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Automotive Collision Repair Trends and Forecast
The future of the global automotive collision repair market looks promising with opportunities in the light-duty vehicle and heavy-duty vehicle markets. The global automotive collision repair market is expected to reach an estimated $204.6 billion by 2030 with a CAGR of 1.8% from 2024 to 2030. The major drivers for this market are significant demand for two-wheelers, escalating number of road accidents & fatalities, and growing need for powder coating based light-duty vehicles.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Collision Repair by Segment
The study includes a forecast for the global automotive collision repair by vehicle type, product type, service channel, and region.
Automotive Collision Repair Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Light-Duty Vehicle
• Heavy-Duty Vehicle
Automotive Collision Repair Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Paint and Coatings
• Consumable
• Spare Parts
Automotive Collision Repair Market by Service Channel [Shipment Analysis by Value from 2018 to 2030]:
• Do-It-Yourself (DIY)
• Do-It-For-Me (DIFM)
• Handling to OEMs (OE)
Automotive Collision Repair Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Collision Repair Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive collision repair companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive collision repair companies profiled in this report include-
• 3M
• Automotive Technology Products
• Continental
• Denso
• Faurecia
• Federal-Mogul
• Honeywell International
• International Automotive Components
• Johnson Controls
• Magna International
Automotive Collision Repair Market Insights
Lucintel forecasts that spare part is expected to witness the highest growth over the forecast period.
Within this market, light-duty vehicle is expected to witness the higher growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Automotive Collision Repair Market
Market Size Estimates: Automotive collision repair market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive collision repair market size by vehicle type, product type, service channel, and region in terms of value ($B).
Regional Analysis: Automotive collision repair market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle types, product types, service channels, and regions for the automotive collision repair market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive collision repair market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive collision repair market size?
Answer: The global automotive collision repair market is expected to reach an estimated $204.6 billion by 2030.
Q2. What is the growth forecast for automotive collision repair market?
Answer: The global automotive collision repair market is expected to grow with a CAGR of 1.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive collision repair market?
Answer: The major drivers for this market are significant demand for two-wheelers, escalating number of road accidents & fatalities, and growing need for powder coating based light-duty vehicles.
Q4. What are the major segments for automotive collision repair market?
Answer: The future of the automotive collision repair market looks promising with opportunities in the light-duty vehicle and heavy-duty vehicle markets.
Q5. Who are the key automotive collision repair market companies?
Answer: Some of the key automotive collision repair companies are as follows:
• 3M
• Automotive Technology Products
• Continental
• Denso
• Faurecia
• Federal-Mogul
• Honeywell International
• International Automotive Components
• Johnson Controls
• Magna International
Q6. Which automotive collision repair market segment will be the largest in future?
Answer: Lucintel forecasts that spare part is expected to witness the highest growth over the forecast period.
Q7. In automotive collision repair market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive collision repair market by vehicle type (light-duty vehicle and heavy-duty vehicle), product type (paint and coatings, consumable, and spare parts), service channel (do-it-yourself (DIY), do-it-for-me (DIFM), and handling to OEMs (OE)), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Collision Repair Market, Automotive Collision Repair Market Size, Automotive Collision Repair Market Growth, Automotive Collision Repair Market Analysis, Automotive Collision Repair Market Report, Automotive Collision Repair Market Share, Automotive Collision Repair Market Trends, Automotive Collision Repair Market Forecast, Automotive Collision Repair Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Automotive Collision Repair Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automotive Collision Repair Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automotive Collision Repair Market by Vehicle Type
3.3.1: Light-Duty Vehicle
3.3.2: Heavy-Duty Vehicle
3.4: Global Automotive Collision Repair Market by Product Type
3.4.1: Paint and Coatings
3.4.2: Consumable
3.4.3: Spare Parts
3.5: Global Automotive Collision Repair Market by Service Channel
3.5.1: Do-It-Yourself (DIY)
3.5.2: Do-It-For-Me (DIFM)
3.5.3: Handling to OEMs (OE)
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automotive Collision Repair Market by Region
4.2: North American Automotive Collision Repair Market
4.2.2: North American Automotive Collision Repair Market by Product Type: Paint and Coatings, Consumable, and Spare Parts
4.3: European Automotive Collision Repair Market
4.3.1: European Automotive Collision Repair Market by Vehicle Type: Light-Duty Vehicle and Heavy-Duty Vehicle
4.3.2: European Automotive Collision Repair Market by Product Type: Paint and Coatings, Consumable, and Spare Parts
4.4: APAC Automotive Collision Repair Market
4.4.1: APAC Automotive Collision Repair Market by Vehicle Type: Light-Duty Vehicle and Heavy-Duty Vehicle
4.4.2: APAC Automotive Collision Repair Market by Product Type: Paint and Coatings, Consumable, and Spare Parts
4.5: ROW Automotive Collision Repair Market
4.5.1: ROW Automotive Collision Repair Market by Vehicle Type: Light-Duty Vehicle and Heavy-Duty Vehicle
4.5.2: ROW Automotive Collision Repair Market by Product Type: Paint and Coatings, Consumable, and Spare Parts
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive Collision Repair Market by Vehicle Type
6.1.2: Growth Opportunities for the Global Automotive Collision Repair Market by Product Type
6.1.3: Growth Opportunities for the Global Automotive Collision Repair Market by Service Channel
6.1.4: Growth Opportunities for the Global Automotive Collision Repair Market by Region
6.2: Emerging Trends in the Global Automotive Collision Repair Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive Collision Repair Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Collision Repair Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: 3M
7.2: Automotive Technology Products
7.3: Continental
7.4: Denso
7.5: Faurecia
7.6: Federal-Mogul
7.7: Honeywell International
7.8: International Automotive Components
7.9: Johnson Controls
7.10: Magna International
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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