Automotive Collision Repair Market: Regional Revenue, Industry Demand & Growth Forecast to 2027

By Ronak Bora

Global automotive collision repair market share from light commercial vehicles collision repair is slated to witness a CAGR of over 2.5% through the forecast time period. In recent times, the significant growth in online sales amid the COVID-19 crisis has brought exponential traction in the e-commerce sector. In order to serve such demand from the e-commerce sector, the increased burden on logistics has led to tremendous requirements for commercial vehicles.
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Adhesives & sealants are expected to account for more than 10% share of global automotive collision repair industry up to 2027. Automotive adhesives are widely used for their superior cohesive strength in various components of automobiles. The applications of adhesives provide excellent bonding strength to automotive glass, painted surfaces, metal, and fiber assemblies, which enhances the safety and overall performance of the vehicle. Whereas, automobile sealants are applied to render enhanced adhesive flexibility and chemical stability to withstand different kinds of wear and tear.
Automotive aftermarket plays a crucial role in providing essential auto parts in cases of vehicle damage or breakdowns. Soaring instances of vehicle breakdown, owing to over speeding, rash driving, and complications associated with sophisticated engine designs and other safety features, will have a positive impact on the automotive aftermarket. From the aftermarket segment, global automotive collision repair market share is predicted to surpass US$45 billion by 2027.
The advent of superior auto diagnostic tools and service mechanisms has brought significant developments in the automotive collision repair industry. The demand for automotive repair and maintenance services has witnessed drastic growth in recent times, owing to the technological advancements in the production of automotive parts, components, and various other materials.
Additionally, growing penetration of affordable two wheelers, on account of greater fuel efficiency, low maintenance cost, and easy mobility is likely to boost the demand for automotive collision repair services to a greater extent.
A rising number of vehicles especially in emerging countries like India, China, and others is the major factor causing a substantial rise in traffic congestion. These traffic jam mostly cause accidents and vehicle damages, that creates significant demand for denting, painting, and body repair services. Global automotive collision repair market size is projected to cross over US$310 billion by 2027.
Continental Corporation, PPG Industries, KGaA, Sika G, Robert Bosch GmbH, 3M, Tenneco, Inc., Caliber Collision, Henkel AG & Co., and Magna International Inc are some notable companies of global automotive collision repair industry.
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Some Point from Table of Contents;
Chapter 6   Automotive Collision Repair Market, By Source
6.1    Automotive collision repair market share by source, 2020 & 2027
6.2    New OEM
6.2.1    Market estimates and forecast, 2017 - 2027
6.2.2    Market estimates and forecast, by region, 2017 - 2027
6.3    Aftermarket
6.3.1    Market estimates and forecast, 2017 - 2027
6.3.2    Market estimates and forecast, by region, 2017 - 2027
6.4    Recycled
6.4.1    Market estimates and forecast, 2017 - 2027
6.4.2    Market estimates and forecast, by region, 2017 - 2027
6.5    Remanufactured
6.5.1    Market estimates and forecast, 2017 - 2027
6.5.2    Market estimates and forecast, by region, 2017 - 2027
Chapter 7   Automotive Collision Repair Market, By Auto Body Shops
7.1    Automotive collision repair market share by auto body shops, 2020 & 2027
7.2    Dealer owned shops
7.2.1    Market estimates and forecast, 2017 - 2027
7.2.2    Market estimates and forecast, by region, 2017 - 2027
7.3    Independent repair shops
7.3.1    Market estimates and forecast, 2017 - 2027
7.3.2    Market estimates and forecast, by region, 2017 - 2027
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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