TechForce Foundation releases 2023 Supply & Demand Report

TechForce Foundation releases 2023 Supply & Demand Report

The 2023 report found that the technician shortage may be turning a corner in 2024.

The TechForce Foundation recently released its “Technician Supply & Demand Report”, which shows that the technician shortage may be turning a corner going into 2024, as the report reflects the first increase in all technical school completions in 10 years.

The report covers projections for the next five years in both the demand for new entrant technicians (needed to keep up with growth in new positions and replacement of retiring techs) and the supply of graduates being produced by postsecondary tech schools and community colleges nationwide. The automotive, collision and diesel industries have suffered from a massive gap in supply and demand, leading to a significant technician workforce shortage that has plagued the industry for decades, the foundation said.

TechForce’s 2023 Technician Supply & Demand Report shows that the technician workforce grew by 4.3% from 2021 to 2022, outpacing the overall US Labor Force’s growth (4%) for the first time. The industry needs 795,000 new automotive, diesel, collision repair, aviation and avionics technicians to meet demand over the next five years, 2023-2027. Even with the uptick in completions of tech school and community college programs, the gap continues to persist, the foundation said.

“Through this year’s data analysis, we expect nearly 800,000 new technicians to be needed over the next five years,” said Greg Settle, author of the report and director emeritus of national initiatives at TechForce Foundation. “This number is down from last year’s projection of one million new hires deemed necessary to fill the gap. While a number of factors influence overall demand, the increase in technical school graduates and the growth of the total number of technicians employed from 2021 to 2022 certainly account for a good part of the decrease.”

The report also provides projections for the impact of EVs on workforce needs, and recently added an analysis of aviation data over previous years.

You May Also Like

Discount Tire strikes sponsorship deal with the Los Angeles Angels

The sponsorship will run for the entire 2024 season in conjunction with the Los Angeles Angels.

Discount-Tire-LA-Angels

Discount Tire & Service Centers has a new sponsorship deal with the Los Angeles Angels for the 2024 season. Discount Tire said this partnership will not only benefit its customers with season-long promotions and giveaways but will also support local non-profits.

"We're thrilled to launch this strategic partnership with the Los Angeles Angels," said Sergio Andonian, president, Discount Tire & Service Centers. "As neighbors, from Anaheim, we are dedicated to serving our local communities and providing quality tire & automotive service at the most competitive prices. Together, we look forward to making a positive and lasting impact in the communities. Add baseball to the mix, and with this winning combination, the possibilities are endless."

Goodyear names new Americas unit president

Ryan Waldron joined Goodyear in 2003, serving in leadership roles in finance and supply chain for multiple North America business areas.

Goodyear-Ryan_Waldron
Cosmo Tires to include 40,000-70,000 mileage warranty on all PLT tires

Cosmo will continue its portfolio expansion later this year when it launches its new Gripit X/T, Rockit R/T, and Cosmo Kurrent.

PLT-TIre-Fitments-Sourcebook
Yokohama Rubber holds groundbreaking for Mexico tire plant

The facility is set to begin production in early 2027 with a planned annual output of five million tires.

Yokohama-Mexico-Groundbreaking-event
TIA chooses Planet Hollywood for SEMA pre-show events

TIA’s pre-show events, encompassing the annual membership meeting and cocktail reception, will happen at Planet Hollywood Resort & Casino.

Dick-Guck-TIA-SEMA-Press-Conf

Other Posts

RNR Tire Express honors the legacy of franchisee Richard Rose

Rose was posthumously awarded with the franchise’s second-ever Lifetime Achievement Award.

RNR-Tire-Richard-Rose
McCarthy Tire Service earns gold in Best of the Best contest

The company secured gold awards in four categories, including Best Employer, Best Auto Repair, Best Car Wash and Best Auto Detail.

award-stock
Continental Tire discusses how prioritizing dealer feedback maximizes profits

Continental Tire executives talk about the status of the PLT tire market, the company’s strategic balance between OE and replacement tire offerings, and more.

conti-Combo-1400
Anyline secures funding from Austrian agency for AI development

Anyline received around $2.86 million to fund research and development of Closed Loop Training for artificial intelligence models.

ANYLINE-AI-stock