Motoring on: Industry revenue increases steadily despite the number of collisions falling

The industry has performed reasonably well over the past five years. Industry operators provide essential and non-essential repair and maintenance services to private and commercial customers. The number of registered cars in the United Kingdom has increased, driven primarily by an increase in new car sales. Although new cars tend to require fewer repairs, the greater number of cars on UK roads has nevertheless stimulated demand for industry services. Falling fuel prices in the first half of the period supported car usage and demand for industry services. Over the five years through 2018-19, industry revenue is forecast to increase at a compound annual rate of 3.3% to reach £27.5 billion, including a projected rise of 3.7% in the current year...read more.

Industry Statistics & Market Size
Revenue
£27.5bn
Annual Growth 14-19
3.3%
Forecast Growth 19-24
Profit
Employment
212,582
Businesses
43,081
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • An increase in the number of cars on UK roads has supported industry revenue growth
  • The number of collisions has declined over the past decade, reducing demand for post-collision repairs
  • A rise in the number of people working from home is expected to limit car usage, weighing on demand
  • Industry Report - Industry Analysis Chapter

    The industry has grown over the five years through 2018-19 supported by an increase in the number of registered motor vehicles in the United Kingdom. Falling fuel prices between 2013-14 and 2015-16 encouraged people to drive more, a trend supported by high public transport costs, which boosted demand for maintenance and repair services. Furthermore, as a result of the uncertainty created by the decision to leave the European Union, many customers have delayed new car purchases, choosing to have their existing vehicles repaired instead.Demand for discretionary services, such as bodywork services or car washes, has boosted growth for most of the past five-year period, but falling consumer confidence towards the end of the period is expected to limit demand for these services. Ind...purchase to read more.

    Additional Insights for the Motor Vehicle Maintenance & Repair Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Motor Vehicle Maintenance & Repair Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Total number of registered motor vehicles and Real household disposable income in the Motor Vehicle Maintenance & Repair industry impact industry performance..

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    What's in this report

    What is the Motor Vehicle Maintenance & Repair Industry?

    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.

    Industry Products
  • Repairs
  • Servicing and MOT tests
  • Body shop services
  • Car washes
  • Industry Activities
  • Repairing mechanical problems
  • Repairing electrical components
  • Servicing motor vehicles
  • Repairing bodywork
  • Painting motor vehicles
  • Repairing windscreens
  • Repairing tyres
  • Washing and polishing cars
  • Repairing motor vehicle parts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total number of registered motor vehicles
  • Real household disposable income
  • Average age of motor vehicles
  • Business confidence index
  • Fuel prices

  • Current Performance
  • Speed limit
  • Slowing demand drivers
  • Driving growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Performance indicators
  • Underlying drivers
  • New technology
  • Table: Motor Vehicle Maintenance & Repair Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Motor Vehicle Maintenance & Repair Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Taxi Operation
  • General Insurance
  • Car Rental & Leasing
  • Consumers

  • Key Selling Industries
  • Motor Vehicle Parts & Accessories Manufacturing
  • Motor Vehicle Parts Retailers
  • Paint, Coatings & Printing Ink Manufacturing

  • Products & Services
  • Repairs
  • Servicing and MOT tests
  • Body shop services
  • Car washes
  • Chart: Motor Vehicle Maintenance & Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Private vehicle owners
  • Fleet, commercial and government vehicle owners
  • Insurance companies
  • Car dealerships
  • Chart: Major Market Segmentation for the Motor Vehicle Maintenance & Repair Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Motor Vehicle Maintenance & Repair

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Motor Vehicle Maintenance & Repair Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Motor Vehicle Maintenance & Repair Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Motor Vehicle Maintenance & Repair Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alternative-Fuel Vehicles (Afvs)
  • Vehicles that do not run on petrol or diesel. They can be petrol-electric, petrol-alcohol, electric and petrol-gas.
  • Mot Test
  • A test named after the now-defunct Ministry of Transport that assesses how roadworthy vehicles are. Most vehicles more than three years old must pass an MOT test every year.
  • Telematics
  • A technology fitted to a vehicle to monitor its performance and improve information communications using a GPS system with on-board diagnostics.
  • What Our Customers Say

    Why buy this report?

    The Motor Vehicle Maintenance & Repair market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Motor Vehicle Maintenance & Repair:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Motor Vehicle Maintenance & Repair market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Motor Vehicle Maintenance & Repair, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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