2024 Repair & Maintenance Industry Statistics Report

Repair & Maintenance - Market Size and Industry Forecast

The 2024 Repair and Maintenance 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 Repair & Maintenance industry.

Market Size (Total Revenue)


% 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.

Repair & Maintenance - 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 Repair & Maintenance companies in the United States.

Repair & Maintenance Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesRepair & Maintenance
Small Business (< 5 Employees)


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

Repair & Maintenance - 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


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



Depreciation and Amortization

Officer Compensation

Net Income

Repair & Maintenance - Financial Ratio Analysis

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

Financial RatioIndustry Average
Profitability Ratios


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

Repair & Maintenance - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Body repair services for cars & light trucks
Scheduled & preventative maintenance for cars & light trucks
Maint & repair - industrial machinery & equipment
Other repair services for cars & light trucks
Maint & repair - commercial & service industry machinery & equip
Resale of merchandise
Maint & repair - computer & peripheral equipment, except monitors
Power train repair services for cars & light trucks
Brake repair services for cars & light trucks

Repair & Maintenance - Compensation and Salary Surveys

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


Chief Executives0%
General and Operations Managers3%
Business and Financial Operations Occupations5%
Business Operations Specialists5%
Computer and Mathematical Occupations7%
Computer Occupations7%
Sales and Related Occupations5%
Retail Sales Workers5%
Office and Administrative Support Occupations12%
Other Office and Administrative Support Workers6%
Office Clerks, General5%
Office Clerks, General5%
Installation, Maintenance, and Repair Occupations48%
Supervisors of Installation, Maintenance, and Repair Workers6%
First-Line Supervisors of Mechanics, Installers, and Repairers6%
First-Line Supervisors of Mechanics, Installers, and Repairers6%
Electrical and Electronic Equipment Mechanics, Installers, and Repairers32%
Computer, Automated Teller, and Office Machine Repairers18%
Computer, Automated Teller, and Office Machine Repairers18%
Radio and Telecommunications Equipment Installers and Repairers6%
Miscellaneous Electrical and Electronic Equipment Mechanics, Installers, and Repairers9%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers31%
Automotive Technicians and Repairers27%
Automotive Body and Related Repairers8%
Automotive Glass Installers and Repairers7%
Automotive Service Technicians and Mechanics18%
Bus and Truck Mechanics and Diesel Engine Specialists6%
Bus and Truck Mechanics and Diesel Engine Specialists6%
Small Engine Mechanics10%
Motorboat Mechanics and Service Technicians6%
Other Installation, Maintenance, and Repair Occupations10%
Home Appliance Repairers14%
Home Appliance Repairers14%
Industrial Machinery Installation, Repair, and Maintenance Workers23%
Industrial Machinery Mechanics20%
Precision Instrument and Equipment Repairers11%
Medical Equipment Repairers8%
Production Occupations8%
Metal Workers and Plastic Workers11%
Welding, Soldering, and Brazing Workers7%
Welders, Cutters, Solderers, and Brazers7%
Textile, Apparel, and Furnishings Workers18%
Miscellaneous Textile, Apparel, and Furnishings Workers9%
Other Production Occupations11%
Painting Workers9%
Painters, Transportation Equipment9%
Transportation and Material Moving Occupations19%
Supervisors of Transportation and Material Moving Workers6%
First-Line Supervisors of Transportation and Material Moving Workers, Except Aircraft Cargo Handling Supervisors6%
First-Line Supervisors of Transportation and Material Moving Workers, Except Aircraft Cargo Handling Supervisors6%
Other Transportation Workers5%
Automotive and Watercraft Service Attendants15%
Automotive and Watercraft Service Attendants15%
Material Moving Workers13%
Laborers and Material Movers, Hand12%
Cleaners of Vehicles and Equipment12%

Government Contracts

In the past, the federal government spent an annual total of $3,082,001,327 on the repair & maintenance industry. It has awarded 39,014 contracts to 8,387 companies, with an average value of $367,474 per company.

Repair & Maintenance and Adjacent Industries - Top Companies

($ Millions)


Repair & Maintenance Industry Research
GeographyUnited States  
Publication DateMay 2024
Report FormatPDF Download  PDF

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