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2024 U.S. Industry Statistics & Market Forecast - All Other Automotive Repair and Maintenance
Market Size & Industry Statistics
The total U.S. industry market size for All Other Automotive Repair and Maintenance:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the All Other Automotive Repair and Maintenance industry include:- Increased adoption of electric vehicles
- Shift towards mobile service platforms
- Rising demand for environmentally friendly maintenance options
- Growing reliance on advanced diagnostics tools
- Integration of AI and IoT technologies
- Expansion of fleet maintenance contracts
- Enhanced focus on customer experience and digital communication
- Regulatory changes affecting repair protocols
- Increasing complexity of vehicle electronics and hardware
- Greater use of aftermarket parts for cost efficiency
- Rise in preventive maintenance services
- Changes in consumer behavior post-pandemic
- Labor shortages and skill gaps in new technologies
- Cross-industry collaborations and partnerships
Product & Services Breakdown
Research products and services in the All Other Automotive Repair and Maintenance industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Body Repair Services For Cars And Light Trucks |
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Scheduled, Factory-Recommended, And Preventative Maintenance Services For Cars And Light Trucks |
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Oil Change Services For Cars And Light Trucks |
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Brake Repair Services For Cars And Light Trucks |
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Tire Repair Services For Cars And Light Trucks |
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Heating, Air Conditioning, And Radiator System Repair Services For Cars And Light Trucks |
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Regulatory Safety Inspections And Emissions Testing Services For Cars And Light Trucks |
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Other Repair Services For Cars And Light Trucks |
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Tire Repair Services For Heavy Trucks And Buses |
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Other Repair Services For Heavy Trucks And Buses |
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Resale Of Merchandise |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a All Other Automotive Repair and Maintenance company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the All Other Automotive Repair and Maintenance industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on All Other Automotive Repair and Maintenance measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
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| Top Executives | 5% | |||
| Chief Executives | % | |||
| General and Operations Managers | 5% | |||
| General and Operations Managers | 5% | |||
| Installation, Maintenance, and Repair Occupations | 15% | |||
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 12% | |||
| Automotive Technicians and Repairers | 10% | |||
| Automotive Service Technicians and Mechanics | 10% | |||
| Transportation and Material Moving Occupations | 69% | |||
| Supervisors of Transportation and Material Moving Workers | 7% | |||
| First-Line Supervisors of Transportation and Material Moving Workers | 7% | |||
| First-Line Supervisors of Transportation and Material Moving Workers, Except Aircraft Cargo Handling Supervisors | 7% | |||
| Other Transportation Workers | 11% | |||
| Transportation Service Attendants | 11% | |||
| Automotive and Watercraft Service Attendants | 11% | |||
| Material Moving Workers | 50% | |||
| Laborers and Material Movers | 50% | |||
| Cleaners of Vehicles and Equipment | 50% | |||
All Other Automotive Repair and Maintenance Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the All Other Automotive Repair and Maintenance industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the All Other Automotive Repair and Maintenance industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the All Other Automotive Repair and Maintenance industry. |
Source:
Innovation News
- Dec 10, 2020: Weinraub Enterprises patents Training Device For Stringed Instrument Player
- Aug 04, 2020: P & J Auto Compressors II trademarks "R & Y A/C COMPRESSORS" - Distributorship services in the field of remanufactured or replacement mobile climate control products and automotive air conditioning and heating systems
- Aug 04, 2020: P & J Auto Compressors II trademarks "R & Y A/C COMPRESSORS" - Distributorship services in the field of remanufactured or replacement mobile climate control products and automotive air conditioning and heating systems
- May 31, 2020: Dentcraft Tools trademarks "MCORE" - Hand tools
- May 19, 2016: Dentcraft Tools patents Dent Repair System
- Sep 19, 2013: Dentcraft Tools patents Indexable Tool
Recent Federal Contracts for All Other Automotive Repair and Maintenance
- Apr 02, 2024: DAY MANAGEMENT CORP. (Milwaukie, OR) awarded $5,095
- Mar 27, 2024: 8SIX8ONE DESIGNS LLC (Petaluma, CA) awarded $50,650
- Mar 25, 2024: RASPUTIN TRUCKING COMPANY LLC (Rochester, NH) awarded $6,586
- Mar 25, 2024: LONG-LEWIS OF THE RIVER REGION, INC. (Prattville, AL) awarded $5,076
- Mar 21, 2024: WIRE WORKS LLC (Salem, OR) awarded $9,526
- Mar 20, 2024: UNITED ACCESS, L.L.C. (Santa Rosa, CA) awarded $46,003
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