Latest Automotive Industry News On Collision Repair Market 2024 Key Companies Including: Caliber Collision, DuPont, 3M, ZF Friedrichshafen AG, Honeywell International, Federal-Mogul Holdings, Denso, Continental, Bosch, Faurecia

Market Overview:-

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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OEMs segment in the collision repair industry held more than 65% of the revenue share in 2017. This dominance can be credited to consumer’s trust level towards the brand manufacturers. Customer preference towards brand loyalty and warranty period will enhance the industry share over the forecast timeline.

Increasing demand for rebuilding, refinishing, and reprocessing of automobile components after accidents is positively affecting the 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 industry demand.

Passenger cars are expected to dominate the 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.

Top Key Players:-     

The key players of global Collision Repair Market are Caliber Collision, DuPont, 3M, ZF Friedrichshafen AG, Honeywell International Inc., Federal-Mogul Holdings Corporation, Denso Corporation, Continental Corporation, Bosch, Faurecia.

Regional Segmentations:-

Europe collision repair market is anticipated to be valued at USD 112 billion over the projected time span. Rising demand for paintings and coatings from several countries is augmenting regional growth till 2024. Increasing replacement of metal parts and damaged plastics will further contribute in revenue generation.

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Major Points of Table Of Content:-

3 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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Finishing compounds are expected to exhibit growth rate of approximately 4% during the projected time line. Paints & coatings are the commonly used products in the auto refinishing industry. This wide acceptance can be credited to rising road congestion that poses risk of minor dents, scratches, and small crashes resulting in restoring of vehicle to its original color.

Shifting trend of consumers towards shared mobility is likely to intensify automobile sales across the globe. These vehicles experience higher wear and tear than private vehicles, thereby amplifying industry growth rate over the forecast timeframe. Rising complexities associated with software and electronic parts in new vehicle models are multiplying investments required for handling repair services. These challenges are limiting the reach of small & independent automobile workshops.

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