Get More Information @ http://bit.ly/2oBz0em Rising demand to enhance efficiency, repair quality and profitability in medium and large workshops will drive the global automotive collision repair market size in the coming years.
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. 1 | P a g e