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 Global Automotive Collision Repair Market – Industry Analysis and Forecast (2019-2026)
Posted on : Monday, 24 February, 2020  09:30
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Global Automotive Collision Repair Market size is valued at US$ 218.36 Bn in 2018 and expected to grow at a CAGR of XX % in the forecasting period.

Global Automotive Collision Repair Market

Presence of various automobile repair centers focusing on efficiency and productivity along with the introduction of new materials such as UV paint and carbon aluminium is likely to boost auto collision repair services demand. Many auto restoration shops operate through their own efficient distribution channel and are engaged in distributing branded auto parts and materials, favoring automotive collision repair market size from 2018 to 2026.

Increasing demand to enhance service quality and profitability in various workshops will drive automotive collision repair market share. Moreover, rising disposable income in various emerging economies such as India, China, Brazil, Mexico, etc. are stimulating the industry growth over the projected time span for the automotive collision market.

Global automotive collision repair market is segmented based on product, vehicle, end-use, auto body shops, and geography. By product segment, the market is segmented into paints & coatings, adhesives & sealants, abrasives, finishing compounds. By auto body shop, the market is segmented as dealer owned shops and independent repair shops. Dealer owned shops are the major segment where the automotive collision repair is highly demanded and thus, it is expected to hold major market share in the forecast period. This can be attributed to increasing dealership network and certified expert technicians’ availability. Quality of products coupled with warranty services are the major drivers contributing to the automotive collision repair market share globally. Rising technical complications of new vehicles support the expertise and investments that are required for handling the repairs, thereby enhancing the reach of dealer-owned shops businesses.

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