Automotive Collision Repair Market, By Product (Paints & coatings, Consumables, and Spare parts), By Vehicle Type (Light-duty vehicle and Heavy-duty vehicle), By Sales Channel (DIY, DIFM, and OE), By Geography (North America, Latin America, Europe, Asia P
Automotive Collision Repair Market, By Product (Paints & coatings, Consumables, and Spare parts), By Vehicle Type (Light-duty vehicle and Heavy-duty vehicle), By Sales Channel (DIY, DIFM, and OE), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The automotive collision repair market has been witnessing significant growth over the past few years. Rising number of road accidents and mishaps have substantially increased the repair requirements for damaged vehicles. Moreover, advancing technology is enabling repair shops to restore vehicles back to their original form using computerized methods and sophisticated equipment. Various materials such as plastics and composites now make up a major portion of new automotive designs, requiring specialized skills to repair without comprising structural integrity or appearance. Insurance companies play a critical role through providing coverage for collision repairs. The overall market remains fragmented with local shops competing alongside national chains. However, industry consolidation is on the rise through strategic mergers and acquisitions. Key players are also investing in expanding their service networks as well as technical capabilities to tap into the market potential.
Market Dynamics:
The automotive collision repair market is driven by factors such as growing vehicle parc globally, rising miles driven, and increasing road accidents. However, constant pressure on insurance providers to reduce claims has been restraining the market growth. On the other hand, developments in automotive design requiring advanced repair solutions present lucrative opportunities. The use of lightweight materials, hybrid powertrains, and autonomous driving technologies mandate specialized training and equipment upgrades among repair shops. Partnerships between OEMs and independent garages have helped foster technical collaboration to restore vehicles to like-new condition. Furthermore, consolidation in the highly fragmented industry landscape through mergers allows larger players to achieve economies of scale and offer one-stop solutions.
Key Features of the Study:
This report provides an in-depth analysis of the global automotive collision repair market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global automotive collision repair market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include 3M, Automotive Technology Products LLC, Continental AG, Denso Corporation, Faurecia, Federal-Mogul LLC, Honeywell International, Inc., International Automotive Components Group, Magna International, Meritor, NAP San Diego, National Auto Parts, National Auto Parts-Oakland, Palladium Equity Partners, PPG Industries, Saint-Gobain, Siemens, Tenneco, TRW Automotive, and ZF Friedrichshafen AG.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global automotive collision repair market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive collision repair market.
Detailed Segmentation-
By Product
Paints & coatings
Consumables
Spare parts
By Vehicle Type
Light-duty vehicle
Heavy-duty vehicle
By Sales Channel
DIY
DIFM
OE
By Regional
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Key Players Insights
3M
Automotive Technology Products LLC
Continental AG
Denso Corporation
Faurecia
Federal-Mogul LLC
Honeywell International, Inc.
International Automotive Components Group
Magna International
Meritor
NAP San Diego
National Auto Parts
National Auto Parts-Oakland
Palladium Equity Partners
PPG Industries
Saint-Gobain
Siemens
Tenneco
TRW Automotive
ZF Friedrichshafen AG
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product
Market Snippet, By Vehicle Type
Market Snippet, By Sales Channel
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic
4. Global Automotive Collision Repair Market, By Product, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Paints & coatings
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Consumables
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Spare parts
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
5. Global Automotive Collision Repair Market, By Vehicle Type, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Light-duty vehicle
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Heavy-duty vehicle
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
6. Global Automotive Collision Repair Market, By Sales Channel, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
DIY
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
DIFM
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
OE
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
7. Global Automotive Collision Repair Market, By Region, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
North America
Regional Trends
Market Size and Forecast, By Product, 2019–2031 (US$ Billion)
Market Size and Forecast, By Vehicle Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Sales Channel, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Product, 2019–2031 (US$ Billion)
Market Size and Forecast, By Vehicle Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Sales Channel, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Product, 2019–2031 (US$ Billion)
Market Size and Forecast, By Vehicle Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Sales Channel, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Product, 2019–2031 (US$ Billion)
Market Size and Forecast, By Vehicle Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Sales Channel, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Product, 2019–2031 (US$ Billion)
Market Size and Forecast, By Vehicle Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Sales Channel, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
South Africa
GCC Countries
Rest of the Middle East and Africa
8. Competitive Landscape
Company Profiles
3M
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Automotive Technology Products LLC
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Continental AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Denso Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Faurecia
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Federal-Mogul LLC
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Honeywell International, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
International Automotive Components Group
Magna International
Meritor
NAP San Diego
National Auto Parts
National Auto Parts-Oakland
Palladium Equity Partners
PPG Industries
Saint-Gobain
Siemens
Tenneco
TRW Automotive
ZF Friedrichshafen AG
9. Wheel of Fortune
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About us and Sales Contact
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