Global Automotive Collision Repair Market Overview :
Global Automotive Collision Repair market is estimated to reach $203.3 Million by 2025; growing at a CAGR of 2.1% till 2025. Automotive collision repair as the name suggests consisting of repair service and restoration of vehicles. The escalation in several road accidents and natural calamities such as landslide and earthquake that are responsible for damaging the vehicles are fueling the market growth. It includes services such as fender repair, frame straightening, bumper repair, automotive refinishing, paint-less dent removal, and unibody structure repairs. Moreover, it includes various tools such as disc sander, hammer & dolly set, HVLP spray gun, sanding blocks, and suction cup dent pullers.
Global Automotive Collision Repair Market: Growth Factors
The rise in the automotive sector is the major factor driving the growth of the market. Moreover, growth in several vehicles leads to an increase in the number of road accidents is also a major factor in market growth. Stringent road safety rules and rising awareness about safety are also impelling market growth.
Global Automotive Collision Repair Market: Segmentation
The global automotive collision repair market is mainly classified as product type, service channel, and vehicle type. Based on product type, the market is categorized as paints & coatings, consumables, and spare parts. On the basis of the service channel, the market is divided into do-it-yourself (DIY), do-it-for-me (DIFM) and original equipment (OE). Based on the vehicle type, the market is classified as, light-duty vehicle and heavy-duty vehicle.
Global Automotive Collision Repair Market: Regional Analysis
The global automotive collision repair market, based on geography, is categorized as North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further divided into the U.S., Canada, Mexico, whereas Europe includes UK, Germany, France, Italy and Rest of Europe. Asia Pacific (APAC) is segmented as India, China, Japan, South Korea, and Rest of APAC. Moreover, RoW is classified as South America, the Middle East, and Africa.
Global Automotive Collision Repair Market: Competitive Players
Key players operating in the market are 3M, Automotive Technology Products LLC (ATP.), Continental AG, Denso Corporation, Faurecia, Federal-Mogul LLC, Honeywell International Inc, International Automotive Components Group, Johnson Controls Inc, and Magna International Inc.
Automotive Collision Repair Market Key Segments:
By Product Type
- Paints & coatings
- Spare parts
By Service Channel
- Do-It-Yourself (DIY)
- Do-It-For-Me (DIFM)
- Original Equipment (OE)
By Vehicle Type
- Light-duty vehicle
- Heavy-duty vehicle
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- Automotive Technology Products LLC (ATP.)
- Continental AG
- Denso Corporation
- Federal-Mogul LLC
- Honeywell International Inc.
- International Automotive Components Group
- Johnson Controls Inc.
- Magna International Inc.
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market