Auto Maintenance & Repair Franchises in the US - Industry Market Research Report

Auto Maintenance & Repair Franchises in the US - Industry Market Research Report

Auto Maintenance & Repair Franchises
The Auto Maintenance and Repair Franchises industry has experienced steady growth over the five years to 2018. The national unemployment rate declined significantly over the past five years. As a result, many consumers returned to commuting to work, which ultimately increased the number of cars on the road, leading to a rise in total vehicle miles. As consumers used their vehicles more frequently, general wear and tear resulted in the vehicles requiring more regular repair and maintenance work. Over the five years to 2023, the industry is anticipated to continue expanding in line with the overall economy. Improving economic factors, including disposable income growth, are expected to persist over the five years to 2023, resulting in solid growth opportunities for the industry. This industry comprises establishments that provide a wide range of mechanical, electrical and engine maintenance and repair services for automotive vehicles. As a franchise industry, this industry report focuses solely on the operation of franchised outlets and excludes nonfranchise data. Data reveals the total number of franchise outlets, total franchise revenue and the average profit margin earned by franchisees.This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.