The automotive collision repair market is anticipated to witness significant growth by 2027 driven by the escalating demand for vehicle restoration across the globe. In addition, increasing occurrences of road accidents are anticipated to further fuel market growth through the forecast timeline.

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Recently, industry players have been implementing strategic initiatives to improve their market standing, which has been favorable for business expansion in key regions. For instance, in July 2021, BASF, the German chemicals giant, announced the addition of Crest Industries (CRS) as its single line distributor in St. Louis, Missouri.

CRS has been a long-time supplier in the collision repair space with over five decades of market experience under its belt and offers customized solutions for bolts, nuts, body fillers, seam sealer, abrasives, and a range of specialty products. As BASF's newest ColorSource member, CRS would be able to incorporate the complete line of BASF Refinish coatings, including the Limco and Glasurit, RM product lines, in its collection.

Moreover, mounting emphasis on improving the authenticity and quality of repair parts used in the sector has propelled the development of various standards to evaluate parts. As a result, improved product landscape has positively impacted business outlook across the globe.

To cite an instance, in July 2021, the Certified Automotive Parts Association (CAPA), which is an independent standard-setting and certification body for automotive crash parts, launched its Tier 1 Replacement Parts Verification Program. The program aims to clarify repair parts by making sure that the same materials, tooling, factory, and manufacturing processes are employed in production of both the car company part as well as the Tier 1 Verified replacement part.

The automotive collision repair market has been segmented based on product, vehicle, auto body shops, source, and region. On the basis of product, the market has been divided into crash parts, finishing compounds, adhesives & sealants, paints & coatings, abrasives, and others.

The finishing compounds sub-segment is estimated to witness substantial growth at around 2.5% CAGR over the forecast timeframe. Escalating finishing requirements for restoring vehicle appearance after accidents is likely to drive segmental growth in the coming years.

With respect to vehicle, the market has been segregated into PC, HCV, LCV, and two-wheelers. The HCV sub-segment is projected to account for more than 10% of the automotive collision repair market by 2027. Rising incidences of fatalities and injuries owing to truck accidents are set to bolster segmental adoption over the following years.

In terms of source, the market has been bifurcated into new OEM, aftermarket, remanufactured, and recycled. The remanufactured sub-segment is calculated to grow at a CAGR of over 1.5% through the analysis timeline. Remanufactured parts effectively replace & improvise faulty components prior to assembly processes at a minimum cost, which is anticipated to contribute to segmental expansion in the future.

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In the regional landscape, the Europe automotive collision repair market is calculated to progress at a notable CAGR to reach a valuation of about USD 80 Billion by 2027. Growing establishment of automotive repair shops in the region is slated to support market growth over the forecast timeframe.

Report Content

Chapter 1   Methodology and Scope

1.1    Market definitions

1.2    Base estimation & working

1.2.1    North America

1.2.2    Europe

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

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2   Executive Summary

2.1    Automotive collision repair industry 360⁰ synopsis, 2017 - 2027

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

3.2.4.1    E-commerce

3.2.4.2    Aftermarket

3.2.4.3    Auto body shops

3.2.5    COVID-19 based value chain disruption analysis

3.2.6    End-users

3.2.7    Vendor matrix

3.2.7.1    Role

3.2.7.2    Products

3.2.7.3    Global presence

3.3    Technology landscape

3.3.1    Spectrophotometer

3.3.2    Automotive sanding system

3.4    Pricing analysis

3.4.1    By region

3.4.1.1    North America

3.4.1.2    Europe

3.4.1.3    APAC

3.4.1.4    Latin America

3.4.1.5    MEA

3.4.2    Cost structure analysis

3.4.3    COVID-19 impact on pricing

3.5    Regulatory landscape

3.5.1    North America

3.5.2    Europe

3.5.3    APAC

3.5.4    Latin America

3.5.5    MEA

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

3.10.1.1    North America

3.10.1.1.1    High automotive production and supporting infrastructure

3.10.1.2    Europe

3.10.1.2.1    Increasing light duty vehicles and powder coatings demand

3.10.1.3    Asia Pacific

3.10.1.3.1    Rising two-wheeler demand in developing countries

3.10.1.3.2    Increasing demand for automotive coatings and rising sales of vehicles

3.10.1.4    Latin America

3.10.1.4.1    Advanced tools and technology development across the region

3.10.1.5    Middle East & Africa

3.10.1.5.1    Increasing road accidents & fatalities

3.10.2    Industry pitfalls & challenges

3.10.2.1    Lack of technical expertise and improving vehicle safety features

3.10.2.2    Rising demand for autonomous vehicles

3.11    Innovation & sustainability

3.12    Growth potential analysis, 2020

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, 2020

3.14.1    Company market share analysis, 2020

3.14.2    Strategy dashboard

3.15    PESTEL analysis

3.16    COVID-19 impact on automotive industry

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