US Auto Repair and Maintenance Industry Explored in New Market Report
The US auto?mo?tive repair and main?te?nance ser?vices indus?try is expected to grow at a low rate over the next two years. More con?sumers replac?ing their old cars after post?pon?ing new car pur?chases dur?ing the reces?sion may con?tribute to slow indus?try growth in the near term, accord?ing to Research and Mar?kets ?Auto?mo?tive Repair & Main?te?nance Ser?vices? report.
The indus?try includes about 160,000 estab?lish?ments with com?bined annual rev?enue of about $80 bil?lion. Major com?pa?nies include Bridge?stone, Jiffy Lube, Meineke (a divi?sion of Dri?ven Brands), Midas, Monro Muf?fler Brake, and Safe?lite Group. Large com?pa?nies can max?i?mize use of expen?sive diag?nos?tic equip?ment and have advan?tages in pur?chas?ing, dis?tri?b?u?tion, and mar?ket?ing. Small com?pa?nies can com?pete effec?tively by pro?vid?ing supe?rior cus?tomer ser?vice or offer?ing spe?cial?ized services.
The indus?try is highly frag?mented: the 50 largest com?pa?nies gen?er?ate less than 10 per?cent of rev?enue, accord?ing to the mar?ket report. Com?pe?ti?tion includes other venues that pro?vide auto?mo?tive ser?vices, includ?ing some gas sta?tions, car deal?er?ships, and branches of chain stores, like Sears and?Kmart.
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