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Automotive Collision Repair Market: What are the Future Growth Opportunities? Top Plyers: ZF Friedrichshafen AG, Denso Corporation, 3M, Federal-Mogul Holdings Corporation, Bosch, Honeywell International, Continental Corporation, Faurecia

Automotive Collision Repair Market: What are the Future Growth

Adhesives and sealants based automotive collision repair market will also witness a steady growth over 2019-2026, driven by the rise in the number of vehicle safety norms and standards as well as the increased focus on lightweight vehicles. The use of adhesives in devices as large as the vehicle chassis and as small as sensors will further expedite adhesives and sealants based automotive collision repair market.

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Passenger car sales are projected to rise exponentially over the forecast period. According to a report by the International Organization of Motor Vehicle Manufacturers (OICA), the overall passenger vehicle sales in the year 2017 went up by 2% compared to 2016 numbers. Attributing to rising sales, the passenger cars segment would be registering revenues of about $128 billion by 2024. With consumer preferences shifting to shared mobility where vehicles usually witness a lot of wear & tear, the overall automotive collision repair market from PCVs will depict significant gains.

Industry Growth drivers:
o High automotive production and supporting infrastructure
o Increasing light duty vehicles and powder coatings demand
o Increasing demand for automotive coatings and rising sales of vehicles
o Rising demand of two wheelers in the emerging nations
o Advanced tools and technology development across the region
o Increasing road accidents & fatalities

The automotive industry is experiencing an unprecedented surge in sales, the consequence of which is evident from automotive collision repair market dynamics. As improving economic conditions around the world coupled with the rapidly rising need for intra-city and intercity goods transportation promote the sales of commercial as well as passenger vehicles, automotive collision repair industry share is experiencing an upsurge.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1.General Electric Company
2. HELLA GmbH & Co. KGaA
3. Hyundai MOBIS
4. Koito Manufacturing Co., Ltd.
5. Magneti Marelli S.p.A.
6. Namyung Lighting
7. OSRAM Group
8. Koninklijke Philips N.V.
9. Samsung Electronics Co., Ltd.
10. Seoul Semiconductor Co., Ltd.
11. Stanley Electric Co., Ltd.
12. Valeo
13. Varroc Group
14. ZKW Group

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

Asia Pacific is expected to observe substantial growth prospects over 2018-2024, essentially on account of the ever-growing automotive sector in the region. Extensive vehicle sales in tandem with the rising demand for effective repair will propel APAC automotive collision repair market. Regional players have also been indulging in strategic growth tactics to impel the industry share.

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

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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