Fixed up: Increases in income and corporate profit will boost industry demand

The Auto Mechanics industry in New York has grown steadily over the five years to 2017. Individuals and businesses have increased demand for industry services, as rising per capita disposable income in New York and corporate profit in the overall United States encourage consumers to opt for auto mechanic services over do-it-yourself repair. Over the five years to 2022, the Auto Mechanics industry in New York is expected to continue to grow, due to similar trends from the past five years. Disposable income levels are expected to continue to grow, encouraging some consumers to spend more on the maintenance and repair of their vehicles, while driving others to instead buy new cars, tempering industry revenue growth...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
1.3%
Forecast Growth 17-22
x.x%lock
Profit
x.x%lock
Employment
27,956
Businesses
12,872
Market Share of Companies
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Industry Threats & Opportunities

  • Increased disposable income may drive consumers to buy new vehicles instead of repairing old ones, hindering growth
  • Growth in disposable income and corporate profit have encouraged many consumers and businesses to increase spending on industry services
  • Some consumers will likely increasingly invest in newer vehicles that are less costly to maintain and own

    • Industry Report - Starting a New Business Chapter

    Barriers to entry in the industry are relatively low. Initial capital costs for a new auto mechanic shop vary tremendously depending on the scale of operations. While some new shops can cost as much as $1.0 million to establish, a smaller operation can cost much less and include basic tools and an operating location. In fact, mechanics, who are unable to purchase or rent property to conduct their business, can alternatively become mobile auto mechanics that travel to their clients. Obtaining proper permits can alternatively prove to be difficult, as many cities have strict zoning laws determining where an auto repair shop can and cannot be located. Likely the most difficult barrier to entry is the ability to hire sufficiently skilled workers. Aut...purchase to read more.

    Additional Insights for the Auto Mechanics in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Mechanics in New York 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 New car sales in the Auto Mechanics in New York industry impact industry performance..

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    Industry Products

    What is the Auto Mechanics in New York Industry?

    This 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
  • Brake repair
  • Scheduled and preventative repair
  • Electrical system repair
  • Heating repair
  • Muffler and exhaust repair
  • Wheel alignment and repair
  • Other repair 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

    • Related Reports

    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
  • 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
  • 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

    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
  • Average age of vehicle fleet
  • New car sales
  • Number of motor vehicle registrations
  • Per Capita Disposable Income in New York
  • Total vehicle miles

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

    • Industry Outlook
  • Continued growth
  • Profit
  • Higher operating costs
  • Stable market share concentration
  • Table: Auto Mechanics in New York Industry Revenue Outlook

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

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

    • Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 25 to 44
  • Businesses
  • Consumers aged 65 and older
  • Consumers under the age of 25
  • Government
  • Nonprofit
  • Chart: Major Market Segmentation for the Auto Mechanics in New York Industry

    • Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Auto Mechanics in New York

    • Basis of Competition
  • Internal competition
  • External competition

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

    • Major Companies

    Jiffy LubeMeinekeMonro Muffler Brake, IncTBC Corporation
  • Table: Jiffy Lube - financial performance
  • Table: Meineke - financial performance
  • Table: Monro Muffler Brake, Inc - financial performance
  • Table: TBC Corporation - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Mechanics in New York 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 New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    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.
    • Why buy this report?

    The Auto Mechanics in New York Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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