Automotive Collision Repair Market by Vehicle Type, Offering, Distribution

Description

List of Tables

[185 Pages Report] The Automotive Collision Repair Market size was estimated at USD 5.57 billion in 2023 and expected to reach USD 5.83 billion in 2024, at a CAGR 4.64% to reach USD 7.65 billion by 2030.

In the constantly growing automotive industry, collision repair remains a crucial aspect of vehicle maintenance and safety. Automotive collision repair refers to the processes and techniques employed by professionals to restore a damaged vehicle's structure, appearance, and functionality to pre-accident conditions. Automotive collision repair includes services such as body repair, painting, parts replacement, reconditioning, and customization for various vehicle segments. Key growth factors driving this market include the increasing number of on-road vehicles leading to higher traffic congestion and accidents. Additionally, the availability of automotive insurance plans create integrated service offerings that streamline claims processes while ensuring quality repairs. However, the automotive collision repair market faces challenges such as fluctuating raw material prices impacting profit margins, competition from unorganized sector players offering low-cost services, and skilled workforce shortages in advanced repair techniques. Market companies are adopting advanced technologies such as virtual reality (VR) and augmented reality (AR) to train technicians and speed up shop work to succeed in this competitive landscape. Moreover, ongoing technological advancements, such as the advent of 3D printing and nanotechnology in the automotive refurbishing process, create lucrative future opportunities for the global automotive collision repair market.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.57 billion
Estimated Year [2024]	USD 5.83 billion
Forecast Year [2030]	USD 7.65 billion
CAGR (%)	4.64%

Vehicle Type: Proliferating use of automotive collision repair services and products for commercial vehicles

Heavy-duty vehicles, such as trucks and buses, require specialized collision repair services owing to their size and complexity. These vehicles are essential for various industries, including transportation, construction, and logistics. The need-based preference for heavy-duty vehicle owners is to find repair centers that can accommodate large vehicles with specialized equipment and technicians trained in addressing issues, including frame damage, axle alignment, and suspension repair. The light-duty vehicle segment includes pickup trucks, minivans, crossover utility vehicles (CUVs), and sport utility vehicles (SUVs). These vehicles require efficient and cost-effective collision repair solutions as they cater to a broader consumer base. Common repairs for light-duty vehicles include bodywork-related repairs, such as dent removal or replacement of damaged exterior parts. Passenger vehicles comprise sedans, hatchbacks, convertibles, and coupes, which are primarily used for personal transportation. The need-based preference for these vehicle owners is to find repair centers and products that offer a balance of affordability, quality, and convenience. In addition, customer service and the availability of genuine parts play an essential role in their decision-making process.

Offering: Significance of maintaining structural integrity of vehicles with effective products and services

Automotive collision repair involves various parts and materials that are essential for repairing damaged vehicles used by professionals or customers themselves. Abrasives are essential in the automotive collision repair industry for surface preparation, leveling, and finishing. Common abrasives used in this segment are sanding discs, grinding wheels, and sandpaper. Adhesives and sealants such as epoxies, urethanes, acrylics, and silicones are crucial in bonding various components and ensuring proper sealing of joints during collision repair. Body fillers and glazes are used to repair dents or imperfections on vehicles' exterior surfaces, which provide smoothness by filling scratches or dings before painting or refinishing processes. Oil and lubricants are essential for proper vehicle functioning following collision repair to ensure smooth operation of engines, transmissions, and other components. Paints and coatings are critical in restoring vehicles' appearance after collision repairs, providing protection from corrosion and improving aesthetics. In addition, color match accuracy, durability, ease of application, and curing time are the factors influencing paint choices. Spare parts are an integral part of the repair process as they replace damaged or worn-out components post-collision. The decision to choose spare parts depends on factors including availability time, price considerations, and quality assurance levels. Tools and accessories are vital in efficiently executing collision repair tasks, including equipment such as spray guns, sanders, polishers, and paint booth systems.

