The global automotive collision repair market is expected to grow at a CAGR of around 5.5% from 2021 to 2028 and expected to reach the market value of around US$ 175 Bn by 2028.
Report coverage
| Market |
Automotive Collision Repair Market |
| Analysis Period |
2017 - 2028 |
| Base Year |
2020 |
| Forecast Data |
2021 - 2028 |
| Segments Covered |
By Product, By Service Channel, By Vehicle Type and By Geography |
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
3M, Continental AG, Denso Corporation, Faurecia SE, Federal-Mogul Corporation, Honeywell International Inc., MANN+HUMMEL, and among others |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation |
Repairing collision-damaged vehicles is a skill that not only restores the vehicle's original appearance but also repairs its complex mechanical components to strict safety and manufacturing standards. According to WorldSkills International, automotive collision repair is defined as a vehicle being involved in a collision; automobile repairers restore the parts to factory standards and specifications. The automobile repairer requires professional experience to diagnose vehicle damage and repair it using a variety of machines and tools, including welding skills.
Market Drivers
Automotive aftermarket has positive influence on the global automotive collision repair market
According to a SEMA report, advances in original equipment design and manufacturing technologies have impacted all segments of the automotive aftermarket in the twenty-first century. In any case, improved build quality and enhanced safety technologies have helped the vehicle manufacturers to build safer and durable vehicles as compared to the past; however the accidents and collisions will still take place due to human error. Because of this, the collision repair and refinish industry continues to grow in the automotive aftermarket industry, with annual revenue of US$ 28.5 bn in 2020.
Technological advancements in automotive collision repair touch every aspect of business
New collision technology is constantly evolving, which proves costly but useless if repairers do not use it. As cars evolve, each new model incorporates new technology that improves safety, increases sustainability, boosts efficiency, automates driving tasks, and integrates better with mobile technology. These objectives must be prioritized in automotive collision repair. As per the AutoInc. Report, the automotive industry is pushing for modernization with the future of the collision repair industry. For example, consistent development and incorporation of ADAS technology is expected to reduce overall collisions, reducing the number of repairs required. Innovation is combining technology with industry needs. Furthermore, LIDAR technology is required for the future self-driving car. With the addition of LIDAR, additional specifications in OEM procedures and repair materials will be required.
COVID-19 impact on the automotive collision repair market
COVID-19 has a negative impact on the global automotive collision repair market due to an unfortunate pandemic within the automotive industry caused by auto part delays. Because auto-repair shops are an essential service in the automotive industry, businesses have been severely impacted as a result of the pandemic. The vast majority of auto repair shops is independently owned and operated that rely on the surrounding communities. However, due to a financial crisis or a lack of financial security, many shop owners have been forced to lay off employees and, in extreme cases, permanently close their doors.
Market Segmentation
The global automotive collision repair market is segmented as product, service, and vehicle type. By product, the market is segmented as paints & coatings, consumables, and spare parts. By service, the market is segregated as DIY, DIFM, and OE. Furthermore, vehicle type is classified into light-duty vehicles and heavy-duty vehicles.
The spare parts segment dominates the global automotive collision repair market in terms of product segmentation. Spare parts are essential in equipment maintenance because without them, no equipment can be restored to its original condition for proper operation. Furthermore, the availability of spare parts and materials is critical in reducing the time required to repair accident-damaged vehicles. Such factors have a positive impact on the automotive collision market's exponential growth.
Based on service, the OE segment has held the largest share in the past and is expected to do so again during the forecast period. The original equipment manufacturer (OE) collision parts are sold exclusively through new vehicle dealers and are designed to fit properly, providing consistency and uniform space between the body panels. Furthermore, OE collision parts are of the same quality that was used in the initial stages of building the car. Using collision replacement parts will help the car look new and maintain its value during the trade-in or re-sale process. OE for collision repair also plays an active role in terms of safety, durability, appearance, and performance.
Light-duty vehicles have dominated the automotive collision repair market in the past and are expected to continue this trend during the forecast period. The demand for light-duty vehicles has grown exponentially over the years due to the utility of light-duty vehicles as an alternative mode of transportation, a surge in government initiatives to improve fuel economy, and the high availability of alternative fuel vehicles are the factors that have positively impacted segmental growth, ultimately contributing to automotive collision repair market. This is one the impactful factors that have raised demand for light-duty vehicles contributing for the growth of overall market.
Regional Landscape
Europe dominates the automotive collision market by recording highest market share
Europe has dominated the automotive collision repair market in the past and is expected to do so again during the forecast period. According to a European Union report, the automotive industry is critical to Europe's prosperity. Automobile industry grants employments to around 13.8 million European population directly and indirectly, accounting for 6.1% of total employment in the EU. Currently, 2.6 million people European work in direct manufacturing of vehicles, accounting for 8.5% of manufacturing employment in the European Union. Because the EU is the world's largest producer of motor vehicles, the sector identifies a significant private investor in R&D.
In the forecast period, Asia Pacific will have the fastest growing CAGR in the automotive collision repair market. As the sale of commercial vehicles increases in APAC, the region is experiencing rapid expansion and an increase in industrial output. This causes commercial vehicles to be driven on roads, increasing the demand for collision repair parts in the APAC regional market. Such factors contribute to the expansion of the global automotive collision repair market.
