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2024 U.S. Industry Statistics & Market Forecast - Automotive Repair and Maintenance


Market Size & Industry Statistics

The total U.S. industry market size for Automotive Repair and Maintenance: 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



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 (%)
Source: AnythingResearch Economic Analysis

Industry Insights

Major trends affect the Automotive Repair and Maintenance industry include:
  1. Increased vehicle complexity due to advancements in technology
  2. Rising adoption of electric and hybrid vehicles
  3. Growing importance of aftermarket services for older vehicles
  4. Expansion of digital and mobile services in vehicle repair
  5. Heightened focus on sustainability and eco-friendly practices
  6. Integration of advanced diagnostics and telematics
  7. Emergence of subscription-based and predictive maintenance models
  8. Increasing emphasis on customer experience and convenience
  9. Shortage of skilled automotive technicians
  10. Impact of economic fluctuations on consumer spending for vehicle maintenance


Product & Services Breakdown

Research products and services in the Automotive Repair and Maintenance industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Washing And Cleaning Services For Cars And Light Trucks

Detailing Services For Cars And Light Trucks

Automatic Washing And Waxing Services For Cars And Light Trucks

Hand Washing, With Or Without Waxing Services For Cars And Light Trucks

Self-Service Washing And Waxing For Cars And Light Trucks

Body Repair Services For Cars And Light Trucks

Body Repair Services, Major And Minor For Cars And Light Trucks

Painting Services For Cars And Light Trucks

Glass Repair And Replacement Services For Cars And Light Trucks

Body Conversion Services For Cars And Light Trucks

Automotive Upholstery Repair For Cars And Light Trucks

Other Body Repair Services For Cars And Light Trucks

Wheel And Alignment Services For Cars And Light Trucks

Scheduled, Factory-Recommended, And Preventative Maintenance Services For Cars And Light Trucks

Oil Change Services For Cars And Light Trucks

Other Scheduled, Factory-Recommended, And Preventative Maintenance Services For Cars And Light Trucks

Powertrain, Engine, And Transmission Repair Services For Cars And Light Trucks

Brake Repair Services For Cars And Light Trucks

Electrical/Electronic System Repair Services For Cars And Light Trucks

Muffler And Exhaust Systems Repair Services For Cars And Light Trucks

Tire Repair Services For Cars And Light Trucks

Heating, Air Conditioning, And Radiator System Repair Services For Cars And Light Trucks

Regulatory Safety Inspections And Emissions Testing Services For Cars And Light Trucks

Other Repair Services For Cars And Light Trucks

Maintenance And Repair Services For Motor Homes, Travel Trailers, And Campers

Washing And Cleaning Services For Heavy Trucks And Buses

Body Repair Services For Heavy Trucks And Buses

Body Repair Services, Major And Minor For Heavy Trucks And Buses

Painting Services For Heavy Trucks And Buses

Glass Repair And Replacement Services For Heavy Trucks And Buses

Other Body Repair Services For Heavy Trucks And Buses

Wheel And Alignment Services For Heavy Trucks And Buses

Scheduled, Factory-Recommended, And Preventative Maintenance Services For Heavy Trucks And Buses

Powertrain, Engine, And Transmission Repair Services For Heavy Trucks And Buses

Brake Repair Services For Heavy Trucks And Buses

Electrical/Electronic System Repair Services For Heavy Trucks And Buses

Tire Repair Services For Heavy Trucks And Buses

Regulatory Safety Inspections And Emissions Testing Services For Heavy Trucks And Buses

Other Repair Services For Heavy Trucks And Buses

All Other Maintenance And Repair Services

Resale Of Merchandise

Resale Of Merchandise - Parts And Supplies For Road Vehicles Not Included In Repair Work

Used Cars, Trucks, And Other Transportation Vehicles

Other Merchandise

All Other Receipts

All Other Operating Receipts



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.

U.S. map by state

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

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Automotive Repair and Maintenance company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry 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 Automotive Repair and Maintenance industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
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).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Automotive Repair and Maintenance measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry 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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.



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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Top Executives 6%
Chief Executives0%
General and Operations Managers 6%
General and Operations Managers6%
Business and Financial Operations Occupations 7%
Business Operations Specialists 6%
Cost Estimators 5%
Cost Estimators 5%
Sales and Related Occupations 5%
Retail Sales Workers 5%
Office and Administrative Support Occupations 10%
Installation, Maintenance, and Repair Occupations 47%
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 40%
Automotive Technicians and Repairers 36%
Automotive Body and Related Repairers 11%
Automotive Glass Installers and Repairers 5%
Automotive Service Technicians and Mechanics 24%
Bus and Truck Mechanics and Diesel Engine Specialists 6%
Bus and Truck Mechanics and Diesel Engine Specialists 6%
Production Occupations 11%
Other Production Occupations 10%
Painting Workers 8%
Coating, Painting, and Spraying Machine Setters, Operators, and Tenders 8%
Transportation and Material Moving Occupations 23%
Supervisors of Transportation and Material Moving Workers 7%
First-Line Supervisors of Transportation and Material Moving Workers 7%
First-Line Supervisors of Transportation and Material Moving Workers, Except Aircraft Cargo Handling Supervisors 7%
Other Transportation Workers 11%
Transportation Service Attendants 11%
Automotive and Watercraft Service Attendants 11%
Material Moving Workers 16%
Laborers and Material Movers 16%
Cleaners of Vehicles and Equipment 15%
Source: Bureau of Labor Statistics


Automotive Repair and Maintenance Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Automotive Repair and Maintenance 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 Automotive Repair and Maintenance 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 Automotive Repair and Maintenance industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Automotive Repair and Maintenance

  • 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: DAY MANAGEMENT CORP. (Milwaukie, OR) awarded $5,095
  • Apr 02, 2024: WW CUSTOM REPAIR (Vernal, UT) awarded $10,416
  • Apr 02, 2024: DIESEL TECHNOLOGY, INC. (Cortez, CO) awarded $14,959
  • Apr 02, 2024: AL WASITA FOR SUPPORT SERVICES (Amman, ) awarded $111,864