Global Automotive Collision Repair Market Size was valued nearly USD 236 billion by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.12% during the forecast period that is 2017-2025. Automotive collision repair includes materials, technologies and repairing services utilized to re-build or repair an automobile after an accidental damage. The automotive collision repair market is projected to grow during the forecast period due to advancements in automotive repair technology, coupled with rising awareness of vehicle owners towards the safety, which has ultimately escalated automobile insurance subscription.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global automotive collision repair market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive collision repair market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Market Dynamics

Automotive collision repair market is expected to witness a crucial rise during the forecast period, owing to growth of automobile sales, along with the launch of a number of technologically advanced automobiles in the market. Increasing urbanization, aided with low interest rates on car loans has multiplied the number of car owners. According to OICA, the automotive sales in 2017 reached to 96.8 million, increasing from 93.9 million, at a growth rate of over 3.1%.

Moreover, road safety concerns have also encouraged people to subscribe to various automobile insurance policies that has contributed in driving the automotive collision repair market globally. However, development of driver assistance systems like forward collision warning, can restrain the growth of automotive collision repair market.

Product Insights: In the product segment, paint & coatings segment is expected to grow significantly over the forecast period, due to their extensive use in auto refinishing operations. The rise in demand for protective automobile materials like teflon coatings, ceramic coatings and resin materials is expected to be the major reason for the growth of paint & coatings segment. This segment is further anticipated to grow in upcoming years due to their high aesthetic value.

Application Insights: Light-duty vehicles are anticipated to dominate the automotive collision repair market during the forecast period, due to rising demand for alternative transportation options such as carpools. Government initiatives to improve fuel economy, is also anticipated to aid the sale of light-duty vehicles during the forecast period. Introduction of electric-cars such as Chevrolet Bolt is a major step in saving fuel and improving fuel economy. The increased use of light-weight materials like aluminum in automobile manufacturing is expected to boost the light-duty vehicle market, which will positively affect the automotive collision repair market.

Region Analysis

The global automotive collision repair market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe - UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Europe is expected to lead the automotive collision repair market, followed by North America and Asia Pacific. Europe is anticipated to be growing steadily over the forecast period, due to invasion of automobiles laced with advanced safety features and high standards set by EU Commission for the safety of automobiles. According to EU Commission, Automatic emergency braking, intelligent speed assistance, and lane keeping assist are some of the mandate features that should be present in cars manufactured by 2021. The growth of automotive collision repair market in the Asia Pacific region is expected to witness a steep rise owing to the rise in number of commercial automobiles in the region. According to the International Council on Clean Transportation (ICCT), more than 40% of the global production of electric cars has been sold in China, in the year 2016.

Global Automotive Collision Repair Market Size, Share Analysis By Region 2017

Global Automotive Collision Repair Market Study Objective

1. To forecast the market size of automotive collision repair market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of automotive collision repair market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of automotive collision repair market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of automotive collision repair market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the automotive collision repair market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Competitive Landscape

Major players operating in the automotive collision repair market globally, include DuPont, Honeywell International Inc., Faurecia, Denso Corporation, BASF, Caliber Collision, 3M, Service King, Robert Bosch Gmbh, Federal-Mogul Corporation, Bridgestone Corporation, Henkel AG & Co., and ABRA Auto Body & Glass.

Key players are continuously investing in product developments to increase their dominance in the market. For instance, the aftermarket division of 3M Automotive launched a novel series of heavy-duty truck Standard Operating Procedure (SOP), in March 2016, for collision repair. Moreover, players are involving into various mergers & acquisitions in order to improve their share in the market. For instance, in May 2018, ProCare Automotive LLC, accounced its merger with Austin Motor Mile Collision (AMM Collision) with the aim to expand its business.

Global Automotive Collision Repair Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.