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Global Automotive Collision Repair Market Share, Size, Growth, Report, Analysis, Forecast: By Product Type: Paints and Coatings, Consumables, Spare Parts, Others; By Vehicle Type: Heavy-duty Vehicle, Light-duty Vehicle; By Service Channel: DIY, OE, DIFM, Others; Regional Analysis; Market Dynamics: Competitive Landscape; 2023-2028
Global Automotive Collision Repair Market Outlook
The global automotive collision repair market size reached nearly USD 188.8 billion in 2022. The market is projected to grow at a CAGR of 2.20% between 2023 and 2028 to attain a value of around USD 215.13 billion by 2028.
Key Trends in the Market
Automotive collision repair refers to a process of restoring and repairing the damages inflicted on an automobile due to a collision. An automotive collision repair procedure is performed by skilled automotive technicians and can include different processes such as painting, replacing automotive body parts, or refinishing a component.
- The growing ownership of passenger and commercial vehicles is driving the automotive collision repair market growth. Rapid urbanisation and increasing disposable income are also enabling the emerging middle-class population to spend more on vehicle maintenance.
- Increasing prevalence of road accidents amid growing traffic congestion, especially in emerging economies, has been surging the demand for automotive collision repair services to reduce the risk of further damages.
- Rapid emergence of the DIY sector, owing to the expanding knowledge base of car owners, and the growing accessibility to accessories such as paint sprayers, lightings, fillers, and sanding tools, among others, are some of the factors bolstering the growth of automotive collision repair market.
- The impact of 3D printing technology on auto body repair has been significant in reducing pollution and landfill waste associated with damaged parts. Moreover, the development of innovative 3D printing materials that are compatible with automotive grade injection moulded plastics and can be welded directly on headlight and bumper bases is anticipated to aid the market in the forecast period.
Market Analysis
Based on product type, the market is segmented into paints and coatings, consumables, and spare parts, among others. On the basis of vehicle type, the market is classified into heavy-duty vehicle and light-duty vehicle. By service channel, the market is divided into DIY, OE, and DIFM, among others. The regional markets of automotive collision repair include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global automotive collision repair market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- 3M Company
- Denso Corporation.
- Honeywell International Inc
- Continental AG
- Robert Bosch GmbH
- Faurecia Group.
- Automotive Technology Inc.
- Caliber Holdings LLC
- Others
Market Share by Product Type
The paints and coatings segment, based on product type, accounts for a healthy share of the automotive collision repair market. The emergence of protective coating technology, along with rising attempts to boost aesthetics of cars by owners, is generating considerable demand for high-quality paints and coatings.
In addition, automobiles are susceptible to rocks, debris, mud and low intensity collisions, which can cause scratches and abrasions and hamper their performance. This is increasing the demand for paints and coatings that can hide rust and scratches on vehicles and prevent their structural damage. Moreover, technological advancements in paints and coatings technology, such as the development of self-cleaning and smart paints, are expected to propel the segment growth in the coming years.
Market Share by Region
Europe is expected to be a fast-growing region in the automotive collision repair market, owing to the high vehicle ownership among the affluent population in countries like Germany and the UK. Rising demand for advanced safety features, induced by the growing awareness regarding road accidents, is further favouring the demand for automotive collision repair solutions.
Meanwhile, the Asia Pacific is expected to offer lucrative growth opportunities to the overall market for automotive collision repair in the forecast period, due to the strong foothold of OEMs across emerging economies such as India and China, rising population levels, and increasing numbers of cars on roads.
Competitive Landscape
3M Company is a multinational conglomerate operating in diverse industries such as healthcare, home care, and consumer goods, among others. It was founded in 1902 and is headquartered in Minnesota, the United States.
Denso Corporation. is a leading automotive manufacturer providing expertise related to various automotive products such as engines, climate control systems, and hybrid systems, among others. The company was established in 1949 and is headquartered in Aichi, Japan.
Honeywell International Inc is a publicly traded multinational conglomerate corporation founded in 1906 and headquartered in North Carolina, the United States. The company provides advanced engineered technologies catering to the demands of various end use sectors, such as performance materials and aerospace.
Other market players include Continental AG, Robert Bosch GmbH, Faurecia Group., Automotive Technology Inc., and Caliber Holdings LLC, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Service Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Collision Repair Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Collision Repair Historical Market (2018-2022)
8.3 Global Automotive Collision Repair Market Forecast (2023-2028)
8.4 Global Automotive Collision Repair Market by Product Type
8.4.1 Paints and Coatings
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Consumables
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Spare Parts
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Automotive Collision Repair Market by Vehicle Type
8.5.1 Heavy-duty Vehicle
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Light-duty Vehicle
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Automotive Collision Repair Market by Service Channel
8.6.1 DIY
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 OE
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 DIFM
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Automotive Collision Repair Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Automotive Collision Repair Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automotive Collision Repair Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Collision Repair Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Collision Repair Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Collision Repair Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 3M Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Denso Corporation.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Honeywell International Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Continental AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Robert Bosch GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Faurecia Group.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Automotive Technology Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Caliber Holdings LLC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Collision Repair Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Collision Repair Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Automotive Collision Repair Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Automotive Collision Repair Historical Market: Breakup by Material Type (USD Billion), 2018-2022
5. Global Automotive Collision Repair Market Forecast: Breakup by Material Type (USD Billion), 2023-2028
6. Global Automotive Collision Repair Historical Market: Breakup by Service Channel (USD Billion), 2018-2022
7. Global Automotive Collision Repair Market Forecast: Breakup by Service Channel (USD Billion), 2023-2028
8. Global Automotive Collision Repair Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Automotive Collision Repair Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Automotive Collision Repair Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Automotive Collision Repair Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Automotive Collision Repair Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Automotive Collision Repair Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Automotive Collision Repair Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Automotive Collision Repair Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Automotive Collision Repair Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Automotive Collision Repair Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Automotive Collision Repair Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Automotive Collision Repair Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Automotive Collision Repair Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 188.8 billion in 2022.
The market is estimated to grow at a CAGR of 2.20% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 215.13 billion by 2028.
The growing adoption of passenger and commercial vehicles, rapid urbanisation and increasing disposable incomes, and the increasing spending on vehicle maintenance are the major drivers of the market.
The key trends in the market include the emergence of 3D printing technology, the increasing prevalence of road accidents, the growing interest in DIY auto repair due to the rising accessibility to automotive components, spare parts, and paint sprayers.
Paints and coatings, consumables, and spare parts, among others, are the different product types in the market.
Heavy-duty vehicle and light-duty vehicle are the major vehicle types included in the market report.
Auto repair aims at fixing the internal components of a vehicle such as engine and carbonator while auto body fixers aim at improving the condition of frames, and windows, among other external automotive components.
During an automotive collision, two automobiles hit each other with force, leading to low or high intensity internal and external damage to both vehicles.
3M Company, Denso Corporation., Honeywell International Inc, Continental AG, Robert Bosch GmbH, Faurecia Group., Automotive Technology Inc., and Caliber Holdings LLC, among others, are the key automotive collision repair market players, according to the report.
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