Overview

Tune up: Industry revenue will continue to increase in line with strengthening demand

IBISWorld’s Industry Market Report on Auto Mechanics in Florida is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Revenue growth has been driven primarily by increases in total vehicle miles driven in Florida
  • Profit margins for industry operators in Florida have been falling, despite the increase in revenue
  • As disposable income rises further, consumers are expected to invest more in vehicle repairs

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    Industry Analysis & Industry Trends

    The Auto Mechanics industry in Florida has grown steadily over the five years to 2017 in line with strengthening demand for vehicle repair and maintenance services. Revenue growth has been driven primarily by increases in total vehicle miles driven in Florida and rising per capita disposable income in the state. As car owners have begun driving more, wear and tear on their vehicles has increased, necessitating greater amounts of repair and maintenance work. Over the five years to 2022, the industry is expected to grow further as the trends from the past five years continue. IBISWorld projects that vehicle travel will continue to grow but at a slightly slower rate, while the rate of income growth will increase marginally...

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    Industry Report - Industry Products Chapter

    Scheduled and preventative repair and maintenance services

    Scheduled and preventative repair and maintenance services is estimated to represent the largest segment of the Auto Mechanics industry in Florida, accounting for 28.9% of revenue in 2017. This segment represents a larger share of industry revenue at the state level than at the national level. This service segment includes basic vehicle maintenance services and minor repair jobs to prevent more extensive damage. Additionally, this segment accounts for all regulatory inspections that must be completed before vehicles are permitted on the road. Over the past five years, this service segment has grown as a share of industry revenue as a result of increases in per capita disposable income. As ..

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    Additional Insights for the Auto Mechanics in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Mechanics in Florida Industry are

  • Access to skilled automotive technicians
  • Provision of superior after-sales service
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Total vehicle miles in Florida and Average age of vehicle fleet in the Auto Mechanics in Florida industry impact industry performance..

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    Industry Products

    What is the Auto Mechanics in Florida Industry?

    The Auto Mechanics industry in Florida 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.

    Industry Products
    Scheduled and preventative repair and maintenance services
    Powertrain repair services
    Brake repair services
    Wheel alignment and repair services
    Electrical system repair services
    Heating repair services
    Muffler and exhaust repair services
    Other repair and maintenance services
    Industry Activities
    Repairing and replacing automotive engines
    Performing general automotive repairs
    Repairing trucks
    Repairing and replacing automotive exhaust systems
    Repairing and replacing mufflers
    Repairing automotive transmissions
    Repairing automotive brakes
    Performing automotive electric repairs
    Performing automotive wheel alignments
    Repairing automotive radiators

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total vehicle miles in Florida
  • Average age of vehicle fleet
  • Per capita disposable income in Florida
  • Number of motor vehicle registrations
  • New car sales
  • Corporate profit

  • Current Performance
  • Demand trends higher
  • Increasing operating expenses
  • Enterprise and establishment growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued growth
  • Higher operating costs
  • Table: Auto Mechanics in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Mechanics in Florida Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Car Body Shops
  • Taxi & Limousine Services
  • Consumers

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing
  • Auto Parts Wholesaling

  • Products & Services
  • Scheduled and preventative repair and maintenance services
  • Powertrain repair services
  • Other repair and maintenance services
  • Brake repair services
  • Wheel alignment and repair services
  • Electrical system repair services
  • Heating repair services
  • Muffler and exhaust repair services
  • Chart: Auto Mechanics in Florida Industry Products and Services Segmentation

  • Major Markets
  • Consumers under 45
  • Businesses
  • Consumers aged 45-64
  • Consumers 65 and older
  • Government and nonprofit organizations
  • Chart: Major Market Segmentation for the Auto Mechanics in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Auto Mechanics in Florida

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Mechanics in Florida Industry

  • Major Companies
    Jiffy LubeMonro Muffler Brake, IncPep BoysTBC Corporation
  • Table: Jiffy Lube - financial performance
  • Table: Monro Muffler Brake, Inc - financial performance
  • Table: Pep Boys - financial performance
  • Table: TBC Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Mechanics in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Auto Mechanics in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Average age of vehicle fleet (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Florida Motor Vehicle Repair Act
  • A regulation that requires industry operators to register with the Florida Department of Agriculture and Consumer Services before performing repair or maintenance work on customers’ vehicles.
  • Powertrain
  • The main automobile components that generate power to move a vehicle along a road’s surface. The powertrain includes the engine, transmission, suspension, wheels and other components.
  • Telematics
  • Telecommunications and information processing systems in vehicles. Telematics include GPS navigation, hands-free cellular devices, automatic driving assistance systems and other similar technologies.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Mechanics in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Mechanics in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Mechanics in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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