Global Automotive Collision Repair Market Research Report 2024(Status and Outlook)

Global Automotive Collision Repair Market Research Report 2024(Status and Outlook)

Report Overview

Paints, coatings, and accompanying consumables such as auto components and other spares are widely used in the automotive collision repair market. This report mainly covers the automotive coatings and paints, automotive parts and other consumables product used for automotive collision repairing. Also, this report only does not cover automotive collision repairing services and equipment.

The Automotive Collision Repair Market is undergoing significant transformation driven by various key development trends. The increasing use of electric vehicles (EVs) necessitates specialized knowledge and equipment for repairs, prompting updates in training and facilities. Growth in OEM certification programs ensures that repairs meet stringent quality and safety standards, enhancing consumer trust. Integration of Artificial Intelligence (AI) and Machine Learning streamlines damage assessment, cost estimation, and claims processing, boosting efficiency and accuracy. The rise of Direct Repair Programs (DRPs) sees insurance companies partnering with preferred repair shops to control costs and ensure consistent quality, benefiting consumers with reliable and streamlined processes. The expansion of mobile repair services caters to the growing demand for convenience and quick turnaround times, while the use of 3D printing for parts replacement offers rapid, cost-effective solutions, especially for older or rare vehicles. These trends collectively drive innovation and improve service delivery in the collision repair industry.

The global Automotive Collision Repair market size is projected to reach US$ 75,057 Million by 2030 from US$ 58,089 million in 2023 at a CAGR of 3.92% during 2024-2030. The growth of the Automotive Collision Repair Market is driven by several key factors. An increase in vehicle ownership and usage globally has led to a higher demand for collision repair services. Technological advancements in vehicles, including complex electronics and advanced materials, necessitate specialized repair services, further boosting market growth. The rising number of road accidents contributes significantly to the demand for collision repair. Additionally, an aging vehicle fleet requires more frequent repairs and maintenance. The expansion of automotive service networks ensures wider accessibility and availability of repair services, enhancing market growth. Collectively, these factors contribute to the robust expansion of the Automotive Collision Repair Market.

At the same time, factors such as skilled labor shortage, high cost of equipment and training, extended repair times and insurance industry dynamics have brought considerable challenges to the development of the Automotive Collision Repair market.

Segment by Type, the Automotive Collision Repair market can be split into Automotive Coatings and Paints, Automotive Parts, etc. In 2023, the Automotive Parts segment already holds the highest market share at 83.71%. This substantial share underscores the essential role that automotive parts play in the collision repair process. The high demand for replacement parts, such as bumpers, fenders, hoods, and other critical components, drives this segment's dominance. These parts are crucial for restoring vehicles to their original condition after accidents. Additionally, advancements in automotive technology and the increasing complexity of vehicle designs contribute to the growing need for specialized parts, further solidifying the Automotive Parts segment's leading position in the market.

According to the application field, the Automotive Collision Repair market can be split into Passenger Car and Commercial Vehicle. The Passenger Car segment brings 72.71% of the market revenue and will expand at a CAGR of 3.81% during the forecast period. Several factors contribute to the larger share of the Passenger Car segment in the Automotive Collision Repair market. Firstly, the higher number of passenger cars on the road compared to commercial vehicles leads to a greater incidence of collisions and the subsequent need for repairs. Secondly, the increasing consumer demand for personal vehicles and the growing car ownership rates worldwide drive the market further. Additionally, passenger cars often require more frequent and comprehensive repairs due to their use for personal and family transportation, which places a premium on maintaining vehicle appearance and performance. Lastly, advancements in automotive technology and the incorporation of high-tech components in passenger cars necessitate specialized repair services, thereby boosting the market revenue in this segment.

On basis of geography, the Automotive Collision Repair market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. Currently, the Asia-Pacific market contributes more than 55% of the revenue. This dominance is driven by several factors. The region has witnessed a rapid increase in vehicle ownership due to rising disposable incomes and urbanization, particularly in countries like China and India. Additionally, the growing automotive industry and the presence of numerous manufacturing and assembly plants in the Asia-Pacific region enhance the availability of automotive parts and repair services. Furthermore, the increasing frequency of road accidents and the rising awareness about vehicle maintenance and repair services among consumers contribute to the substantial market share of the Asia-Pacific region in the Automotive Collision Repair market.

According to our calculations, in 2023, the Automotive Collision Repair market's market concentration indicators CR5 and HHI have reached 26.47% and 1.46%, respectively. These indicators collectively suggest that the Automotive Collision Repair market in 2023 is competitive with a moderate level of concentration among the top firms. Currently, the key players in the market include Bosch, Denso, Hyundai Mobis, Valeo, PPG Industries, Axalta Coating Systems, Tenneco, Dorman Products, ZF Friedrichshafen AG, Magna International, Continental AG, Cummins, Standard Motor Products, Saint-Gobain, Sherwin-Williams, OPmobility, BASFm, 3M, Nippon Paint, HELLA GmbH & Co. KGaA.

This report provides a deep insight into the global Automotive Collision Repair market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automotive Collision Repair Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automotive Collision Repair market in any manner.

Global Automotive Collision Repair Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Bosch

Denso

Hyundai Mobis

Valeo

PPG Industries

Axalta Coating Systems

Tenneco

Dorman Products

ZF Friedrichshafen AG

Magna International

Continental AG

Cummins

Standard Motor Products

Saint-Gobain

Sherwin-Williams

OPmobility

BASF

3M

Nippon Paint

HELLA GmbH & Co. KGaA

Market Segmentation (by Type)

Automotive Coatings and Paints

Automotive Parts

Others

Market Segmentation (by Application)

Passenger Car

Commercial Vehicle

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Automotive Collision Repair Market

Overview of the regional outlook of the Automotive Collision Repair Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Automotive Collision Repair Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.