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PUBLISHER: Grand View Research | PRODUCT CODE: 1511810
PUBLISHER: Grand View Research | PRODUCT CODE: 1511810
Europe Automotive Collision Repair Market Size, Share & Trends Analysis Report By Vehicle (Light-duty, Heavy-duty), By Product (Consumables, Spare Parts), By Service Channels, By Country, And Segment Forecasts, 2024 - 2030
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Europe Automotive Collision Repair Market Growth & Trends:
The Europe automotive collision repair market size is anticipated to reach USD 89.45 billion by 2030 and is growing at a CAGR of 0.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to experience continued growth due to the rise in automobile insurance subscriptions and technological progressions in the automotive industry. The increasing incidence of road accidents and fatalities drives the market. In addition, a significant driver of market expansion is the availability of Do-It-Yourself (DIY) kits offered by numerous automobile retailers, catering to consumers who opt to repair their vehicles independently.
The prevalence of road accidents and collisions across Europe is a significant driver of demand for collision repair services. With millions of vehicles on the roads, accidents are inevitable, leading to a constant need for repair services to restore damaged vehicles to their pre-accident condition. Factors such as varying road conditions, traffic congestion, and diverse driving behaviors contribute to the frequency and severity of accidents, creating a steady demand for collision repair services throughout Europe.
Furthermore, economic factors such as GDP growth, consumer spending, and insurance trends also impact the demand for collision repair services in Europe. Economic downturns or fluctuations in consumer confidence may lead to reduced spending on automotive repairs and maintenance, affecting the volume of business for collision repair shops. Conversely, growth in vehicle ownership, increased miles driven, and changes in insurance coverage policies drive demand for collision repair services, presenting opportunities for growth and expansion within the market.
Europe Automotive Collision Repair Market Report Highlights:
- Based on vehicle, light-duty vehicle held the highest market share of 80.76% and is the fastest growing segment in 2023. Advancements in technology, such as improved fuel efficiency and enhanced safety features, have contributed to the increasing popularity of this segment
- Based on product, spare parts held the highest market in the forecast period. An increase in road accidents leads to vehicle parts damage, eventually increasing the demand for spare parts. Paints & coatings is the fastest growing segment. Roadside accidents are increasing the demand for paints and coating materials
- Based on service channel OE (handled by OEM's) held the highest market share in the forecasted period. The expansion of vehicle leasing and subscription models, particularly in urban areas, has boosted the demand for OEM service channels, as leasing companies and fleet operators prioritize authorized servicing to maintain vehicle value, reliability, and safety
- DIY (Do It Yourself) is the fastest-growing service channel segment. The availability of affordable and high-quality aftermarket parts and tools and an increase in DIY-friendly vehicle designs that prioritize accessibility and user-friendliness have further led to the growth of this segment
- In December 2022, Axalta collaborated with Steer Automotive Group. Axalta is supplying its high-quality refinish brand, Standox, to all 57 UK sites of Steer Automotive Group for automotive applications. This collaboration was designed to improve operational efficiency and achieve shared success, highlighting Axalta's dedication to delivering top-notch solutions to support Steer Automotive Group's growth objectives both in the present and in the future
Product Code: GVR-4-68040-296-0
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Vehicle
- 1.2.2. Product
- 1.2.3. Service Channel
- 1.2.4. Country
- 1.2.5. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Information procurement
- 1.4.2. Information or data analysis
- 1.4.3. Market formulation & data visualization
