Auto Mechanics in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: November 2023
NAICS 81111Revenue
$81.7bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
592k
Businesses
286k
Wages
$XX.Xbn
Auto Mechanics in the US industry analysis
Auto mechanics provide mechanical and electrical repair and maintenance for a variety of vehicles, including cars, truck and vans. Over the five years to 2023, the industry experienced moderate growth. The number of vehicles on the road has expanded, along with the average age of the vehicle fleet, however a fall in consumer confidence has made consumers postpone car repair and maintenance services. Revenue growth was significantly disrupted in 2020 by the outbreak of COVID-19, as a sharp decline in total vehicle mileage reduced the need for car repairs overall. Revenue quickly recovered, supported by rising consumer confidence levels. Overall, revenue is expected to rise at a CAGR of 0.5% to $81.7 billion over the five years to 2023, including an increase of 1.7% in 2023.
Trends and Insights
- Auto mechanics provide mechanical and electrical repair and maintenance for a variety of vehicles, including cars, trucks, vans and trailers. This industry has largely experienced healthy growth as the number of vehicles on the road has expanded, along with the average age of the vehicle fleet.
- Essential services tend to keep revenue from declining too much. Scheduled and preventative maintenance as well as power train repair are necessary to maintaining the lifespan of a vehicle.
- Various factors impact the distribution of establishments across the US, including regional population distribution, motor vehicle ownership and use and per capita income levels. A combination of high population density, a diverse economy, aging population, and a focus on sustainability has led to the large number of auto mechanic establishments in the Mid-Atlantic region.The Southeast region is the
- The Auto Mechanics industry has a very low level of concentration. The industry is highly fragmented, with nonemployers expected to account for an estimated 67.6% of total industry operators in 2023.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $81.7bn in 2023.
Trends and Insights
COVID-19 and the subsequent economic downturn lead to significant disruption
- Though repair shops were deemed essential businesses and permitted to remain open, many were forced to downsize operations to follow social-distancing regulations.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Industry will experience growth as the economy normalizes from the effects of COVID-19
- Consumer confidence will grow significantly, which will encourage customers who have been avoiding car and truck repair and maintenance due to financial considerations to pay for these services.
Biggest companies in the Auto Mechanics in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Travelcenters Of America Inc. | 2,378.3 | 183.1 | 7.7 | |
Monro Muffler Brake Inc. | 1,126.0 | 75.5 | 6.7 | |
Tbc Corp | 813.0 | 62.6 | 7.7 |
To view the market share and analysis for all 8 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Powertrain repair services, Brake repair services and Scheduled and preventative repair and maintenance services. Powertrain repair services is the largest segment of the Auto Mechanics in the US.
Trends and Insights
Scheduled and preventative repair and maintenance services are reliable sources of revenue
- Services under this segment include basic car maintenance and a wide variety of small repair jobs that are done to ensure that more serious and expensive vehicle damage is prevented.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- New Car Dealers in the US
- Used Car Dealers in the US
- Auto Parts Stores in the US
Complementors
- Gas Stations with Convenience Stores in the US
- Car Body Shops in the US
- Car Wash & Auto Detailing in the US
- Oil Change Services in the US
International industries
- Auto Mechanics in Canada
- Motor Vehicle Electrical Services in Australia
- Motor Vehicle Engine and Parts Repair and Maintenance in Australia
- Motor Vehicle Engine and Parts Repair and Maintenance in New Zealand
- Motor Vehicle Maintenance & Repair in the UK
Table of Contents
About this industry
Industry definition
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).
What's included in this industry?
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 radiatorsCompanies
Travelcenters Of America Inc.Monro Muffler Brake Inc.Tbc CorpPurchase this report to view all 8 major companies in this industry.
Related Terms
TELEMATICSDO-IT-YOURSELF (DIY)DO-IT-FOR-MEPOWERTRAINIndustry Code
NAICS 81111 - Auto Mechanics in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Auto mechanics provide mechanical and electrical repair and maintenance for a variety of vehicles, including cars, trucks, vans and trailers. This industry has largely experi...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Essential services tend to keep revenue from declining too much. Scheduled and preventative maintenance as well as power train repair are necessary to maintaining the lifespa...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Various factors impact the distribution of establishments across the US, including regional population distribution, motor vehicle ownership and use and per capita income leve...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The Auto Mechanics industry has a very low level of concentration. The industry is highly fragmented, with nonemployers expected to account for an estimated 67.6% of total in...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Travelcenters Of America is a public company with a notable market share in the Auto Mechanics industry. Locations are known for providing a wide range of services for profes...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Travelcenters Of America Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Monro Muffler Brake Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Tbc Corp's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 5 additional companies
Detailed analysis
- Description and key data for Travelcenters Of America Inc., and factors influencing its performance in the industry
- Description and key data for Monro Muffler Brake Inc., and factors influencing its performance in the industry
- Description and key data for Tbc Corp, and factors influencing its performance in the industry
- Description, key data and performance trends for 5 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Industry operators must abide by state laws that might be more stringent than applicable federal regulations. This inflates the cost of ongoing business, as owners must compl...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The Auto Mechanics industry has high labor and purchase costs. Due to the fragmented nature of the industry, with nonemployers expected to account for nearly 70.0% of busines...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Auto Mechanics in the US industry in United States in 2024?
The market size of the Auto Mechanics in the US industry in United States is $81.7bn in 2024.
How many businesses are there in the Auto Mechanics in the US industry in 2023?
There are 286k businesses in the Auto Mechanics in the US industry in United States, which has grown at a CAGR of 1.5 % between 2018 and 2023.
Has the Auto Mechanics in the US industry in United States grown or declined over the past 5 years?
The market size of the Auto Mechanics in the US industry in United States has been growing at a CAGR of 0.5 % between 2018 and 2023.
What is the forecast growth of the Auto Mechanics in the US industry in United States over the next 5 years?
Over the next five years, the Auto Mechanics in the US industry in United States is expected to grow.
What are the biggest companies in the Auto Mechanics in the US market in United States?
The biggest companies operating in the Auto Mechanics market in United States are Travelcenters Of America Inc., Monro Muffler Brake Inc. and Tbc Corp
What does the Auto Mechanics in the US in United States include?
Repairing and replacing automotive engines and Performing general automotive repairs are part of the Auto Mechanics in the US industry.
Which companies have the highest market share in the Auto Mechanics in the US in United States?
The company holding the most market share in United States is Travelcenters Of America Inc..
How competitive is the Auto Mechanics in the US industry in United States?
The level of competition is high and steady in the Auto Mechanics in the US industry in United States.
