Press release
Auto Collision Repair Market Set for Continues Growth | 2018 Key Players are 3M, Caliber Collision, Continental, Denso, DuPont, Eastman Chemical, Faurecia, Federal-Mogul, Honeywell International, Magna International, MANN+HUMMEL, PPG Industries, Valeo, Ya
Auto Collision Repair Market
Auto Collision Repair Market for Aftermarket segment is anticipated to exhibit a CAGR of over 3% from 2018 to 2024. This growth can be primarily attributed to its cost effectiveness as compared to the original manufacturer’s auto parts. Aftermarket parts are developed by the third-party companies specializing in manufacturing of the auto components that may compete the original parts quality and specifications.
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Increasing demand for rebuilding, refinishing, and reprocessing of automobile components after accidents is positively affecting the auto collision repair market size over the forecast period. Continuous technological advancements in ancillary products coupled with supplementary services such as painting, denting, and body maintenance services will further augment the auto collision repair market demand.
Automotive Collision Repair Market, By Product
• Paints and coatings
• Adhesives & Sealants
• Abrasives
• Finishing compounds
• Others (spare parts, tools & equipment)
Automotive Collision Repair Market, By Vehicle
• PCV
• LCV
• HCV
• Two Wheelers
Automotive Collision Repair Market, By End Use
• New OEM
• Aftermarket
• Recycled
• Remanufactured
Top Key Players:-
• 3M
• ATP Automotive
• Caliber Collision
• Continental Corporation
• Denso Corporation
• DuPont
• Eastman Chemical Company
• Faurecia
• Federal-Mogul Holdings Corp.
• Henkel AG & Co., KGaA
• Honeywell International Inc
• Huntsman Corporation
• International Automotive Components (IAC) Group
• Johnson Control, Inc.
• Magna International, Inc.
• MANN+HUMMEL
• Martinrea International, Inc.
• MITSUBA Corporation
• PPG Industries
• Robert Bosch GmbH
• Sika AG
• Takata Corporation
• Tenneco, Inc
• Tokai Rika Co.
• Valeo
• Wacker Chemie AG
• Yazaki Corporation
• ZF Friedrichshafen AG
Regional Segmentations:-
Europe auto collision repair market share is predicted to be valued at over USD 112 billion till 2024. Increasing demand of painting & coating from various nations is accountable for catapulting the regional growth till 2024. Increasing replacement of damaged plastics & metal parts will significantly contribute in revenue generation.
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Major Points of Table Of Content:-
3. Auto Collision Repair Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Component Suppliers
3.3.2. Service providers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.4.1. End-users
3.3.4.2. Aftermarket
3.3.4.3. Auto body shops
3.3.5. Vendor matrix
3.3.5.1. Role
3.3.5.2. Products
3.3.5.3. Global presence
3.4. Pricing analysis
3.4.1. Cost structure analysis
3.5. Technology landscape
3.5.1. Spectrophotometer
3.5.2. Automotive Sanding System
3.6. Regulatory landscape
3.6.1. NA
3.6.2. Europe
3.6.3. APAC
3.6.4. LATAM
3.6.5. MEA
3.7. Average industry prices for minor and major collision repair services
3.8. Minor and major repair incidents/Propensity to fix for minor and major collisions
3.9. Major/minor auto body repairs
3.10. Minor v/s major damage repair costs
3.11. Industry impact forces
3.11.1. Growth drivers
3.11.1.1. North America
3.11.1.2. Europe
3.11.1.3. Asia Pacific
3.11.1.4. Latin America
3.11.1.5. Middle East & Africa
3.11.2. Industry pitfalls & challenges
3.11.2.1. Increased safety features
3.11.2.2. Lack of technical expertise
3.12. Innovation & sustainability
3.13. Growth potential analysis, 2017
3.14. Porter's analysis
3.15. Competitive landscape, 2017
3.15.1. Company market share analysis, 2017
3.15.2. Strategy dashboard
3.16. PESTEL analysis
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Passenger cars are expected to dominate the auto collision repair industry over the forecast timeframe. Technological advancements such as 3D stereo photogrammetry for accurate measurement and documentation of the accident damage will contribute in revenue generation. Moreover, associations including the U.S. NASTF-National Automotive Service Task Force have formed a Collision Repair Committee (CRC) supporting in recognizing, addressing, and resolving the service gaps. It will help auto body shops achieve a complete and safe vehicle restoration.
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