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Trailer & RV Repair Services in the US - Market Research Report (2014-2029)

IBISWorld IBISWorld New York, United States Last Updated: January 2024 NAICS OD6564 Spotlight Report

Revenue

$135.3m

2024

$135.3m

Past 5-Year Growth

Profit

$X.Xm

Employees

4,175

Businesses

2,119

Wages

$XX.Xm

Trailer & RV Repair Services in the US industry analysis

Travel restrictions implemented during the COVID-19 pandemic restricted air travel, leading consumers to take road trips, like RV driving. Even so, reduced spending at the start of the pandemic caused a drop in revenues that have since recovered. However, as the Federal Reserve seeks to curb inflation by raising interest rates in 2022-23, consumers are facing higher borrowing costs, which is causing industry volatility. Nonetheless, industry-wide revenue has increased at an estimated CAGR of 1.5% over the past five years, including an approximate 0.7% hike in the current year, and it is expected to total $135.3 million in 2024. In the same year, profit is projected to increase to 6.5%.

Trends and Insights

  • Increased borrowing costs because of rising interest rates, have discouraged significant purchases like new trailers and RVs, as well as repair services. However, expanding membership programs bolsters growth by ensuring longer-term commitments and expanding core revenue streams.
  • Pandemic-triggered supply issues have led to higher trailer repair prices. Rising interest rates have delayed vehicle maintenance, spiking demand for roadside aid.
  • Entering the market can be daunting because of high wages, purchases and marketing expenses. Large repair shops often offer value-added services, steepening the competition for newcomers.

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  • Reliable market estimates from 2014-2029
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $135.3m in 2024.

Trends and Insights

Volatile economic conditions have contributed to some volatility in the industry

  • Travel restrictions placed during the COVID-19 pandemic inhibited air travel, steering consumers toward road travel, like driving in RVs. However, reduced spending at the start of the pandemic resulted in revenue declining in 2020
  • Additional trends and insights available with purchase
Trailer & RV Repair Services in the US
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Improving economic conditions will keep businesses at bay

  • As economic conditions improve, a greater number of individuals will be able to afford trailers and RVs, resulting in a boost in the number of these vehicles on the road. Consequentially, demand for repair and customization services for these vehicles will proportionally expand.

Biggest companies in the Trailer & RV Repair Services in the US

There are no companies that hold a large enough market share in the Trailer & RV Repair Services in the US industry for IBISWorld to include in this product.

Products & Services Segmentation

Trailer & RV Repair Services in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Maintenance and repair of trailers, Maintenance and repair of motor homes and Towing and all other services. Maintenance and repair of trailers is the largest segment of the Trailer & RV Repair Services in the US.

Trends and Insights

Supply issues during the pandemic impact the pricing of maintenance and repair services for trailers

  • Maintenance and repair of trailers encompass regular examinations, fixing mechanical problems, dealing with gradual wear and tear and incorporating enhancements to comply with advancing standards.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Operators in this industry are primarily engaged in repairing or customizing trailers and recreation vehicles (RVs).

What's included in this industry?

Paint and body repairInterior repair and restorationVan conversionOther specialized services for RVs and trailers

Companies

Purchase this report to view all major companies in this industry.

Related Terms

DIRECT REPAIR PROGRAM (DRP)AFTERMARKET PARTSRECREATIONAL VEHICLE (RV)TOWABLE TRAILERS

Industry Code

NAICS 2017

NAICS 811121 - Trailer & RV Repair Services 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

Increased borrowing costs because of rising interest rates, have discouraged significant purchases like new trailers and RVs, as well as repair services. However, expanding m...

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 (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • 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
  • Factors that influence volatility in the industry
  • Key success factors for businesses to overcome volatility

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Pandemic-triggered supply issues have led to higher trailer repair prices. Rising interest rates have delayed vehicle maintenance, spiking demand for roadside aid.

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

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

Purchase this report to unlock analyst insights.

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 2024

Tables

  • Number and share of establishments in each state in 2024
  • Number and share of revenue each state accounts for in 2024
  • Number and share of wages each state accounts for in 2024
  • Number and share of employees in each state in 2024

Detailed analysis

  • 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

Entering the market can be daunting because of high wages, purchases and marketing expenses. Large repair shops often offer value-added services, steepening the competition f...

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 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The Trailer and RV Repair Services industry operates under stringent regulations concerning occupational safety and pollution control measures. However, these specific regula...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The COVID-19 pandemic severely impaired industry profitability because of limited operating capacity and supply chain disruptions. However, the popularity surge in RVs during...

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 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2017-2022)
  • Industry Tax Structure (2017-2022)
  • Income Statement (2017-2022)
  • Balance Sheet (2017-2022)
  • Liquidity Ratios (2017-2022)
  • Coverage Ratios (2017-2022)
  • Leverage Ratios  (2017-2022)
  • Operating Ratios (2017-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

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 (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Trailer & RV Repair Services in the US industry in United States in 2024?

The market size of the Trailer & RV Repair Services in the US industry in United States is $135.3m in 2024.

How many businesses are there in the Trailer & RV Repair Services in the US industry in 2024?

There are 2,119 businesses in the Trailer & RV Repair Services in the US industry in United States, which has grown at a CAGR of 4.9 % between 2019 and 2024.

Has the Trailer & RV Repair Services in the US industry in United States grown or declined over the past 5 years?

The market size of the Trailer & RV Repair Services in the US industry in United States has been growing at a CAGR of 1.5 % between 2019 and 2024.

What is the forecast growth of the Trailer & RV Repair Services in the US industry in United States over the next 5 years?

Over the next five years, the Trailer & RV Repair Services in the US industry in United States is expected to grow.

What does the Trailer & RV Repair Services in the US in United States include?

Paint and body repair and Interior repair and restoration are part of the Trailer & RV Repair Services in the US industry.

How competitive is the Trailer & RV Repair Services in the US industry in United States?

The level of competition is high and steady in the Trailer & RV Repair Services in the US industry in United States.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • Recreational Vehicle Dealers in the US
  • Car Body Shops in the US

Complementors

  • Truck, Trailer & Motor Home Manufacturing in the US
  • Car Wash & Auto Detailing in the US

International industries

  • There are no industries to display.

View all industries in United States

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.