The Big Four covers 45% of the market, and the stores are diversified and transformed into the normal state | North American accident car maintenance chain TOP10
introduction
In the first two weeks, Xiao Bian took stock of the list of quick oil change and quick repair and quick maintenance chains in the United States.Some enthusiastic readers left a message saying that they hope to have another issue dedicated to introducing the American accident car maintenance chain. Well, this is the introduction.
Executive summary:
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The Big Four are currentlymainofThe growth means is to buy small accident car maintenance chain;
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It is estimated that before 2021,The Big Four will cover 45% of the American accident car repair market;
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The speed of merger and reorganization slowed down, and the giants began to consider purchasing strategic clusters;
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technologyinnovateIs playing a role in promoting market changes;
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outletsDiversified transformation will become the norm.
A brief introduction to the top 10 accident car maintenance chains in the United States
1. Boyd group,One of the four giants of the American accident car maintenance chain,Founded in 1990 and headquartered in California, USA,It owns Boyd Autobody & Glas,Gerber Collision & Glass andOther accident car maintenance chain.about4,170 employees,the year of 2016The annual output value is578.3 million dollars,haveMore than 400Direct sellingStore.
Its latest acquisition list is:Assured Automotive, Craftmaster Auto Body and Champ’s Holding Company, LLC.
Gerber, who was famous then, is now.A subsidiary of Boyd group,Founded in 1937, headquartered in Illinois, USA, aboutThere are 498 employees,the year of 2016The annual output value is50 million dollars.
Its latest acquisition list is: Faith Autobody Repair Centers..
2. Service King,One of the four giants of the American accident car maintenance chain,Founded in 1976, headquartered in Texas, USA, with about 4,686 employees,the year of 2016Annual output valuefor549 million dollars, with more than 300 direct stores.
Its latest acquisition list includes: First Impressions Collision, Inc., The Body Shop Collision Center and Auto World Paint and Body.
In addition, there were rumors in the first half of this year.Service KingWill soon be acquired, I wonder if it is true.
3. ABRA,One of the four giants of the American accident car maintenance chain,Founded in 1984, headquartered in Minnesota, USA, with about 613 employees,the year of 2016Annual output valuefor100 million dollars, with more than 300 stores, direct sales+joining.
Its latest acquisition list includes: Lehman’s Garage, MGM Collision South, Inc. and Keenan Auto Body..
4. Caliber Collision, one of the four giants of the American accident car maintenance chain,Founded in 1997, headquartered in.United States of AmericaTexas,about6,444 employees, 2016The annual output value is89 million dollars, with more than 500 direct stores.
CalibeR Collision’sThe latest round of financing was in 2013.Raised $60 million, and the main investor was Penfund.
thatThe latest acquisition list includes:Collision care auto body centers Inc., Craigs Collision Ctr and Automotive Collision Tech.
5. MAACO,Founded in 1972,A subsidiary of Driven Brands,Headquartered in North Carolina, USA,Franchise mode. general headquartersaboutThere are 65 employees,the year of 2016Annual output valueIt is $91 million and has more than 500 franchise stores.
Its latest acquisition list is: Spray Glo Auto Refining & Body Repair and 1-Day Paint & Body Centers, Inc.
6. CARSTAR,Founded in 1989, a subsidiary of Driven Brands, headquartered in Kansas, USA,Franchise mode. general headquartersabout306 employees,the year of 2016Annual output value23.2 million US dollars, with more than 500 franchise stores in the United States and Canada.
7. Fix Auto,Founded in 1997, headquartered in Blainville, Canada, it began to implement franchise mode (joining) in the United States in 2011. The number of stores is unknown, and the annual output value is unknown.
Its latest acquisition list is:Novus Glass, Speedy Glass and Speedy Corporation.
8. Joe Hudson,Founded in 1989, it is a family business with 56 direct stores, with unknown number of employees and annual output value.
9. Cooks Collision, Founded in 1979, headquartered in California, 39Direct sellingShop,The number of employees is unknown and the annual output value is unknown.
10. Classic Collision,Founded in 1983, currently19Direct sellingStore, located in Atlanta, family business,The number of employees is unknown and the annual output value is unknown.
2. The latest development of accident car maintenance chain in the United States
Last week, Vincent Romans, CEO of Roman Consulting Company, expressed his latest views on the accident car maintenance industry in the United States at the seminar on the development of accident car maintenance chain in Chicago Auto Show.
1. The market in the next five yearspredict
Vincent predicts that before 2021, the market share of the above-mentioned four giants, such as Boyd Group, will continue to grow, covering nearly 45% of the American accident car repair market, equivalent to a share of $16.7 billion (he estimates that the share of the entire accident car market segment is about $37.6 billion).
There are also 55% shares belonging to those small chain stores and single stores.
Vincent said: "We are now at another stage of the industry.Industry consolidation continues, but the speed has obviously slowed down. The Big Four are in no hurry to buy small chains at this stage.Instead, we are considering purchasing strategic clusters. "
"The market is currently in a temporary equilibrium state," Vincent said. "However, in the next two or three years, we will have another large-scale market contraction."
"At present, all kinds oftechnologyInnovation is playing a driving role, "Vincent said.
Diversified transformation in the industry will become the norm, which will lead to various simple and complex partnerships, alliances and market segments will be integrated.
2. Market conditions affecting the industry
At the meeting, Vincent cited various market conditions that affected the industry: stores increased DRP;; Advanced driver assistance system and automatic driving technology; Remote information processing; Supply chain integration;Alternative assessment model of margin pressure;predictive parsing;Photo evaluation;Main engine factory; The speed of technical iteration;Population, urbanization and changing lifestyles, etc.
3. Private equity players also join in the fun.
Private equity funds have also entered the PBE supply chain.VincentIt is mentioned that PNC RiverArch Capital acquired Painter’s Supply, 21 of which are located in Michigan, Ohio and Indiana. Driven Brands cooperated with many private equity groups to establish a wider MSO (multi-store operation, which means chain operation) group franchise network in its Maaco and CARSTAR.
If they come together, it may not have that great influence, but together, they can be very powerful.VincentSay.
The above is a brief introduction to the American accident car maintenance market at this stage.