Automotive Collision Repair Industry Analysis and Statistics | Forecast, 2017 – 2024

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Automotive Collision Repair Market Global
Industry Analysis Report, Share, Growth, Price
Trends and Forecast, 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automotive Collision Repair
Market

• Increasing demand for the enhancement of damage
  control, and repair quality will positively
  impact the automotive collision repair market
  share over the coming years.
• Continuous technological advancements in
  ancillary products coupled with supplementary
  services such as painting, denting, and body
  maintenances will further augment the industry
  demand.
• Rising investment from major industry
  participants to enhance their services and
  quality will pave an opportunistic way for the
  automotive collision repair market.
• Paints coatings are the most commonly used
  products in the auto industry.

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Continued...

• This wide acceptance is credited to the rising
  road congestion that poses risk of minor dents
  and small crashes resulting in the need to
  restore the vehicles original color.
• Original Equipment Manufacturers (OEMs) will
  account for highest revenue share by 2024 owing
  to the consumers high trust level towards the
  brand manufacturers.
• Rising demand of painting coating in Eastern
  Europe is another factor responsible for
  catapulting the regional growth till 2024.
• Aftermarket is anticipated to exhibit a maximum
  CAGR of over 4 from 2017 to 2024.

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U.S. Automotive Collision Repair Market, By End
Use, 2012-2024, (USD Billion)

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Industry Coverage
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360 Analysis

• Product Analysis
• Paints coatings market share accounted for 21
  of the overall automotive collision repair market
  share in 2016 and will exhibit growth over 2.7
  CAGR from 2017 to 2024.
• Regional Analysis
• Asia Pacific automotive collision repair market
  share accounted for nearly 24 in 2016 and is
  expected to exhibit highest CAGR from 2017 to
  2024.
• Latin America is estimated to reach USD 12
  billion in 2024. The scarcity of automotive
  repair and replacement shops are expected to
  improve the implementation rate.
• Competitive Market Share
• Companies operating in the automotive collision
  repair market includes 3M company, ZF
  Friedrichshafen AG, Honeywell International Inc.,
  Federal-Mogul Holdings Corporation, Denso
  Corporation, Continental Corporation and Bosch
  and Faurecia, among others.

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