Auto Care Industry Expecting 25 Percent Growth

    June 10, 2021
    The expected growth would lead to a $477 billion valuation for the industry.
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    June 10, 2021—The auto care industry is expected to grow by nearly 25 percent by 2024 a report by the Auto Care Association detailed. 

    The growth happened in spite of COVID-19 and its challenges. The expected growth would lead to a $477 billion evaluation of the industry. 

    “The COVID-19 pandemic is not the first time the auto care industry has proved its resiliency during economic hardship,” Bill Hanvey, president and CEO of Auto Care Association, said in a statement. “Our industry growth continues to exceed expectations—despite recent challenges—and we’re confident that the new opportunities emerging from the past year will strengthen our future.”

    About the Author

    Ratchet+Wrench Staff Reporters

    The Ratchet+Wrench staff reporters have a combined two-plus decades of journalism and mechanical repair experience.

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