washes (811192); and All Other Automotive Repair and Maintenance (811198).

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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