Automotive Collision Repair Market is expected to be USD 246.78 billion by 2022 | BASF, 3M, Continental AG, DuPont, Bosch, Honeywell International, ZF Friedrichshafen, Federal-Mogul Holdings

Competitive Insights:
The major industry players for the Automotive Collision Repair Market are; BASF, 3M, Continental AG, DuPont, Bosch, Honeywell International, ZF Friedrichshafen, Federal-Mogul Holdings, and DENSO.

According to the Vehicle Type, the Global Automotive Collision Repair Market is classified as; Light-duty and Heavy-duty.

On the basis of the Product, the Automotive Collision Repair Market is divided into; Coatings & Paints and Consumables.

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Industry Trend Analysis:
In 2012, the Global Automotive Collision Repair Market was valued around USD 163.39 billion and is anticipated to reach approximately USD 246.78 billion by 2022, while maintaining a compound annual growth rate (CAGR) of 3.78% during the forecast period.

Automotive collision repair market involves the materials and repair services utilized for the reconstruction of an automotive after damage due to accident. Escalating road accidents and damages it caused to vehicles and the damage due to natural disasters are all unfortunate events driving the automotive collision repair industry growth. Additionally, technological innovations in automotive repair services and equipment, accident claims and insurance has contributed to the additional growth of automotive collision repair industry. Coatings, paint, consumable and spare parts amongst other components of automobile are the key materials utilized for automotive collision repairs. Coatings and paints are employed to conceal any sort of dents and scratch on vehicles following the damage. A few of the coating and paint materials involve refinishing materials, colored paints and scratch resistant coatings. Resin materials and engine motor oil are amongst the key consumable products. Repair materials, mechanical parts, crash parts, and other tools are the spare parts.

The Global Automotive Collision Repair Market is expected to witness substantial growth while registering a significant compound annual growth rate over the forecast period of 2012 to 2022 owing to rising concern for safety on road and escalating strict automobile measures and rules. The global automotive collision repair market growth is directly linked to the expansion of the global automobiles industry. Moreover, rising usage and production of electric and hybrid vehicles are determine to boost the application scope of automotive collision repair, worldwide.

Hence, with the rising sales and maturing of automobiles worldwide, the automotive collision repair demand is set to expand. In regions like Latin America and Asia Pacific, a huge rise in the passenger vehicles utilization is anticipated during the forecast years, which will strengthen the automotive collision repair industry growth in these regions. Also, expansion in the automotive field and growing private equity funding in automotive collision repair workshops and companies will influence the global market growth.

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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Automotive Collision Repair Market, By Type
4.1.Introduction
4.2.Automotive Collision Repair Market Assessment and Forecast, By Type, 2012-2022
4.3.Light-duty
4.4.Heavy-duty
5.Automotive Collision Repair Market, By Product
5.1.Introduction
5.2.Automotive Collision Repair Market Assessment and Forecast, By Product, 2012-2022
5.3.Coatings & Paints
5.4.Consumables
To be continued...

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Regional Outlook and Trend Analysis:
The rising sales vehicle generates massive growth scenario in the global automotive collision repair industry in the Asia Pacific. Due to the deficiency of stringent driving regulations in several areas of the Asia Pacific, vehicular damage owing to accidents has experienced a rise, thus bestowing to the generated revenue in the automobile repairing sector of Asia Pacific. Even though the Asia Pacific regional market has been amorphous awhile, during the past few years, it has been demonstrating signs of consistency. The Asia Pacific region is recognized as a components source for multinationals and local companies which are competing to cater low-priced machine parts to major automobile manufacturers. The European regional market represents most of the market revenue share. The European region is anticipated to experience a sluggish growth rate during the projected period due to the infiltration of automobiles having superior safety features and idled sales. The North America region is also projected to experience a parallel phenomenon like Europe. Moreover, the rising infiltration of hybrid electric and gas automobiles is expected to start the groundwork of précised vehicle repair centers during the forecast years.

Key findings of the Automotive Collision Repair Market:
Clear coatings, paints, and supplementary consumables like auto parts and other spares parts are extensively utilize in the automotive collision repair industry. Paints and coatings are used to conceal scratches and dents concerning automotive body damages.

Transport administrations and authorities over different nations have made it mandatory for vehicle owners to purchase insurance coverage for any damage to their vehicle as well as the driver.

The market is anticipated to stay advancement-led with the advent of innovative chemicals and metals that render weight reduction and cost efficiency in automobiles. Strict standards around the world for car safety are expected to fuel the global automotive collision repair industry.

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