Asia Pacific Automotive Collision Repair Market
Asia-Pacific automotive collision repair market is expected to reach USD 29.78 billion by 2031 from USD 20.17 billion in 2023, growing with a CAGR of 5.0% in the forecast period of 2024 to 2031.
Market Segmentation:Asia-Pacific Automotive Collision Repair Market, By Product Type (Spare Parts, Replacement Parts, Paintings & Coatings, and Consumables), Repair Type (Dent Removal, Auto Glass Replacement, Straightening Out Bent Metal, Replacing Doors or Panels, Paint Matching, Scratch Removal, Auto Detailing, and Others), Service Channel (OE, DIFM (Do it for Me), and DIY (Do it Yourself)), Sales Channel (New OEM, Aftermarket, Recycled, Remanufactured, and Salvage), Shops Type (Auto Body Shops, Dealer Owned Shops, Independent Repair Shops), Vehicle Type (Passenger Cars, Commercial Vehicle, and Two Wheelers), By Countries (China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, New Zealand, Philippines, Taiwan, Vietnam, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2031
Overview of Asia-Pacific Automotive Collision Repair Market Dynamics :Driver
• Rising adoption of collision insurance & own damage insurance
Restraint
• Increase in number safety systems in vehicle
Opportunity
• Delivery of authentic and genuine spare parts by automobile OEM’s and OES’s to collision repair centres
Market Players:
The key market players operating in the Asia-Pacific automotive collision repair market are listed below: • Robert Bosch LLC
• DENSO CORPORATION.
• Continental AG
• 3M
• Tenneco Inc.
• Magna International Inc
• VALEO S.A.
• Hyundai Motor Company
• DuPont
• Henkel AG & Co. KGaA
• AISIN CORPORATION
• Honeywell International Inc.
• OPmobility SE
• Nippon Paint Holdings Co., Ltd
• FORVIA Faurecia
• Martinrea International Inc
• MANN+HUMMEL
• Mitsuba Corp.
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