Market Research Report
Automotive Collision Repair Market, by Product Type, by Vehicle Type, by Automotive Component Shop Type, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
|Automotive Collision Repair Market, by Product Type, by Vehicle Type, by Automotive Component Shop Type, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028|
Published: July 15, 2021
Coherent Market Insights
Content info: 120 Pages
Delivery time: 2-3 business days
Automotive collision repairing service provider performs structural and cosmetic repair of cars and trucks. The road accidents of automotive vehicles lead to the collision of automotive body parts, such as bumpers, glass windows, headlights, and doors, which leads to the dents and scratches on the body of the automotive vehicle that creates the need for automotive collision.
An increasing number of safety regulations and traffic rules for maintaining the automotive vehicle in a good condition, is propelling the demand of the global automotive collision repair market. Safety traffic rules and regulations mandate the proper functioning of the automotive vehicle, to ensure road safety, which ill compels consumers to repair their automotive vehicles. For instance, European Union has implemented regulation number 715/2007 that establishes a requirement for type approval of motor vehicle and replacement parts, with reference to vehicle emission, and implemented rules for the proper functioning of on-board diagnostic systems, pollution control devices, measurement of fuel consumption of a vehicle, and accessibility for the repairing and maintenance information of the vehicle.
In addition, a compulsion to buy vehicle insurance, as stated by the regional transport authority, and the central government of several countries such as India, the U.S., UK, and the rising per capita income influence the people for the new vehicle purchase. Automotive vehicle insurance covers losses that may causes due to the collision to the vehicle, is further expected to boost the growth of the global automotive collision repair market. For instance, according to Organization for Economic Co-operation and Development, in the year 2020, the household disposable income of Canada was increased by 7.3%, which will motivate the people to purchase a new vehicle.
This report segments the global automotive collision repair market on the basis of product type, vehicle type, automotive component shop type, and region. On the basis of product type, global automotive collision repair market is segmented into parts and components, and paints and coatings. On the basis of vehicle type, the global automotive collision repair market is segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. On the basis of automotive component shop type, the global automotive collision repair market is segmented into authorized repair shops, and independent garage. On the basis of region, global automotive collision repair market is segmented into North America, Latin America, Europe, Asia pacific, Middle East, and Africa.
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