Automotive Collision Repair Market Technological Advancement, Competitive Strategies and Forecast to 2022|Growth by Top Key Players: BASF, 3M, Continental AG, DuPont, Bosch, Honeywell International, ZF Friedrichshafen, Federal-Mogul Holdings

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 owing to the augmented technological advancements and subscriptions of automobile insurance. The modern age automobiles have superior safety features set up in them that have contributed to reducing losses on roads. Contrarily, accidents & impacts caused vehicular damage is amplified, directly affecting the revenue produced in the automotive collision repair industry worldwide. The market includes numerous sales-valuation models. For example, many retail merchants of automobiles sell DIY (Do-It-Yourself) kits to customers who desire to repair their cars themselves. In several suburban areas in the Asia Pacific and Latin American, this trend is observed. Some retail merchants sell to specialized restoration and auto service centers particularly. OEMs have generated their own many channels to sell their branded components to repairing departments. The automotive industry is experiencing a rise in the hybrid electric and gas cars demand, contributing to a boost in the specific tools and spare parts demand for these exclusive cars. The augment can be assigned to the augmented prices of petrol engine-based automobiles as well as petrol.

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Competitive Outlook and Trend Analysis:
The major market players presenting special aftermarket automotive products and renders for automotive collision repair service centers are BASF, 3M, Continental AG, DuPont, Bosch, Honeywell International, ZF Friedrichshafen, Federal-Mogul Holdings, and DENSO. Federal-Mogul Holdings hosts a comprehensive technical learning platform named as Garage Gurus which provides on-demand, on-site, and online training as well as support beneficial to numerous shop owners, technicians, and service writers. The market observes several mergers and acquisitions with the aim of enlarging their global approach and consequently achieves an amplified share in the global market. 3M has a extensive range of compounds, tapes, seam sealers, cleaners & removers, coatings, detailing, paint spray equipment, plastic, headlight lens restoration, glazes, welding tools and accessories, composite, polishes, adhesives, body filler, paint booth protection, fiberglass repair, abrasives, and buffing pads, which basically cover all the required aspects regarding collision & reparation.

Product Outlook and Trend Analysis:
The global automotive collision repair market studied and accounted in the study involves consumables, spare parts, and paints & coatings. Consumables and paints & coatings comprise scratch resistant coatings, colored paints, engine motor oil, resin materials, and refinishing materials. Spare parts comprise repair materials, tools, restoration materials, supplementary mechanical parts, and crash parts utilized in the vehicle service delivery. The speedily developing technology of paints and coatings in the automobile industry to fulfill the recent protecting automobile materials, as well as aesthetical demands, can be assigned as the major cause for this expansion. The rising requirement for carbon footprint technologies and escalating automobile production has boosted the growth of the global market. Ecological coatings are likely to experience higher acceptance rates in the markets with high volume during the projected period, due to the growing ecological concerns attributed to the utilization of refinishing materials and detrimental synthetic coatings.

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.

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Table of Contents:
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

2. Executive Summary
2.1. Key Highlights

3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
...CONTINUED FOR TOC

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Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

About Crystal Market Research:
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