Automotive Collision Repair Market by Product Type (Crash Parts, Paints and Coatings, Adhesives & Sealants, Abrasives, Finishing Compounds, and Others), Vehicle Type (Passenger Cars, LCV, HCV, and Two Wheelers), Source Type (New OEM, Aftermarket, Recycled, and Remanufactured), Auto Body Shop Type (Dealer-owned Shops, Independent Repair Shops), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Automotive Collision Repair Market by Product Type (Crash Parts, Paints and Coatings, Adhesives & Sealants, Abrasives, Finishing Compounds, and Others), Vehicle Type (Passenger Cars, LCV, HCV, and Two Wheelers), Source Type (New OEM, Aftermarket, Recycled, and Remanufactured), Auto Body Shop Type...
"The global automotive collision repair market is expected to grow from USD 194.44 billion in 2021 to USD 224.88 billion in 2028, with a CAGR of 2.05% during the forecast period."
Automotive collision repair is about fixing the damaged parts and bodies of vehicles that have been damaged by accidents, weather, or other incidents. Automotive Collision Repairs are performed on different parts of an automobile such as paints and coatings, crash parts, adhesives & sealants, abrasives, finishing compounds, and others. They have majorly four sources new OEM, aftermarket, recycled, and remanufactured.
Some of the major factors driving the growth of the market are:
"The crash parts segment accounted for the largest market share."
The market is segmented into crash parts, paints and coatings, adhesives & sealants, abrasives, finishing compounds, and others. The crash parts segment accounted for the largest share of more than 60% in 2021 and is expected to dominate the market during the forecast period, owing to rising road accident rates. These are designed and produced to the same specifications and tolerances as the actual parts on the vehicles and cater to the stringent road safety requirements.
Source Trends
"The new OEM segmentaccounted for the largest market share."
The market is segmented as new OEM, aftermarket, recycled, and remanufactured. The new OEM segment held the largest share of more than 55% in 2021 and is expected to grow at the highest growth rate, due to the provision for easier replacements, insurance policies, and warranty offered by OEMs, along with the improved durability and reliability offered with ease in installation.
Vehicle Trends
"The passenger car segment accounted for the largest market share."
The market is segmented into passenger cars, LCVs, HCVs, and two-wheelers. The passenger car segment dominates the market due to rising road traffic in developing economies, and the strong presence of vehicle repair centers offering restoration and refurbishment services.
Auto Body Shops Trends
"Dealer-owned shopssegment accounted for the largest market share."
The market is segmented into dealer-owned shops and independent repair shops. Dealer-owned shops are expected to dominate the market owing to the growing preference for dealer-owned shops on account of the easy availability of reliable and superior quality spare parts.
Regional Insights
"Europe accountedfor the largest market share."
Europe accounted for the largest share of more than 40% in 2021. Asia-Pacific is estimated to expand at the fastest CAGR of 3.5% during the forecast period. Rising road congestion coupled with an increasing number of automobile sales in China and India are surging the demand for two-wheelers in the developing economies of Asia-Pacific along with lenient road safety laws leading to road accidents, which are expected to drive the market.
Note: The above list does not necessarily include all the top players of the market.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Automotive Collision Repair Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The automotive collision repair market is segmented into the following categories:
By Product Type:
Crash Parts
Paints and Coatings
Adhesives & Sealants
Abrasives
Finishing Compounds
Others
By Vehicle Type:
Passenger Cars
LCV
HCV
Two Wheelers
By Source Type:
New OEM
Aftermarket
Recycled
Remanufactured
By Auto Body Shop Type:
Dealer-owned Shops
Independent Repair Shops
By Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Report - Features
Market Segmentation
5
Regions Covered
4
Countries/Sub-Regions Covered
17
No. of Figures & Tables
>150
Company Profiles
10
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive collision repair market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Company Profiling
Detailed profiling of additional market players (up to 3 players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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The 3M Company, ATP Automotive, Caliber Collision, DuPont, Continental Corporation, Denso Corporation, Faurecia, Eastman Chemical Company, Federal-Mogul Holdings Corp are among the key players in the market.
