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3D Printing Technology Reshapes The Future Of Automotive Collision Repair Market Industry Trends Gaining Momentum in the Global Automotive Collision Repair Market
Automotive Collision Repair
Automotive Collision Repair Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the automotive collision repair market has consistently expanded over the recent years. Projections indicate an increase from $208.85 billion in 2024 to $216.41 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.6%. Factors contributing to the growth throughout the previous period include a rise in the number of vehicles running on the roads, an increase in accidents, augmented demand for customization of vehicles, new technology leading to more intricate vehicles, increasing available cash and readiness to invest in vehicle repairs.
Automotive Collision Repair Market Size Forecast: What's the Projected Valuation by 2029?
There is an anticipated strong expansion in the size of the automotive collision repair market in the upcoming years. The market is projected to reach a worth of $270.44 billion in 2029, with a compound annual growth rate (CAGR) of 5.7%. This growth during the forecast period is due to several factors such as the surge in demand for electric vehicles, the rise in the use of advanced driver assistance systems (ADAS), the growing requirement for lightweight materials in car production, the escalating popularity of ride-sharing options, and an increased focus on vehicle safety and rules. The forecast period is marked by trends like employing augmented reality for damage diagnosis, incorporating sustainable and eco-friendly repair techniques, expansion in mobile and immediate repair services, and the use of 3D printing for substituting parts, as well as an increased focus on training and certification for repair engineers.
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What Are the Drivers Transforming the Automotive Collision Repair Market?
The automotive collision repair market is predicted to surge due to an expected increase in the number of people subscribing to automobile insurance. This type of insurance, known as motor insurance, provides coverage for losses or damages to vehicles belonging to the insured person, including cars, two-wheelers or other commercial vehicles. Companies that focus on automotive collision repair are pressed to offer better products and services in response to the rising automobile insurance subscription. A 2022 article from PolicyAdvice, an American insurance information website, stated that 87% of US drivers are insured and over the past five years, the market has grown on average by 2.7%. According to a 2021 report from Care, an Indian rating agency, the motor insurance segment is anticipated to grow in 2022 with the motor insurance premium predicted to increase by 6% to 8%. Consequently, the expected increase in automobile insurance subscriptions is projected to stimulate demand in the automotive collision repair sector throughout the predicted period.
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What Long-Term Trends Will Define the Future of the Automotive Collision Repair Market?
The application of 3D printing technology is a significant trend in the market for automotive collision repair. Several firms in this market are leveraging 3D printing tools and solutions to maintain their market standing and deliver premier services to their clients. As an example, a group of German and Canadian entities initiated a new consortium in January 2022 to automate part-repair processes by utilizing 3D printing and artificial intelligence. This innovative project is labeled Artificial Intelligence Enhancement of Process Sensing for Adaptive Laser Additive Manufacturing (AI-SLAM).
Which Segments in the Automotive Collision Repair Market Offer the Most Profit Potential?
The automotive collision repair market covered in this report is segmented -
1) By Product: Crash Parts, Paints And Coatings, Adhesives And Sealants, Abrasives, Finishing Compounds, Other Products
2) By Service Channel: DIY, DIFM, OE
3) By Automotive Component Shop: Authorized Repair Shops, Independent Garage
4) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles
Subsegments:
1) By Crash Parts: Bumpers, Fenders, Hoods, Grilles, Lighting Components
2) By Paints And Coatings: Base Coats, Clear Coats, Primers, Specialty Coatings
3) By Adhesives And Sealants: Structural Adhesives, Sealants For Body Panels, Windshield Adhesives
4) By Abrasives: Sanding Discs, Grinding Wheels, Abrasive Pads
5) By Finishing Compounds: Polishing Compounds, Cutting Compounds, Finishing Polishes
6) By Other Products: Repair Tools, Cleaning Agents, Safety Equipment
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Which Firms Dominate the Automotive Collision Repair Market by Market Share and Revenue in 2025?
Major companies operating in the automotive collision repair 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., Classic Collision Inc., 1Collision Network, Crash Champions LLC, Craftsman Collision, Herb's Paint & Body, Precision Collision Center, PDR Autoworks, Pacific Elite Collision Centers, Dent Wizard International Corporation, Boyd Group Inc., Dent Doctor, Caliber Auto Care, Joe Hudson's Collision Center, VIVE Collision, Puget Collision LLC
Which Regions Offer the Highest Growth Potential in the Automotive Collision Repair Market?
Western Europe was the largest region in the automotive collision repair market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive collision repair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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