According to a research report by Stratview Research, Automotive Collision Repair market is expected to grow form USD 194.44 billion in 2021 to USD 224.88 billion in 2028 with a CAGR of 2.05% during the forecast period. The increasing population, rising per capita income, and growing automobile sales are driving the growth of the market.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Stratview Research has segmented the Automotive Collision Repair Market by Product Type (Crash Parts, Paints and Coatings, Adhesives & Sealants, Abrasives, Finishing Compounds, and Others), by Vehicle Type (Passenger Cars, LCV, HCV, and Two Wheelers), by Source Type (New OEM, Aftermarket, Recycled, and Remanufactured), by Auto Body Shop Type (Dealer-owned Shops, Independent Repair Shops), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Based on the source type, the market is segmented as new OEM, aftermarket, recycled, and remanufactured. The new OEMs segment is expected to grow at the highest growth rate, due to provision for easier replacements, insurance policies, and warranty offered by OEMs, along with the improved durability and reliability offered with ease in installation.
Based on the auto body shops type, the automotive collision repair market is segmented as dealer-owned shops and independent repair shops. The dealer owned shops is expected to dominate the market owing to the growing preference for dealer-owned shops on account of easy availability of reliable and superior quality spare parts.
In terms of regions, Asia-Pacific is estimated to be the largest growing automotive collision repair market during the forecast period. Rising road congestion coupled with 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.
The following are the key players in the Automotive Collision Repair Market –
- 3M Company
- ATP Automotive
- Caliber Collision
- Continental Corporation
- Denso Corporation
- Eastman Chemical Company
- Federal-Mogul Holdings Corp
To develop better customer understanding, the team at Stratview Research employ a range of quantitative and qualitative market research approaches. This report aims to help the users make use of the available data in a way, that profits the business and leads to growth.
Stratview Research is interested in learning what additional information, if included, would be beneficial to the users’ business. We also customise reports based on your preferred countries/regions, segmentations, companies, and so on. You can share any specific requirements related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to email@example.com
Get a free sample report here: https://www.stratviewresearch.com/Request-Sample/1073/automotive-collision-repair-market.html#form
Stratview Research is a global market research firm that delivers precise data and ground-breaking business study, helping organizations of all sizes make suitable decisions. We gather information for our clients, assisting them to address various challenges, and trends related to their market.