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.Grease lightning: Recent interest rate hikes will likely encourage more consumers to seek out repairs
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.
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
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Travelcenters Of America Inc.
- Monro Muffler Brake Inc.
- Tbc Corp
- Love’s Travel Stops & Country Stores Inc.
- Meineke Car Care Centers LLC
- The Boyd Group Inc.
- NationaLease
Methodology
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