Automotive Collision Repair Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2020 to 2025. It also offers accurate overview of the growth strategies, market size, mergers acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Automotive Collision Repair market is likely to witness a steady CAGR of 3.3% during the forecast period. The increasing population, rising per capita income, and growing automobile sales are driving the growth of the market.
Market Segments' Analysis
According to Stratview Research, the Automotive Collision Repair Market is segmented by Product Type (Crash Parts, Paints and Coatings, Adhesives Sealants, Abrasives, Finishing Compounds, and Others), by Vehicle Type (Passenger Cars, LCV, HCV, and Two Wheelers), by Source Type (New OEM, Aftermarket, Recycled, and Remanufactured), by Auto Body Shop Type (Dealer-owned Shops, Independent Repair Shops), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Based on the product type, the market is segmented as crash parts, paints and coatings, adhesives sealants, abrasives, finishing compounds, and others. The crash parts’ segment is expected to dominate the market during the forecast period, owning to rising road accidental rates. These are designed and produced to the same specifications and tolerances as the actual parts on the vehicles and cater to the stringent road-safety requirements.
Based on the vehicle type, the automotive collision repair market is segmented as passenger cars, LCV, HCV, and two wheelers. The passenger cars segment dominates the market, due to the rising road traffic in the developing economies, strong presence of vehicle repair centers offering restoration and refurbishment services.
Based on the source type, the market is segmented as new OEM, aftermarket, recycled, and remanufactured. The new OEMs segment is expected to grow at the highest growth rate, due to provision for easier replacements, insurance policies, and warranty offered by OEMs, along with the improved durability and reliability offered with ease in installation.
Top key vendors in the market:
The report mentions a list of key players in the Automotive Collision Repair Market. Some of them are mentioned below –
- 3M Company
- ATP Automotive
- Caliber Collision
- DuPont
- Continental Corporation
- Denso Corporation
- Faurecia
- Eastman Chemical Company
- Federal-Mogul Holdings Corp
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