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Motor Vehicle Maintenance & Repair in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Motor Vehicle Maintenance & Repair Market Research Report | SIC G45.200 | Feb 2017

Driving ahead: Subdued economic conditions are expected to support demand for repairs

IBISWorld’s Motor Vehicle Maintenance & Repair market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£24bn
Annual Growth 12-17
2.5%
Annual Growth 17-22
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Profit
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Employment
212,207
Businesses
41,238
Industry Analysis & Industry Trends

The Motor Vehicle Maintenance and Repair industry has performed reasonably well in recent years. Low levels of consumer and business confidence in the few years following the economic downturn discouraged people from purchasing new vehicles, with many instead opting to repair and maintain existing vehicles. This stimulated strong industry growth immediately prior to the five years through 2016-17, placing the industry on a high base at the start of the five-year period. Since then, 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 the road has nevertheless stimulated demand for industry services... purchase to read more

Industry Report - Starting a New Business Chapter

The barriers to entry in the Motor Vehicle Maintenance and Repair industry are expected to be relatively low. Prospective entrants would require some capital to purchase equipment such as hoists, tools and other equipment for diagnosis and repair work. Constant technological advancements in motor vehicles could also cause some problems for new entrants. As cars are fitted with increasingly sophisticated electrical systems and operate using a variety of fuel sources, with electric and hybrid vehicle ownership growing quickly, industry employees are required to constantly update their knowledge. This could make recruitment more difficult and firms may also incur periodic training costs. Som.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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
RepairsServicing and MOT testsBodyworkCar washes
 
Industry Activities
Repairing mechanical problemsRepairing electrical componentsServicing motor vehiclesRepairing bodyworkPainting motor vehiclesRepairing windscreensRepairing tyresWashing and polishing carsRepairing motor vehicle parts


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