Automotive + Suppliers

DRIVING INNOVATIVE MOBILITY

There have always been major OEM companies within a 150-Mile radius and with a top U.S. automobile company building its flagship electric vehicle plant an hour from downtown Memphis, the future is ours.

Automotive + Electric Vehicle Component in Memphis

Get a snapshot of Memphis's innovative automotive and electronic vehicle manufacturing sector.

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Automotive + Suppliers

BY THE NUMBERS

80

industry GRP growth, $3.7B in 2023

45

Among top 10 fastest growing regions for Auto Manufacturing

25

on the Fortune 500: Autozone

THE FUTURE OF MANUFACTURING

The Greater Memphis Area has seen robust growth in the automotive industry-driven GRP. Relative to 2022, automobiles have contributed $3.7 billion to GRP to the area. The 81.50% ten-year cumulative growth is driven mostly by auto part retail and auto manufacturing. Several large, new developments in electric vehicle manufacturing will continue to drive aggressive GRP growth in the coming years.​

Industry Presence

Industry Presence2018 Jobs2023 Jobs2028 JobsJob Growth % (2018 - 2023) Projected Job Growth % (2023 - 2028)2023 Location Quotient
Automotive Parts and Accessories Retailers3,3154,0044.32620.8%8.0%2.52
New Car Dealers4,0183,7873,714-5.7%-1.9%0.85
Motor Vehicle Supplies and New Parts Merchant Wholesalers 1,9792,0432,0463.2%0.1%2.80
Automotive Mechanical and Electrical Repair and Maintenance1,6081,6361,6931.8%3.5%0.93
Other Automotive Repair and Maintenance8421,1531,26636.8%9.8%1.01
Automotive Body, Paint, Interior, and Glass Repair1,0571,0881,0762.9%-1.1%0.92
Motor Vehicle Transmission and Power Train Parts Manufacturing 17721,0811,18740.1%9.8%3.41
Used Car Dealers1,1371,013987-10.9%-2.6%1.47
Tire Dealers1,094893908-18.4%1.7%1.17
Electronic and Precision Equipment Repair and Maintenance878621515-29.2%-17.2%1.46
Top 10 Industry Total16,70117,32017,7183.7%2.3%
Automotive Industry Total18,45418,73819,1381.5%2.1%
Industry Presence2018 Jobs2023 Jobs2028 JobsJob Growth % (2018 - 2023) Projected Job Growth % (2023 - 2028)2023 Location Quotient


Note: Above industries reflect 5-digit NAICS industries within the Memphis TN-MS-AR Metropolitan Area. Employment estimates derived from Lightcast Q4 2024 dataset QCEW Employment.

Location quotient (LQ) is a way of quantifying how concentrated a characteristic of a particular region is compared to the nation. These characteristics could be an industry’s or occupation’s share of employment, resident demographic, online profiles or job postings. The LQ is the calculation that reveals what makes that particular region “unique” in comparison to the national average. For example, if an industry in Greater Memphis accounts for 2.5% of regional jobs but only 1% of jobs nationally, then Greater Memphis has an LQ of 2.5, which means that this industry is 2.5x more concentrated in the region than the typical region.

Workforce Presence

Occupation Description2018 Jobs2023 Jobs2028 JobsJob Growth % (2018 - 2023)Projected Job Growth % (2023 - 2028) 2023 Location Quotient
Miscellaneous Assemblers and Fabricators5,2565,6095,5466.7%-1.1%0.94
Automotive Service Technicians and Mechanics3,2772,9653,067-9.5%3.4%1.08
First-Line Supervisors of Mechanics, Installers, and Repairers1,7362,3072,41429.2%4.6%0.98
Cleaners of Vehicles and Equipment1,5351,4891,576-3.0%5.8%1.00
Bus and Truck Mechanics and Diesel Engine Specialists1,3951,3771,438-1.3%4.4%1.20
Parts Salesperson1,2169851,067-19.0%8.4%0.93
Automotive Body and Related Repairers6066476466.9%-0.2%1.05
Tire Repairers and Changers604493531-18.4%7.8%1.19
Coating, Painting, and Spraying Machine Setters498470490-5.5%4.3%0.75
Engine and Other Machine Assemblers554279288-49.6%3.1%1.26
Top 10 Automotive Occupations Total16,72616,62117,063-0.6%2.7%
Occupation Description2018 Jobs2023 Jobs2028 JobsJob Growth % (2018 - 2023)Projected Job Growth % (2023 - 2028) 2023 Location Quotient


Note: Above occupations reflect Standard Occupational Classifications (SOC codes) within the Memphis TN-MS-AR Metropolitan Area. Estimates derived from Lightcast, Q4 2024 dataset QCEW Employment.

Location quotient (LQ) is a way of quantifying how concentrated a characteristic of a particular region is compared to the nation. These characteristics could be an industry’s or occupation’s share of employment, resident demographic, online profiles or job postings. The LQ is the calculation that reveals what makes that particular region “unique” in comparison to the national average. For example, if an industry in Greater Memphis accounts for 2.5% of regional jobs but only 1% of jobs nationally, then Greater Memphis has an LQ of 2.5, which means that this industry is 2.5x more concentrated in the region than the typical region.

Automotive Suppliers Map

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Memphis Automotive Suppliers Map

Why Industries Thrive Here

Between Tennessee's business-friendly environment and Memphis's strategic location, trained talent and history of innovation, doing business here is a brilliant move.

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