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| Products/Services Breakdown | |
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2024 U.S. Industry Statistics & Market Forecast - General Automotive Repair
Market Size & Industry Statistics
The total U.S. industry market size for General Automotive Repair:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The General Automotive Repair industry is currently experiencing several key trends that are shaping its future. One of the most significant trends is the growing demand for electric and hybrid vehicles. As these vehicles become more prevalent, repair shops will need to invest in specialized training and equipment to service them properly.Another trend is the increasing use of technology in automotive repair. Diagnostic tools and software are becoming more advanced, allowing mechanics to quickly identify and fix problems. Additionally, the use of artificial intelligence and machine learning is becoming more common, enabling repair shops to offer more predictive and preventative maintenance.
The rise of the sharing economy is also impacting the automotive repair industry. As car sharing services become more popular, there may be a decline in the number of privately owned vehicles, which could lead to a decrease in demand for traditional repair services.
Finally, the pandemic has also had a significant impact on the industry, with many repair shops struggling due to reduced demand and supply chain disruptions. However, digitalization and contactless services have become more common, enabling repair shops to adapt to the changing circumstances.
Overall, the General Automotive Repair industry is experiencing significant changes that require adaptation and innovation to remain competitive and relevant.
Product & Services Breakdown
Research products and services in the General Automotive Repair industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Body Repair Services For Cars And Light Trucks |
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Body Repair Services, Major And Minor For Cars And Light Trucks |
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Painting Services For Cars And Light Trucks |
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Wheel And Alignment Services For Cars And Light Trucks |
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Scheduled, Factory-Recommended, And Preventative Maintenance Services For Cars And Light Trucks |
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Oil Change Services For Cars And Light Trucks |
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Other Scheduled, Factory-Recommended, And Preventative Maintenance Services For Cars And Light Trucks |
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Powertrain, Engine, And Transmission Repair Services For Cars And Light Trucks |
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Brake Repair Services For Cars And Light Trucks |
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Electrical/Electronic System Repair Services For Cars And Light Trucks |
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Muffler And Exhaust Systems Repair Services For Cars And Light Trucks |
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Tire Repair Services For Cars And Light Trucks |
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Heating, Air Conditioning, And Radiator System Repair Services For Cars And Light Trucks |
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Regulatory Safety Inspections And Emissions Testing Services For Cars And Light Trucks |
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Other Repair Services For Cars And Light Trucks |
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Maintenance And Repair Services For Motor Homes, Travel Trailers, And Campers |
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Body Repair Services For Heavy Trucks And Buses |
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Body Repair Services, Major And Minor For Heavy Trucks And Buses |
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Other Body Repair Services For Heavy Trucks And Buses |
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Wheel And Alignment Services For Heavy Trucks And Buses |
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Scheduled, Factory-Recommended, And Preventative Maintenance Services For Heavy Trucks And Buses |
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Powertrain, Engine, And Transmission Repair Services For Heavy Trucks And Buses |
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Brake Repair Services For Heavy Trucks And Buses |
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Electrical/Electronic System Repair Services For Heavy Trucks And Buses |
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Tire Repair Services For Heavy Trucks And Buses |
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Regulatory Safety Inspections And Emissions Testing Services For Heavy Trucks And Buses |
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Other Repair Services For Heavy Trucks And Buses |
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All Other Maintenance And Repair Services |
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Resale Of Merchandise |
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Resale Of Merchandise - Parts And Supplies For Road Vehicles Not Included In Repair Work |
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Used Cars, Trucks, And Other Transportation Vehicles |
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Other Merchandise |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a General Automotive Repair company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the General Automotive Repair industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on General Automotive Repair measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
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| Top Executives | 6% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 6% | |||
| General and Operations Managers | 6% | |||
| Sales and Related Occupations | 6% | |||
| Retail Sales Workers | 5% | |||
| Office and Administrative Support Occupations | 13% | |||
| Installation, Maintenance, and Repair Occupations | 66% | |||
| Supervisors of Installation, Maintenance, and Repair Workers | 7% | |||
| First-Line Supervisors of Mechanics, Installers, and Repairers | 7% | |||
| First-Line Supervisors of Mechanics, Installers, and Repairers | 7% | |||
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 57% | |||
| Automotive Technicians and Repairers | 49% | |||
| Automotive Service Technicians and Mechanics | 47% | |||
| Bus and Truck Mechanics and Diesel Engine Specialists | 6% | |||
| Bus and Truck Mechanics and Diesel Engine Specialists | 6% | |||
| Transportation and Material Moving Occupations | 5% | |||
General Automotive Repair Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the General Automotive Repair industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the General Automotive Repair industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the General Automotive Repair industry. |
Recent Federal Contracts for General Automotive Repair- Apr 02, 2024: DIESEL TECHNOLOGY, INC. (Cortez, CO) awarded $14,959
- Apr 02, 2024: TRINITY DIESEL, INC. (Arcata, CA) awarded $17,004
- Apr 02, 2024: INSURANCE AUTO AUCTIONS, INC. (Westchester, IL) awarded $54,150
- Apr 02, 2024: WW CUSTOM REPAIR (Vernal, UT) awarded $10,416
- Apr 01, 2024: COUFAL-PRATER EQUIPMENT LLC (Waco, TX) awarded $38,992
- Apr 01, 2024: CRUMP TRUCK AND TRAILER WORKS, INC. (Springfield, MO) awarded $50,832
- Apr 02, 2024: DIESEL TECHNOLOGY, INC. (Cortez, CO) awarded $14,959
- Apr 02, 2024: TRINITY DIESEL, INC. (Arcata, CA) awarded $17,004
- Apr 02, 2024: INSURANCE AUTO AUCTIONS, INC. (Westchester, IL) awarded $54,150
- Apr 02, 2024: WW CUSTOM REPAIR (Vernal, UT) awarded $10,416
- Apr 01, 2024: COUFAL-PRATER EQUIPMENT LLC (Waco, TX) awarded $38,992
- Apr 01, 2024: CRUMP TRUCK AND TRAILER WORKS, INC. (Springfield, MO) awarded $50,832
