PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608237
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1608237
Automotive Collision Repair Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Market Overview
The global automotive collision repair market is projected to generate $200.8 billion in revenue in 2024, with an anticipated compound annual growth rate (CAGR) of 2.0% from 2024 to 2030, reaching $226.3 billion by 2030. This growth is driven by the increasing number of vehicles on the road, leading to a higher incidence of accidents and collisions, which in turn boosts the demand for repair services. Technological advancements, such as the adoption of 3D printing for parts creation and the use of high-strength materials, are enhancing the quality and efficiency of repair processes. Additionally, there is a growing emphasis on sustainability, with the incorporation of eco-friendly materials like bio-based plastics and recycled aluminum, aimed at reducing the environmental impact of the industry.
Key Insights
The spare parts category is expected to dominate the market, driven by the continuous need for replacement components in collision repair services.
The Asia-Pacific region holds the largest market share and is also the fastest-growing region, attributed to the increasing vehicle ownership and expanding automotive industry in countries like China and India.
Technological advancements, including the integration of advanced driver-assistance systems (ADAS) and the use of augmented reality (AR) and virtual reality (VR) in repair processes, are enhancing diagnostic accuracy and repair efficiency.
The market is fragmented, with numerous players focusing on technological innovations and strategic partnerships to gain a competitive edge.
The growing emphasis on sustainability is leading to the adoption of eco-friendly materials and practices in collision repair, aligning with global environmental goals.
The increasing complexity of modern vehicles necessitates specialized repair services, driving demand for skilled technicians and advanced repair technologies.
Insurance companies are playing a significant role in shaping the market, as they often influence repair costs and standards through their policies and partnerships with repair shops.
The rise of electric vehicles (EVs) presents new challenges and opportunities in collision repair, requiring specialized knowledge and equipment to handle high-voltage systems and unique materials.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by product
- 1.4.2. Market size breakdown, by service
- 1.4.3. Market size breakdown, by vehicle type
- 1.4.4. Market size breakdown, by repair type
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Product (2019-2030)
- 6.3. Market Revenue, by Service (2019-2030)
- 6.4. Market Revenue, by Vehicle Type (2019-2030)
- 6.5. Market Revenue, by Repair Type (2019-2030)
- 6.6. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Product (2019-2030)
- 7.3. Market Revenue, by Service (2019-2030)
- 7.4. Market Revenue, by Vehicle Type (2019-2030)
- 7.5. Market Revenue, by Repair Type (2019-2030)
- 7.6. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Product (2019-2030)
- 8.3. Market Revenue, by Service (2019-2030)
- 8.4. Market Revenue, by Vehicle Type (2019-2030)
- 8.5. Market Revenue, by Repair Type (2019-2030)
- 8.6. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Product (2019-2030)
- 9.3. Market Revenue, by Service (2019-2030)
- 9.4. Market Revenue, by Vehicle Type (2019-2030)
- 9.5. Market Revenue, by Repair Type (2019-2030)
- 9.6. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Product (2019-2030)
- 10.3. Market Revenue, by Service (2019-2030)
- 10.4. Market Revenue, by Vehicle Type (2019-2030)
- 10.5. Market Revenue, by Repair Type (2019-2030)
- 10.6. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Product (2019-2030)
- 11.3. Market Revenue, by Service (2019-2030)
- 11.4. Market Revenue, by Vehicle Type (2019-2030)
- 11.5. Market Revenue, by Repair Type (2019-2030)
- 11.6. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Product (2019-2030)
- 12.3. Market Revenue, by Service (2019-2030)
- 12.4. Market Revenue, by Vehicle Type (2019-2030)
- 12.5. Market Revenue, by Repair Type (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Product (2019-2030)
- 13.3. Market Revenue, by Service (2019-2030)
- 13.4. Market Revenue, by Vehicle Type (2019-2030)
- 13.5. Market Revenue, by Repair Type (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Product (2019-2030)
- 14.3. Market Revenue, by Service (2019-2030)
- 14.4. Market Revenue, by Vehicle Type (2019-2030)
- 14.5. Market Revenue, by Repair Type (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Product (2019-2030)
- 15.3. Market Revenue, by Service (2019-2030)
- 15.4. Market Revenue, by Vehicle Type (2019-2030)
- 15.5. Market Revenue, by Repair Type (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Product (2019-2030)
- 16.3. Market Revenue, by Service (2019-2030)
- 16.4. Market Revenue, by Vehicle Type (2019-2030)
- 16.5. Market Revenue, by Repair Type (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Product (2019-2030)
- 17.3. Market Revenue, by Service (2019-2030)
- 17.4. Market Revenue, by Vehicle Type (2019-2030)
- 17.5. Market Revenue, by Repair Type (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Product (2019-2030)
- 18.3. Market Revenue, by Service (2019-2030)
- 18.4. Market Revenue, by Vehicle Type (2019-2030)
- 18.5. Market Revenue, by Repair Type (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Product (2019-2030)
- 19.3. Market Revenue, by Service (2019-2030)
- 19.4. Market Revenue, by Vehicle Type (2019-2030)
- 19.5. Market Revenue, by Repair Type (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Product (2019-2030)
- 20.3. Market Revenue, by Service (2019-2030)
- 20.4. Market Revenue, by Vehicle Type (2019-2030)
- 20.5. Market Revenue, by Repair Type (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Product (2019-2030)
- 21.3. Market Revenue, by Service (2019-2030)
- 21.4. Market Revenue, by Vehicle Type (2019-2030)
- 21.5. Market Revenue, by Repair Type (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Product (2019-2030)
- 22.3. Market Revenue, by Service (2019-2030)
- 22.4. Market Revenue, by Vehicle Type (2019-2030)
- 22.5. Market Revenue, by Repair Type (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Product (2019-2030)
- 23.3. Market Revenue, by Service (2019-2030)
- 23.4. Market Revenue, by Vehicle Type (2019-2030)
- 23.5. Market Revenue, by Repair Type (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Product (2019-2030)
- 24.3. Market Revenue, by Service (2019-2030)
- 24.4. Market Revenue, by Vehicle Type (2019-2030)
- 24.5. Market Revenue, by Repair Type (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Product (2019-2030)
- 25.3. Market Revenue, by Service (2019-2030)
- 25.4. Market Revenue, by Vehicle Type (2019-2030)
- 25.5. Market Revenue, by Repair Type (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Product (2019-2030)
- 26.3. Market Revenue, by Service (2019-2030)
- 26.4. Market Revenue, by Vehicle Type (2019-2030)
- 26.5. Market Revenue, by Repair Type (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Product (2019-2030)
- 27.3. Market Revenue, by Service (2019-2030)
- 27.4. Market Revenue, by Vehicle Type (2019-2030)
- 27.5. Market Revenue, by Repair Type (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Product (2019-2030)
- 28.3. Market Revenue, by Service (2019-2030)
- 28.4. Market Revenue, by Vehicle Type (2019-2030)
- 28.5. Market Revenue, by Repair Type (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. DENSO Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Minnesota Mining and Manufacturing Company
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Continental AG
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Honeywell International Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Johnson Controls Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Mitsuba Corporation
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Magna International Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. QPC Fiber Optic LLC
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Ace & Company Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. TE Connectivity Ltd.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Toshiba Corporation
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. X-BEAM Tech Co. Ltd.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
