Automotive Collision Repair Market, by Product Type (Parts and Components, and Paints and Coatings), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), by Automotive Component Shop Type (Authorized Repair Shops

Automotive Collision Repair Market, by Product Type (Parts and Components, and Paints and Coatings), by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), by Automotive Component Shop Type (Authorized Repair Shops and Independent Garage), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Automotive collision repairing service provider performs structural and cosmetic repair of cars and trucks. The road accidents of automotive vehicles lead to the collision of automotive body parts, such as bumpers, glass windows, headlights, and doors, which leads to the dents and scratches on the body of the automotive vehicle that creates the need for automotive collision.

Market Dynamics
An increasing number of safety regulations and traffic rules for maintaining the automotive vehicle in a good condition, is propelling the demand of the global automotive collision repair market. Safety traffic rules and regulations mandate the proper functioning of the automotive vehicle, to ensure road safety, which ill compels consumers to repair their automotive vehicles. For instance, European Union has implemented regulation number 715/2007 that establishes a requirement for type approval of motor vehicle and replacement parts, with reference to vehicle emission, and implemented rules for the proper functioning of on-board diagnostic systems, pollution control devices, measurement of fuel consumption of a vehicle, and accessibility for the repairing and maintenance information of the vehicle.
In addition, a compulsion to buy vehicle insurance, as stated by the regional transport authority, and the central government of several countries such as India, the U.S., UK, and the rising per capita income influence the people for the new vehicle purchase. Automotive vehicle insurance covers losses that may causes due to the collision to the vehicle, is further expected to boost the growth of the global automotive collision repair market. For instance, according to Organization for Economic Co-operation and Development, in the year 2021, the household disposable income of Canada was increased by 7.3%, which will motivate the people to purchase a new vehicle.

Market Taxonomy
This report segments the global automotive collision repair market on the basis of product type, vehicle type, automotive component shop type, and region. On the basis of product type, global automotive collision repair market is segmented into parts and components, and paints and coatings. On the basis of vehicle type, the global automotive collision repair market is segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. On the basis of automotive component shop type, the global automotive collision repair market is segmented into authorized repair shops, and independent garage. On the basis of region, global automotive collision repair market is segmented into North America, Latin America, Europe, Asia pacific, Middle East, and Africa.

Key features of the study:
This report provides an in-depth analysis of the global automotive collision repair market, provides market size (US$ Billion), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global automotive collision repair market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Major companies operating in the global automotive collision repair market include: 3M, Automotive Technology Products LLC, Caliber Collision Centers, Continental AG, Denso Corporation, DRiV Incorporated, Faurecia, Gerber Collision & Glass, Honeywell International, Inc., International Automotive Components Group, Johnson Controls Inc, Magna International, Inc, Mann+Hummel Group, Martinrea International, Inc, Mitsuba Corporation, Robert Bosch GmbH, and ZF Friedrichshafen AG
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global automotive collision repair market analysis report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive collision repair market

Detailed Segmentation:
Global Automotive Collision Repair Market, By Product Type:
Parts and Components
Paints and Coatings
Global Automotive Collision Repair Market, By Vehicle Type:
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Global Automotive Collision Repair Market, By Automotive Component Shop Type:
Authorized Repair Shops
Independent Garage
Global Automotive Collision Repair Market, By Region:
North America
Europe
Latin America
Asia Pacific
Middle East and Africa
Company Profiles
3M**
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Key highlights
Automotive Technology Products LLC
Caliber Collision Centers
Continental AG
Denso Corporation
DRiV Incorporated
Faurecia
Gerber Collision & Glass
Honeywell International, Inc
International Automotive Components Group
Johnson Controls Inc.
Magna International, Inc.
Mann+Hummel Group
Martinrea International, Inc.
Mitsuba Corporation
Robert Bosch GmbH
ZF Friedrichshafen AG

**All the pointers will also be provided for the rest of the companies.
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