Global Automotive Collision Repair Market Industry Report, 2022

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Global Automotive Collision Repair Market
Industry Report, 2022 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automotive Collision Repair
Market

• 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.
• Light duty vehicle repair demand will surpass USD
  150 billion by 2022. Fuel economy initiatives by
  OEMs and regulatory bodies are also set to
  augment vehicle sales and provide a growth
  platform for the industry.
• Germany automotive collision repair market share
  is estimated to exhibit 2 CAGR over the forecast
  timespan. Advancements in adopting new methods
  for damage restructuring jobs in services and
  supplementary products for painting, denting and
  bodyworks will support industry demand.

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Continued...

• Repairing vehicle structures that are equipped
  with new sensors technologies requires more
  expertise and investments to handle replacements,
  thus restricting independent and small workshops.
• APAC is set to benefit from considerable
  automobile sales, which increase the addressable
  automotive collision repair market potential.
  Economically stabilizing regions have witnessed
  slow adoption rates of advanced safety
  technologies. India automotive collision repair
  market growth will see demand for crash
  restructurings.
• Companies operating in the industry include 3M,
  ABRA Auto Body Glass, BASF, Continental,
  Service King, Caliber Collision, etc. The
  industry is highly fragmented due to the presence
  of several authorized, independent, and medium
  and small workshops which provide low cost damage
  restructuring services.

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Germany automotive collision repair market size,
by vehicle, 2012-2022 (USD Billion)

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360 Analysis

• Product Analysis
• Increasing traffic possesses high risk of minor
  dents and small collisions requiring touchups to
  restore the vehicles into their original color.
  This creates high demand for high quality and
  competitive paint jobs to restore factory
  finishes.
• Regional Analysis
• Germany accounted for 19 of the overall Europe
  automotive collision repair market share in 2014
  and will continue to grow at 1.9 CAGR from 2015
  to 2022. Advancements in collision repairing
  technologies in ancillary products and other
  services such as denting, painting, body repairs
  would attribute industry demand.
• Competitive Market Share
• Key industry players include Caliber Collision,
  Service King, ABRA Auto Body Glass, and Maaco
  Franchising. Major companies which provides
  paints, chemical products and other ancillary
  products and services are BASF, 3M, and
  Continental.

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