Automotive collision repair services encompass repairs, denting, replacement, painting, and refurnishing accidentally damaged vehicles. Collision repairs for vehicles are generally financed by the vehicle insurance firms based on insurance coverage claims for vehicle collisions. These services include the programs or needed skills like welding techniques, body alignment, finishing, and painting to get vehicles back on the road.
Also, there are various numbers of local vendors and company owned repair shops providing automotive collision repair solutions to the customers. The increase in cases of road collisions due to surge rash driving or driving under the effect of alcoholic consumption will support the growth of global automotive collision repair market.
The rise in sales of vehicles as a result of the increase in disposable income has led to road jamming & collisions of vehicles will accelerate the market demand during this forecast period. The increase in the number of road accidents, stringent automobile regulations & standards are also fuelling the growth of the global automotive collision repair market. Ongoing developments in the automobile sector in the fields of electric & hybrid cars is expected to propel the global automotive collision Repair market growth.
Also, the growing adoption of innovative techniques such as 3D printing of automotive parts is anticipated to drive the global automotive collision repair market growth over the forecast time period. 3D printing technology is being deployed by key operating players in the market as it is cost-effective & significantly reduces toxic emissions. Another prominent factor driving automotive repair services in the automotive collision repair market due to growing adoption of various alternative fuel vehicles.
Lack of technical expertise and improving vehicle safety features may hamper the growth of global automotive collision repair market during this forecast timeline. Also, the growing demand for autonomous vehicles expected to limit the global automotive collision repair market growth.
The cOVID-19 pandemic has resulted in worldwide lockdown & shutdown of manufacturing of products, thus disrupting the supply chain of automobile production may limit the growth of automotive collision repair market during this forecast timeline.
The Global Automotive Collision Repair Market is categorized on the basis of product type, service channel, vehicle type, and region.
Based on the product type market is segmented into Paints & Coatings, Spare Parts, and Consumables, on the basis of service channel market is segmented into Do-It-Yourself, Do-It-For-Me, and Original Equipment. Further, market is segmented into vehicle type such as Light-duty vehicle, and Heavy-duty Vehicle.
Also, the Global Automotive Collision Repair Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key operating players are listed in this report such as BASF, Robert Bosch GmbH, Denso Corporation, Federal-Mogul LLC, Henkel, Honeywell International, Inc., Continental AG, Automotive Technology Products LLC, 3M, Johnson Controls, Inc., DuPont, ZF Friedrichshafen, and Caliber Collision., etc.
Also, there are various numbers of local vendors and company owned repair shops providing automotive collision repair solutions to the customers. The increase in cases of road collisions due to surge rash driving or driving under the effect of alcoholic consumption will support the growth of global automotive collision repair market.
Market Drivers
The rise in sales of vehicles as a result of the increase in disposable income has led to road jamming & collisions of vehicles will accelerate the market demand during this forecast period. The increase in the number of road accidents, stringent automobile regulations & standards are also fuelling the growth of the global automotive collision repair market. Ongoing developments in the automobile sector in the fields of electric & hybrid cars is expected to propel the global automotive collision Repair market growth.
Also, the growing adoption of innovative techniques such as 3D printing of automotive parts is anticipated to drive the global automotive collision repair market growth over the forecast time period. 3D printing technology is being deployed by key operating players in the market as it is cost-effective & significantly reduces toxic emissions. Another prominent factor driving automotive repair services in the automotive collision repair market due to growing adoption of various alternative fuel vehicles.
Market Restraints
Lack of technical expertise and improving vehicle safety features may hamper the growth of global automotive collision repair market during this forecast timeline. Also, the growing demand for autonomous vehicles expected to limit the global automotive collision repair market growth.
The cOVID-19 pandemic has resulted in worldwide lockdown & shutdown of manufacturing of products, thus disrupting the supply chain of automobile production may limit the growth of automotive collision repair market during this forecast timeline.
Market Segmentation
The Global Automotive Collision Repair Market is categorized on the basis of product type, service channel, vehicle type, and region.
Based on the product type market is segmented into Paints & Coatings, Spare Parts, and Consumables, on the basis of service channel market is segmented into Do-It-Yourself, Do-It-For-Me, and Original Equipment. Further, market is segmented into vehicle type such as Light-duty vehicle, and Heavy-duty Vehicle.
Also, the Global Automotive Collision Repair Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key operating players are listed in this report such as BASF, Robert Bosch GmbH, Denso Corporation, Federal-Mogul LLC, Henkel, Honeywell International, Inc., Continental AG, Automotive Technology Products LLC, 3M, Johnson Controls, Inc., DuPont, ZF Friedrichshafen, and Caliber Collision., etc.
Market Taxonomy
By Product Type
- Paints & Coatings
- Spare Parts
- Consumables
By Service Channel
- Do-It-Yourself
- Do-It-For-Me
- Original Equipment
By Vehicle Type
- Light-duty vehicle
- Heavy-duty Vehicle
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Automotive Collision Repair Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Frequently Asked Questions about the Global Automotive Collision Repair Market
What is the estimated value of the Global Automotive Collision Repair Market?
What is the growth rate of the Global Automotive Collision Repair Market?
What is the forecasted size of the Global Automotive Collision Repair Market?
Who are the key companies in the Global Automotive Collision Repair Market?
Report Attribute | Details |
---|---|
No. of Pages | 185 |
Published | October 2021 |
Forecast Period | 2017 - 2027 |
Estimated Market Value ( USD | $ 184.5 billion |
Forecasted Market Value ( USD | $ 215.32 billion |
Compound Annual Growth Rate | 1.8% |
Regions Covered | Global |
No. of Companies Mentioned | 13 |
Table of Contents
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope3 Executive Summary
1.2 Market definition
1.3 Market Scope
2 Research Methodology
4 Global Automotive Collision Repair Market Outlook
5 Global Automotive Collision Repair Market, By Product Type
6 Global Automotive Collision Repair Market, By Service Channel
7 Global Automotive Collision Repair Market, By Vehicle Type
8 Global Automotive Collision Repair Market, By Region
9 North America Automotive Collision Repair Market Analysis and Forecast (2020-2027)
10 Europe Automotive Collision Repair Market Analysis and Forecast (2020-2027)
11 Asia Pacific Automotive Collision Repair Market Analysis and Forecast (2020-2027)
12 Latin America Automotive Collision Repair Market Analysis and Forecast (2020-2027)
13 Middle East Automotive Collision Repair Market Analysis and Forecast (2020-2027)
14 Competitive Analysis
15 Company Profiles
Companies Mentioned
- BASF
- Robert Bosch GmbH
- Denso Corporation
- Federal-Mogul LLC
- Henkel
- Honeywell International Inc.
- Continental AG
- Automotive Technology Products LLC
- 3M
- Johnson Controls Inc.
- DuPont
- ZF Friedrichshafen
- Caliber Collision.