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What's Driving the Automotive Collision Repair Market Trends? Top players are 3M, Caliber Collision, Continental, DuPont, Denso, Valeo, Honeywell, Huntsman Corporation, ZF Friedrichshafen AG, Wurth USA, Inc, Mirka

04-28-2020 09:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Automotive Collision Repair Market

Automotive Collision Repair Market

Automotive collision repair market will generate a revenue of more than USD 275 billion by the end of 2024. Facilities such as the aforementioned are technically specialized for maintenance and accidental repairs, which further help retain consumer faith in brands. The unprecedented involvement of automotive giants in the development of service offerings to expand their consumer pool is thus likely to augment automotive collision repair industry share.

In order to provide efficient repairing services to customers, automakers have implemented standardized certification programs for independent repair shops and dealerships. For instance, General Motors, one of the most prominent automotive behemoths, has recently announced that it intends to introduce a collision certification program for its dealerships and independent repair shops by 2018.

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Considering the increasing number of independent repair shops, automotive collision repair market behemoths are focusing on manufacturing innovative products to generate more revenue. Recently, in the 2017 SEMA show, the automotive aftermarket division of 3M launched a rather unique vehicle painting process - a spray cup system that provides improved efficiency, advanced performance, and cleanliness while reworking. With this product, 3M further validates the fact that the rising innovation in paints and coatings technology is likely to boost automotive collision repair industry trends in the years ahead. For the record, automotive collision repair industry size from paints and coatings registered a CAGR of 2.5% over 2018-2024.

Speaking along similar lines, other companies partaking in automotive collision repair market share such as Honeywell International Inc., Faurecia, Bosch, Continental Corporation, ZF Friedrichshafen AG, Denso Corporation, and Federal-Mogul Holdings Corporation have also been bringing about appreciative changes in their product range. In the long run, the combined efforts of these giants is likely to bring about a major change in the dynamics of automotive collision repair industry.

It is prudent to note than the growing trends of digitization and automation have also brought about a transformation in automotive collision repair market outlook. In order to sustain their presence across this business sphere, independent vehicle reworks have been inking partnerships with digital marketing services. For instance, a collision repair and auto body paint provider, City Auto Body has recently declared a partnership with a small business marketing and search engine optimization firm, BizIQ to strengthen its reputation across real-time and digital channels.

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Some Point from Table of Contents:

Chapter 4. Automotive Collision Repair Market, By Product
4.1. Automotive collision repair market share by product, 2018 & 2026
4.2. Crash parts
4.2.1. Market estimates and forecast, 2016 - 2026
4.2.2. Market estimates and forecast, by region, 2016 - 2026
4.3. Paints and coatings
4.3.1. Market estimates and forecast, 2016 - 2026
4.3.2. Market estimates and forecast, by region, 2016 - 2026
4.4. Adhesives & Sealants
4.4.1. Market estimates and forecast, 2016 - 2026
4.4.2. Market estimates and forecast, by region, 2016 - 2026
4.5. Abrasives
4.5.1. Market estimates and forecast, 2016 - 2026
4.5.2. Market estimates and forecast, by region, 2016 - 2026
4.6. Finishing compounds
4.6.1. Market estimates and forecast, 2016 - 2026
4.6.2. Market estimates and forecast, by region, 2016 - 2026
4.7. Others (spare parts, tools & equipment)
4.7.1. Market estimates and forecast, 2016 - 2026
4.7.2. Market estimates and forecast, by region, 2016 - 2026
Chapter 5. Automotive Collision Repair Market, By Vehicle
5.1. Automotive collision repair market share by vehicle, 2018 & 2026
5.2. PCV
5.2.1. Market estimates and forecast, 2016 - 2026
5.2.2. Market estimates and forecast, by region, 2016 - 2026
5.3. LCV
5.3.1. Market estimates and forecast, 2016 - 2026
5.3.2. Market estimates and forecast, by region, 2016 - 2026
5.4. HCV
5.4.1. Market estimates and forecast, 2016 - 2026
5.4.2. Market estimates and forecast, by region, 2016 - 2026
5.5. Two Wheelers
5.5.1. Market estimates and forecast, 2016 - 2026
5.5.2. Market estimates and forecast, by region, 2016 - 2026

Browse complete Table of Contents (ToC) of this research report @
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