Future Growth Potential Enhanced by Opportunities in Welding, Measuring, and ADAS Recalibration Categories
Unit shipment in the North American collision repair equipment market is expected to grow in the coming years. An increase in vehicles in operation (VIO) coupled with the incremental miles travelled by vehicles, along with usage of alternate and light weighting materials, will largely drive unit shipments during the forecast period. An increase in the complexity of repair will lead to a demand for high-priced and technologically advanced equipment. This trend is expected to have a positive impact on revenues. Despite the favorable push from factors such as VIO and miles traveled, the collision repair equipment market is still predicted to experience only slower growth due to a reduction in the overall collision rates primarily resulting from the emergence of advance collision avoidance systems.
Technical enhancements by OEMs in their vehicles such as the usage of alternate materials like advanced high strength steel (AHSS), ultra high strength steel (UHSS), aluminum, and carbon fiber reinforced polymer (CFRP) will increase the need for specialty repair equipment especially in the welding and measuring equipment categories, in the coming years. Further, the arrival of advanced driver assistance systems (ADAS) will also increase the complexity of the repair process. Thus, the need for technologically advanced repair equipment will gain significance. OEM approvals will play a key role moving forward in differentiating collision repair equipment manufacturers. They will also help equipment manufacturers in pricing their products better than the unapproved ones.
Research Scope
This report covers various collision repair equipment categories across the United States and Canada. It discusses unit shipments, revenue, pricing trends, distribution channels, and also provides an overview of major participants, including both equipment manufacturers and collision repair service providers. The base year for analysis is 2019 and the forecast period is from 2020 to 2026.
The overall collision repair equipment market is broadly classified into holding, pulling, measuring, welding, and ADAS recalibration along with data requirements. These broad equipment categories are further classified into sub-equipment categories such as holding - anchor for pull, parts holding; pulling - racks, benches; measuring - single point, multi-point, handheld; welding - MIG, spot welding (STRW), riveting; Data - repair method (one-time access), repair method (multi access), estimating software; and ADAS recalibration.
Research Highlights
- Disruptive trends/factors impacting the collision repair equipment market
- Market measurements in terms of unit shipments and revenue for broad equipment categories and sub-categories at the regional level (United States and Canada)
- Equipment competitiveness of various collision repair equipment manufacturers
- Distribution/business model & pricing analysis of equipment manufacturers
- Lifecycle analysis of various equipment at the sub-category level
- Impact of market movements on key aspects of the collision repair equipment business
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Auto Body Repair of America (ABRA)/Caliber
- Boyd Group
- Service King
- Snap-on (Car-O-liner & Hofmann Equipment)
- Spanesi Americas
- Vehicle Service Group (VSG, Chief Technology)