Tuning up: Rising disposable income and an aging vehicle fleet will support demand in Illinois

The Auto Mechanics industry in Illinois has exhibited strong growth over the five years to 2017. Rising per capita disposable income and corporate profit has encouraged consumers to opt for professional repair services as opposed to do-it-yourself (DIY) repair, bolstering industry demand. Moreover, drivers, who neglected nonessential repairs and maintenance during the previous five-year period, were more likely to release pent-up demand for industry services in the current period, in response to rising consumer confidence. Over the five years to 2022, the industry is forecast to continue growing, due to similar trends. Consumers are expected to spend more on maintenance and repairs in response to rising disposable income levels...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
3.2%
Forecast Growth 17-22
Profit
Employment
24,468
Businesses
10,180

Industry Threats & Opportunities

  • As vehicles get older, demand for repairs and maintenance services become more important
  • Demand for industry services is expected to remain relatively stable in the long term
  • Growth in new car sales is forecast to fall over the next five years, which will benefit demand
  • Industry Report - Industry Analysis Chapter

    The Auto Mechanics industry in Illinois has grown over the past five years, as consumers and businesses increase demand for industry services. During the five-year period, per capita disposable income in Illinois and overall corporate profit improved, which encouraged consumers to purchase professional repair services rather than opt for do-it-yourself (DIY) repairs, benefiting industry revenue. Moreover, consumers in Illinois, who delayed nonessential car and truck repairs during the previous five-year period due to financial constraints, released pent-up demand for industry services during the current period in response to rising disposable income, which gives individuals the ability to afford such expenditures. How...purchase to read more.

    Additional Insights for the Auto Mechanics in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Mechanics in Illinois 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 Average age of vehicle fleet and Per Capita Disposable Income in Illinois in the Auto Mechanics in Illinois industry impact industry performance..

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    What's in this report

    What is the Auto Mechanics in Illinois Industry?

    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 (IBISWorld reports 81112, 81119a and 81119b, respectively).

    Industry Products
  • Powertrain repair services
  • Brake repair services
  • Scheduled and preventative repair services
  • Electrical system repair services
  • Heating repair services
  • Muffler and exhaust repair services
  • Wheel alignment and repair services
  • Other 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
  • Car Body Shops in Illinois
  • Car Wash & Auto Detailing in Illinois
  • Car Body Shops in Texas
  • Auto Mechanics in Texas
  • Auto Mechanics in Florida
  • 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
  • Average age of vehicle fleet
  • Per Capita Disposable Income in Illinois
  • New car sales
  • Number of motor vehicle registrations
  • Total vehicle miles in Illinois

  • Current Performance
  • Industry trends
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued growth
  • Profit
  • Stable market share concentration
  • Table: Auto Mechanics in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Mechanics in Illinois 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 Mechanics

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

  • Major Markets
  • Individual consumers
  • Businesses
  • Government
  • Nonprofits
  • Chart: Major Market Segmentation for the Auto Mechanics in Illinois 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 Illinois

  • Basis of Competition
  • Internal
  • External

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

  • Jiffy Lube International Inc., Meineke Car Care Centers LLC, Midas International Corporation, Monro Muffler Brake Inc.,
  • Table: Jiffy Lube International Inc. - financial performance
  • Table: Meineke Car Care Centers LLC - financial performance
  • Table: Midas International Corporation - financial performance
  • Table: Monro Muffler Brake Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Mechanics in Illinois 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 Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Do-It-For-Me
  • A category of customers who prefer to hire professionals to complete maintenance or repairs instead of doing these tasks themselves.
  • Do-It-Yourself (Diy)
  • A category of customers who complete tasks and projects on their own that would generally be outsourced to a business or service provider.
  • Powertrain
  • The main automobile components that generate power and deliver it to the road surface. Includes the engine, transmission, suspension, wheels and other parts.
  • Telematics
  • Vehicular telecommunications and information processing technology. Includes GPS navigation, hands-free cell phone technology, automatic driving assistance systems and other similar technologies.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Auto Mechanics in Illinois Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

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    This report on Auto Mechanics in Illinois:
    • 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 Illinois 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 Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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