Press release
Automotive Collision Repair Services Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028
The global automotive collision repair services market is anticipated to grow at a CAGR of nearly 2.6%during the forecast period (2022-2028).The major factor expected to drive the market growth is the increase in the age of an average vehicle, increasing sales of automotive cars, and rising adoption of automotive insurance. Furthermore, increases in the rates of vehicle ownership and the glossy appearance and superior glaze that are offered by finished compounds are supporting to accelerate the market growth. The rising consumer spending on luxury and comfort goods is shifting customer preferences toward personally-owned vehicles that is further boosting the global automotive collision repair service market during the forecast period. In addition, increasing light-duty vehicles and powder coatings demand, high automotive production and supporting infrastructure, and rising two-wheeler demand in developing countries will further drive the growth of the market. Moreover, increasing demand for automotive coatings and rising sales of vehicles, advanced tools and technology development across the region are some factors boosting the market growth.A full report of Automotive Collision Repair Services Market is available at:https://orionmarketreports.com/automotive-collision-repair-services-market/97117/
Some major players in the market include3M Co., Denso Corp., and Service King Collision Repair Centers, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2020, Penfund announced that the company completed its first lien debt investment in Caliber Collision Centers a part of the caliber family of companies, a prominent player in the auto collision repair industry. Further, it is added that the funding is set to be utilized for general corporate purposes.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Product
By Vehicle
By Source
By Auto Body Shops
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-3M Co., Denso Corp., and Service King Collision Repair Centers, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Automotive Collision Repair Services Market Report by Segment
By Product
Crash Parts
Paints & Coatings
Adhesives & Sealants
Abrasives
Finishing Compounds
Others
By Vehicle
Passenger Cars
LCV (Light Commercial Vehicle)
HCV (Heavy Commercial Vehicle)
Two-Wheelers
By Source
New OEM
Aftermarket
Recycled
Remanufactured
By Auto Body Shops
Dealer-Owned Shops
Independent Repair Shops
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Collision Repair Services Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028 here
News-ID: 2599107 • Views: …
More Releases from Orion Market Reports
Module Power Supply Market to see Huge Growth by 2031
The Module Power Supply Market is experiencing substantial growth, fueled by increasing demand for efficient, compact, and reliable power solutions across a wide range of industries. These power supplies, which convert electrical power to a suitable form for specific applications, are essential in sectors like telecommunications, automotive, medical devices, and consumer electronics. With technological advancements and rising energy efficiency needs, the market is expected to continue expanding, driven by innovations…
Plasma Spray Guns Market to see Rapid Growth by 2031
The Plasma Spray Guns Market is witnessing significant growth, driven by the rising demand for surface coating and thermal spray applications across industries such as aerospace, automotive, manufacturing, and electronics. Plasma spray guns are widely used for depositing coatings on substrates to enhance their properties, including wear resistance, corrosion resistance, and thermal protection. As industries continue to focus on improving product performance and durability, the plasma spray gun market is…
Plasma Surface Treatment Machine Market Will Generate Record Revenue by 2031
The Plasma Surface Treatment Machine Market is witnessing significant growth as industries increasingly adopt plasma surface treatment technology for enhancing the properties of materials. Plasma surface treatment machines are used to modify the surface characteristics of materials like metals, plastics, and ceramics, offering improvements in adhesion, corrosion resistance, and wear resistance. As the demand for advanced surface treatments rises across automotive, electronics, packaging, and manufacturing sectors, the market for plasma…
Plasma Torch Market Value Projected to Expand by 2031
The Plasma Torch Market is experiencing rapid growth, driven by the increasing demand for high-precision cutting and welding technologies in industries such as manufacturing, automotive, aerospace, and construction. Plasma torches are essential tools in thermal cutting applications, offering fast and accurate cuts on various materials, including metals, plastics, and composites. With advancements in plasma cutting technology and the growing need for energy-efficient solutions, the market for plasma torches continues to…
More Releases for Collision
Big 3 Collision Named Best Collision Shop and Auto Body Shop in Michigan
Warren, MI - Big 3 Collision, a trusted name in auto repair, has been officially recognized as the Best Collision Shop Warren [https://www.big3autocollision.com/] and Auto Body Shop in Michigan. This prestigious accolade highlights their unwavering commitment to top-notch service, precision repairs, and exceptional customer care.
With a mission to return vehicles to their pre-damage condition (or better), Big 3 Collision has become the go-to destination for Michigan residents seeking expert collision…
Vehicle Collision Repair Market to Set an Explosive Growth in Near Future|Calibe …
HTF MI recently introduced Global Vehicle Collision Repair Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Service King, Caliber Collision, Gerber Collision, Fix Auto, etc..
Download Sample Report PDF…
Atlas Auto Collision: Brampton's Trusted Choice for Collision Repair and Restora …
Brampton, Ontario - Atlas Auto Collision takes pride in its position as a leader in collision repair and restoration services for the Brampton community. Their commitment to excellence ensures your vehicle is brought back to its pre-accident condition, using state-of-the-art equipment and a dedicated team of professionals.
Unparalleled Service and Expertise:
Comprehensive Collision Repair: Skilled technicians meticulously restore your vehicle using advanced tools and techniques, addressing both minor dents and major structural…
Premier Coach Auto Collision Offers Collision Repair Services in Thousand Oaks
Image: https://www.getnews.info/wp-content/uploads/2024/04/1702384602.png
Premier Coach Auto Collision, a leading auto body repair shop, is proud to offer its top-quality collision repair services to the Thousand Oaks community.
Thousand Oaks, CA - Premier Coach Auto Collision, a leading auto body repair shop, is proud to offer its top-quality collision repair services to the Thousand Oaks community. With over 20 certifications from automotive manufacturers and a team of highly trained technicians [https://premiercoachautocollision.com/our-team/], Premier Coach Auto…
Intelligent Pedestrian Collision Avoidance System Market Enhancing Pedestrian Sa …
Global Intelligent Pedestrian Collision Avoidance System Market Overview:
The Intelligent Pedestrian Collision Avoidance System market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Intelligent Pedestrian Collision Avoidance System market has experienced significant growth, driven by factors such as increasing consumer demand,…
ertified collision repairs from the experts at Maranello Collision
If you're in the market for certified collision repairs, look no further than Maranello Collision. Our expert technicians are fully qualified to handle all of your repair needs, and we only use OEM parts and materials to ensure that your car is restored to its original condition. We understand that accidents can be stressful, so our goal is always to make the process as smooth and hassle-free as possible. Contact…
