Auto Mechanics in Illinois - Industry Market Research Report

December 2017 •
29 pages •
Report ID: 5470269 •
Format: PDF

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Tuning up: Rising disposable income and an aging vehicle fleet will support demand in Illinois

Abstract

Auto Mechanics in Illinois
The Auto Mechanics industry in Illinois has exhibited strong growth over the five years to 2017. Rising per capita disposable income and corporate profit has encouraged consumers to opt for professional repair services as opposed to do-it-yourself (DIY) repair, bolstering industry demand. Moreover, drivers, who neglected nonessential repairs and maintenance during the previous five-year period, were more likely to release pent-up demand for industry services in the current period, in response to rising consumer confidence. Over the five years to 2022, the industry is forecast to continue growing, due to similar trends. Consumers are expected to spend more on maintenance and repairs in response to rising disposable income levels. Additionally, over the next five years, new car sales are expected to fall in light of rising interest rates, which is expected to benefit industry operators.

The Auto Mechanics industry 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 (IBISWorld reports 81112, 81119a and 81119b, respectively).

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.

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