14 Sep CEO Jon Cartu Announced – Automotive Collision Repair Market 2020: Global Key…
The automotive collision repair market is likely to register lucrative growth owing to technological advancements in automotive repair technology and rising prevalence of road accidents due to poor safety laws. Since cars have become extremely complex over the past few years, automotive collision repairs have also become complex affairs.
Nowadays, the collision repair technicians have to deal with high-tech materials and technologies that are embedded in the vehicle by the manufacturer, which creates the need for extremely specialized repairs. These are done with the help of computer programs, providing thorough information on what all parts are needs, the cost of parts and labor, and procedures for the repair.
Additionally, the body shop also needs to carry out a detailed analysis of the full degree of the harm, particularly since some of it might be hidden and might cause the vehicular systems to malfunction in future. This shift in vehicle anatomy has created a demand for a more sophisticated vehicle repair service, which would be pushing considerable growth into the automotive collision repair industry in coming years.
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The automotive collision repair market is bifurcated in terms of product, vehicle, source, auto body shops, and regional landscape.
Based on product, the automotive collision repair market is classified into finishing compounds, abrasives, adhesives & sealants, paints & coatings, and crash parts. The abrasives segment is likely to register a steady CAGR over 2% during the forecast timeline. These generally play a major role in the quality as well as efficiency of each collision repair technician’s work.
In addition, coated and non-woven abrasives are utilized to refinish auto bodies. Steel wool, finishing pads, sponges, abrasive papers, rubbing compound, pencils, and emery cloths are all abrasives which are used for prepping and polishing.
In terms of vehicle, the overall automotive collision repair market is categorized into two-wheelers, HCV, LCV, and PCV. The two-wheelers segment is estimated to register around 2.5% over the analysis period owing to the immense number of road accidents in emerging economies of Asia Pacific and Latin America.
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With respect to source, the automotive collision repair market is segmented into remanufactured, recycled, aftermarket, and new OEM. The remanufactured segment is projected to grow at a moderate CAGR of over 2.5% over the assessment period.
Based on auto body shops, the automotive collision repair market is divided into independent retail shops and dealer owned shops. Among these, the independent retail shops are likely to dominate with the largest market share of almost 80% during the review period.
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From a regional frame of reference, the Latin America automotive collision repair market is estimated to register a healthy CAGR of over 3.5% through the forecast period owing to high prevalence of road accidents in the region due to poor road safety laws. The Middle East & Africa region will witness steady growth owing to increasing presence of service providers.
Chapter 1. Methodology and Scope
1.1. Market definitions
1.2. Base estimation & working
1.2.1. North America
1.2.3. Asia Pacific
1.2.4. Latin America
1.2.5. Middle East & Africa
1.3. Forecast calculation
1.3.1. COVID-19 impact calculations on industry forecast
1.4. Data sources
18.104.22.168. Paid sources
22.214.171.124. Public sources
Chapter 2. Executive Summary
2.1. Automotive collision repair industry 3600 synopsis, 2016 – 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Vehicle trends
2.1.4. Source trends
2.1.5. Auto body shops trends
2.1.6. Regional trends
Chapter 3. Automotive Collision Repair Industry Insights
3.1. Industry segmentation
3.2. Industry ecosystem analysis
3.2.1. Component Suppliers
3.2.2. Service providers
3.2.3. Profit margin analysis
3.2.4. Distribution channel analysis
126.96.36.199. Auto body shops
3.2.5. COVID-19 based value chain disruption analysis
3.2.7. Vendor matrix
188.8.131.52. Global presence
3.3. Technology Landscape
3.3.2. Automotive Sanding System
3.4. Pricing analysis
3.4.1. By region
3.4.2. Cost structure analysis
3.4.3. COVID-19 impact on pricing
3.5. Regulatory landscape
3.6. Average industry prices for minor and major collision repair services
3.7. Minor and major repair incidents/Propensity to fix for minor and major collisions
3.8. Major/minor auto body repairs
3.9. Minor v/s major damage repair costs
3.10. Industry impact forces
3.10.1. Growth drivers
184.108.40.206. North America
220.127.116.11.1. High automotive production and supporting infrastructure
18.104.22.168.1. Increasing light duty vehicles and powder coatings demand
22.214.171.124. Asia Pacific
126.96.36.199.1. Rising two-wheeler demand in developing countries
188.8.131.52.2. Increasing demand for automotive coatings and rising sales of vehicles
184.108.40.206. Latin America
220.127.116.11.1. Advanced tools and technology development across the region
18.104.22.168. Middle East & Africa
22.214.171.124.1. Increasing road accidents & fatalities
3.10.2. Industry pitfalls & challenges
126.96.36.199. Lack of technical expertise and improving vehicle safety feature
188.8.131.52. Rising demand for autonomous vehicles
3.11. Innovation & sustainability
3.12. Growth potential analysis, 2019
3.13. Porter’s analysis
3.13.1. Supplier power
3.13.2. Buyer power
3.13.3. Threat of new entrants
3.13.4. Threat of substitutes
3.13.5. Industry rivalry
3.14. Competitive landscape, 2019
3.14.1. Company market share analysis, 2019
3.14.2. Strategy dashboard