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Car Body Shops in Florida - Industry Market Research Report

Car Body Shops in Florida - Industry Market Research Report

  • August 2017
  • 29 pages
  • ID: 5470416
  • Format: PDF
  • By Ibisworld

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Buff out: Demand for industry services is projected to continue rising in line with per capita disposable income

Abstract

Car Body Shops in Florida
The Car Body Shops industry in Florida has grown at a steady rate over the five years to 2017, following the same general trend as the industry at the national level. Growth in demand has been the primary reason for the increase in industry revenue. As per capita disposable income in Florida has risen, consumers have had more financial resources available to invest in minor body work and nonessential aesthetic improvements, such as dent repair or painting services, which they typically put off paying for in economic downturns. Industry revenue is expected to continue increasing over the five years to 2022 as disposable income rises and the number of vehicles on the road grows further, contributing to the potential for more accidents. Additionally, the average age of vehicle fleets is forecast to continue rising, prompting buyers to invest in new cars.

This industry provides repair and customization work for 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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