In 2023, the US automotive repair and maintenance industry stood at a significant benchmark, setting the stage for projected steady growth through to 2028. The gross output is expected to increase annually, reflecting a consistent upward trajectory in forecast values. This steady increase suggests a positive growth trend with year-on-year growth rates highlighting moderate, stable expansion of approximately 1.3% annually from 2024 to 2028. The compounded annual growth rate (CAGR) indicates sustainable momentum in this critical industry segment.

Future trends to watch for:

Technological advancements in automotive repair, including the use of AI and automation tools.
The rise of electric vehicles requiring different maintenance approaches and the corresponding technician retraining.
Potential regulatory changes influencing repair practices and associated costs.
Consumer shifts towards vehicle ownership models impacting the repair market dynamics.