2024 Auto Mechanics Industry Research Report

Auto Mechanics - Market Size and Industry Forecast

The 2024 Auto Mechanics Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the auto mechanics industry.

HistoricalForecasted
20192020202120222023202420252026202720282029
Market Size (Total Revenue)

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% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Auto Mechanics - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Auto Mechanics companies in the United States.

Auto Mechanics Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesAuto Mechanics
Small Business (< 5 Employees)

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Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Auto Mechanics - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

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Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Auto Mechanics - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

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Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Auto Mechanics - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

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Other repair services for cars & light trucks
Scheduled & preventative maintenance for cars & light trucks
Power train repair services for cars & light trucks
Brake repair services for cars & light trucks
Other scheduled & preventative maintenance services
Other repair services for cars & light trucks - other
Scheduled & preventative maintenance for cars/light trucks - oil change
Electrical system repair services for cars & light trucks
Other repair for cars & light trucks - muffler/exhaust repair

Auto Mechanics - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations3%

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General and Operations Managers3%
Sales and Related Occupations6%
Retail Sales Workers5%
Office and Administrative Support Occupations13%
Installation, Maintenance, and Repair Occupations69%
Supervisors of Installation, Maintenance, and Repair Workers6%
First-Line Supervisors of Mechanics, Installers, and Repairers6%
First-Line Supervisors of Mechanics, Installers, and Repairers6%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers60%
Automotive Technicians and Repairers53%
Automotive Service Technicians and Mechanics50%
Bus and Truck Mechanics and Diesel Engine Specialists6%
Bus and Truck Mechanics and Diesel Engine Specialists6%
Transportation and Material Moving Occupations5%

Government Contracts

In the past, the federal government spent an annual total of $571,029,250 on the auto mechanics industry. It has awarded 1,743 contracts to 706 companies, with an average value of $808,823 per company.

Auto Mechanics and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

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Auto Mechanics Industry Report
GeographyUnited States  
Publication DateMarch 2024
Report FormatPDF Download  PDF
Price

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