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The United States collision repair parts market reached a value of around USD 36.25 billion in 2023. The market is projected to grow at a CAGR of 1.7% between 2024 and 2032, reaching a value of around USD 42.18 billion by 2032.
United States Collision Repair Parts Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 36.25 |
Market Size 2032 | USD Billion | 42.18 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 1.7% |
CAGR 2024-2032 - Market by Region | Far West | 2.0% |
CAGR 2024-2032 - Market by Region | Rocky Mountain | 1.8% |
CAGR 2024-2032 - Market by Vehicle Type | Passenger Cars | 1.9% |
CAGR 2024-2032 - Market by Application | Aftermarket | 1.8% |
Market Share by Region | New England | XX% |
The United States collision repair parts market value is witnessing increasing due to the increasing cases of road accidents in the country, which drives the demand for collision repair services like scratch and dent removal, paint matching, auto glass replacement, replacing doors or panels, and more. This adds to the demand for repair parts, and since the demand for automotive insurance in the US is high, many automotive technicians partner with insurance providers to offer repair services. As a result, the US market is also expected to benefit from increase in the number of automobile insurance subscriptions. Additionally, trends like DIY methods to replace car components and the growing adoption of electric and hybrid cars are expected to positively impact the United States collision repair parts market revenue in the coming years.
From 2024 to 2032, the market is expected to see different growth rates based on vehicle type. Passenger cars are forecasted to lead the market with a Compound Annual Growth Rate (CAGR) of 1.9%, reflecting higher demand for repair parts due to their widespread use and higher incident rates of minor and major collisions. Commercial vehicles are projected to grow at a slightly lower CAGR of 1.5%. This slower growth rate can be attributed to the fewer number of commercial vehicles compared to passenger cars, coupled with potentially better maintenance and driving protocols in commercial transportation sectors, aiding the collision repair parts demand growth in United States. These trends highlight the ongoing needs for collision repair parts in varying segments of the automotive market.
CAGR 2024-2032 - Market by | Vehicle Type |
Passenger Cars | 1.9% |
Commercial Vehicles | 1.5% |
CAGR 2024-2032 - Market by | Application |
Aftermarket | 1.8% |
OEM | 1.6% |
From 2024 to 2032, the United States collision repair parts market is segmented by application into OEM (Original Equipment Manufacturer) and aftermarket parts. As per the United States collision repair parts industry analysis, the aftermarket segment leads with a higher CAGR of 1.8%, indicating a strong preference among consumers for aftermarket solutions, likely due to cost advantages and the availability of a wider range of options. The OEM segment follows with a CAGR of 1.6%, suggesting steady but slightly slower growth, which could be attributed to the typically higher costs and restricted availability compared to aftermarket parts. These ranking underscores the dynamics within the collision repair industry, where cost efficiency and accessibility play significant roles in shaping market trends.
From 2024 to 2032, the United States collision repair parts market is anticipated to experience varying growth across different regions. The Far West region is projected to lead with the highest Compound Annual Growth Rate (CAGR) of 2.0%, likely due to robust automotive markets and higher rates of vehicle ownership and usage, which increase the collision repair parts demand. Following closely are the Southwest and Rocky Mountain regions, both with a CAGR of 1.8%, indicating strong growth influenced by similar factors of high vehicle usage and accidents. The Southeast region shows a growth rate of 1.7%, while New England's growth is expected to be at 1.6%, and the Mideast at 1.5%. The lowest growth rates are seen in the Great Lakes at 1.3% and the Plains at 1.4%, which may reflect lower levels of vehicle traffic or smaller automotive markets in these areas. These variations highlight regional disparities in automotive activity and the resulting demand for collision repair components.
CAGR 2024-2032 - Market by | Region |
Far West | 2.0% |
Rocky Mountain | 1.8% |
Southwest | 1.8% |
Southeast | 1.7% |
New England | 1.6% |
Mideast | 1.5% |
Plains | 1.4% |
Great Lakes | 1.3% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States collision repair parts market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States collision repair parts industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States collision repair parts market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States collision repair parts market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Vehicle Type |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 United States Collision Repair Parts Market Analysis
8.1 Key Industry Highlights
8.2 United States Collision Repair Parts Historical Market (2018-2023)
8.3 United States Collision Repair Parts Market Forecast (2024-2032)
9 United States Collision Repair Parts Market by Product Type
9.1 Bumpers
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Fenders
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Hoods
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Grilles
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Others
10 United States Collision Repair Parts Market by Vehicle Type
10.1 Passenger Cars
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Commercial Vehicles
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 United States Collision Repair Parts Market by Distribution Channel
11.1 OEM
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aftermarket
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Collision Repair Parts Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 3M Company
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Magna International Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Denso Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Robert Bosch GmbH
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Continental AG
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Valeo
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
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