Research and Markets takes a look at the U.S. repair shop landscape

Research and Markets has added "Automotive Repair Shops" report to its offering, taking a look into the U.S. repair shop industry.

The U.S. auto repair shop industry includes about 165,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $85 billion. Major companies include Belron US, Meineke (a division of Driven Brands), Midas, Monro Muffler Brake, and Precision Auto Care. The industry is highly fragmented: the 50 largest companies generate less than 10 percent of revenue.

The industry includes fast lube/auto oil change services and car washes, which are covered in separate industry profiles.

Demand depends on car usage and the number of cars on the road. The profitability of individual companies depends on convenient location and good marketing. Large companies can maximize use of expensive diagnostic equipment and have advantages in purchasing, distribution, and marketing. Small companies can compete effectively by providing superior customer service or offering specialized services. The industry is labor-intensive: average annual revenue per worker is about $100,000.

Competition includes other venues that provide automotive services, including some gas stations, car dealerships, and branches of chain stores, like Sears and Kmart. Auto repair shops perform an estimated 70 percent of repairs for out-of-warranty vehicles, according to the Automotive Service Association (ASA).

Key topics covered in the report, are:
Industry Overview
Quarterly Industry Update
Business Challenges
Trends and Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Website and Media Links
Glossary of Acronyms

For more information visit http://www.researchandmarkets.com/research/c81015/automotive_repair.