How Are Independent Automotive Collision Repair Market Shops Driving The Demand For Paints & Coatings?
Developments in the e-commerce industry with people spending more on purchasing products via online platform owing to a wide variety of products at lower prices is supporting the demand for LCVs to transport the goods from the manufacturing unit to the end consumer. There is a surging presence of various high-quality medium and large car workshops equipped with technologically advanced and innovative collision repair techniques for denting, painting and body repair.
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Various automotive collision repair companies are constantly improving their services to provide advanced, innovative, reliable and safe collision repair techniques. Some key players in automotive collision repair market include DuPont, 3M, Henkel, Eastman Chemical Company, Huntsman Corporation, and Honeywell, among several others.
Why is the increased adoption of HCVs fostering automotive collision repair market size?
Rise in manufacturing processes across the globe due to the growing demand for products is supplementing the demand for raw materials and heavy machines to facilitate production. Heavy commercial vehicles are widely used to transport goods from one place to another for logistics purposes.
Heavy load and frequent use are two major factors often leading to mechanical issues or accidents with these types of vehicles. Inadequate maintenance may lead to vehicle part failure leading to accidents. The constant need for corrosion coatings, refurbishment, large body repairs, and paint removal will steer the need for robust automotive collision repair services.
How will the demand for paints & coatings drive global automotive collision repair market trends?
Paints and coatings are widely used to repair parts of the vehicle in case of any damage caused due to collision. They assist in providing protection and enhancing the overall appearance of the vehicles. Improving disposable income among people across the globe is driving the demand for advanced painting solutions such as matte or any customized color or pattern.
With increasing prevalence of independent repair shops, automotive collision repair product manufacturers are aiming at developing innovative products with to maximize their profit margin. Moreover, independent collision shops offer flexible service pricing as compared to dealer-owned shops. They also render customized and additional services to attract a large consumer base. These factors will boost the demand for paints & coatings across independent shops.
What factors are likely to impact Europe Automotive Collision Repair Market forecast?
High purchasing power among people in Europe is propelling the demand for advanced and innovative automobiles. The large presence of automobile manufacturing companies in the region such as Volkswagen, BMW, Fiat Chrysler Automobile and Ford among various other will supplement the need for reliable automobile collision repairing solutions.
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High rate of vehicle sales also demands periodic servicing and maintenance of passenger cars, LCVs and HCVs alike. The need to cater to the requirements of a wide variety of automobiles and provide customized services will strengthen the regional market outlook.
Table of Contents (ToC) of the report:
Chapter 1. Methodology and Scope
1.1. Market definitions
1.2. Base estimation & working
1.2.1. North America
1.2.3. Asia Pacific
1.2.4. Latin America
1.2.5. Middle East & Africa
1.3. Forecast calculation
1.3.1. COVID-19 impact calculations on industry forecast
1.4. Data sources
188.8.131.52. Paid sources
184.108.40.206. Public sources
Chapter 2. Automotive Collision Repair Market Summary
2.1. Automotive collision repair industry 3600 synopsis, 2016 - 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Vehicle trends
2.1.4. Source trends
2.1.5. Auto body shops trends
2.1.6. Regional trends
Chapter 3. Automotive Collision Repair Market Insights
3.1. Industry segmentation
3.2. Industry ecosystem analysis
3.2.1. Component Suppliers
3.2.2. Service providers
3.2.3. Profit margin analysis
3.2.4. Distribution channel analysis
220.127.116.11. Auto body shops
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