Competitive Landscape
The prominent players of the global automotive collision repair market involve 3M, Continental AG, Denso Corporation, Faurecia SE, Federal-Mogul Corporation, Honeywell International Inc., MANN+HUMMEL, and among others
Market Segmentation
Market By Product
Paints & Coatings
Consumables
Spare Parts
Market By Service Channel
DIY
DIFM
OE
Market By Vehicle Type
Light-duty Vehicle
Heavy-duty Vehicle
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Automotive Collision Repair
1.1. Definition and Scope
1.1.1. Definition of Automotive Collision Repair
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Automotive Collision Repair Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Automotive Collision Repair Market By Product
1.2.3. Automotive Collision Repair Market By Service Channel
1.2.4. Automotive Collision Repair Market By Vehicle Type
1.2.5. Automotive Collision Repair Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Automotive Collision Repair Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Automotive Collision Repair Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Automotive Collision Repair Major Manufacturers in 2019
CHAPTER 5. Automotive Collision Repair Market By Product
5.1. Introduction
5.2. Automotive Collision Repair Revenue By Product
5.2.1. Automotive Collision Repair Revenue (US$ Mn) and Forecast, By Product, 2017-2028
5.2.2. Paints & Coatings
5.2.2.1. Paints & Coatings Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.3. Consumables
5.2.3.1. Consumables Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.4. Spare Parts
5.2.4.1. Spare Parts Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 6. Automotive Collision Repair Market Revenue By Service Channel
6.1. Introduction
6.2. Automotive Collision Repair Revenue (US$ Mn) By Service Channel
6.2.1. Automotive Collision Repair Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
6.2.2. DIY
6.2.2.1. DIY Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.3. DIFM
6.2.3.1. DIFM Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.4. OE
6.2.4.1. OE Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 7. Automotive Collision Repair Market By Vehicle Type
7.1. Introduction
7.2. Automotive Collision Repair Revenue (US$ Mn) By Vehicle Type
7.2.1. Automotive Collision Repair Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
7.2.2. Light-duty Vehicle
7.2.2.1. Light-duty Vehicle Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.2.3. Heavy-duty Vehicle
7.2.3.1. Heavy-duty Vehicle Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 8. North America Automotive Collision Repair Market By Country
8.1. North America Automotive Collision Repair Overview
8.2. U.S.
8.2.1. U.S. Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
8.2.2. U.S. Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
8.2.3. U.S. Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
8.3. Canada
8.3.1. Canada Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
8.3.2. Canada Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
8.3.3. Canada Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
8.4. North America PEST Analysis
CHAPTER 9. Europe Automotive Collision Repair Market By Country
9.1. Europe Automotive Collision Repair Market Overview
9.2. U.K.
9.2.1. U.K. Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.2.2. U.K. Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
9.2.3. U.K. Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
9.3. Germany
9.3.1. Germany Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.3.2. Germany Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
9.3.3. Germany Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
9.4. France
9.4.1. France Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.4.2. France Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
9.4.3. France Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
9.5. Spain
9.5.1. Spain Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.5.2. Spain Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
9.5.3. Spain Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
9.6. Rest of Europe
9.6.1. Rest of Europe Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
9.6.2. Rest of Europe Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
9.6.3. Rest of Europe Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Automotive Collision Repair Market By Country
10.1. Asia Pacific Automotive Collision Repair Market Overview
10.2. China
10.2.1. China Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.2.2. China Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
10.2.3. China Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
10.3. Japan
10.3.1. Japan Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.3.2. Japan Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
10.3.3. Japan Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
10.4. India
10.4.1. India Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.4.2. India Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
10.4.3. India Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
10.5. Australia
10.5.1. Australia Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.5.2. Australia Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
10.5.3. Australia Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
10.6. South Korea
10.6.1. South Korea Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.6.2. South Korea Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
10.6.3. South Korea Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
10.7.2. Rest of Asia-Pacific Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
10.7.3. Rest of Asia-Pacific Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Automotive Collision Repair Market By Country
11.1. Latin America Automotive Collision Repair Market Overview
11.2. Brazil
11.2.1. Brazil Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
11.2.2. Brazil Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
11.2.3. Brazil Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
11.3. Mexico
11.3.1. Mexico Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
11.3.2. Mexico Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
11.3.3. Mexico Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
11.4. Rest of Latin America
11.4.1. Rest of Latin America Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
11.4.2. Rest of Latin America Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
11.4.3. Rest of Latin America Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Automotive Collision Repair Market By Country
12.1. Middle East & Africa Automotive Collision Repair Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
12.2.2. Saudi Arabia Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
12.2.3. Saudi Arabia Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
12.3. UAE
12.3.1. UAE Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
12.3.2. UAE Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
12.3.3. UAE Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Product, 2017-2028
12.4.2. Rest of Middle East & Africa Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Service Channel, 2017-2028
12.4.3. Rest of Middle East & Africa Automotive Collision Repair Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2017-2028
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Automotive Collision Repair
13.1. Automotive Collision Repair Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Automotive Collision Repair Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. 3M
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. 3M 2019 Automotive Collision Repair Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Continental AG
14.3. Denso Corporation
14.4. Faurecia SE
14.5. Federal-Mogul Corporation
14.6. Honeywell International Inc.
14.7. MANN+HUMMEL
14.8. Others
