Profitable Patterns of the Automotive Collision Repair Market-Forecast to 2020-2026




The Automotive Collision Repair Market is poised to grow remarkably by 2026 owing to factors like increasing number of road accidents and higher road density. Rise in passenger car repairs is estimated to be one of the key determinants for overall market growth. The need to offer better repair services has encouraged companies to introduce new, technologically advanced products and services. In 2020, The Society of Collision Repair Specialists announced the availability of its award-winning software ‘Blueprint Optimization Tool’ for repairers. The tool will allow collision repair service providers to automatically apply the SCRS guide to estimate and identify overlooked items.

With such developments, Global Market Insights, Inc., suggests that the automotive collision repair market may exceed USD 305 billion by 2026. This can also be subjected to robust developments by OEMs to improve vehicle maintenance and service quality. Independent repair shops are meanwhile set to record the largest market share owing to their ability to service vehicles of multiple brands.

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Elaborating on some of the ongoing trends in automotive collision repair market:

1) Paints & coatings products registering high demand

The demand for vehicle touchups and restorations have increased significantly over recent years. Rising cases of road accidents and mishaps have contributed to surge in product demand. An increase in customer preference to restore vehicles to factory offered pre-collision finish is expected to stir the growth of the paints & coatings segment, with an projected 3.5% CAGR by 2026. Rise in traffic congestions across urban areas may result in potential vehicle dents & scratches, further inducing the demand for paint touchups.

2) Environmental concerns fueling the use of recycled parts 

Shifting interest towards developing environmentally friendly collision repair products is projected to drive the growth of the recycled segment, with an estimated CAGR of around 3% by the forecast period. Increasing environmental concerns has directed the focus of companies towards using advanced tools and technologies to develop recycled products. According to Recycling Partnership’s State of Curbside Recycling 2020 report, an estimated 1.6 billion pounds of PP is expected to be available per year from single-family homes that can be recycled into products like automotive parts.


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3) Europe to emerge as a lucrative business ground

Europe automotive collision repair market size is likely to register a steady CAGR of over 2.5% during the forecast timeframe. Presence of renowned automotive giants like Volkswagen, BMW, and Daimler, among others has significantly supported the region’s automobile sector. In 2019, BMW and MINI announced a partnership with OEConnection LLC (OEC), enabling their dealer networks to get competitive pricing on eligible OE parts and facilitate their parts marketing programs from the CollisionLink body shop network. Nevertheless, imposition of stern road safety laws across Western Europe may limit the cases of road accidents, negatively impacting the demand for automotive collision repair parts.

Browse key industry insights spread across 260 pages with 327 market data tables and 11 figures & charts from the report, Automotive Collision Repair Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-collision-repair-market-report

Report Content

Chapter 3.   Automotive Collision Repair Industry Insights
3.1.  Industry segmentation
3.2.  Industry ecosystem analysis
3.2.1. Component Suppliers
3.2.2. Service providers
3.2.3. Profit margin analysis
3.2.4. Distribution channel analysis
3.2.4.1.    E-commerce
3.2.4.2.    Aftermarket
3.2.4.3.    Auto body shops
3.2.5. COVID-19 based value chain disruption analysis
3.2.6. End-users
3.2.7. Vendor matrix
3.2.7.1.    Role
3.2.7.2.    Products
3.2.7.3.    Global presence
3.3.  Technology Landscape
3.3.1. Spectrophotometer
3.3.2. Automotive Sanding System
3.4.  Pricing analysis
3.4.1. By region
3.4.1.1.    NA
3.4.1.2.    Europe
3.4.1.3.    APAC
3.4.1.4.    LATAM
3.4.1.5.    MEA
3.4.2. Cost structure analysis
3.4.3. COVID-19 impact on pricing
3.5.  Regulatory landscape
3.5.1. NA
3.5.2. Europe
3.5.3. APAC
3.5.4. LATAM
3.5.5. MEA
3.6.  Average industry prices for minor and major collision repair services
3.7.  Minor and major repair incidents/Propensity to fix for minor and major collisions
3.8.  Major/minor auto body repairs
3.9.  Minor v/s major damage repair cost
3.10.    Industry impact forces
3.10.1.  Growth drivers
3.10.1.1.     North America
3.10.1.1.1.      High automotive production and supporting infrastructure
3.10.1.2.     Europe
3.10.1.2.1.      Increasing light duty vehicles and powder coatings demand
3.10.1.3.     Asia Pacific
3.10.1.3.1.      Rising two-wheeler demand in developing countries
3.10.1.3.2.      Increasing demand for automotive coatings and rising sales of vehicles
3.10.1.4.     Latin America
3.10.1.4.1.      Advanced tools and technology development across the region
3.10.1.5.     Middle East & Africa
3.10.1.5.1.      Increasing road accidents & fatalities
3.10.2.  Industry pitfalls & challenges
3.10.2.1.     Lack of technical expertise and improving vehicle safety feature
3.10.2.2.     Rising demand for autonomous vehicles
3.11.      Innovation & sustainability
3.12.    Growth potential analysis, 2019
3.13.    Porter's analysis
3.13.1.  Supplier power
3.13.2.  Buyer power
3.13.3.  Threat of new entrants
3.13.4.  Threat of substitutes
3.13.5.  Industry rivalry
3.14.      Competitive landscape, 2019
3.14.1.  Company market share analysis, 2019
3.14.2.  Strategy dashboard
3.15.      PESTEL analysis
3.16.    COVID-19 impact on automotive industry

 About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com


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