$81.7bn
$X.Xbn
592k
286k
$XX.Xbn
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.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $81.7bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($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 |
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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.
Scheduled and preventative repair and maintenance services are reliable sources of revenue
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).
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NAICS 81111 - Auto Mechanics in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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...
Learn about an industry's products and services, markets and trends in international trade.
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...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Various factors impact the distribution of establishments across the US, including regional population distribution, motor vehicle ownership and use and per capita income leve...
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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...
Learn about the performance of the top companies in the industry.
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...
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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...
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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...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Auto Mechanics in the US industry in United States is $81.7bn in 2024.
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.
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.
Over the next five years, the Auto Mechanics in the US industry in United States is expected to grow.
The biggest companies operating in the Auto Mechanics market in United States are Travelcenters Of America Inc., Monro Muffler Brake Inc. and Tbc Corp
Repairing and replacing automotive engines and Performing general automotive repairs are part of the Auto Mechanics in the US industry.
The company holding the most market share in United States is Travelcenters Of America Inc..
The level of competition is high and steady in the Auto Mechanics in the US industry in United States.