Automotive Repair Industry Consultants

The automotive repair industry is currently experiencing growth due to the increasing number of vehicles on the road and the need for maintenance and repairs. According to a report by IBISWorld, the industry is projected to reach a value of $81 billion in 2024, with an annual growth rate of 2.2% from 2016 to 2024. This growth is attributed to an increase in disposable income and the number of cars on the road, leading to higher demand for automotive repair and maintenance services.

In addition, technological advancements in vehicles have led to an increase in demand for specialized services, such as electric vehicle repair and diagnostics. As a result, there is a growing need for skilled technicians with expertise in new technologies, such as hybrid and electric vehicles, and advanced diagnostic tools. However, the industry faces challenges such as increasing competition from DIY repairs, rising costs of equipment and tools, and a shortage of skilled technicians. Despite these challenges, the industry is expected to continue growing due to the increasing demand for automotive repair and maintenance services.