Repair & Parts — General/automotive/auto

Despite strong demand, the industry faces significant operational headwinds:

The industry is navigating a structural labor shortage. To attract talent, shops are boosting compensation, improving benefits, and offering advanced training, though roughly 25% of businesses report they have simply "stopped looking for help" . General/Automotive/Auto repair & parts

The automotive repair and parts industry in 2026 is characterized by a record-high average vehicle age of . This aging fleet, driven by high new car prices, has created a steady baseline of demand for aftermarket services as consumers opt to repair older vehicles rather than replace them . Market Size and Growth Forecast This aging fleet, driven by high new car

Rising vehicle ownership in developing regions like Asia-Pacific (the fastest-growing market) and the necessity of maintaining out-of-warranty vehicles . Critical Industry Challenges Over 65% of collision repairs now require Advanced

Modern cars require more advanced diagnostics. Over 65% of collision repairs now require Advanced Driver Assistance Systems (ADAS) calibration . Global Automotive Repair and Maintenance Market Report 2026