Automotive collision repair market is expected to reach US$172 billion in revenue at a CAGR of 5% between 2021 and 2027

Automobile Collision Repair Market 2022- Report Summary

Despite the ongoing Covid-19 pandemic, the auto body repair services market is expected to grow steadily in the coming years. This is mainly due to the increasing number of road accidents and the need for repairs. According to market estimates, The global automotive collision repair services market is expected to reach a revenue of US$172 billion by the end of 2027, registering a CAGR of 5%.

One of the major growth drivers of the market is the growing number of vehicle owners. With more people owning vehicles, there is a corresponding increase in the number of road accidents. This, in turn, drives the demand for collision repair services. Another major factor propelling the growth of the market is the changing technologies in the automotive industry.

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Automotive Collision Repair Services Market Segmented By Passenger Vehicles, Light-Duty Vehicles, Heavy-Duty Vehicles Into Parts & Components, Paints & Coatings Products

Rising average vehicle age, poor quality of infrastructure and increase in vehicle fleet are considered significant factors that will drive the growth of the global automotive collision repair services market during the forecast period. forecast. On the other hand, with the growing concerns about the rising number of road fatalities, legislations, vehicle standards and road infrastructure are improving. This, in turn, may result in fewer collisions, which hampers the growth of the global automotive collision repair services market to some extent.

Company Profiles-

  • 3M
  • Bodywork and Auto Glass Abra
  • BASF
  • Continental SA
  • Robert Bosch
  • Dupont
  • Honeywell International GmbH
  • Federal Mogul Corporation
  • Denso Company

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Automotive Collision Repair Services Market: Key Takeaways

  • Despite the technological disruption of crash avoidance equipment (such as collision avoidance systems and technology), distracted driving has led to an increase in collisions.
  • Due to the relatively larger fleet of passenger vehicles across the globe, passenger vehicle segment is estimated to generate maximum revenue among vehicle types throughout the forecast period. The scenario when it comes to vehicle type in North America is a bit different. The light commercial vehicle segment accounts for nearly half of the overall market share.
  • Components such as radiators, condensers, hoods and bumpers are identified as having relatively higher replacement rates because they are most susceptible to crash damage. Although the parts and components segment is expected to account for a dominant market share, higher growth is expected for the paints and coatings segment. Advanced color development and high customer expectations characterize today’s finishes.
  • Geographically, the Asia-Pacific region is expected to account for maximum share in the global automotive collision repair services market throughout the forecast period. Regions such as China, India, and ASEAN which are witnessing significant growth in automobile sales and vehicle fleet are expected to witness relatively higher growth in the global automotive collision repair services market.

Regional Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina etc.)
Middle East and Africa (Saudi Arabia, South Africa, etc.)

Main stakeholders
Automotive Collision Repair Market Manufacturers
Distributors/Traders/Wholesalers of Automobile Collision Repair Market
Automotive Collision Repair Market Subcomponent Manufacturers
industry association
Downstream Suppliers

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Key Questions Answered in the Automotive Collision Repair Market Report

How is the automotive collision repair market expected to grow during the projected period?

What direction is the automotive repair market expected to take in terms of volume and value during the forecast period?

How will macroeconomic factors impact the auto repair market in the future?

What are the key market drivers in the Automotive Collision Repair market?

What are the important opportunities and improvement areas for manufacturers of the Automotive Collision Repair market?

What are the key developments and trends in the Automotive Collision Repair market?

Which are the emerging countries that are expected to create significant growth opportunities in the Automotive Collision Repair market?

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