Press release
Automotive Collision Repair Market is Forecasted to Reach US$ 224.88 Billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global automotive collision repair market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1073/automotive-collision-repair-market.html#form
Report Highlights:
Market Size in 2028: US$ 224.88 billion
Growth (CAGR): 2.05% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Segment Insights on the Automotive Collision Repair Market:
The global Automotive Collision Repair market is segmented based on Product type, Vehicle type, Source type, Auto Body Shop type, and Region.
Based on product type - The market is segmented into crash parts, paints and coatings, adhesives & sealants, abrasives, finishing compounds, and others. The crash parts segment accounted for the largest share of more than 60% in 2021 and is expected to dominate the market during the forecast period, owing to rising road accident rates. These are designed and produced to the same specifications and tolerances as the actual parts on the vehicles and cater to the stringent road safety requirements.
Based on source type - The market is segmented as new OEM, aftermarket, recycled, and remanufactured. The new OEM segment held the largest share of more than 55% in 2021 and is expected to grow at the highest growth rate, due to the provision for easier replacements, insurance policies, and warranty offered by OEMs, along with the improved durability and reliability offered with ease in installation.
To know the most attractive segments, visit:
https://www.stratviewresearch.com/1073/automotive-collision-repair-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
Europe accounted for the largest share of more than 40% in 2021. Asia-Pacific is estimated to expand at the fastest CAGR of 3.5% during the forecast period. Rising road congestion coupled with an increasing number of automobile sales in China and India are surging the demand for two-wheelers in the developing economies of Asia-Pacific along with lenient road safety laws leading to road accidents, which are expected to drive the market.
Automotive Collision Repair Market Drivers:
Some of the key drivers listed in the report are given below.
• Advanced Driver Assistance Systems proliferation creates demand for specialized recalibration services and sophisticated diagnostic equipment with every repair.
• Vehicle material complexity evolution introduces multi-material structures requiring new joining methods and specialized equipment investments.
• Insurance industry consolidation through direct repair programs reshapes market dynamics by controlling repair facility selection and standardizing processes.
• OEM certification program expansion creates competitive differentiation opportunities for repair facilities investing in specialized training and equipment.
• Electric vehicle collision repair requirements drive fundamental skill shifts as technicians must master high-voltage safety protocols and battery pack assessment techniques.
Top Companies in the Automotive Collision Repair Market:
Stratview Research has identified the following companies as the top market players.
• 3M Company
• ATP Automotive
• Caliber Collision
• DuPont
• Continental Corporation
• Denso Corporation
• Faurecia
• Eastman Chemical Company
• Federal-Mogul Holdings Corp
Note: The above list does not necessarily include all the top players in the market.
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the Automotive Collision Repair Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
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Call Us: +13133074176
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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