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Surging Automotive Collision Repair Market: Steered by Innovative Trends and Robust CAGR of 5.7% by 2029
Automotive Collision Repair Market
The Global Automotive Collision Repair Market is expected to see marked growth, driven by a range of factors including increased disposable income, vehicle customization trends and advancements in repair technology.
What Is The Projected Market Size Of The Global Automotive Collision Repair Market And Its Growth Rate?
• The market size has significantly grown in the past few years, increasing from $208.85 billion in 2024 to $216.41 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.6%.
• This trend is expected to continue, with a projected worth of $270.44 billion in 2029 at a CAGR of 5.7%.
• Major growth drivers include the rise in the number of vehicles, more complex automotive technology, and increasing willingness to spend on vehicle repairs.
• The market's forecast period growth is attributed to growing demand for electric vehicles, adoption of advanced driver assistance systems (ADAS), rising demand for lightweight materials, popularisation of ride-sharing services, and a focus on vehicle safety regulations.
What Is Driving The Growth In The Automotive Collision Repair Market?
A significant driver of growth in the automotive collision repair market is the rise in the number of subscriptions to automobile insurance. As cover for loss or damage to insured vehicles, automobile insurance compels automotive collision repair companies to enhance their services and improve their product ranges. For instance, PolicyAdvice, an American insurance information website, reported in 2022 that 87% of US drivers have car insurance, and the market has grown by 2.7% on an average over the past five years. Therefore, an increase in subscriptions to automobile insurance is expected to further boost demand for automotive collision repair during the forecast period.
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Who Are the Key Players Driving Automotive Collision Repair Market Growth?
Key companies operating in the market include:
• 3M Company
• Automotive Technology Products LLC
• Denso Corporation
• Faurecia India Private Limited
• International Automotive Components Group LLC
• Caliber Collision Centers Inc.
• Service King Collision Repair Centers Inc.
• ABRA Auto Body & Glass LP
• Gerber Collision & Glass LLC,
• Maaco Collision Repair & Auto Painting,
• CARSTAR Auto Body Repair Experts
• Boyd Autobody & Glass
• Fix Auto USA
• ProColor Collision
• Sterling Collision Centers Inc.
What Are The Key Trends In The Automotive Collision Repair Market?
Key trends in the market include:
• Use of augmented reality for repair diagnostics
• Sustainable and eco-friendly repair practices
• Growth in mobile and on-demand repair services
• Integration of 3D printing for replacement parts
• Emphasis on training and certification for repair technicians
What Are The Segments Of The Global Automotive Collision Repair Market?
The automotive collision repair market is segmented by:
• Product: Crash Parts, Paints And Coatings, Adhesives And Sealants, Abrasives, Finishing Compounds, Other Products
• Service Channel: DIY, DIFM, OE
• Automotive Component Shop: Authorized Repair Shops, Independent Garage
• Vehicle Type: Passenger Vehicles, Light Commercial Vehicles
Which Region Leads The Automotive Collision Repair Market?
Western Europe was the largest region in the automotive collision repair market in 2024. However, Asia-Pacific is projected to be the fastest-growing region in the future. The geographical regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive Collision Repair Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Collision Repair Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Collision Repair Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Collision Repair Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Collision Repair Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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