Automotive Collision Repair Market to Garner Staggering Revenues of $208.0 Billion By 2025

Rise in research activities and investment by several manufacturers offer lucrative opportunity for market growth. For
example, 3M aftermarket segment in collaboration with West Coast Custom are aiming to increase the use of body
fillers, coatings, adhesives, spray paints and abrasive.
Europe held the largest share in the automotive collision repair market and expected to continue its dominance over the
forecast period. North America is also projected to witness similar growth owing to rise in number of on-roads vehicles
in the U.S and Canada. Further, growing sales of electric vehicles offers a lucrative opportunity for the market growth in
these regions.
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https://www.millioninsights.com/industry-reports/global-automotive-collision-repair-market
Further key findings from the report suggest:
• Adoption of advanced telematics system is projected to limit the market growth.
• In 2018, Europe accounted for more than 44.0% of the market share largely because of increased penetration of safety
enabled vehicles.
• Further, the rise in sales of passenger cars is predicted to positively affect market growth.
• Key players operating in the market include Continental AG, Honeywell International, Inc., Mann+Hummel Group,
Takata Corporation, Mitsuba Corporation, Magna International, Inc. and 3M among others.
Million Insights has segmented the global automotive collision repair market based on product type, vehicle type,
service channel, and region:
Automotive Collision Repair Product Type Outlook (Revenue, USD Billion, 2014 - 2025)
• Paints & Coatings