Businesses in the repair and maintenance services subsector generated $36.9 billion in operating revenues in 2022, an increase of 7.9% from 2021. Operating expenses rose 8.0% to $33.5 billion in 2022. The profit margin declined slightly, from 9.2% in 2021 to 9.1% in 2022.
The repair and maintenance services subsector includes three industry groups. In 2022, the automotive repair and maintenance industry group generated 62.5% of the subsector's operating revenue. Combined, the electronic and precision equipment repair and maintenance group and the commercial and industrial machinery and equipment repair and maintenance group generated the remaining 37.5% of revenue.
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