If your passion lies in the automotive industry, you’re in luck. With approximately 276 million vehicles owned in the United States, car care is essential; it can also be lucrative when you choose the right business. If you’re ready to get started, read on to discover nine ways to break into the auto industry with your own auto startup business.
If your passion lies in the automotive industry, you’re in luck. With approximately 276 million vehicles owned in the United States, car care is essential; it can also be lucrative when you choose the right business. If you’re ready to get started, read on to discover nine ways to break into the auto industry with your own auto startup business.
Remember to keep all these options at your fingertips with our free Small Business Startup app—available for both Apple and Android. Start with a quick quiz to instantly find the best opportunities in your region.
Car upholstery restoration is essential in that time takes its toll on every vehicle's interior. In 2019, the market for automotive upholstery services was valued at roughly $7.63 billion. The automotive upholstery services’ forecast period of 2020 to 2025 is poised to register a compound annual growth rate of over 6.5%.
The U.S. oil change services industry is an employer to some 93,000 people and generates approximately $10 billion in revenue every year. If you’re looking for an automotive industry where it’s certain that folks will need your services every day, then oil changes make perfect sense.
If you live in an area with plenty of year-round sunshine, you may want to consider window tinting. The tinting business can be quite lucrative with the average window tint costing anywhere from $200 to $850. In 2021, the tinting film market size was valued at $3.65 billion. Within the next several years leading up to 2030, the industry is predicted to progress at a compound annual growth rate of 5.1%
Auto glass replacement and repair businesses enjoy a high potential for profits along with low startup and recurring material costs. In 2021, the global automotive glass industry was valued at $20.52 billion, and by 2030, the market valuation is expected to reach over $35.81 billion.
In a competitive market like the automotive industry, savvy business owners may do well to offer unique services that benefit drivers. Carbon removal remains a lucrative sector of the industry with near-zero running costs. The average carbon-cleaning business serves four to six vehicles per day at an average cost of anywhere from $800 to $1,200 per vehicle.
In 2021, the auto accessory market was worth roughly $416 billion. And now is a great time to get in the game. Why? By 2028, the industry is expected to grow to approximately $604.1 billion. That predicted growth puts the industry at a compound rate of more than 6.4% over the next six years.
The auto electrical services market in the U.S. is predicted to surpass over $64 billion in value by 2024. A mere ten years ago, the market revenue was just over $40 billion. And that data doesn’t take into account the rise of electric vehicles. When it comes to EVs, the market is expected to grow from $163 billion in 2020 to a whopping $823.75 by 2030.
The auto paint shop industry was valued at nearly $9 billion in 2018, and it’s on track to reach almost $12.5 billion by 2026. The industry registers a compound annual growth of about 4.2%, which is anticipated to grow throughout 2026 and beyond.
The car rental industry is the eighth-largest real estate and rental industry by market size! In fact, the car rental industry earned just over $28 billion in 2021—an enormous jump of 21% from the year prior. Families going on vacation, business travelers, and drivers with their regular cars in the shop for repairs all need rentals. No matter which way you look at it, the car rental industry is one of the most solid and fastest-growing auto industries.
We hope this guide helps get your wheels turning with ideas on how to break into the auto industry. Launching your own business is an exciting opportunity, and we know you’re probably eager to get started. But remember, take your time to explore all your options. Yes, you always have the “opportunity” to start a small business, but sometimes, it makes more sense to invest in an opportunity that already exists and doesn’t require you to do all the heavy lifting alone. These are called “Franchise Opportunities.”
If you’re ready to explore your options, we’ve handpicked a few automotive franchise opportunities, below! Remember to download the free Small Business Startup app to keep all these opportunities at your fingertips—available for both Apple and Android.
AAA has a more than 100-year legacy of keeping our members safe and making their lives easier. Now, weve created a new type of insurance agency to build on that legacy: the Entrepreneurial Agency. Being an Entrepreneurial Agent (EA) means having an opportunity to own and build a business that serves new and prospective AAA Members and that shares our vision to do whats right.
Start your own web design business with SiteSwan. Create & sell websites to small businesses in your area with our easy-to-use, private label website builder. Set your own prices - keep 100 of the sales. Our turnkey platform is designed for anyone looking to sell websites to small businesses - no experience needed.
This is NOT a franchise or business opportunity. This is a service offered to those seeking to purchase a franchise or business using their retirement funds without having to pay the taxes and penalties. You can purchase a franchise or traditional business with a tax qualified retirement plan such as an IRA, 401(k), 403(b), 457(b), SEPs and others.
Build a business that supports your community while securing your future. Offer essential protection, enjoy a work-life balance that supports your needs, and tap into strong earning potential. You own your agency and can pass it down to build a lasting legacy.
Launch Big. Grow Fast. Build Legacy. At Brightway, youre in business for yourself, not by yourself. Our model is engineered for high-performing entrepreneurs and experienced insurance pros ready to scale from day onewith strong margins, top-tier support, and powerful systems that let you focus on growth.
I offer a FREE assessment that tells you what type of franchise will suit you best. My clients need to be prepared to invest a minimum of 60,000 in a franchise.
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