Global Automotive Collision Repair Services Market To Record CAGR Of Over 2.68% During 2024–2032

According to Zion Market Research, the Global Automotive Collision Repair Market was capitalized at USD 194.37 Billion in 2023 and is expected to augment at a CAGR of over 2.68% during the forecaste period 2024–2032. The automotive collision repair is the repairing and rebuilding of a vehicle following it has been destroyed in an accident. It also considers the materials required and the repair services for the entire repairing process. The materials utilized in the automotive repairing generally consist of coatings, paints, spare parts, and other refinishing materials utilized to repair scratches & dents. The two major consumable products are resin material and engine motor oil. The spare parts utilized in automotive repairs consist of crash parts, repair materials, and mechanical tools & parts.

Some of the key players in the market are Continental AG, Denso Corporation, Honeywell International, Inc., 3M, Johnson Controls, Inc., DuPont, BASF, Robert Bosch GmbH, ZF Friedrichshafen, Automotive Technology Products LLC, Federal-Mogul LLC, Henkel AG&Co. KGaA, and Caliber Collision. The suppliers are introducing innovative products to meet surging customer desires. Additionally, the contenders are acquiring and partnering with top companies in the market to augment their offerings and enlarge the customer base.

Advancing Sales And Aging Of Vehicles To Boost The Global Automotive Collision Repair Services Market

The increasing need for road safety and consequent guidelines & standards for automobile safety is the major driver of the market. Additionally, natural calamities and surge in road accidents resulting in vehicle damage prompt the growth. Another aspect driving business segment expansion is the rapid advancement of paints & coatings that adapts with the protecting automobile materials. Nevertheless, the negative environmental effects due to the use of cheap synthetic coating and refinishing materials impact the market’s expansion to a certain extent. The development of hybrid & electric vehicles also enhances the growth of the automotive collision market. The surge in driverless cars and a surge in demand for electric vehicles advance the demand for automotive collision repair. Owing to advancing sales and the aging of vehicles globally, the automotive collision repair market is growing exponentially.

The global automotive collision repair services market is bifurcated on the basis of service type, workshop type, vehicle type, and regional analysis. Based on the service type, the market is divided into paints, parts, and repair. Based on the workshop type, the market is divided into authorized garage and independent garage. Based on the vehicle type, the market is divided into light commercial vehicle, passenger vehicle, and heavy commercial vehicle.

Increasing Number Of Vehicles And Motor Insurance To Boost The Global Automotive Collision Repair Services Market

Based on the geographical analysis, the global automotive collision repair services market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The surging penetration of motor insurance in budding countries in the Asia Pacific and Latin America is expected to propel the automotive collision repair services market. The augment in consumer affordability and surged awareness regarding “collision cover” and “own damage” insurance is anticipated to impel the global automotive collision repair services market.

Browse the full “Automotive Collision Repair Services Market - By Service Type (Paints, Parts, and Repair), By Workshop Type (Authorized Garage and Independent Garage), By Vehicle Type (Light Commercial Vehicle, Passenger Vehicle, and Heavy Commercial Vehicle), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032.” Report at https://www.zionmarketresearch.com/report/automotive-collision-repair-market

The global automotive collision repair services market is segmented as follows:

Based on service type:

• Paints
• Repair
• Parts

Based on workshop type:

• Authorized Garage
• Independent Garage

Based on vehicle type:

• Light Commercial Vehicle
• Passenger Vehicle
• Heavy Commercial Vehicle

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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