Furthermore, in the automotive collision repair market, a wide range of specialized services are offered to restore vehicles damaged in accidents and collisions. These services ensure the structural integrity of the vehicle and enhance its aesthetic appearance and functionality. Body frame repair services focus on restoring the vehicle's body and frame to its original state, which involves straightening or replacing bent, twisted, or damaged parts using advanced tools and techniques such as computerized measuring systems, welding, and frame alignment machines. Electrical diagnostic services play a significant role in modern cars' performance and safety features. Automotive collision repair facilities offer diagnostic services to identify issues related to electrical components such as airbags, sensors, lights, batteries, alternators, and wiring harnesses resulting from an accident. Glass replacement and repair services, which majorly include windshield cracks repair, enhance visibility while driving. Insurance claims assistance services assist customers navigate through the lengthy claim process with ease. These services include preparing accurate damage estimates, coordinating with insurance adjusters, and ensuring timely repair completion to minimize the impact on customers' daily lives. Mechanical repairs service shops employ skilled technicians trained in repairing various components such as suspension, brakes, engines, and transmissions. These repairs ensure a safe and smooth driving experience after an accident. Paint refinishing services use state-of-the-art technologies such as computerized paint-matching systems and spray booths to achieve flawless finishes that match the original factory color, which is crucial in restoring the appearance of the vehicle. Towing & rental car services assist customers by providing towing services and rental cars while their vehicles are being repaired. This ensures minimal disruption for the customer as they wait for their car to be restored to its pre-accident condition.

Distribution: Preferences for high-quality repairs with cost efficiency

Dealer-owned shops are automotive collision repair facilities owned and operated by automobile dealerships. These shops specialize in providing repairs for specific makes and models of vehicles, using genuine parts manufactured by the automaker. Consumers preferring dealer-owned shops value the expertise provided by technicians explicitly trained for their vehicle's make, which ensures high-quality repairs and adherence to manufacturer standards. Independent repair shops operate outside of dealership networks and provide a wide range of services for various vehicle makes and models at competitive prices. These shops appeal to consumers requiring affordable alternatives without compromising on the quality of repairs. Original equipment manufacturers (OEMs) produce automotive components and repair products utilized by independent repair shops or customers for collision repairs. OEMs ensure the quality of their products by adhering to strict manufacturing standards set by the automakers. Consumers prefer OEM parts that assure the compatibility and performance of vehicles. Moreover, the growing availability of automotive collision repair products through offline and online sales channels has spurred the trend of DIY vehicle repairs.

Regional Insights

In the Americas, the automotive collision repair market is driven primarily by high vehicle ownership rates and an aging vehicle fleet. Insurance companies play an important role in this market as they facilitate access to quality repairs for their policyholders in the region. The rise in disposable incomes among consumers has led to an increase in premium cars on roads that require more expensive repairs after collisions, which is expected to drive further growth within the collision repair market of the region. The EMEA has been experiencing steady growth in its automotive collision repair market owing to an increase in sales of new vehicles across countries, including Germany, France, Italy, the UK, and Spain. In addition, the presence of the majority of market companies across Europe and the growth in road infrastructures across the Middle East and Africa have prompted repair shops to invest in up-to-date tools, equipment, and training for their technicians to provide efficient, high-quality repair services. Furthermore, APAC has been witnessing rapid growth in the automotive collision repair market owing to various factors such as urbanization, rising disposable income levels, and increasing vehicle ownership rates across countries, including China, India, Japan, and South Korea. The rise in the number of automotive aftermarket service vendors across the region is fueling the demand for global automotive collision repair in the APAC.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Collision Repair Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Collision Repair Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Collision Repair Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Abra Auto Body Repair by Driven Brands, Inc., Akzo Nobel N.V., APOLLO TYRES LTD., Axalta Coating Systems, LLC, BASF SE, Caliber Holdings LLC, Collision Repair Tools LLC, Compagnie de Saint-Gobain S.A., Continental AG, Crash Champions, LLC, Denso Corporation, DuPont de Nemours, Inc., FORVIA Faurecia, Gerber Collision & Glass, Henkel AG & Co. KGaA, Honeywell International Inc., Kansai Paint Co., Ltd., Keller Kustom Body & Paint, Martinrea International Inc., Mirka Ltd., MITSUBA Corporation, Mizzonis Auto Body, Nippon Paint Holdings Co., Ltd., Pirelli & C. S.p.A., PPG Industries, Inc., ProColor Collision USA LLC, Repairify, Inc., Robert Bosch GmbH, Solvay S.A., Tenneco Inc., Valeo SA, Valspar Automotive by Sherwin-Williams Company, and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Collision Repair Market to forecast the revenues and analyze trends in each of the following sub-markets:

Vehicle Type
- Heavy-Duty Vehicles
- Light-Duty Vehicles
- Passenger Vehicles

Offering
- Product
  - Abrasives
  - Adhesives & Sealants
  - Body & Glaze
  - Oil & Lubricants
  - Paints & Coatings
  - Spare Parts
  - Tools & Accessories

Services
- Body & Frame Repair
- Dent Removal
- Electrical & Diagnostic Services
- Glass Replacement and Repair
- Insurance Claims Assistance
- Mechanical Repairs
- Paint Refinishing
- Towing & Rental Cars

Distribution
- Dealer-Owned Shops
- Independent Repair Shops
- OEMs

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Collision Repair Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Collision Repair Market?

