Automotive Repair Benefiting From Strong Auto Indu
Post# of 157
Posted On: 09/30/2013 7:22:02 AM
Automotive Repair Benefiting From Strong Auto Industry
The auto repair and services industry is basically dependent on the automotive industry; thus, it is also influenced by the same market factors and economic conditions that impact the car manufacturing industry as a whole.
So with the rebound of auto sales worldwide, following the global financial crisis, supporting industries like the auto repair industry started to thrive. The need for spare car parts and repair services are picking up as more people decide to keep their cars instead of buying new ones. Hence, manufacturers, producers and distributors and sellers of essential car engine parts, tires, steel auto body frames and panels and auto glass windscreen replacement are enjoying lucrative business expansion opportunities.
This explains the significant dent that this industry brought to the country’s economy. Automotive repair is just one of the many aspects of the car maintenance and service industry. As of today, the demand for repair, tune up and maintenance service for all makes and models of cars has become increasingly complicated, given the fact that more complex and advanced technology are being employed into their design.
As a consequence, workers in the industry require training as repair and maintenance jobs now involve a high-degree of specialization. This is explained by the rapid development of technologies that are incorporated in modern car designs, such as electronic actuated car functions like power windows, electronic control unit, self-parking, and navigating car features with global positioning systems.
A technician needs to be well trained and knowledgeable about these modern car design aspects to be able to conduct a thorough routine inspection, which is followed by necessary repairs.
In addition, safety has become more crucial in the industry, and this goal is reflected in the regulations and legislations enacted in order to protect workers and encourage effective risk management. Safety has become a paramount concern because of the high-degree of risk brought about by the need for manual handling like welding and working with heavy loads.
The outlook of auto repair industry in the future is simple—rapid growth. The fast fit segment of the business, which involves servicing vehicles as customers wait, is projected to grow at an annual rate of more than 3% until 2015.
The estimated value of that would be almost $7 BB. According to industry expert research, on a global scale, the automotive repair and maintenance services industry is expected to be worth almost $306 billion by 2015.
The United States leads the market with an estimated value of over $41 BB in 2012. The industry is also expected to show the strongest regional growth in the Asia-Pacific region.
The auto repair and services industry is basically dependent on the automotive industry; thus, it is also influenced by the same market factors and economic conditions that impact the car manufacturing industry as a whole.
So with the rebound of auto sales worldwide, following the global financial crisis, supporting industries like the auto repair industry started to thrive. The need for spare car parts and repair services are picking up as more people decide to keep their cars instead of buying new ones. Hence, manufacturers, producers and distributors and sellers of essential car engine parts, tires, steel auto body frames and panels and auto glass windscreen replacement are enjoying lucrative business expansion opportunities.
This explains the significant dent that this industry brought to the country’s economy. Automotive repair is just one of the many aspects of the car maintenance and service industry. As of today, the demand for repair, tune up and maintenance service for all makes and models of cars has become increasingly complicated, given the fact that more complex and advanced technology are being employed into their design.
As a consequence, workers in the industry require training as repair and maintenance jobs now involve a high-degree of specialization. This is explained by the rapid development of technologies that are incorporated in modern car designs, such as electronic actuated car functions like power windows, electronic control unit, self-parking, and navigating car features with global positioning systems.
A technician needs to be well trained and knowledgeable about these modern car design aspects to be able to conduct a thorough routine inspection, which is followed by necessary repairs.
In addition, safety has become more crucial in the industry, and this goal is reflected in the regulations and legislations enacted in order to protect workers and encourage effective risk management. Safety has become a paramount concern because of the high-degree of risk brought about by the need for manual handling like welding and working with heavy loads.
The outlook of auto repair industry in the future is simple—rapid growth. The fast fit segment of the business, which involves servicing vehicles as customers wait, is projected to grow at an annual rate of more than 3% until 2015.
The estimated value of that would be almost $7 BB. According to industry expert research, on a global scale, the automotive repair and maintenance services industry is expected to be worth almost $306 billion by 2015.
The United States leads the market with an estimated value of over $41 BB in 2012. The industry is also expected to show the strongest regional growth in the Asia-Pacific region.
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