Automotive Collision Repair Market size is expected to reach nearly US$ 198.89 Bn by 2029 with the CAGR of 2.1% during the forecast period.
Automotive Collision Repair Market Overview:
The Automotive Collision Repair Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Automotive Collision Repair Market, as well as the causes for variances in the industry’s growth in various places.
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Automotive Collision Repair Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Automotive Collision Repair Market Drivers:
Presence of various automobile repair centers focusing on efficiency and productivity along with the introduction of new materials such as UV paint and carbon aluminium is likely to boost auto collision repair service demand. Many auto restoration shops operate through their own efficient distribution channel and are engaged in distributing branded auto parts and materials, favoring automotive collision repair market size from 2023 to 2029.
Increasing demand to enhance service quality and profitability in various workshops will drive automotive collision repair market share. Moreover, rising disposable income in various emerging economies such as India, China, Brazil, Mexico, etc. are stimulating the industry growth over the projected time span for the automotive collision market.
Global automotive collision repair market is segmented based on product, vehicle, end-use, auto body shops, and geography. By product segment, the market is segmented into paints & coatings, adhesives & sealants, abrasives, finishing compounds. By auto body shop, the market is segmented as dealer owned shops and independent repair shops. Dealer owned shops are the major segment where the automotive collision repair is highly demanded and thus, it is expected to hold major market share in the forecast period. This can be attributed to increasing dealership network and certified expert technicians’ availability. Quality of products coupled with warranty services are the major drivers contributing to the automotive collision repair market share globally.
Automotive Collision Repair Market Segmentation:
by Product
• Paints & Coatings
• Adhesives & Sealants
• Abrasives
• Finishing Compounds
by Vehicle
• PCV
• LCV
• HCV
• Two Wheelers
by Auto Body Shops
• Dealer Owned Shops
• Independent Repair Shops
by End-User
• New OEM
• Aftermarket
• Recycled
• Remanufactured
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Automotive Collision Repair Market Key Players: The key players are
• 3M
• ZF Friedrichshafen AG
• Honeywell International Inc.
• Federal-Mogul Holdings Corporation
• Denso Corporation
• Continental Corporation
• Bosch
• Faurecia
• Magna
• Valeo
• PPG Industries
• Hyundai Mobis,
• Axalta
• Aisin Seiki
• BASF
• Faurecia
• Nippon Paint
• Akzonobel
• Plastic Omnium
• DuPon
• HBPO
• Kansai,
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Automotive Collision Repair Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Automotive Collision Repair Market Report are:
Which sub-segment had the largest share in the Automotive Collision Repair Market?
How is the competitive landscape of the Automotive Collision Repair Market in 2023?
Which are the key drivers impacting the Automotive Collision Repair Market growth?
Which region holds the maximum share in the Automotive Collision Repair Market?
What will be the CAGR of the Automotive Collision Repair Market during the forecast period (2023-2029)?
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