New York, NY 11 Aug 2019: A comprehensive
research report Automotive
Collision Repair Market created through extensive primary
research (inputs from industry experts, companies, stakeholders) and secondary
research, the report aims to present the analysis of Global Automotive
Collision Repair Market The report analyzes the Automotive Collision Repair Market, By Products (Paints and
Coatings, Consumables, Spare Parts); By Vehicle Type (Passenger Vehicles,
Commercial Vehicles, Two-Wheeler); By End-Use (New OEM, Aftermarket, Recycled,
Remanufactured) The Automotive Collision Repair Market has been analyzed By
Region (North America, Europe, Asia Pacific and Rest of the World) and By
Country (U.S, Canada, United Kingdom, Germany, China and India) for the
historical period of 2015-2016 and the forecast period of 2018 - 2026
The
global Automotive Collision Repair Market is anticipated to
reach around USD 222.7 billion by 2026 according to a new research published by
Polaris Market Research. In 2017, the spare parts segment dominated the global
market, in terms of revenue. In 2017, Europe accounted for the majority share
in the global Automotive Collision Repair market.
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The automotive
collision repair market requires advanced protective materials which also meet
the aesthetic features of the automobile. Additionally, the rapidly evolving
paints and coating technology boosts the market growth. The companies are under
constant pressure of improving safety standards and guidelines and damages to
vehicles which further aides market growth. The increasing penetration of
hybrid cars and electrical vehicles will offer market opportunities for growth
during the forecast period. Digitalization of automotive repair and collision
services also supports market growth. The high usage of these paints and
coatings may lead to low-quality distribution in various applications. This
acts as a potential risk to the environment and also restricts market growth. Another
factor hindering the market growth is the dependence of consumers on insurance.
The global
Automotive Collision Repair market is segmented on the basis of product,
vehicle type, end-use, and geography. Based on the product, the market is
segmented into paints and coatings, consumables, and spare parts. The end-use
segment is categorized into New OEM, Aftermarket, Recycled, and Remanufactured.
The vehicle types in the global automotive Collision Repair market include
passenger vehicles, commercial vehicles, and two-wheelers.
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In 2017, Europe
accounted for the highest share in the global automotive Collision Repair
market. The primary factors driving the automotive Collision Repair market
growth in the region include established automotive industry, technological
advancements, and high investment in R&D. The introduction of stringent
government regulations regarding vehicular safety and emissions accelerate the
adoption of automotive Collision Repair in the region. The growing safety
concerns, rising number of road accidents, increasing development of autonomous
vehicles, and growing automotive modernization further increases the demand of
automotive collision repair in the region.
The leading companies profiled in the
Automotive Collision Repair Market include Denso Corporation, Continental AG,
3M, Honeywell International, Inc., Johnson Controls, Inc., Robert Bosch GmbH,
Federal-Mogul LLC, Automotive Technology Products LLC, Caliber Collision, and
Henkel AG & Co., KGaA. These companies launch new products and collaborate
with other market leaders to innovate and launch new products to meet the
increasing needs and requirements of consumers.
Segment Analysis
The global automotive collision repair
market is segmented on the basis of product, vehicle type, end-use, and
geography.
- Automotive Collision Repair Market Size and
Forecast, 2017-2026 by Products
- Paints and Coatings
- Consumables
- Spare Parts
- Automotive Collision Repair Market Size and
Forecast, 2017-2026 by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Two-Wheelers
- Automotive Collision Repair Market Size and
Forecast, 2017-2026 by End-Use
- New OEM
- Aftermarket
- Recycled
- Remanufactured
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