Global Automotive Collision Repair Market Report and Forecast 2024-2032

Global Automotive Collision Repair Market Outlook

The global automotive collision repair market size reached nearly USD 192.95 billion in 2023. The market is projected to grow at a CAGR of 2.20% between 2024 and 2032 to attain a value of around USD 234.70 billion by 2032.

Key Trends in the Market

Automotive collision repair refers to a process of restoring and repairing the damages inflicted on an automobile due to a collision. An automotive collision repair procedure is performed by skilled automotive technicians and can include different processes such as painting, replacing automotive body parts, or refinishing a component.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

• The growing ownership of passenger and commercial vehicles is driving the automotive collision repair market growth. Rapid urbanisation and increasing disposable income are also enabling the emerging middle-class population to spend more on vehicle maintenance.

• Increasing prevalence of road accidents amid growing traffic congestion, especially in emerging economies, has been surging the demand for automotive collision repair services to reduce the risk of further damages.

• Rapid emergence of the DIY sector, owing to the expanding knowledge base of car owners, and the growing accessibility to accessories such as paint sprayers, lightings, fillers, and sanding tools, among others, are some of the factors bolstering the growth of automotive collision repair market.

• The impact of 3D printing technology on auto body repair has been significant in reducing pollution and landfill waste associated with damaged parts. Moreover, the development of innovative 3D printing materials that are compatible with automotive grade injection moulded plastics and can be welded directly on headlight and bumper bases is anticipated to aid the market in the forecast period.

Market Analysis

Based on product type, the market is segmented into paints and coatings, consumables, and spare parts, among others. On the basis of vehicle type, the market is classified into heavy-duty vehicle and light-duty vehicle. By service channel, the market is divided into DIY, OE, and DIFM, among others. The regional markets of automotive collision repair include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global automotive collision repair market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• 3M Company

• Denso Corporation.

• Honeywell International Inc

• Continental AG

• Robert Bosch GmbH

• Faurecia Group.

• Automotive Technology Inc.

• Caliber Holdings LLC

• Others

Market Share by Product Type

The paints and coatings segment, based on product type, accounts for a healthy share of the automotive collision repair market. The emergence of protective coating technology, along with rising attempts to boost aesthetics of cars by owners, is generating considerable demand for high-quality paints and coatings.

In addition, automobiles are susceptible to rocks, debris, mud and low intensity collisions, which can cause scratches and abrasions and hamper their performance. This is increasing the demand for paints and coatings that can hide rust and scratches on vehicles and prevent their structural damage. Moreover, technological advancements in paints and coatings technology, such as the development of self-cleaning and smart paints, are expected to propel the segment growth in the coming years.

Market Share by Region

Europe is expected to be a fast-growing region in the automotive collision repair market, owing to the high vehicle ownership among the affluent population in countries like Germany and the UK. Rising demand for advanced safety features, induced by the growing awareness regarding road accidents, is further favouring the demand for automotive collision repair solutions.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Meanwhile, the Asia Pacific is expected to offer lucrative growth opportunities to the overall market for automotive collision repair in the forecast period, due to the strong foothold of OEMs across emerging economies such as India and China, rising population levels, and increasing numbers of cars on roads.

Competitive Landscape

3M Company is a multinational conglomerate operating in diverse industries such as healthcare, home care, and consumer goods, among others. It was founded in 1902 and is headquartered in Minnesota, the United States.

Denso Corporation. is a leading automotive manufacturer providing expertise related to various automotive products such as engines, climate control systems, and hybrid systems, among others. The company was established in 1949 and is headquartered in Aichi, Japan.

Honeywell International Inc is a publicly traded multinational conglomerate corporation founded in 1906 and headquartered in North Carolina, the United States. The company provides advanced engineered technologies catering to the demands of various end use sectors, such as performance materials and aerospace.

Other market players include Continental AG, Robert Bosch GmbH, Faurecia Group., Automotive Technology Inc., and Caliber Holdings LLC, among others.

Key Highlights of the Report