Automotive Collision Repair Market by Vehicle Type (Heavy-Duty Vehicles, Light-Duty Vehicles, Passenger Vehicles), Offering (Product, Services), Distribution - Global Forecast 2024-2030
The Automotive Collision Repair Market size was estimated at USD 5.57 billion in 2023 and expected to reach USD 5.83 billion in 2024, at a CAGR 4.64% to reach USD 7.65 billion by 2030.
In the constantly growing automotive industry, collision repair remains a crucial aspect of vehicle maintenance and safety. Automotive collision repair refers to the processes and techniques employed by professionals to restore a damaged vehicle's structure, appearance, and functionality to pre-accident conditions. Automotive collision repair includes services such as body repair, painting, parts replacement, reconditioning, and customization for various vehicle segments. Key growth factors driving this market include the increasing number of on-road vehicles leading to higher traffic congestion and accidents. Additionally, the availability of automotive insurance plans create integrated service offerings that streamline claims processes while ensuring quality repairs. However, the automotive collision repair market faces challenges such as fluctuating raw material prices impacting profit margins, competition from unorganized sector players offering low-cost services, and skilled workforce shortages in advanced repair techniques. Market companies are adopting advanced technologies such as virtual reality (VR) and augmented reality (AR) to train technicians and speed up shop work to succeed in this competitive landscape. Moreover, ongoing technological advancements, such as the advent of 3D printing and nanotechnology in the automotive refurbishing process, create lucrative future opportunities for the global automotive collision repair market.
Regional Insights
In the Americas, the automotive collision repair market is driven primarily by high vehicle ownership rates and an aging vehicle fleet. Insurance companies play an important role in this market as they facilitate access to quality repairs for their policyholders in the region. The rise in disposable incomes among consumers has led to an increase in premium cars on roads that require more expensive repairs after collisions, which is expected to drive further growth within the collision repair market of the region. The EMEA has been experiencing steady growth in its automotive collision repair market owing to an increase in sales of new vehicles across countries, including Germany, France, Italy, the UK, and Spain. In addition, the presence of the majority of market companies across Europe and the growth in road infrastructures across the Middle East and Africa have prompted repair shops to invest in up-to-date tools, equipment, and training for their technicians to provide efficient, high-quality repair services. Furthermore, APAC has been witnessing rapid growth in the automotive collision repair market owing to various factors such as urbanization, rising disposable income levels, and increasing vehicle ownership rates across countries, including China, India, Japan, and South Korea. The rise in the number of automotive aftermarket service vendors across the region is fueling the demand for global automotive collision repair in the APAC.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Automotive Collision Repair Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Rising numbers of road accidents worldwide
- Availability of automotive insurance plans for automotive collision repair
- Market Restraints
- High cost of collision repair services and lack of technical expertise
- Market Opportunities
- Technological advancements in automotive refurbishing process
- Emerging use of AR and VR tools for automotive collision repair
- Market Challenges
- Complex repair services and environmental concerns associated with automotive paints & coatings
- Market Segmentation Analysis
- Vehicle Type: Proliferating use of automotive collision repair services and products for commercial vehicles
- Offering: Significance of maintaining structural integrity of vehicles with effective products and services
- Distribution: Preferences for high-quality repairs with cost efficiency
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Collision Repair Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Collision Repair Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- SCC Collision Launches Dent and Bumper Repair with Affordable Pricing and Quality Services in Clinton Township, MI
SCC Collision, the provider of automotive collision repair services, announced the launch of its Dent and Bumper Repair services in Clinton Township, MI. With a focus on affordability and exceptional quality, SCC Collision aims to meet the needs of customers in the area.
Classic Collision Acquires New Collision Repair Centers in Florida and Colorado
Classic Collision expanded its presence in the automotive collision repair industry by acquiring two new collision repair centers. One center is located in Florida, and the other is in Colorado. These new locations enhance the range of services offered by Classic Collision and contribute to its diversification.
Crash Champions Acquires Queen City Auto Rebuild in Redmond, WA
Crash Champions acquired Queen City Auto Rebuild in Redmond, WA, further expanding its presence in the automotive collision repair industry. This strategic acquisition brings Crash Champions' total number of locations to 27 across the country.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Collision Repair Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Automotive Collision Repair Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Abra Auto Body Repair by Driven Brands, Inc., Akzo Nobel N.V., APOLLO TYRES LTD., Axalta Coating Systems, LLC, BASF SE, Caliber Holdings LLC, Collision Repair Tools LLC, Compagnie de Saint-Gobain S.A., Continental AG, Crash Champions, LLC, Denso Corporation, DuPont de Nemours, Inc., FORVIA Faurecia, Gerber Collision & Glass, Henkel AG & Co. KGaA, Honeywell International Inc., Kansai Paint Co., Ltd., Keller Kustom Body & Paint, Martinrea International Inc., Mirka Ltd., MITSUBA Corporation, Mizzonis Auto Body, Nippon Paint Holdings Co., Ltd., Pirelli & C. S.p.A., PPG Industries, Inc., ProColor Collision USA LLC, Repairify, Inc., Robert Bosch GmbH, Solvay S.A., Tenneco Inc., Valeo SA, Valspar Automotive by Sherwin-Williams Company, and ZF Friedrichshafen AG.
