Auto Mechanics in the US - Industry Market Research Report
Description
Auto Mechanics in the US
Auto mechanics provide mechanical and electrical repair and maintenance for a variety of vehicles, including cars, truck and vans. Over the five years to 2023, the industry a moderate decline. Though the number of vehicles on the road has expanded, along with the average age of the vehicle fleet, a decline in consumer confidence can make consumers postpone car repair and maintenance services. Revenue growth was significantly disrupted in 2020 by the COVID-19 pandemic, as a sharp decline in total vehicle mileage reduced the need for car repairs overall. Even as revenue quickly recovered, it couldn't reach prepandemic levels. Overall, industry revenue is expected to decline at a CAGR of 0.8% to $76.8 billion over the five years to 2023, including an increase of 0.8% in 2023.
The Auto Mechanics industry provides mechanical and electrical repair and maintenance for cars, trucks, vans and trailers. Operators include self-employed mechanics, auto repair shops, garages and car care centers. This industry does not include car dealerships, auto parts retailers or gas stations that provide industry services. Industry services do not include auto bodywork, car washes, oil changes or air conditioning repair (IBISWorld reports 81112, 81119a and 81119b, respectively).
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.
Auto mechanics provide mechanical and electrical repair and maintenance for a variety of vehicles, including cars, truck and vans. Over the five years to 2023, the industry a moderate decline. Though the number of vehicles on the road has expanded, along with the average age of the vehicle fleet, a decline in consumer confidence can make consumers postpone car repair and maintenance services. Revenue growth was significantly disrupted in 2020 by the COVID-19 pandemic, as a sharp decline in total vehicle mileage reduced the need for car repairs overall. Even as revenue quickly recovered, it couldn't reach prepandemic levels. Overall, industry revenue is expected to decline at a CAGR of 0.8% to $76.8 billion over the five years to 2023, including an increase of 0.8% in 2023.
The Auto Mechanics industry provides mechanical and electrical repair and maintenance for cars, trucks, vans and trailers. Operators include self-employed mechanics, auto repair shops, garages and car care centers. This industry does not include car dealerships, auto parts retailers or gas stations that provide industry services. Industry services do not include auto bodywork, car washes, oil changes or air conditioning repair (IBISWorld reports 81112, 81119a and 81119b, respectively).
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.
Table of Contents
47 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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