Automotive Collision Repair Market to Witness Growth Acceleration during 2021-2027

Global automotive collision repair market size is projected to cross over US$310 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.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/108

Adhesives & sealants are expected to account for more than 10% share of global automotive collision repair market 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.

Global industry 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.

As per the International Organization of Motor Vehicle Manufacturers, the global sales of commercial vehicles were around 24.37 million in 2020. Additionally, the emergence of car sharing services worldwide, along with the soaring transportation requirements is expected to trigger the demand for automotive collision repair services to a large extent.

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.

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 market.

The automotive repair service providers continuously look to improvise their services by incorporating advanced technologies. Moreover, the technological advancements in ancillary products, such as tires, batteries, gears, and others should further complement global automotive collision repair market trends.

Request for a Customization of this research report @ https://www.gminsights.com/roc/108

Partial Chapter of the Table of Content

Chapter 4.   Automotive Collision Repair Market, By Product

4.1.  Market share by product, 2019 & 2027

4.2.  Crash parts

4.2.1. Market estimates and forecast, 2016-2027

4.2.2. Market estimates and forecast, by region, 2016-2027

4.3.  Paints and coatings

4.3.1. Market estimates and forecast, 2016-2027

4.3.2. Market estimates and forecast, by region, 2016-2027

4.4.  Adhesives & Sealants

4.4.1. Market estimates and forecast, 2016-2027

4.4.2. Market estimates and forecast, by region, 2016-2027

4.5.  Abrasives

4.5.1. Market estimates and forecast, 2016-2027

4.5.2. Market estimates and forecast, by region, 2016-2027

4.6.  Finishing compounds

Chapter 5.   Automotive Collision Repair Market, By Vehicle

5.1.  Market share by vehicle, 2019 & 2027

5.2.  Passenger Cars

5.2.1. Market estimates and forecast, 2016-2027

5.2.2. Market estimates and forecast, by region, 2016-2027

5.3.  LCV

5.4.  HCV

5.5.  Two Wheelers

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-collision-repair-market-report

Leave a comment

Your email address will not be published. Required fields are marked *