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Automotive Collision Repair Market Share

Report ID: GMI108
Published Date: Sep 2024
Report Format: PDF

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Automotive Collision Repair Market Share

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Automotive collision repair industry seems to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as 3M, Lodi Group, Continental AG, Denso Corporation, Faurecia, Federal-Mogul LLC, Honeywell International, Inc., International Automotive Components Group collectively held around 5%-10% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Automotive Collision Repair Market Companies

Major players operating in the automotive collision repair industry are:

3M
Continental AG
Denso Corporation
Faurecia
Federal-Mogul LLC
Honeywell International, Inc.
International Automotive Components Group
Johnson Controls, Inc.
Lodi Group
Magna International Inc.
Mann+Hummel Group
Martinrea International Inc.
Mitsuba Corporation
Robert Bosch GmbH
Takata Corporation ODU GmbH & Co.KG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive collision repair reached USD 201.1 billion in 2023 and will expand at a 5.5% CAGR between 2024 and 2032, owing to the increasing number of vehicles on the road and the rise in road accidents, which create a higher demand for repair services.

The crash parts segment will surpass USD 106.9 billion by 2032, propelled by its essential role in repairing and replacing damaged components after accidents.

North America market will record USD 87.1 billion by 2032, due to high vehicle ownership rates, frequent road accidents, and advanced automotive repair infrastructure.

Major companies including 3M, Continental AG, Denso Corporation, Faurecia, Federal-Mogul LLC, Honeywell International, Inc., International Automotive Components Group, Johnson Controls, Inc., Robert Bosch GmbH, and Takata Corporation ODU GmbH & Co.KG, are operating in the industry.