US Automotive Service Industry Overview
The United States automotive service market is fragmented with market players, such as Firestone Complete Auto Care, Jiffy Lube International, Inc., Meineke Car Care Centers, LLC., Midas International, LLC, MONRO, INC., and Safelite Group, who hold the most significant shares. Companies are making joint ventures, and partnerships, and launching new products with advanced technology to have the edge over their competitors. For instance,
- In April 2022, Tesla, Inc. proposed constructing a 100,000-square-foot facility in St. Pete, Florida. The new Tesla center will handle sales, service, and deliveries in the area. The new Tesla facility will be built on a 4.21-acre plot that houses a 100,000-square-foot Kanes Furniture liquidation center.
- In July 2022, FullSpeed Automotive®, one of the nation's largest franchisors and operators of automotive aftermarket repair facilities and the parent company of flagship brands Grease Monkey® and SpeeDee Oil Change & Auto Service®, is accelerating growth with an acquisition strategy aimed at achieving its 1,000-unit expansion goal by the end of 2023.
- In Mar 2021- Monro, Inc. signed a definitive agreement to acquire mountain view tire & Service, Inc. Acquisition of 30 California-based stores, adding USD 45 million in expected annualized sales, expanding its presence in an attractive western region with a total of 116 stores.
- In January 2021, Jiffy Lube International, Inc. continued its focus on expanding its footprint by establishing more than 2,081 franchisee-owned service centers across North America. 45 new Jiffy Lube International, Inc. service centers were opened in the United States.
US Automotive Service Market Leaders
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Monro Inc.
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Firestone Complete Auto Care
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Jiffy Lube International, Inc.
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Midas International, LLC
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Meineke Car Care Centers, LLC.
- *Disclaimer: Major Players sorted in no particular order
