We have learned in the recent past that ‘it is okay to expect everything unexpected.’
It is totally fine to drive scenarios that don’t exist in the current situation.
With the pandemic hitting us hard since March 2020, we all are thinking beyond the regular scenes. That’s why stepping into 2021 made us plan for literally everything. We may feel an understandable amount of caution when it comes to making any new strategies or plans.
Well, indeed, one can’t predict the future. But, with the continuous pandemic phase, researchers and analysts have drawn specific trends to keep the professionals updated about what’s going on in the auto repair industry and how to change the landscape of their operations according to the new era.
With the idea of digitization and online businesses, it is now time to seek help from the technology (we are dependent on it, fortunately, or unfortunately.) It has significantly changed the way auto repair garages used to operate. So let’s get into the dynamic scene.
COVID-19’S IMPACT ON AUTO REPAIR BUSINESS
With the wave of strict lockdowns, many businesses had to shut down. Especially those who don’t have any online appearance and had no plans for their repair business to run online. While auto repair businesses still survived because local travel was banned. Car owners needed to keep their vehicles updated, and for this reason, several auto repair businesses were allowed to continue operations under state and local public health guidelines. But the reality was, they all faced a significant decrease in traffic.
Compared to the repair businesses, which had online websites and worked with their auto repair shop billing software, they performed better. Why? Because they could schedule online appointments, communicate with their customers on the limited working hours, inform the community about general repair practices, and more.
Looking into this effective solution, many business owners researched and invested in smart workshop management systems. As a result, there is now a surge in the usage of such systems because they are a need of the hour, and now is the best time to integrate auto repair software in your business, to keep it working on all wheels.
However, even when the pandemic is over (hopefully soon), businesses available for the customers 24/7, have constant contact with the community and have online reviews will kickass those who are just having a brick and mortar stores.
Understanding the global changes, we should be implementing more permanent changes if we haven’t already.
Adding auto shop software into your everyday business can drastically help you cope with the new normal and thrive as a digital shop. Right now, we must do our best to focus on the opportunities and challenges that will eventually appear, so we can prepare for what’s to come.
LONG-TERM FORECAST ON AUTOMOTIVE REPAIR INDUSTRY: 2020 & 2030
Talking about the instant changes and fluctuations, let’s see what we can expect in this decade. We have passed the year 2020 and noticed that the global auto repair market had grown 4 billion from $641. Whereas, in the current year, it is estimated to reach the number $690.07 billion. IT shows a compound growth rate of 7.6%.
This is an incredible number and a moment of celebration for all the garage owners. This incline in the total number is mainly due to the adaptivity of new trends, and the use of automotive repair software lies on top of these trends. According to the experts in the niche, it is calculated to reach $879. 4 billion in 2025 at a CAGR of 6%.
Looking at the stats, it is a good time to invest in an automotive repair garage to set up your own business. The repair market consists of almost all kinds of audiences. They have sole traders, organizations dealing in used vehicles, and automotive sales partnerships. The business will stay in demand but will surely filter out. When filtering the advanced repair shops for people, the old and traditional ones will shut down.
DIGITIZATION, INCREASING AUTOMATION, AND MODERNIZATION
The use of technology in every aspect of our daily life has revolutionized the way we used to live. Similarly, talking about the business world, the increasing use of such features has changed the industry. It is putting a lot of pressure on traditional repair shops to upgrade their systems.
It is not because of the pandemic solely, but it is the digital age. Here, from ordering food online to having SMART homes, everything is automated. Therefore, when automobiles are coming up with the latest advancements, their repairing techniques should be reconsidered as well. Owners of these cutting-edge vehicles must be confident about choosing your local auto repair shop. And it will happen only if you have trained technicians and technology to properly repair these technologically advanced vehicles.
In the last decade, especially from the year 2011 to 2019, there was a surge in stepping into the business world. Many startups and individuals chose the repair industry to get settled. In the initial phase, these repair shop owners opted for budget-friendly solutions to cater to their needs. They used spreadsheets, online scheduling tools, and sometimes sticky notes to keep things organized.
However, significant tasks like inventory management, customer record keeping, fetching reports, and appointment scheduling, was done manually. This gave a massive head back to entrepreneurs when the radical change happened.
Their manual methods helped set up the entire system, but manual techniques ditched them when they aimed to grow. It resulted in lost records, wrong calculations, poor management, and a decline in profit margins.
However, to cope with that miserable condition, most repair shop owners started looking for advanced systems. Web-based or cloud-based auto repair systems became their no.1 choice. Why? Because they could automate every single task with them. Everything got more manageable, from managing employees’ details to managing sold items, keeping records of repair parts and customer information.
Moving forward, mobile-friendly systems are now getting the hype. Entrepreneurs are witnessing the fastest growth in mobile-based software. From being handy to being portable, these complete systems are easy to carry around. Technicians can have the app on their phones and can perform on-site repairs efficiently. It doesn’t only save time but increases efficiency as well. You can read more about improving the efficiency of your business here.
Till 2030, the automotive repair workshop software will keep holding the largest share in the automotive repair market, as a considerable number of business owners are still there who need to update them.