Market Overview:
The global vehicle collision repair market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. On the basis of type, paints & coatings segment is expected to account for a major share of the global vehicle collision repair market during the forecast period. This can be attributed to rising demand for high-quality paints & coatings products from automotive OEMs and repairers worldwide. The consumables segment is also anticipated to witness significant growth during the forecast period owing to increasing demand for replacement parts and accessories in automotive collision repair shops. On the basis of application, passenger vehicle segment is expected dominate the global vehicle collision repair market throughoutthe forecast period. This can be ascribedto growing popularityof passenger carsamong consumers across different regions worldwide.
Product Definition:
Vehicle collision repair is the process of repairing or restoring a vehicle that has been in a collision. The importance of this type of repair is that it helps to restore the vehicle to its pre-collision condition. This can help improve the safety and function of the vehicle, as well as its appearance.
Paints & Coatings:
Paints and coatings are used for various applications in the automotive industry. The paints and coatings market is expected to witness significant growth over the forecast period owing to increasing demand from collision repair centers, refinishing, DIY (Do-It-Yourself), and other end users. Paints & coatings have a wide range of applications such as body shop facilities, collision repair centers, do it yourself (DIY), fleet services/automotive dealerships among others.
Consumables:
Consumables are the materials or devices that are used in a specific procedure or operation. The automotive industry uses various consumables in vehicle collision repair such as adhesives, sealants, coatings and lubricants among others. These products have limited shelf life and need to be replaced after certain period of time for using it again for the same procedure/operation.
Application Insights:
The global vehicle collision repair market by application is segmented into passenger vehicle and commercial vehicle. The commercial vehicles include trucks, buses, coaches and lorries. In 2017, the commercial vehicles segment dominated the overall industry with a revenue share of over 60%. This can be attributed to the rising number of road accidents involving these types of vehicles across various regions. For instance, as per an article published by National Safety Council (NSC), in 2017 around 5 million people were injured and 3 million died in road accidents globally which was a rise of 9% from 2016. Also according to NSC around 2 billion hours are spent each year repairing damage caused by crashes on roads globally which amounts to nearly USD 40 billion annually.
Regional Analysis:
Asia Pacific is estimated to be the fastest-growing region over the forecast period. The growth can be attributed to increasing sales of passenger and commercial vehicles in countries such as China, India, Japan, and South Korea. According to OICA, Asia Pacific accounted for a share of 36% in 2017 on account of vehicle production exceeding that of North America by 3 million units. Moreover, rising disposable income coupled with consumer preference for high performance luxury cars is expected to drive demand further over the coming years.
The market in Europe was valued at USD X billion in 2017 owing to growing automotive industry supported by stringent regulations regarding road safety coupled with increasing penetration of insurance companies offering comprehensive coverage for damage caused due to vehicular collision across various countries including Germany, France Italy Spain and others are anticipated boost growth during the forecast period.
Growth Factors:
- Increasing demand for vehicles: The global vehicle production is expected to grow at a CAGR of 3.5% during the forecast period, owing to the increasing demand for passenger cars and commercial vehicles. This will result in an increase in the number of accidents, which will subsequently drive the demand for vehicle collision repair services.
- Rising awareness about safety features: The increasing awareness about safety features in automobiles is resulting in a decline in road accidents and fatalities across the globe. This is propelling automakers to install more advanced safety systems such as airbags, seatbelts, anti-lock braking systems (ABS), electronic stability control (ESC), and pedestrian detection systems into their vehicles, thereby driving the growth of the vehicle collision repair market.
- Technological advancements: Vehicle collision repair services are witnessing rapid advancements with respect to technology adoption such as 3D printing and robotics automation that are helping service providers reduce turnaround time and improve efficiency levels significantly while reducing costs associated with labor expenses incurred during repairs/replacements procedures .This is further propelling market growth over the forecast period . 4) Growing automotive aftermarket industry: The global automotive aftermarket industry was valued at USD 1 trillion in 2017and itis projectedto reachUSD 1.5 trillion by 2025at a CAGRof 5%.The growing automotive aftermarketindustry providesa major opportunityforvehiclecollisionrepairserviceproviders toraiseawarenessabouttheirexpertiseservices
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Collision Repair Market Research Report
By Type
Paints & Coatings, Consumables, Spare Parts
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Valeo, Magna, Denso, PPG Industries, Hyundai Mobis, Axalta, Bosch, Aisin Seiki, BASF, M, Faurecia, Nippon Paint, Akzonobel, Plastic Omnium, ZF, DowDuPont, HBPO, Kansai
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Collision Repair Market Report Segments:
The global Vehicle Collision Repair market is segmented on the basis of:
Types
Paints & Coatings, Consumables, Spare Parts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Valeo
- Magna
- Denso
- PPG Industries
- Hyundai Mobis
- Axalta
- Bosch
- Aisin Seiki
- BASF
- M
- Faurecia
- Nippon Paint
- Akzonobel
- Plastic Omnium
- ZF
- DowDuPont
- HBPO
- Kansai
Highlights of The Vehicle Collision Repair Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Paints & Coatings
- Consumables
- Spare Parts
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle Collision Repair Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vehicle collision repair is the process of repairing damage to a vehicle that has been caused by another vehicle. This can include everything from fixing dents and scratches to replacing parts that have been damaged in a crash. Vehicle collision repair is typically done by professionals who are familiar with the specific types of repairs that need to be made.
Some of the major companies in the vehicle collision repair market are Valeo, Magna, Denso, PPG Industries, Hyundai Mobis, Axalta, Bosch, Aisin Seiki, BASF, M, Faurecia, Nippon Paint, Akzonobel, Plastic Omnium, ZF, DowDuPont, HBPO, Kansai.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Collision Repair Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Collision Repair Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Collision Repair Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Collision Repair Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Collision Repair Market Size & Forecast, 2020-2028
4.5.1 Vehicle Collision Repair Market Size and Y-o-Y Growth
4.5.2 Vehicle Collision Repair Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Paints & Coatings
5.2.2 Consumables
5.2.3 Spare Parts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Collision Repair Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Collision Repair Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Paints & Coatings
9.6.2 Consumables
9.6.3 Spare Parts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Paints & Coatings
10.6.2 Consumables
10.6.3 Spare Parts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Paints & Coatings
11.6.2 Consumables
11.6.3 Spare Parts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Paints & Coatings
12.6.2 Consumables
12.6.3 Spare Parts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Paints & Coatings
13.6.2 Consumables
13.6.3 Spare Parts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Collision Repair Market: Competitive Dashboard
14.2 Global Vehicle Collision Repair Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Valeo
14.3.2 Magna
14.3.3 Denso
14.3.4 PPG Industries
14.3.5 Hyundai Mobis
14.3.6 Axalta
14.3.7 Bosch
14.3.8 Aisin Seiki
14.3.9 BASF
14.3.10 M
14.3.11 Faurecia
14.3.12 Nippon Paint
14.3.13 Akzonobel
14.3.14 Plastic Omnium
14.3.15 ZF
14.3.16 DowDuPont
14.3.17 HBPO
14.3.18 Kansai
