Global Automotive Collision Repair Market Research Report - Industry Analysis and Forecast Report Up to 2020

Hexa Research
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Global Automotive Collision Repair Market Size, Growth, Share,
Analysis and Forecast to 2020: Hexa Research
Global automotive collision repair market size is expected to attain USD 196 billion by 2020,
growing at a CAGR of over 2% from 2014 to 2020. Aging fleets of automobiles and increasing
number vehicles on roads are the major factors that are estimated to have a positive impact on
the global collision repair market.
Transport authorities and government in various regions are taking stringent measures for
automobile buyers to purchase insurance cover. Growing vehicle sales with collision and
comprehensive coverage is likely to benefit insurance companies. In case of accidental events,
repair centres are expected to get advantage owing to the mandate of repairing the financed
vehicles. These factors are expected to fuel automotive collision repair market growth over the
next few years.
Commercial vehicles involve high cost of repair. Increasing intercity as well as intra city
transportation of passengers along with goods is projected to increase the number of
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commercial and public transport vehicles. In case of severe damage, vehicles are offered
various consumables such as spare parts, paints as well as coatings by repair centres. Asia
Pacific market is likely to facilitate industry participants with potential avenues owing to
increasing sales of automotives in the region.
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Growing implementation of driver assistance system namely forward collision is anticipated to
prevent accidental situations and assist in circumventing collision repairs. Thus, hamper the
industry growth. Sophisticated telematics are now used for monitoring and reporting condition of
vehicles to the company servers. Local technicians find difficult to troubleshoot the problem.
This results in the loss of business for local repair centres and it likely to impact automotive
collision repair industry growth.
Product Overview
Paints and coatings was the leading automotive collision repair market product segment and
were valued over USD 34 billion in 2013. It is estimated to grow at a CAGR of 2% over the
forecast period. Rapid advancements in paints and coating coupled with increasing aesthetic
demands. These factors are driving the demand growth over the forecast period.
Consumables were valued at USD 23 billion in 2013. It is projected to exceed over USD 27
billion by 2020, growing at a CAGR of over 1.5 % from 2014 to 2020 owing to wide scale usage
of abrasives and adhesives during repairs.
Vehicle Type Overview
Light-duty vehicles were the leading segment and were valued over USD 118 billion in 2013. It
is expected to exceed USD 140 billion by 2020, growing at a CAGR of over 2% from 2014 to
2020. The growth can be attributed to increasing public transport needs.
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Heavy-duty vehicles are valued over USD 48 billion in 2013. It is estimated to reach up to USD
56 billion, growing at a CAGR of over 1.5 % from 2014 to 2020. The can be attributed to the
high loading capacity.
Regional Overview
Asia Pacific automotive collision repair market was valued over USD 36 billion in 2013 and is
estimated to grow at a CAGR of over 4% from 2014 to 2020. Revenue is set to exceed USD 45
billion by 2020, owing to developing economies accompanied by steady growing demand for
automobiles.
North America is expected to grow at a CAGR of over 2% from 2014 to 2020. U.S. was valued
at USD 30 billion in 2013. It is anticipated to grow at a CAGR of over 1.5% from 2014 to 2020.
The growth can be attributed to erratic weather conditions.
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Competitive Market Share
Key industry participants in global automotive collision repair market share include ZF
Friedrichshafen, Federal-Mogul Corporation, Continental Corporation, Valeo, Faurecia and 3M
among others.
Valeo’s product line effectively caters to the needs of body repair professionals for repairing
damages caused due to collisions. Typical parts include condensers, cooling fan units, locks,
optical units, and radiators. Federal-Mogul Motorparts’ "Garage Gurus," an all-inclusive
technical education platform provides on-demand, online, and on-site support and training
available to several shop owners, service writers, and technicians. Federal-Mogul Motorparts is
a prominent supplier of quality branded replacement parts and original equipment.
Table of Contents
Chapter 1 Methodology and Scope
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1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Automotive collision repair - Industry Summary & Critical Success Factors (CSFs)
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Contact: +1-800-489-3075
Email : sales@hexaresearch.com
Website: http://www.hexaresearch.com/