Motor Vehicle Maintenance & Repair in Ireland - Industry Market Research Report

Old money: An expanding used car population sustains garage revenue

Car repairers' revenue is forecast to decrease at a compound annual rate of 1.3% to €5.3 billion over the five years through 2023, including growth of 2.4% in 2023, when the average profit margin will be 15.8%. Garages across Ireland have registered a mixed performance. The average age of motor vehicles has remained high compared to historical levels, raising demand as older vehicles need more repair work than new vehicles. New car sales continue to fall in the Irish market as used car sales gain further ground, elevating the average age of the Irish car. According to Cartell.ie, an independent car history provider, the average age of the Irish motor vehicle fleet in 2022 was 8.6 years, significantly higher than the previous five years. The expansion in the total number of motor vehicles has contributed positively to demand for repairs. Operators in the industry maintain and repair motor vehicles. They carry out general mechanical and electrical repairs, bodywork repairs, windscreen repairs, maintenance and servicing. The industry only includes firms that primarily specialise in maintenance and repair activities. Washing and polishing activities are also included in the industry. However, car washes operated by petrol stations and firms that retread and rebuild tyres are not included. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.