Tuesday, 11 August 2020

Automotive Collision Repair Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics & Opportunities

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.


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.

  
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
 *If you have any special requirements, please let us know and we will offer you the report as you want. Speak to Analyst to know more @ https://www.polarismarketresearch.com/industry-analysis/automotive-collision-repair-market/speak-to-analyst

No comments:

Post a Comment

Please do not enter any spam link in the comment box...