Automotive Collision Repair Market to exceed $200bn by 2022

Global Automotive Collision Repair Market
Industry Report, 2022: Global Market Insights Inc.
The Research Report on “Automotive Collision Repair Market Size By Vehicle Type
(Heavy-duty, Light-duty), By Product (Consumables, Paints & Coatings),
Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany,
UK, France, Italy, China, India, Japan, Brazil), Application Potential,
Competitive Market Share & Forecast, 2015 – 2022”, Growing demand for
improved repair quality in large and medium workshops is expected to drive the
automotive collision repair market share.
Increasing consumer preference towards buying advanced and technologically
equipped vehicles will drive automobile sales and prove favorable for the automotive
collision repair market size. Automotive Collision Repair Market size will exceed USD
200 billion by 2022, as forecast by Global Market Insights, Inc.
The advent of new safety technologies which includes Lane Departure Warning
System (LDWS), automatic high-beam control, night vision & pedestrian control,
forward collision repair, and autonomous emergency braking, etc. are expected to
reduce collisions as well as severity of the accident. Incorporation of these reliable
technologies in vehicles will restrain the industry demand. Improving highways and
roadways infrastructure will lower the crash rate, which in turn will negatively affect
the automotive collision repair market growth.
Repairing vehicle structures that are equipped with new sensors & technologies
requires more expertise and investments to handle replacements, thus restricting
independent and small workshops. Growing adoption of consumers preferring
shared mobility will pose as a threat to the automotive collision repair market.
Customers prefer using authorized channels over other alternatives due to low rate
of depreciation. Vehicles older than a range of 4 to 8 years are usually garaged at
independent channels or small workshops owing to lower cost advantage over
authorized channels and unavailability of parts.
Paints and coatings accounted for 20% of the automotive collision repair market
share in 2014 and will grow significantly from 2015 to 2022. This growth can be
attributed to rising demand for quality and competitive paint jobs. Increasing traffic in
urban areas presents high risk of small crashes and minor dents, which require
touchups for restoring the vehicle to its original appearance.
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Light duty vehicle repair demand will surpass USD 150 billion by 2022. Fuel
economy initiatives by OEMs and regulatory bodies are also set to augment vehicle
sales and provide a growth platform for the industry.
Germany automotive collision repair market size, by vehicle, 2012-2022 (USD
Billion)
Companies operating in the industry include 3M, ABRA Auto Body & Glass, BASF,
Continental, Service King, Caliber Collision, etc. The industry is highly fragmented
due to the presence of several authorized, independent, and medium and small
workshops which provide low cost damage restructuring services.
Germany automotive collision repair market share is estimated to exhibit 2% CAGR
over the forecast timespan. Advancements in adopting new methods for damage
restructuring jobs in services and supplementary products for painting, denting and
bodyworks will support industry demand. APAC is set to benefit from considerable
automobile sales, which increase the addressable automotive collision repair market
potential. Economically stabilizing regions have witnessed slow adoption rates of
advanced safety technologies. India automotive collision repair market growth will
see demand for crash restructurings.
Segmentation of Automotive Collision Repair Market:
Automotive collision repair market research report includes in-depth coverage of the
industry with estimates & forecast in terms of revenue in USD billion from 2012 to
2022, for the following segments:
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Automotive collision repair market by vehicle
• Heavy-duty
• Light-duty
Automotive collision repair market by product
• Consumables
• Paints & Coatings
The above information is provided on a regional basis for the following:
• North America
• U.S.
• Mexico
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• MEA
Browse Related Report:
• Automotive Aftermarket Size By Vehicle Part (Replacement Parts [Belt,
Brake, Clutch, Lighting, Electrical, Engine & AC, Exhaust, Filters, Suspension,
Transmission, Wiper], Accessories), By Sales Outlet (Professional [Garages &
Service Stations, Automobile Dealerships, Government], DIY, OEM), By
Region (U.S., Canada, Germany, UK, Russia, China, India, South Korea,
Japan, Indonesia, Thailand, Brazil, Mexico, Argentina, South Africa, GCC),
Industry Analysis Report, Regional Outlook, Application Growth Potential,
Price Trends & Forecast, 2016 – 2024
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