1. A sub-industry of the auto repair and servicing industry, tire repair franchises provide tire repair for automobiles, trucks, vans, buses and all types of commercial vehicles. Some tire repair franchise owners offer emergency, on-site tire repair while others repair tires via appointment only. Types of tire repair include puncture repair, spot repair and section repairs.
2. According to the U.S. Department of Labor, the need for auto technicians and mechanics is expected to remain stable for the next decade. Openings for qualified tire repairers and auto technicians are also expected to be "very good" as global demand for public transportation vehicles continues to rise.
3. As the price of new cars continues to rise, people are buying used cars in massive quantities. Since used cars often come with used tires, experts are predicting tire repair franchises will remain profitable and busy. Executive director for Edmunds industry analysis department Jessica Caldwell says that used cars will likely be seen as a viable alternative to purchasing new cars at higher interest rates.
4. A recent survey by a prominent insurance company found that over 60 percent of adults admit they have no idea how to change a tire. Most adults who say they can't repair or change a tire are under 40 years old, the demographic that is likely to own used vehicles. Survey developers predict this percentage will probably stay the same or even increase as Millennials continue depending on tire repair franchises to fix their tires.
5. Triple AAA of American reports that U.S. drivers shell out more than $3 billion annually for damage to their tires and vehicles due to potholes. Punctured tires send millions of auto owners to tire repair franchises for help in either fixing flat tires or changing them. With no infrastructure plan established by the White House yet, Americans can expect to continue navigating pothole-dotted roads and highways for a long time.
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