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
Finding affordable parts remains the top concern for 46% of repair shops . Continued global uncertainty and tariffs have driven record-high one-month spikes in repair costs (up to 5% in late 2025) . General/Automotive/Auto repair & parts
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" . shops are boosting compensation