3. What are the technology trends and regulatory frameworks in the Automotive Collision Repair Market?

4. What is the market share of the leading vendors in the Automotive Collision Repair Market?

5. Which modes and strategic moves are suitable for entering the Automotive Collision Repair Market?

Product Code: MRR-433C4187C6D7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising numbers of road accidents worldwide
  - 5.1.1.2. Availability of automotive insurance plans for automotive collision repair
- 5.1.2. Restraints
  - 5.1.2.1. High cost of collision repair services and lack of technical expertise
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in automotive refurbishing process
  - 5.1.3.2. Emerging use of AR and VR tools for automotive collision repair
- 5.1.4. Challenges
  - 5.1.4.1. Complex repair services and environmental concerns associated with automotive paints & coatings
5.2. Market Segmentation Analysis
- 5.2.1. Vehicle Type: Proliferating use of automotive collision repair services and products for commercial vehicles
- 5.2.2. Offering: Significance of maintaining structural integrity of vehicles with effective products and services
- 5.2.3. Distribution: Preferences for high-quality repairs with cost efficiency
5.3. Market Trend Analysis
- 5.3.1. Rise in automotive crashes coupled with collaborations among market players to ensure safe and standardized collision repair services in the Americas
- 5.3.2. Rapid urbanization and rising vehicle adoption along with favorable insurance policies across the Asia-Pacific
- 5.3.3. Innovations in advanced materials and eco-friendly coatings with stringent regulations for better vehicle safety standards in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Automotive Collision Repair Market, by Vehicle Type

6.1. Introduction
6.2. Heavy-Duty Vehicles
6.3. Light-Duty Vehicles
6.4. Passenger Vehicles

7. Automotive Collision Repair Market, by Offering

7.1. Introduction
7.2. Product
7.3. Services

8. Automotive Collision Repair Market, by Distribution

8.1. Introduction
8.2. Dealer-Owned Shops
8.3. Independent Repair Shops
8.4. OEMs

9. Americas Automotive Collision Repair Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Automotive Collision Repair Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Automotive Collision Repair Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. SCC Collision Launches Dent and Bumper Repair with Affordable Pricing and Quality Services in Clinton Township, MI
- 12.3.2. Classic Collision Acquires New Collision Repair Centers in Florida and Colorado
- 12.3.3. Crash Champions Acquires Queen City Auto Rebuild in Redmond, WA
- 12.3.4. Gerber Collision & Glass delivers expanded Automotive Scanning and Diagnostics capabilities through Opus IVS Partnership
- 12.3.5. Crash Champions Acquires Two Collision Repair Centers in New Jersey
- 12.3.6. New ADAS Calibration Center Launches In Indiana
- 12.3.7. Classic Collision Adds Two New Locations in Florida
- 12.3.8. Stellantis Launches Replacement Parts Brand bproauto
- 12.3.9. Repairify and Capricorn Unveil Joint Venture To Deliver Advanced Automotive Remote Diagnostic Services To Repairers Across Australia And New Zealand
- 12.3.10. Repairify Announces New asTech All-In-One for Diagnostics, Calibrations, and Programming
- 12.3.11. PartsTech Secures USD 35 Million Series C Funding to Fuel Growth and Further Accelerate Auto Repair
- 12.3.12. Gerber & NHRA Partner To Pull In New Generation Of Collision, Automotive Techs
- 12.3.13. Repairify Teams Up With Autel To Offer Repairers 'seamless Experience
- 12.3.14. Local Auto Body Shop Becomes A Certified Collision Repair Provider
- 12.3.15. Mitchell Received 3rd Patent for Collision Repair Diagnostics, Showcases Product Enhancements at SEMA
- 12.3.16. Eagle Merchant Partners Invests in 19 Auto Collision Centers in Pacific Northwest
- 12.3.17. Repairify Acquires AutoMobile Technologies

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio