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What’s driving the Automotive Collision Repair Market Trends? | Top Key Players are 3M, ZF Friedrichshafen AG, Honeywell International, Federal-Mogul Holdings, Denso, Continental, Bosch, Faurecia

06-13-2019 12:50 PM CET | Logistics & Transport

Press release from: Global Market Insights Inc.

Automotive Collision Repair Market

Automotive Collision Repair Market

Europe leads automotive collision repair market owing to presence of major automobile industry players. According to European Automobile Manufacturers Association, passenger car and commercial vehicle owners rely heavily on OEMs. Asia Pacific will witness strong growth with increasing automotive production across the region. Further the presence of major automobile manufacturers engaged in offering multiple variants including SUVs, sedans, hatchbacks, and crossovers are further supporting the industry growth till 2024.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/108

Automotive collision repair market is projected to cross USD 275 billion by 2024. Increasing traffic congestion leading to road accidents and vehicle damage will drive industry share over the forecast timeframe. Rising vehicles demand across the globe owing to shifting preference towards personal mobility will further escalate automotive collision repair market share.

Proliferation of automobile repair service centers focusing on enhancing efficiency and operational productivity with the introduction of innovative materials will drive the automotive collision repair market. Growing multi-branded service centers offering maintenance at lower costs and warranties will support the industry growth.

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. MITSUBA Corporation
18. PPG Industries
19. Robert Bosch GmbH
20. Valeo
21. ZF Friedrichshafen AG

OEMs hold major share in automotive collision repair market with consumer preference for complicated component servicing in electrical and transmission systems. Aftermarket segment will showcase substantial growth rate owing to the availability of services, parts, and labor at lower costs compared to the OEMs. Customers with vehicles over the age of three years prefer to opt for aftermarket solutions owing to similar performance and expiration of the vehicle?s warranty.

Chapter 3. Automotive 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. By region
3.4.1.1. NA
3.4.1.2. Europe
3.4.1.3. APAC
3.4.1.4. LATAM
3.4.1.5. MEA
3.4.2. 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

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/108

Dealer-owned shop will generate major revenue share in the automotive collision repair market. This can be attributed to the continued focus of the automobile manufacturers to offer customized servicing and repair solutions to its customers. Industry participants are focused on improving customer experience by introducing transparent pricing schemes and policies to prevent over charging by the service centers and support in revenue generation.

Europe leads automotive collision repair market owing to presence of major automobile industry players. According to European Automobile Manufacturers Association, passenger car and commercial vehicle owners rely heavily on OEMs. Asia Pacific will witness strong growth with increasing automotive production across the region. Further the presence of major automobile manufacturers engaged in offering multiple variants including SUVs, sedans, hatchbacks, and crossovers are further supporting the industry growth till 2024.

Browse Full Reports: https://www.gminsights.com/industry-analysis/automotive-collision-repair-market-report

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
Web: https://www.gminsights.com

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.

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