Global Automotive Collision Repair Market (1)

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Global Automotive Collision Repair Market size is
valued at US 212 Bn in 2017 and expected to grow
at a CAGR of 3 in the forecasting period.
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 services 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 2018 to 2026. 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. Rising technical
complications of new vehicles support the
expertise and investments that are required for
handling the repairs, thereby enhancing the reach
of dealer-owned shops businesses. Geographicall
y, the automotive collision repair market has
been segmented into North America, Europe, Asia
Pacific, Middle East Africa, and Latin America.
Asia-Pacific is expected to be the largest market
for Automotive Collision Repair during the
forecast period. Infrastructure development in
across various countries and increasing
accidental rate due to a rising number of
vehicles running on-road have instigated the
demand for additional organized automobile body
shops in the region. The increasing demand for
vehicles and an emphasis on personal mobility
will have a positive impact on the industry
growth rate. Key player across the automotive
collision repair industry are 3M, ZF
Friedrichshafen AG, Honeywell International
Inc., Federal-Mogul Holdings Corporation, Denso
Corporation, Continental Corporation, Bosch and
Faurecia. Product enhancement, after sales
service, and new product development are the
major strategies implemented by these players.
The industry is undergoing consolidation to
increase the market share of the company. For
instance, in January 2017, 3M announced the
launch of an advanced line of pneumatic tools
for grinding and cutting. The tools feature a
smooth composite body and exclusive quality
designed for increased performance with the 3M
Cubitron II line of grinding and cutting
abrasives.
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• Global Automotive Collision Repair Market Scope
• Global Automotive Collision Repair Market, By
  Product
• Paints Coatings
• Adhesives Sealants
• Abrasives
• Finishing Compounds
• Global Automotive Collision Repair Market, By
  Vehicle
• PCV
• LCV
• HCV
• Two Wheelers
• Global Automotive Collision Repair Market, By
  End-Use

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