Automotive Collision Repair Market Size By Product (Crash Parts, Paints & Coatings, Adhesives & Sealants, Abrasives, Finishing Compounds), By Vehicle (Passenger Cars, LCV, HCV, Two Wheelers), By Source (New OEM, Aftermarket, Recycled, Remanufactured), By Auto Body Shops (Dealer Owned Shops, Independent Repair Shops), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jun 2020  |  Report ID: GMI108  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 260   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Collision Repair Market size estimated at around USD 304.9 billion in 2019 is projected to grow at a CAGR of 3.3% from 2020 to 2026. Lenient traffic policies and increasing on-road traffic in emerging nations will drive the market growth.
 

Increasing population, rising per capita income, and growing automobile sales has created significant increase in road traffic resulting in road congestion and fatal accidents. The road accidents lead to collision of body parts such as bumpers, glass windows, car doors, etc. leading to dents and scratches, thus creating a need for automotive collision repair.
 

Automotive Collision Repair Market

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Rising light commercial vehicle sales with increasing trade activities boost the market demand. Collision repair centers are expanding their service networks and developing specific collision repair centers to serve larger consumer base. Additionally, automobile OEMs are focusing on improving their revenue and market share by offering branded & genuine spare parts in collision repair centers. Developments in the online portal along with instant booking and service scheduling of vehicle servicing though mobile applications will spur the automotive collision repair parts consumption.
 

The outbreak of COVID-19 has resulted in worldwide lockdown and shutdown of manufacturing facilities, thus disrupting the supply chain of automobile production, and has adversely affected the industry. Moreover, stringent regulations, limiting vehicle movement is reducing road traffic, thus resulting in lower crash instances.
 

Automotive Collision Repair Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 304.9 Billion (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 3.3% 2026 Value Projection: 306.8 Million (USD)
Pages: 260 Tables, Charts & Figures: 338
Geographies covered (20): U.S., Canada, Germany, UK, France, Italy, Russia, Spain, Netherlands, Belgium, China, India, Japan, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, and South Africa
Segments covered: Product, Vehicle, Source, Auto Body Shops
Companies covered (31): 3M, ATP Automotive, Caliber Collision, Continental Corporation, Denso Corporation, DuPont, Eastman Chemical Company, Faurecia, Federal-Mogul Holdings Corp, Henkel AG & Co., KGaA, Honeywell International Inc.,Huntsman Corporation, International Automotive Components (IAC) Group, Johnson Control, Inc., Magna International, Inc., MANN+HUMMEL, Martinrea International, Inc., MITSUBA Corporation, PPG Industries, Robert Bosch GmbH, Sika AG, Takata Corporation, Tenneco, Inc., Tokai Rika Co., Valeo, Wacker Chemie AG, Yazaki Corporation, ZF Friedrichshafen AG, Wurth USA, Inc, Mirka Ltd., and Norton Abrasives
Growth Drivers:
  • High automotive production and supporting infrastructure
  • Increasing light duty vehicles and powder coatings demand
  • Increasing demand for automotive coatings and rising sales of vehicles
  • Rising two-wheeler demand in developing countries
  • Advanced tools and technology development across the region
  • Increasing road accidents & fatalities
Pitfalls & Challenges:
  • Lack of technical expertise and improving vehicle safety feature
  • Rising demand for autonomous vehicles

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Crash parts to dominate the market in the coming years

In 2019, crash parts accounted for around 40% automotive collision repair market share owing to rising road accidental rates. These parts are also known as OEM collision parts or cosmetic parts. It is a replacement for non-mechanical plastic sheets or metal body parts. These parts do not include batteries, filters, and engine parts. Crash parts are designed and produced to the same specifications and tolerances as the actual parts on the vehicles and cater to the stringent road-safety requirements.
 

Passenger cars to bank upon high vehicle penetration

Passenger cars segment dominates the industry share due to rising road traffic in the developing economies. In addition, strong presence of vehicle repair centers offering restoration and refurbishment services will spur the segment size. Supportive accident claim services and vehicle insurance policies offered by insurance providers are an important driver for the market.
 

New OEMs as the key source for automotive collision repair parts

Automotive Collision Repair Market By Source

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New OEMs will witness around 3% growth in the automotive collision repair industry through 2026. OEMs are companies that produce auto parts by purchasing components from other companies. The provision for easier replacements, insurance policies, and warranty offered by OEMs is one of the key driving factors. Also, improved durability and reliability offered by these products along with ease in installation by highly qualified technicians is likely to further drive the market demand.
 

Dealer-owned shops will gain traction due to strong network

Dealer-owned shops held more than 19% market revenue share in 2019. This is mainly attributed to growing preference for dealer-owned shops on account of easy availability of reliable and superior quality spare parts. Moreover, the provision for extended guarantees and warranties for auto parts along with servicing & repair jobs undertaken by highly skilled workers will further augment the market demand.
 

Asia Pacific is likely to be the fastest-growing market

Automotive Collision Repair Market By Region

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Asia Pacific automotive collision repair market revenue is predicted to exceed USD 85 billion by 2026 driven by rising road congestion coupled with increasing number of automobile sales in China and India. Proliferating demand for two-wheelers in the developing economies of Asia Pacific coupled with lenient road safety laws leads to road accidents that drives the need for automotive collision repair crash parts and paints.
 

Increasing global trade and intense competition among automotive manufacturers are showcasing positive outlook for enhancing the global distribution system and encouraging several automakers to establish their production plants in Asian countries. For instance, companies such as Ford, General Motors, and Volkswagen are setting up their manufacturing facilities in the region to operate efficiently, which will further strengthen the regional market size.
 

New product launches and mergers & acquisitions to increase industry rivalry

Market participants are adopting strategies including, product launches and mergers & acquisitions to strengthen the market position and to gain competitive edge. Major players operating in the industry are Denso Corporation, ATP Automotive, Continental AG, Caliber Collision Centers, 3M, and Eastman Chemical Company.
 

The market research report on automotive collision repair includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026, for the following segments:
 

Market by Product

  • Crash Parts
  • Paints & Coatings
  • Adhesives & Sealants
  • Abrasives
  • Finishing Compounds
  • Others

Market by Vehicle

  • Passenger Cars
  • LCV
  • HCV
  • Two-wheelers

Market by Source

  • New OEM
  • Aftermarket
  • Recycled
  • Remanufactured

Market by Auto Body Shops

  • Dealer-owned shops
  • Independent repair shops

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
    • Italy
    • Netherlands
    • Belgium
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

The market size of automotive collision repair was USD 304.9 billion in 2019.
The industry share of automotive collision repair is projected to witness more than 3.3% growth rate during 2020 to 2026.
Asia Pacific market is predicted to exceed USD 85 billion by 2026 driven by rising road congestion coupled with increasing number of automobile sales in China and India.
According to the analysts at GMI, the New OEM segment will witness around 3% growth in the industry through 2026.
Major players operating in the industry are Denso Corporation, ATP Automotive, Continental AG, Caliber Collision Centers, 3M, and Eastman Chemical Company.

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Premium Report Details

  • Published Date: Jun 2020
  • Pages: 260
  • Tables: 327
  • Charts / Figures: 11
  • Companies covered: 31
  • Countries covered: 20

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