US Automotive Service Industry - Statistics, Market Size & Trends

The US Automotive Service Market size is estimated at USD 188.13 billion in 2024, and is expected to reach USD 251.52 billion by 2029, growing at a CAGR of 5.98% during the forecast period (2024-2029). The COVID-19 pandemic compelled about 95% of all automotive-related …

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US Automotive Service Industry - Statistics, Market Size & Trends

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Us Automotive Industry Statistics Statistics: Market Data Report 2024

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Jul 23, 2024 · California is the largest market for electric vehicles in the U.S. Statistic 9. The U.S. automotive industry contributes over $953 billion to the country's GDP annually. Statistic 10. …

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Automotive Repair Industry Statistics Statistics: Market Data …

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Jul 23, 2024 · Summary • ; The global automotive repair and maintenance services market is projected to reach $810.3 billion by 2026. • ; The average age of vehicles on the road in the …

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US Automotive Service Market Size, Competitors & Forecast

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The US Automotive Service Market size is estimated at USD 188.13 billion in 2024, and is expected to reach USD 251.52 billion by 2029, growing at a CAGR of 5.98% during the …

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US Automotive Service Market Size (2024 - 2029) - Mordor …

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The US Automotive Service Market size is estimated at USD 188.13 billion in 2024, and is expected to reach USD 251.52 billion by 2029, growing at a CAGR of 5.98% during the …

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Automotive Service Market Size, Share, Growth, Trends, Industry ...

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The US automotive service market size is forecast to increase by USD 79.4 billion at a CAGR of 9.45% between 2023 and 2028. The automotive service market in the US is experiencing …

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U S Auto Repair Industry Statistics Statistics: Market Data Report …

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Jul 23, 2024 · The United States auto repair industry generates an annual revenue of $70 billion. There are over 170,000 auto repair shops operating in the U.S. The average profit margin for …

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U.S. Automotive Repair & Maintenance Service Market Size

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The U.S. automotive repair & maintenance service market size crossed USD 183.5 million in 2023 and is poised to expand at around 10.1% CAGR from 2024 to 2032, driven by the growing age …

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Auto Repair Industry Statistics Statistics: Market Data Report 2024

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Jul 23, 2024 · The auto repair industry in the US generated $68 billion in revenue in 2019. The global automotive aftermarket is expected to reach a value of $1.1 trillion by 2026. The …

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FAQs about US Automotive Service Industry - Statistics, Market Size & Trends Coupon?

How big is the US automotive service market?

Stay informed with the latest U.S. automotive industry statistics and market forecast outlook. The US Automotive Service Market is expected to reach USD 188.13 billion in 2024 and grow at a CAGR of 5.98% to reach USD 251.52 billion by 2029. ...

What is the automotive repair and maintenance service market size?

Automotive Repair and Maintenance Service Market size was valued at USD 825 billion in 2023 and is estimated to register a CAGR of over 10.2% between 2024 and 2032. Due to an increase in Aging cars are more likely to need regular maintenance and replacement parts, hence this development will be helpful to the industry's growth. ...

How big is the automotive repair industry?

Exploring the Lucrative Automotive Repair Industry: $810.3 Billion Market, 11.9-Year-Old Vehicles, and More! Female customers account for 65% of all automotive repair service decisions. Over 90% of automotive repair businesses in the U.S. offer some form of warranty on their services. ...

Why is the US automotive service market growing?

The US automotive service market is witnessing robust growth, propelled by the rising demand for commercial vehicles and the increasing popularity of luxury and electric vehicles. ...

What is the global automotive repair and maintenance services market?

The global automotive repair and maintenance services market is projected to reach $810.3 billion by 2026. The annual revenue of the automotive repair industry in the U.S. is approximately $116 billion. On average, Americans spend around $200 billion annually on automotive maintenance and repairs. ...

What is the growth rate of the automotive repair industry?

The automotive repair industry in Brazil has an annual growth rate of 3.5%. The automotive repair industry in the UK has an average annual growth rate of 1.8%. Hybrid vehicle repair services are expected to grow by 18% annually in the next five years. 85% of automotive repair shops offer additional services like detailing and customization. ...