- 1.4.4. Data validation & publishing
- 1.5. Research Scope and Assumptions
- 1.5.1. List of data sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Vehicle Outlook
- 2.2.2. Product Outlook
- 2.2.3. Service Channels Outlook
- 2.2.4. Country Outlook
- 2.3. Competitive Insights
Chapter 3. Europe Automotive Collision Repair Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Increasing incidence rate of road accidents
- 3.3.1.2. Growing number of vehicles on the road
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. Road safety regulations
- 3.3.3. Market Opportunity Analysis
- 3.3.3.1. Increasing emphasis on electric vehicles
- 3.3.1. Market Driver Analysis
- 3.4. Europe Automotive Collision Repair Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic landscape
- 3.4.2.3. Social landscape
- 3.4.2.4. Technological landscape
- 3.4.2.5. Environmental landscape
- 3.4.2.6. Legal landscape
- 3.4.1. Industry Analysis - Porter's
Chapter 4. Europe Automotive Collision Repair Market: Vehicle Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Europe Automotive Collision Repair Market: Vehicle Movement Analysis, 2023 & 2030 (USD Billion)
- 4.2.1. Light-duty Vehicle
- 4.2.1.1. Light-duty vehicle market estimates and forecasts 2017 - 2030 (USD Billion)
- 4.2.2. Heavy-duty Vehicle
- 4.2.2.1. Heavy-duty vehicle market estimates and forecasts 2017 - 2030 (USD Billion)
- 4.2.1. Light-duty Vehicle
Chapter 5. Europe Automotive Collision Repair Market: Product Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Europe Automotive Collision Repair Market: Product Movement Analysis, 2023 & 2030 (USD Billion)
- 5.2.1. Paints & Coatings
- 5.2.1.1. Paints & coatings market estimates and forecasts 2017 - 2030 (USD Billion)
- 5.2.2. Consumables
- 5.2.2.1. Consumables market estimates and forecasts 2017 - 2030 (USD Billion)
- 5.2.3. Spare Parts
- 5.2.3.1. Spare parts market estimates and forecasts 2017 - 2030 (USD Billion)
- 5.2.1. Paints & Coatings
Chapter 6. Europe Automotive Collision Repair Market: Service Channels Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Automotive Collision Repair Market: Service Channels Movement Analysis, 2023 & 2030 (USD Billion)
- 6.2.1. DIY (Do It Yourself)
- 6.2.1.1. DIY (Do it yourself) market estimates and forecasts 2017 - 2030 (USD Billion)
- 6.2.2. DIFM (Do It For Me)
- 6.2.2.1. DIFM (Do it for me) market estimates and forecasts 2017 - 2030 (USD Billion)
- 6.2.3. OE (handled by OEM's)
- 6.2.3.1. OE (handled by OEM's) market estimates and forecasts 2017 - 2030 (USD Billion)
- 6.2.1. DIY (Do It Yourself)
Chapter 7. Europe Automotive Collision Repair Market: Country Estimates & Trend Analysis
- 7.1. Europe Automotive Collision Repair Market Share, By Country, 2023 & 2030 (USD Billion)
- 7.2. Germany
- 7.2.1. Germany automotive collision repair market estimates and forecasts, 2017 - 2030 (USD Billion)
- 7.3. UK
- 7.3.1. UK automotive collision repair market estimates and forecasts 2017 - 2030 (USD Billion)
- 7.4. France
- 7.4.1. France automotive collision repair market estimates and forecasts 2017 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping
- 8.5.1.1. Expansion
- 8.5.1.2. Mergers & acquisition
- 8.5.1.3. Partnerships & collaborations
- 8.5.1.4. New product launches
- 8.5.1.5. Research and development
- 8.6. Company Profiles
- 8.6.1. 3M Company
- 8.6.1.1. Company overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Strategic initiatives
- 8.6.2. Automotive Technology Products LLC
- 8.6.2.1. Company overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Strategic initiatives
- 8.6.3. Continental AG
- 8.6.3.1. Company overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Strategic initiatives
- 8.6.4. Denso Corporation
- 8.6.4.1. Company overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Strategic initiatives
- 8.6.5. Faurecia (Groupe PSA)
- 8.6.5.1. Company overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Strategic initiatives
- 8.6.6. Honeywell International, Inc.
- 8.6.6.1. Company overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Strategic initiatives
- 8.6.7. International Automotive Components (IAC) Group
- 8.6.7.1. Company overview
- 8.6.7.2. Financial performance
- 8.6.7.3. Product benchmarking
- 8.6.7.4. Strategic initiatives
- 8.6.8. Magna International, Inc.
