The automotive repair industry handles passenger car and light truck repairs. There are an estimated 16,000 businesses across the United States, valued at $880 billion a year.The industry is expected to show modest growth in the coming years. The auto repair industry is considered to be more than 50 of the largest companies, accounting for only 10 percent of the industry. The following statistics provide an overview of the automotive repair service and maintenance industry landscape.
Industry segmentation
1. General automobile maintenance - 85.60%
2. Automotive Transmissions and Maintenance - 6.70%
3. All other repairs - 5.70%
4. Vehicle exhaust maintenance - 2%
Industry average annual gross revenue
Based on the revenue reported by repair shops, the industry as a whole receives the following industry average annual gross revenue.
$1 million or more - 26% 75
$10,000 - $1 million - 10%
$350,000 - $749,999-20%
$250,000 - $349,999-10%
Less than $249,999-34%
Executive service segmentation
Executive service segmentation
The top services performed based on the total purchase amount are listed below.
1. Collision parts - 31%
2. Paint - 21%
3. Repair material - 15%
4. Repair material - 8%
5. Mechanical parts - 8%
6. Tools - 7pc
7. Capital equipment - 6%
8. Other - 4%
Automobile repair technology industry
Customer base and demographics
1. Home customers account for the largest share of 75% of the industry.
2. Consumers over 45 account for 35 percent of industry revenue.
3. Consumers aged 35 to 44 make up 14% of the industry.
4. Corporate customers contribute 22% to industry revenue.
5. Government customers account for 3% of the industry.
6. The auto repair industry is expected to grow 2.5 percent annually.
7. More than half a million people are employed in this industry.
Average annual salary of employees
Metal technicians - $48,973
Painter - $51,720
Mechanics - $44,478
Entry-level employee - $28,342
Office Manager - $38,132
Senior Estimator - $5,665
The top 5 sectors in terms of highest employment
1. Automotive Repair and Maintenance -- 224,150 employees
2. Auto dealerships - 201,910 employees
3. Auto Parts, Accessories and Tire Stores - 59,670 employees
4. Local Government - 18,780 employees
5. Gasoline Station - 18,720 employees
The five countries with the highest levels of employment
1. California - 54,700 jobs
2. Texas - 45,470 jobs
3. Florida -- 37,000 jobs
4. New York State - 35,090 jobs
5. Pennsylvania -- 32,820 jobs
Automobile maintenance statistics
The infographic below shows common repairs and statistics on vehicle repair costs across the United States. Four out of five repairs performed on the car were related to the durability of the vehicle. The average state repair cost for a vehicle is $356.04.
Post time: May-09-2023