Collision Industry Report
- In the first quarter of 2020, there were about 164,000 auto repair and maintenance centers in the U.S., a 0.8 percent increase from the previous year. Between the second quarter of 2010 and 2020, the industry has added more than 6,500 establishments. Feb 2, 2021.
- The U.S. automotive collision repair market size was valued at USD 33.75 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 1.5% from 2019 to 2025. Transport authorities and local governments in the U.S. have made it mandatory for car owners to carry an active car insurance policy.
Opportunity
The number of vehicle accidents represents the number of vehicles crashes on US highways as reported by the US Department of Transportation. An increase in the number of accidents increases the number of claims, in turn, driving growth in industry revenue. In 2020, the number of vehicle accidents is anticipated to increase, representing a potential opportunity for the industry.
Claims Adjuster Statistics In The Us
- The average employee age for claims adjusters is 43 years. The claims adjuster workforce reached a whopping 132,106 in 2020!
- Among claims adjusters, we discovered that 53.7% of them are women, while 42.1% are men. The most common race/ethnicity among claims adjusters is White, which makes up 65.4% of all claim's adjusters. Comparatively, there are 14.4% of the Hispanic or Latino ethnicity and 12.2% of the Black or African American ethnicity. Most claims adjusters are in GA, Atlanta, and TX, Dallas.
- Claims adjusters are more likely to work at private companies in comparison to public companies. Taking it a step further, claims adjusters are more likely to find a job in the insurance industry.
Collision Repair Technician Statistics In The Us
- The average employee age for collision repair technicians is 43 years. The collision repair technician workforce reached a whopping 72,576 in 2020!
- Among collision repair technicians, we discovered that 6.0% of them are women, while 90.0% are men. The most common race/ethnicity among collision repair technicians is White, which makes up 68.5% of all collision repair technicians.
- Comparatively, there are 17.7% of the Hispanic or Latino ethnicity and 9.0% of the Black or African American ethnicity. Collision repair technicians are also more likely to work at private companies in comparison to public companies. Taking it a step further, collision repair technicians are more likely to find a job in the retail industry.
By The Numbers
- In 2016, I-CAR estimated that at least 56,000 body shop jobs were unfilled at the nation’s 34,000 collision repair facilities.
- On the automotive service side, according to the U.S. Bureau of Labor Statistics, by 2026, the automotive repair industry will need 46,000 more service technicians to meet demand.
- Currently, the retirement of the last generation of service technicians has left vacancies of 75,000 job openings in any given year.
- According to the Tech Force Foundation, despite an annual average demand of over 120,000 technicians, their report found that completions of postsecondary technical programs were level across the industry, and the number of completions of collision-specific training programs decreased a year over year from 2012 to 2016.