Tune up: Industry revenue will continue to increase in line with strengthening demand
Auto Mechanics in Florida
The Auto Mechanics industry in Florida has grown steadily over the five years to 2017 in line with strengthening demand for vehicle repair and maintenance services. Revenue growth has been driven primarily by increases in total vehicle miles driven in Florida and rising per capita disposable income in the state. As car owners have begun driving more, wear and tear on their vehicles has increased, necessitating greater amounts of repair and maintenance work. Over the five years to 2022, the industry is expected to grow further as the trends from the past five years continue. IBISWorld projects that vehicle travel will continue to grow but at a slightly slower rate, while the rate of income growth will increase marginally. Overall, revenue growth is expected to be less rapid over the next five years, in line with the national trend.
The Auto Mechanics industry in Florida provides mechanical and electrical repair and maintenance for cars, trucks, vans and trailers. Operators include self-employed mechanics, auto repair shops, garages and car care centers. This industry does not include car dealerships, auto parts retailers or gas stations that provide industry services. Industry services do not include auto bodywork, car washes, oil changes or air conditioning repair.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Monro Muffler Brake Inc.
- Meineke Car Care Centers LLC
- Midas International Corporation
- Jiffy Lube International Inc.
Methodology
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