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Automotive Collision Repair Market is Estimated to hit USD 238.74 billion at a CAGR of 2.1% by year 2032 | PMR
Automotive Collision Repair Market
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Various factors propelling the demand for automotive collision repair include:
● As economies grow and disposable incomes rise, more people can afford to buy cars, resulting in an increase in the number of vehicles on the road.
● Rising demand for excellent repair services is expected to lead to a significant rise in the automotive collision repair industry share over the forecast period.
● The growing worldwide vehicle population, which causes more accidents, boosts the automobile collision repair market share.
What is Automotive Collision Repair?
The field of automotive collision repair involves repairing cars after collisions or other types of damage to return them to their pre-accident state. This sector covers a broad spectrum of goods and services, including paint jobs, body work, frame straightening, mechanical repairs, and part installation. It provides services to fleet managers, insurance firms, and car dealerships, in addition to private customers. Emerging trends like Paintless Dent Repair (PDR), Advanced Driver Assistance Systems (ADAS) calibration, and the integration of Virtual Reality (VR) and Augmented Reality (AR) technologies for training and repair assistance are also included in the market due to developments in technology and materials.
Top Companies:
Because there are so many companies in the industry, it is expected to be both competitive and fragmented.
Some of the leading companies in the automotive collision repair market are:
• 3M
• Continental AG
• Denso Corporation
• Faurecia
• Federal-Mogul LLC
• Honeywell International, Inc.
• International Automotive Components Group
• Johnson Controls, Inc.
• Magna International Inc.
• Martinrea International Inc.
• Mitsuba Corporation
𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/202/2
Segmental Breakdown:
The market is mainly segmented based on product, vehicle type, end-use, and region. Based on the product research, in 2023, the spare parts category dominated the automotive collision repair market. Spare components are essential for repairing vehicles damaged in collisions. These elements comprise various components, such as bumpers, doors, fenders, hoods, taillights, headlights, and others.
Furthermore, according to the vehicle type study, the passenger vehicle category is predicted to have the highest CAGR during the forecast period. Globally, passenger vehicle ownership is steadily increasing due to causes such as improved economic conditions, urbanization, and changing lifestyles.
Click here to Access the Full Report: https://www.polarismarketresearch.com/industry-analysis/automotive-collision-repair-market
Regional Landscape:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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