The Global Collision Repair Market was worth USD 181.52 billion in 2019 and is estimated USD 237.19 billion by 2027, at a CAGR of 3.4 % during the projected period. Advanced tools and technology growth in automotive collision repair products will enhance the market request. Road traffic injuries are the foremost reasons for increasing human fatalities amidst rapid and increased motorization and transportation for the swelling population. The lack of severe safety measures and applicable guidelines in developing economies contributes to increasing accidents, boosting collision repair market growth.
The negligence in road safety and non-adherence to the traffic rules are the triggers for this market. Furthermore, natural calamities and spurt in road accidents leading to the vehicle's damage activate the growth. Another factor driving business sector development is the quick progression of paints and coatings innovation, which adapts with the protective automobile materials and provides a neat appearance to the automobile. However, the harmful environmental effects of the use of cheap synthetic layer and refinishing materials hamper the market growth to a certain extent. The surge in hybrid and electric vehicles and growth in driverless cars also intensify the automotive collision market's growth. The growing sales and the aging of vehicles globally ratify the continuous development of this market.
Global Collision Repair Market – Overview
Automotive collision repair services include denting,
replacement, painting, refurbishment, and repairs. Vehicle insurance companies
finance collision repairs for vehicles based on insurance coverage claims for
vehicle collisions in most of the cases. Some workshops collaborate with
insurance firms to help the customers propose vehicle collision repair services
and estimate their cost. Apart from this, numerous local vendors and
company-owned repair shops provide automotive collision repair estimates to the
The rising cases of road collisions due to rash driving or driving under the influence of alcohol may accelerate the market request over the prediction timespan. Moreover, the rising incidence of natural tragedies, riots, and traffic jams are likely to damage vehicles, thereby leading to the need for damaged vehicles' repair services.
for Electric and Hybrid vehicles
Rising sales of electric and hybrid vehicles, including conventional cars and other vehicles, has resulted in customized spare parts, boosting the repair services on offer by the OEM segment. OEMs have advanced service outlets to provide their services and branded auto parts through their several departments. The current rising demand for electric and hybrid vehicles is likely to improve the market for the particular gears and spare parts used in such vehicles, ensuring market development in forthcoming years. Private equity in automotive collision repair companies and workshops are likely to appeal to the investors and lead to future market growth.
Growing accident rates in
heavy commercial and other vehicles drive the request for collision repair
services and parts. Also, Inadequate maintenance of the vehicles causes the collapse of parts leading to the accidents. Moreover, growing requirements for refurbishment,
corrosion coatings, paint elimination, and extensive body repairs are estimated
to increase market penetration.
Global Collision Repair Market: Segmentation
According to workshop type, the market can be divided into two viz., independent collision repair shops and dealer-affiliated workshop. The independent collision repair shops will witness steady growth with economic repairing services. Many large fleet consumers prefer independent repair shops to dealer-based shops owing to low service costs. Moreover, independent collision repair shop owners offer warranties for various parts and other advantages related to suppliers and their associations to escalate sales.
The Passenger vehicle segment dominates the industry based on vehicle type due to rising road traffic in the developing economies. Besides, vehicle repair centers' strong presence offering restoration and refurbishment services will spur the segment size. Besides, insurance providers' supportive accident claim services and vehicle insurance policies are significant drivers for this market segment.
Based on region, Global Collision Repair Market is segmented by
key regions— North America, Europe, Asia Pacific, Latin America, and the Middle
East & Africa.
Global Collision Repair Market: Regional Insights
Among regions, Europe captured the highest share for the global
market in 2017. The primary drivers in the area were high demand for luxury
automobiles, flourishing demand for driverless cars, and stringent government
regulations concerning vehicular and road safety. Electric and hybrid car sales
are on the rise, reassuring constant repair requests during the prediction
The increasing number of vehicle sales is a notable and
essential development in the Asia Pacific. An increase in accidents due to a
lack of strict driving rules in the region further adds to the market's
advancement. The Asia Pacific is the preferred destination for local
organizations and multinationals who aim to supply low-cost mechanisms to
The major players in this market are Denso Corporation,
Continental AG, 3M, Honeywell International, Inc., DuPont, BASF, Johnson
Controls, Inc., ZF Friedrichshafen, Robert Bosch GmbH, Federal-Mogul LLC, Automotive
Technology Products LLC, Caliber Collision and Henkel AG&Co., KGaA.
Scope of the Report
Historical data – 2016-2019
Base Year – 2019
Forecast – 2020 – 2026
Revenue in USD Million
Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South
Korea, China, India, South Korea UAE, South Africa, Saudi Arabia.
By workshop type, By vehicle the segment, By Region
Denso Corporation, Continental AG, 3M, Honeywell
International, Inc., DuPont, BASF, Johnson Controls, Inc., ZF
Friedrichshafen, Robert Bosch GmbH, Federal-Mogul LLC, Automotive Technology
Products LLC, Caliber Collision and Henkel AG&Co., KGaA
By Service Type
By Workshop Type
Ø Authorized Garage
Ø Independent Garage
By Vehicle Type
Ø Light Commercial Vehicle
Ø Passenger Vehicle
Ø Heavy Commercial Vehicle
Ø North America
Ø Asia Pacific
Ø South America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and project the Global Collision Repair Market size
in terms of value.
Ø To examine the region-wise segmentation of the Global Collision
Repair Market and assess the market size in terms of value for each region
viz., North America, Europe, Asia Pacific, Middle East & Africa, Latin
America, and their leading countries.
Ø To outline, segregate and estimate the Global Collision Repair Market-based on different classifications, i.e., By workshop type, By vehicle segment, By Region.
Ø To scrutinize category-wise competitive developments in the
Global Collision Repair Market based on By workshop type, By vehicle segment, By Region.
Ø To interpret the current market dynamics by analyzing the growth
drivers, restraints, opportunities, and challenges and their impact.
Ø To provide a detailed competitive landscape, including major
players, strategic profiles, and market shares.
Business Questions Answered by the Report
Ø How will the market drivers, restraints, and opportunities
affect the market dynamics?
Ø What will be the market size in terms of value and volume and
market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will
be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it
affect the existing and new players?
Customization Scope for the Client
Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per the client’s specific needs. The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis