Automotive collision repair market is anticipated to grow at a CAGR of 7.5% during the forecast period (2024-2031). Automotive collision repair refers to the process of restoring vehicles to their pre-accident condition after they have sustained damage from collisions, accidents, or other incidents. This includes repairing structural damage, replacing damaged components, and refinishing the vehicle’s exterior to match its original appearance. Collision repair technicians use specialized tools and equipment to assess the extent of the damage and perform necessary repairs, ensuring the vehicle is safe to drive and meets industry standards for quality and integrity.
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Rapid advancements in automotive technology have revolutionized the collision repair industry. Modern vehicles are equipped with sophisticated safety features and complex electronic systems, making repairs more intricate and specialized. Collision repair technicians must stay abreast of the latest technologies and undergo continuous training to effectively diagnose and repair these advanced systems. Furthermore, emerging technologies like 3D printing and augmented reality are gradually being integrated into repair processes, offering innovative solutions for repairing damaged components and streamlining workflow efficiency. As vehicles continue to evolve technologically, the collision repair industry must adapt and invest in cutting-edge tools and techniques to meet the demands of modern vehicle repair. For instance, in July 2023, Palladium Equity Partners initiated the establishment of the Collision Auto Parts platform through the acquisition of NAP San Diego, National Auto Parts, USA, and National Auto Parts-Oakland. This strategic move aims to leverage non-organic growth strategies to bolster the market presence and product portfolios of these entities. The overarching objective is to solidify the company’s position as a leading distributor of value-added collision repair parts.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Collision Repair Market by Product
- Paints & coatings
- Consumables
- Spare parts
Global Automotive Collision Repair Market by Vehicle Type
- Light-duty vehicle
- Heavy-duty vehicle
Global Automotive Collision Repair Market by Service
- DIY (Do It Yourself)
- DIFM (Do It For Me)
- OE (Original Equipment)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Aisin Corp
- Akzo Nobel N.V.
- Axalta Coating System, LLC
- BASF SE
- Denso Corp.
- DuPont de Nemours, Inc.
- Futaba Industrial CO. Ltd.
- Honeywell International, Inc.
- International Automotive Components Group
- Kansai Paint Co., Ltd.
- Magna International Inc
- Mann+Hummel Group
- Marelli Holdings COCo. Ltd.
- Martinea International Inc.
- Mitsuba Corp.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- Robert Bosch GmbH
- Valeo SA
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive collision repair market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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