Automotive Collision Repair

Automotive Collision Repair Market Hits $ 220.1 Bn in Market Value By 2030 Automotive Collision Repair Market Size, Share and Growth Analysis - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 – 2030

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[150+ Pages Report] The automotive collision repair market size in terms of value is projected to reach $ 220.1 billion by 2030, at a CAGR of 2.5% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global automotive collision repair market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global automotive collision repair market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the automotive collision repair industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Increasing consumer spending for luxury as well as comfort product for previously owned vehicles to enhance it aesthetics and comfort level is one of the primary factors that accelerates the market growth for automotive collision repair in the coming years.

Automotive manufacturers focus prominently on the product differentiation along with collaboration with other globally renowned players to expand their customer reach. Further, rising international trade activities are likely to propel the number of heavy commercial fleet across the world that in turn prospers the growth of automotive collision repair market. This also increases the availability of the state-of-art service garages & automotive repair shops equipped with advanced technologies for repairing, painting, body repair, and denting of the vehicle.

On the other hand, introduction to advanced driver assistance systems (ADAS), anti-lock braking technology, collision detection systems, and sensors have prominently reduced the rate of road fatalities and accidents that hampers the market growth for automotive collision repair market. Further, the government bodies of various regions also support the integration of such advanced technologies in the upcoming models of vehicles, this also likely to restrict the market growth significantly during the forthcoming years.

The automotive industry is amongst the most exposed sectors to the coronavirus outbreak and is currently facing unprecedented uncertainties in the market. The COVID-19 has significantly impacted the supply chain as well as the product delivery system on the global scale in the automotive industry. Apart from this, changes in the buying behavior of consumers have created more uncertainty to the vehicle sale and have serious implications on the growth of automotive industry in the near future. This all factors also negatively impact the growth of automotive collision repair market.

The paints & coatings product segment expected to register the fastest growth over the forecast period owing to rising environmental concern for the use of synthetic coating materials and other refinishing products used in the automobiles. Further, technological advancements in the paints & coating products that meets the rising aesthetic demand as well as better protective material that prevent scratches and other harm to the outer body parts of the automobile are some of the prime factors that excels the market growth for automotive collision repair during the forecast period.

Based on service channel, Do-it-yourself (DIY) exhibits the highest growth rate of approximately 3% during the analysis time frame because of increasing trend for self-servicing the vehicles for minor repair and painting. In addition, various companies also offer DIY kits to their customers along with the vehicles to attract large volume of customers. The Asia Pacific region exhibits the fastest growth for the DIY segment followed by Latin America. Moreover, the trend for DIY kits is more popular in the European and North American countries owing to larger volume of population favoring DIY services.

On the basis of vehicle type the global automotive collision repair market has been bifurcated into light-duty vehicle and heavy-duty vehicle. Light-duty vehicle captured the largest revenue share of nearly 70% in the year 2020 and anticipated to register the fastest growth over the forthcoming years. The prominent growth of the region is majorly attributed to the increasing sale of light-duty vehicles such as passenger cars and recreational vehicles. Besides this, electric vehicles and green mobility solutions have revolutionized the light-duty vehicles market and spur the rate of sales to a greater extent. Governments of various regions are also favoring the adoption of green mobility for curbing the rate of pollution and in accordance to the same they are designing near future plans for transforming their mobility into green mobility. Hence, the aforementioned factors are likely to prosper the market growth for automotive collision repair in the coming years.

The Asia Pacific region predicted to witness the highest CAGR of about 4% during the analysis period due to higher rate of road traffic crashes along with high sale of passenger cars in the region. Apart from this, the region also accounted significant share in the global trade that again increases the risk for vehicle crashes particularly on the highways and other connecting roadways. However, Europe being an automotive hub occupied the largest share of revenue in the year 2020.

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Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global automotive collision repair market are Automotive Technology Products LLC (ATP), 3M, Continental AG, Denso Corporation, Federal-Mogul LLC, Faurecia, Honeywell International Inc., Johnson Controls Inc., International Automotive Components Group, Magna International Inc., Martinrea International Inc., Mann+Hummel Group, Mitsuba Corporation, Takata Corporation, and Robert Bosch GmbH among others.

Market Segmentation

By Product

  • Consumables
  • Paints & Coatings
  • Spare Parts

By Service Channel

  • DIFM
  • DIY
  • OE

By Vehicle Type

  • Heavy-duty Vehicle
  • Light-duty Vehicle

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the automotive collision repair market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global automotive collision repair market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive collision repair are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Automotive Collision Repair Market, By Product

7.1. Automotive Collision Repair Market, by Product, 2020-2027

7.1.1. Consumables

7.1.1.1. Market Revenue and Forecast (2016-2027)

7.1.2. Paints & Coatings

7.1.2.1. Market Revenue and Forecast (2016-2027)

7.1.3. Spare Parts

7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive Collision Repair Market, By Service Channel

8.1. Automotive Collision Repair Market, by Service Channel, 2020-2027

8.1.1. DIFM

8.1.1.1. Market Revenue and Forecast (2016-2027)

8.1.2. DIY

8.1.2.1. Market Revenue and Forecast (2016-2027)

8.1.3. OE

8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive Collision Repair Market, By Vehicle Type

9.1. Automotive Collision Repair Market, by Vehicle Type, 2020-2027

9.1.1. Heavy-duty Vehicle

9.1.1.1. Market Revenue and Forecast (2016-2027)

9.1.2. Light-duty Vehicle

9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Automotive Collision Repair Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2016-2027)

10.1.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.1.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Product(2016-2027)

10.1.4.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.1.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Product (2016-2027)

10.1.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.1.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2016-2027)

10.2.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.2.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Product (2016-2027)

10.2.4.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.2.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Product (2016-2027)

10.2.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.2.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Product (2016-2027)

10.2.6.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.2.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Product (2016-2027)

10.2.7.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.2.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2016-2027)

10.3.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.3.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Product (2016-2027)

10.3.4.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.3.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Product (2016-2027)

10.3.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.3.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Product (2016-2027)

10.3.6.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.3.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Product (2016-2027)

10.3.7.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.3.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2016-2027)

10.4.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Product (2016-2027)

10.4.4.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.4.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Product (2016-2027)

10.4.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.4.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Product (2016-2027)

10.4.6.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.4.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Product (2016-2027)

10.4.7.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.4.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2016-2027)

10.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Product (2016-2027)

10.5.4.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.5.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Product (2016-2027)

10.5.5.2. Market Revenue and Forecast, by Service Channel (2016-2027)

10.5.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)

Chapter 11. Company Profiles

11.1. Automotive Technology Products LLC (ATP)

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. 3M

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Continental AG

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Denso Corporation

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Federal-Mogul LLC

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Faurecia

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Honeywell International, Inc.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Johnson Controls, Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. International Automotive Components Group

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Magna International Inc.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Martinrea International Inc.

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

11.12. Mann+Hummel Group

11.12.1. Company Overview

11.12.2. Product Offerings

11.12.3. Financial Performance

11.12.4. Recent Initiatives

11.13. Mitsuba Corporation

11.13.1. Company Overview

11.13.2. Product Offerings

11.13.3. Financial Performance

11.13.4. Recent Initiatives

11.14. Takata Corporation

11.14.1. Company Overview

11.14.2. Product Offerings

11.14.3. Financial Performance

11.14.4. Recent Initiatives

11.15. Robert Bosch GmbH

11.15.1. Company Overview

11.15.2. Product Offerings

11.15.3. Financial Performance

11.15.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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