Auto Repair Services Expected to Grow $133 Billion by 2020
Dec. 27, 2016—A new report by the Freedonia Group states automotive repair and maintenance services in the U.S. are expected to grow 2.2 percent through 2020.
The study, which covers the years 2015-2020, credits the expected growth to the expansion of light vehicles and the rising prices of repairs.
The growth is expected to total $133 billion, consisting of several industry segments, such as repair and maintenance, oil and lube services, transmission, exhaust, and new car dealers. Of the $133 billion, the repair and maintenance segment makes up by far the most, totaling $61.2 billion.