Six Automotive Business Ideas in High Demand

Explore high-demand automotive business ideas poised for growth. Here are the top six car-related opportunities expected to drive sales in the coming years.

From the rise of electric vehicles (EVs) and the need for specialized repair services to the convenience of mobile repairs, the growth potential of the automotive industry is strong. The industry hit $203.3 billion in 2023 and economists estimate it will reach $298.8 billion by 2033, according to Spherical Insights.

The automotive sector is evolving rapidly, with modern technologies and consumer preferences shaping the market. Understanding where the demand lies will help you find your niche if you're eyeing the automotive industry. Based on the latest industry trends, we have some automotive business ideas offering substantial opportunities for driven entrepreneurs.

1. Auto repair: High interest rates, supply chain disruptions, and skyrocketing new car costs are prompting many people to put off trading in for a new model. The average age of cars on the road hit 12.5 years in 2023, according to S&P Global. As cars age, they need more frequent repairs and maintenance, creating a robust demand for an auto shop franchise.
   
   The number of EVs is also on the rise. A record 1.2 million EVs were sold in the U.S. in 2023. As the number of electric and hybrid vehicles on the road increases, so does the need for specialized repair services. Having the resources and training to handle EV and hybrid repairs can position you as a go-to service provider for all vehicles.
    
2. EV charging stations: With the surge in EV sales, the demand for EV charging infrastructure is climbing. Establishing a network of charging stations, especially in areas with limited access, presents a lucrative opportunity.
    
3.  Automotive parts and accessories: The aftermarket parts and accessories sector continues to thrive, driven by consumers' desire to customize and enhance their vehicles. It includes everything from high-performance parts to window tinting. With vehicle owners holding onto their cars longer, the demand for aftermarket products is expected to remain strong.
    
4.  Mobile auto repair: Offering on-site repairs and maintenance eliminates the need for customers to visit a shop, saving them time and hassle. Mobile auto repair is especially appealing for routine services and minor repairs.
    
5.  Vehicle detailing: Cater to clients looking to maintain or enhance their vehicle's appearance. Once seen as a luxury, this niche now caters to people preserving the value and longevity of the vehicle.
    
6.  Fleet maintenance: Businesses that rely on vehicle fleets are always in need of reliable maintenance services to keep their operations running smoothly. Offering comprehensive fleet maintenance packages, including routine check-ups, repairs, and emergency services, can secure steady business contracts and reliable revenue streams.

A Top Automotive Franchise
In a crowded automotive market, Moran Family of Brands offers six auto service franchises catering to current industry trends. Our co-branded Mr. Transmission/Milex Complete Auto Care locations are a one-stop shop for individual car owners and businesses with fleet vehicles, and our Turbo Tint brand provides fast window tint installation to help protect your vehicle from the elements. Our diverse portfolio also includes brands that do EV and hybrid repairs and aftermarket accessories.

Our focus on innovation and customer satisfaction aligns with the industry's shift toward more sustainable and technology-driven solutions. By partnering with Moran, you gain access to a wealth of knowledge and resources. We provide comprehensive training, ongoing support, and a proven business model, ensuring franchisees are well-equipped to meet the market's demands.

Travel a New Road with Moran
To learn more about opportunities in the aftermarket auto and window tinting industry or to become a franchisee, connect with one of the franchise experts from the Moran team.