New York, Oct. 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Automotive Collision Repair Global Market Report 2022” – https://www.reportlinker.com/p06325391/?utm_source=GNW
Mann+Hummel Group, Martinrea International Inc., Mitsuba Corporation, Robert Bosch GmbH, Eastman Chemical Company, Huntsman Corporation, DRiV Incorporated, Huntsman Corporation and DuPont de Nemours Inc.
The global automotive collision repair market is expected to grow from $181.75 billion in 2021 to $194.88 billion in 2022 at a compound annual growth rate (CAGR) of 7.2%. The automotive collision repair market is expected to reach $216.21 billion in 2026 with a CAGR of 2.6%.
The automotive collision repair market consists of the sale of automotive collision repair products and services by entities (organizations, individual traders, and partnerships) that are used to repair damaged parts and bodies of cars and other vehicles. Automotive collision repair refers to the process when a qualified automotive technician repairs damage in cars and other vehicles caused by accidents, weather conditions, and other incidents.
Collision repair includes removing dents, scratches, and replacing glass, paint, and the like.
The major types of automotive collision repair products are collision parts, paints and coatings, adhesives and sealants, abrasives, finishing compounds, and other products. others.
Collision parts are used to repair and repair vehicles after collisions. The various service channels available are DIY, DIFM and OE which are serviced at approved repair shops and independent garages.
Automotive collision repair products and services are suitable for passenger vehicles, light-duty vehicles and heavy-duty vehicles.
Western Europe was the largest region in the automotive collision repair market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Automotive After-Collision Repair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
The Automotive Collision Repair Market research report is part of a series of new reports that provide statistics on the Automotive Collision Repair market, including the global market size of the repair industry Automotive Collision Repair, regional shares, competitors holding Automotive Collision Repair market share, detailed segments of the Automotive Collision Repair market. , market trends and opportunities, and any other data you may need to thrive in the auto collision repair industry. This Automotive Collision Repair Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Rising auto insurance subscriptions are expected to propel the auto collision repair market in the future. other utility vehicles.
The increase in the number of auto insurance subscriptions is forcing auto body companies to offer better services and products to their customers. For example, according to an article by PolicyAdvice, a US website that provides information on insurance in 2022, said that 87% of US drivers have car insurance and the market grew by 2.7% on average over the past of the last five years. Another report by Care, an Indian rating agency, in 2021 said that auto insurance is expected to increase in 2022 and auto insurance premium is expected to increase by 6% to 8% in 2022. Therefore, an increase The number of auto insurance subscriptions is expected to drive the demand for auto collision repair over the forecast period.
The use of 3D printing technology is a key trend in the auto repair market. Many companies operating in the automotive repair market use 3D printing tools and solutions to maintain their position in the market and provide the best services to their customers.
For example, in November 2019, Ding Tool LLC, an American paintless dent removal tool manufacturer and service provider, unveiled its new set of 3D printed paintless dent removal tools. Ding Tool LLC has partnered with B9 Creations to use 3D printing technology to develop these new tools which offer a comprehensive approach to dent removal by offering 9 points of tooth contact per tool.
These 3D printed paintless dent repair tools allow for higher throughput, which helps repair automotive dents faster and more efficiently.
In April 2022, 3M, an American multinational conglomerate acquired LeanTec Technology for an undisclosed amount. This acquisition provides 3M with a new hardware and software system that will ensure the availability of safe and reliable repairs and will also streamline the scheduling and billing process and enable 3M to deliver a more digital and connected body shop experience to its clients. 3M believes that with LeanTec technology, they can add new levels of data integration that will allow their body shops to gain visibility and operational efficiency, and can provide a better customer experience. LeanTec Technology is an American provider of digital solutions for the automotive aftermarket.
The countries covered in the Automobile Collision Repair market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea South, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06325391/?utm_source=GNW
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