Press release
Collision Repair Industry 2018 Key Players are ZF group, Valeo, Takata, Bosch USA, MANN+HUMMEL, Magna International, Federal-Mogul Powertrain, Faurecia, Continental, Denso, 3M
Automotive Collision Repair Market
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According to a new research report by Global Market Insights, Inc., the Collision Repair Industry size is estimated to surpass USD 280 billion by 2024.
Europe collision repair industry 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 3M
2. ATP Automotive
3. Caliber Collision
4. Continental Corporation
5. Denso Corporation
6. DuPont
7. Eastman Chemical Company
8. Faurecia
9. Federal-Mogul Holdings Corp.
10. Henkel AG & Co., KGaA
11. Honeywell International Inc.
12. Huntsman Corporation
13. International Automotive Components (IAC) Group
14. Johnson Control, Inc.
15. Magna International, Inc.
16. MANN+HUMMEL
17. Martinrea International, Inc.
18. MITSUBA Corporation
19. PPG Industries
20. Robert Bosch GmbH
21. Sika AG
22. Takata Corporation
23. Valeo
24. Yazaki Corporation
25. ZF Friedrichshafen AG
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Aftermarket collision repair industry 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.
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.
Dealer owned shops is anticipated to exhibit a maximum CAGR of over 2.5% from 2018 to 2024. Rising dealer retail network along with transparent pricing policy are driving the industry growth rate. Quality of work by certified technicians and warranty coverage will further boost the collision repair industry share over the forecast timeframe.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-collision-repair-market-report
collision repair industry players include 3M Company, ZF Friedrichshafen AG, Honeywell International Inc., Federal-Mogul Holdings Corporation, Denso Corporation, Continental Corporation, Bosch and Faurecia. Industry players are investing heavily on modernization of their services and technology used for strengthening their foothold in the highly competitive industry. For instance, ZF Friedrichshafen AG invests over 5% of its sales in R&D activities assuring success by means of engineering and design of innovative technologies.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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