Market Segmentation & Coverage
This research report categorizes the Automotive Collision Repair Market to forecast the revenues and analyze trends in each of the following sub-markets:- Vehicle Type
- Heavy-Duty Vehicles
- Light-Duty Vehicles
- Passenger Vehicles
- Offering
- Product
- Abrasives
- Adhesives & Sealants
- Body & Glaze
- Oil & Lubricants
- Paints & Coatings
- Spare Parts
- Tools & Accessories
- Services
- Body & Frame Repair
- Dent Removal
- Electrical & Diagnostic Services
- Glass Replacement and Repair
- Insurance Claims Assistance
- Mechanical Repairs
- Paint Refinishing
- Towing & Rental Cars
- Distribution
- Dealer-Owned Shops
- Independent Repair Shops
- OEMs
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Product
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising numbers of road accidents worldwide
- 5.1.1.2. Availability of automotive insurance plans for automotive collision repair
- 5.1.2. Restraints
- 5.1.2.1. High cost of collision repair services and lack of technical expertise
- 5.1.3. Opportunities
- 5.1.3.1. Technological advancements in automotive refurbishing process
- 5.1.3.2. Emerging use of AR and VR tools for automotive collision repair
- 5.1.4. Challenges
- 5.1.4.1. Complex repair services and environmental concerns associated with automotive paints & coatings
- 5.2. Market Segmentation Analysis
- 5.2.1. Vehicle Type: Proliferating use of automotive collision repair services and products for commercial vehicles
- 5.2.2. Offering: Significance of maintaining structural integrity of vehicles with effective products and services
- 5.2.3. Distribution: Preferences for high-quality repairs with cost efficiency
- 5.3. Market Trend Analysis
- 5.3.1. Rise in automotive crashes coupled with collaborations among market players to ensure safe and standardized collision repair services in the Americas
- 5.3.2. Rapid urbanization and rising vehicle adoption along with favorable insurance policies across the Asia-Pacific
- 5.3.3. Innovations in advanced materials and eco-friendly coatings with stringent regulations for better vehicle safety standards in the EMEA region
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 6. Automotive Collision Repair Market, by Vehicle Type
- 6.1. Introduction
- 6.2. Heavy-Duty Vehicles
- 6.3. Light-Duty Vehicles
- 6.4. Passenger Vehicles
- 7. Automotive Collision Repair Market, by Offering
- 7.1. Introduction
- 7.2. Product
- 7.3. Services
- 8. Automotive Collision Repair Market, by Distribution
- 8.1. Introduction
- 8.2. Dealer-Owned Shops
- 8.3. Independent Repair Shops
- 8.4. OEMs
- 9. Americas Automotive Collision Repair Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Automotive Collision Repair Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Automotive Collision Repair Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. SCC Collision Launches Dent and Bumper Repair with Affordable Pricing and Quality Services in Clinton Township, MI
- 12.3.2. Classic Collision Acquires New Collision Repair Centers in Florida and Colorado
- 12.3.3. Crash Champions Acquires Queen City Auto Rebuild in Redmond, WA
- 12.3.4. Gerber Collision & Glass delivers expanded Automotive Scanning and Diagnostics capabilities through Opus IVS Partnership
- 12.3.5. Crash Champions Acquires Two Collision Repair Centers in New Jersey
- 12.3.6. New ADAS Calibration Center Launches In Indiana
- 12.3.7. Classic Collision Adds Two New Locations in Florida
- 12.3.8. Stellantis Launches Replacement Parts Brand bproauto
- 12.3.9. Repairify and Capricorn Unveil Joint Venture To Deliver Advanced Automotive Remote Diagnostic Services To Repairers Across Australia And New Zealand
- 12.3.10. Repairify Announces New asTech All-In-One for Diagnostics, Calibrations, and Programming
- 12.3.11. PartsTech Secures USD 35 Million Series C Funding to Fuel Growth and Further Accelerate Auto Repair
- 12.3.12. Gerber & NHRA Partner To Pull In New Generation Of Collision, Automotive Techs
- 12.3.13. Repairify Teams Up With Autel To Offer Repairers ‘seamless Experience
- 12.3.14. Local Auto Body Shop Becomes A Certified Collision Repair Provider
- 12.3.15. Mitchell Received 3rd Patent for Collision Repair Diagnostics, Showcases Product Enhancements at SEMA
- 12.3.16. Eagle Merchant Partners Invests in 19 Auto Collision Centers in Pacific Northwest
- 12.3.17. Repairify Acquires AutoMobile Technologies
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
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