Global Automotive Collision Repair Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Forecast to 2029
“Global Automotive Collision Repair Market” is a report title, and the target market is currently being tracked and studied at MarketResearch.biz. Various data and information regarding the global automotive collision market will be presented in the report. In order to prepare the report, an exhaustive range of parameters and aspects, as well as scenarios and factors, are considered. Future scenarios and probabilities are examined and analyzed based on current scenarios before concluding and confidently presenting the results. In addition, the report includes verified information and data gathered from experts in the field. Exhaustive primary and secondary efforts are conducted to support well informed and intelligent conclusions in the report. The report provides insights into restraints, growth factors, major trends future forecast & opportunities, and Y-O-Y growth. The company profile section includes operating segments, the details of key players, company details, geographic footprint, revenue and financials, and contact details. The report also includes acquisitions, recent developments, effective strategies, and mergers, etc. The global automotive collision repair market is segmented on the basis of product type, service channel, vehicle type, and region.
Automotive collision repair market consists of various repair services and other materials used for maintaining and restoring ruined components or parts of vehicles after sustaining damage due to accidents or other reasons. Collision repair services include the programs or needed skills such as body alignment, welding techniques, finishing, and painting to get vehicles back on the road. Automotive collision repair services are provided by company-owned outlets or local shops. Some factors driving growth of the global automotive collision repair market include increasing number of natural calamities and vehicle accidents. In addition, rising volume of accident claims, insurance cover, and advancements in technologies of all automotive repair services and equipment have also been driving growth of the global automotive collision repair market.
Growth of the global automotive collision repair market depends upon growth of the global automotive market. Along with rising number of road accidents, stringent automobile regulations and standards are also driving growth of the global automotive collision repair market. Developments in the global automotive sector in the fields of electric and hybrid cars is expected to further support demand for automotive collision repair services in the global automotive collision repair market during the forecast period. In addition, technological advancements and recent development of various innovative repair techniques such as 3D printing of automotive parts are projected to support growth of the global automotive collision repair market. 3D printing technology is being deployed by key players in the market as it is cost-effective and significantly reduces toxic emissions. Another major factor driving demand for automotive repair services in the global automotive collision repair market is growing adoption of various alternative fuel vehicles. The US government recently implemented numerous initiatives that support use and sales of various vehicles such as trucks and cars, in which natural gas and hydrogen are used to generate propulsion. Among some of the other factors expected to fuel growth of the global automotive collision repair market during the forecast period is research undertaken by various manufacturers to diversify and customize products.
Global Automotive Collision Repair Market Segment Analysis:
Product Type: Among the product type segments, the paints & coatings segment accounts for highest revenue share currently, and is expected to continue its dominance over the forecast period. This growth is attributed to the wide use of paints & coatings in the global automobile industry, and it is a component necessary to restore the original look to vehicles after accidental damages.
Service Channel: Among the service channel segments, the Do-It-For-Me (DIFM) segment accounts for highest revenue share currently, which is expected to continue during the forecast period.
Global Automotive Collision Repair Market Regional Analysis:
The automotive collision repair market in Asia Pacific accounts for significantly high revenue share currently, and this trend is expected to continue over the forecast period. This growth is attributed to stringent driving regulations and use of low-cost components to manufacture vehicles in countries in the region.
Global Automotive Collision Repair Market Segmentation:
By Product Type:
- Paints & Coatings
- Spare Parts
By Service Channel:
- Do-It-Yourself (DIY)
- Do-It-For-Me (DIFM)
- Original Equipment (OE)
By Vehicle Type:
- Light-duty Vehicle
- Heavy-duty Vehicle
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Automotive Technology Products LLC
- Continental AG
- Denso Corporation
- Federal-Mogul LLC
- Honeywell International, Inc.
- International Automotive Components Group
- Johnson Controls, Inc.
- Magna International, Inc.
- Mann+Hummel Group
- Martinrea International, Inc.
- Mitsuba Corporation
- Robert Bosch GmbH
- Takata Corporation
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