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Auto Mechanics in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Auto Mechanics Market Research Report | NAICS 81111 | Apr 2017

Fixed up: Rising incomes and corporate profit will boost industry demand

The Auto Mechanics market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$64bn
Annual Growth 12-17
2.5%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
565,110
Businesses
258,416
Industry Threats & Opportunities
  • An increase in disposable income and corporate profit levels have boosted sales
  • Growth in disposable income and corporate profit has 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
  • ... purchase to read more

Industry Analysis & Industry Trends

The Auto Mechanics industry has grown steadily over the five years to 2017. Individuals and businesses have increased demand for industry services, as rising per capita disposable income and corporate profit encourages consumers to opt for auto mechanic services over do-it-yourself repair. As the average age of vehicles increases, demand for industry services grows, as routine maintenance and repairs are typically necessary to keep vehicles running. Older vehicles require more frequent repairs, supporting industry growth. The industry is expected to continue to grow over the five years to 2022 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... ... purchase to read more

Industry Report - Industry Investment Chapter

The Auto Mechanics industry has a relatively low level of capital intensity, with the average industry operator spending an estimated $0.05 on capital for every $1.00 spent on wages. Due to the labor-intensive nature of industry activities, industry expenses are primarily composed of wages and other labor-associated costs. Repair shops heavily rely on skilled labor for diagnosing and repairing automobiles. In addition, industry employees are increasingly required to have a thorough understanding of technology given that more and more vehicles are being built with complex electronic systems and computers. A shortage of sufficiently trained and interested workers has led wage costs to grow over the past five years.

Conversely, industry capital costs are relatively low. Ind.. ... purchase to read more

Additional Insights for the Auto Mechanics Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Mechanics 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 industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Auto Mechanics 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 servicesBrake repair servicesScheduled and preventative repair and maintenance servicesElectrical system repair servicesHeating repair servicesMuffler and exhaust repair servicesWheel alignment and repair servicesOther repair and maintenance services
     
    Industry Activities
    Repairing and replacing automotive enginesPerforming general automotive repairsRepairing trucksRepairing and replacing automotive exhaust systemsRepairing and replacing mufflersRepairing automotive transmissionsRepairing automotive brakesPerforming automotive electric repairsPerforming automotive wheel alignmentsRepairing 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
  • Average age of vehicle fleet
  • New car sales
  • Number of motor vehicle registrations
  • Per capita disposable income
  • Total vehicle miles
  • Corporate profit
  • Current Performance
  • Demand trends higher
  • Industry landscape
  • Chart: Revenue Growth
  • Industry Outlook
  • Continued growth
  • Profit
  • Higher operating costs
  • Stable market share concentration
  • Table: Auto Mechanics Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Mechanics 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
  • Powertrain repair services
  • Scheduled and preventative repair and maintenance services
  • Brake repair services
  • Other repair and maintenance services
  • Electrical system repair services
  • Heating repair services
  • Wheel alignment and repair services
  • Muffler and exhaust repair services
  • Chart: Auto Mechanics Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Businesses
  • Consumers under 45
  • Consumers aged 45-64
  • Consumers 65 and older
  • Government and nonprofit organizations
  • Chart: Major Market Segmentation for the Auto Mechanics Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Auto Mechanics
  • Basis of Competition
  • Internal
  • External
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Mechanics Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Mechanics 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 Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (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
  • Table: Industry Financial Ratios
  • 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?
    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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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