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Automotive Collision Repair Market Trends

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

Automotive Collision Repair Market Trends

The integration of cutting-edge technologies, such as laser scanning and 3D imaging, is revolutionizing collision repair. These tools provide precise measurements and diagnostics, enhancing repair accuracy and efficiency. As vehicles become increasingly equipped with ADAS technologies (e.g., lane-keeping assist, adaptive cruise control), there is a growing need for specialized repair shops that can calibrate and repair these systems accurately.
 

There is a rising emphasis on sustainable and environmentally friendly repair practices. This includes using water-based paints, recycling repair materials, and reducing waste and emissions in repair processes. The use of digital estimating software and mobile apps is streamlining the collision repair process. These tools facilitate quicker and more accurate damage assessments and repair quotes.

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.

Automotive Collision Repair Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 428
  • Countries covered: 23
  • Pages: 145
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