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

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...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
2.0%
Forecast Growth 17-22
Profit
Employment
35,303
Businesses
20,506
What Our Customers Say

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
  • Industry Report - Industry Locations Chapter

    Florida is home to one of the highest concentrations of auto mechanics in the United Stated, with 5.8% of total establishments in the nation. The geographic distribution of industry establishments in Florida closely follows the distribution of the state's population because of the industry's service-based nature. Industry operators are therefore primarily concentrated in the Miami-South (32.2% of total establishments), Tampa-West (30.0%) and Orlando-East Central (20.8%) regions of Florida. Only a few establishments can be found in the Jacksonville-North (10.6%) and Tallahassee-Panhandle (6.4%) regions of the state...purchase to read more.

    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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    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
  • Similar Industries
  • New Car Dealers
  • Used Car Dealers
  • Auto Parts Stores
  • Gas Stations with Convenience Stores
  • Car Body Shops
  • Car Wash & Auto Detailing
  • Oil Change Services
  • Auto Mechanics in California
  • Car Body Shops in California
  • Car Washes & Oil Change Shops in California
  • Auto Mechanics in New York
  • Car Body Shops in New York
  • Car Washes & Oil Change Shops in New York
  • Auto Mechanics in Illinois
  • Car Body Shops in Illinois
  • Car Wash & Auto Detailing in Illinois
  • Car Body Shops in Texas
  • Auto Mechanics in Texas
  • Car Body Shops in Florida
  • Car Wash & Auto Detailing in Florida
  • Auto Mechanics in Massachusetts
  • Car Body Shops in Massachusetts
  • Car Wash & Auto Detailing in Massachusetts
  • Car Body Shops in Ohio
  • Auto Mechanics in Ohio
  • Car Wash & Auto Detailing in Ohio
  • Auto Mechanics in Pennsylvania
  • Car Body Shops in Pennsylvania
  • Auto Mechanics in New Jersey
  • Car Body Shops in New Jersey
  • Auto Mechanics in Georgia
  • Car Body Shops in Georgia
  • Car Wash & Auto Detailing in Georgia
  • Auto Mechanics in Michigan
  • Car Body Shops in Michigan
  • Auto Mechanics in Wisconsin
  • Car Wash & Auto Detailing in Wisconsin
  • Auto Mechanics in Washington
  • Car Wash & Auto Detailing in Washington
  • Auto Mechanics in Virginia
  • Car Wash & Auto Detailing in Virginia
  • Auto Mechanics in Tennessee
  • Car Wash & Auto Detailing in Tennessee
  • Auto Mechanics in Missouri
  • Car Body Shops in Missouri
  • Car Wash & Auto Detailing in Missouri
  • Auto Mechanics in North Carolina
  • Car Wash & Auto Detailing in North Carolina
  • Auto Mechanics in Minnesota
  • Car Wash & Auto Detailing in Minnesota
  • Auto Mechanics in Maryland
  • Car Wash & Auto Detailing in Maryland
  • Auto Mechanics in Colorado
  • Car Wash & Auto Detailing in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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

  • 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

  • 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
    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
    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’s Auto Mechanics in Florida Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Auto Mechanics in Florida industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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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