Key Takeaways
- In 2023, the U.S. automotive repair and maintenance industry generated $68.5 billion in revenue, marking a 4.2% increase from 2022 driven by rising vehicle age and mileage.
- Globally, the car repair market was valued at $803.2 billion in 2022 and is projected to reach $1,057.4 billion by 2030, growing at a CAGR of 3.6%.
- U.S. auto repair shops numbered 168,000 in 2023, with an average revenue per shop of $408,000.
- In 2023, 65% of U.S. consumers spent over $500 on vehicle repairs annually.
- Average annual repair and maintenance cost per U.S. vehicle reached $1,472 in 2023.
- 42% of U.S. drivers delayed repairs in 2023 due to high costs averaging $650 per visit.
- U.S. auto repair industry employed 1.1 million people in 2023, with 4.2% job growth.
- Average hourly wage for U.S. auto technicians was $25.67 in 2023.
- 73,000 new jobs added in U.S. car repair sector from 2022-2023.
- 68% of U.S. vehicles over 10 years old needed repairs in 2023.
- Brake issues topped repair lists at 22% of U.S. visits in 2023.
- Battery failures accounted for 18% of repair orders in winter 2023 U.S.
- ADAS calibration repairs surged 45% in 2023.
- 42% of U.S. shops equipped with EV charging diagnostics by 2023 end.
- AI diagnostic tools adopted by 31% of shops in 2023.
The car repair industry grew globally last year as older vehicles need more maintenance.
Consumer Spending and Costs
Consumer Spending and Costs Interpretation
Employment and Labor
Employment and Labor Interpretation
Market Size and Revenue
Market Size and Revenue Interpretation
Regional and Demographic Insights
Regional and Demographic Insights Interpretation
Technological and Future Projections
Technological and Future Projections Interpretation
Vehicle Repair Trends
Vehicle Repair Trends Interpretation
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