- 8.6.8.1. Company overview
- 8.6.8.2. Financial performance
- 8.6.8.3. Product benchmarking
- 8.6.8.4. Strategic initiatives
- 8.6.9. Robert Bosch GmbH
- 8.6.9.1. Company overview
- 8.6.9.2. Financial performance
- 8.6.9.3. Product benchmarking
- 8.6.9.4. Strategic initiatives
- 8.6.10. Tenneco, Inc.
- 8.6.10.1. Company overview
- 8.6.10.2. Financial performance
- 8.6.10.3. Product benchmarking
- 8.6.10.4. Strategic initiatives
- 8.6.1. 3M Company
Product Code: GVR-4-68040-296-0
List of Tables
- Table 1 List of abbreviation
- Table 2 Europe automotive collision repair market by country, 2017 - 2030 (USD Billion)
- Table 3 Europe automotive collision repair market by vehicle, 2017 - 2030 (USD Billion)
- Table 4 Europe automotive collision repair market by product, 2017 - 2030 (USD Billion)
- Table 5 Europe automotive collision repair market by service channels, 2017 - 2030 (USD Billion)
- Table 6 Germany automotive collision repair market by vehicle, 2017 - 2030 (USD Billion)
- Table 7 Germany automotive collision repair market by product, 2017 - 2030 (USD Billion)
- Table 8 Germany automotive collision repair market by service channels, 2017 - 2030 (USD Billion)
- Table 9 UK automotive collision repair market by vehicle, 2017 - 2030 (USD Billion)
- Table 10 UK automotive collision repair market by product, 2017 - 2030 (USD Billion)
- Table 11 UK automotive collision repair market by service channels, 2017 - 2030 (USD Billion)
- Table 12 France automotive collision repair market by vehicle, 2017 - 2030 (USD Billion)
- Table 13 France automotive collision repair market by product, 2017 - 2030 (USD Billion)
- Table 14 France automotive collision repair market by service channels, 2017 - 2030 (USD Billion)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Europe automotive collision repair market segmentation
- Fig. 3 Automotive collision repair market landscape
- Fig. 4 Information procurement
- Fig. 5 Data analysis models
- Fig. 6 Market formulation and validation
- Fig. 7 Data validating & publishing
- Fig. 8 Market snapshot
- Fig. 9 Segment snapshot (1/2)
- Fig. 10 Segment snapshot (1/2)
- Fig. 11 Competitive landscape snapshot
- Fig. 12 Parent market outlook
- Fig. 13 Europe automotive collision repair market: Industry value chain analysis
- Fig. 14 Europe automotive collision repair market: Market dynamics
- Fig. 15 Europe automotive collision repair market: PORTER's analysis
- Fig. 16 Europe automotive collision repair market: PESTEL analysis
- Fig. 17 Europe automotive collision repair market: Vehicle movement analysis
- Fig. 18 Europe automotive collision repair market: Vehicle outlook and key takeaways
- Fig. 19 Light-duty vehicle market estimates and forecast, 2017 - 2030 (USD Billion)
- Fig. 20 Heavy-duty vehicle estimates and forecast, 2017 - 2030 (USD Billion)
- Fig. 21 Europe automotive collision repair market: Product movement analysis
- Fig. 22 Europe automotive collision repair market: Product outlook and key takeaways
- Fig. 23 Paints & coatings market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 24 Consumables market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 25 Spare parts market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 26 Europe automotive collision repair market: Service channels movement analysis
- Fig. 27 Europe automotive collision repair market: Service channels outlook and key takeaways
- Fig. 28 DIY (Do it yourself) market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 29 DIFM (Do it for me) estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 30 OE (handled by OEM's) estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 31 Germany automotive collision repair market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 32 UK automotive collision repair market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 33 France automotive collision repair market estimates and forecasts, 2017 - 2030 (USD Billion)
- Fig. 34 Key company categorization
- Fig. 35 Company market positioning
- Fig. 36 Strategic framework
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