© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Global Automotive Collision Repair Market Industry Report, 2022: Global Market Insights Inc.
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Paints and coatings accounted for 20% of the automotive collision repair market share in 2014 and will grow significantly from 2015 to This growth can be attributed to rising demand for quality and competitive paint jobs. Light duty vehicle repair demand will surpass USD 150 billion by Fuel economy initiatives by OEMs and regulatory bodies are also set to augment vehicle sales and provide a growth platform for the industry. Germany automotive collision repair market share is estimated to exhibit 2% CAGR over the forecast timespan. Advancements in adopting new methods for damage restructuring jobs in services and supplementary products for painting, denting and bodyworks will support industry demand. Key Insights from Automotive Collision Repair Market :
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Repairing vehicle structures that are equipped with new sensors & technologies requires more expertise and investments to handle replacements, thus restricting independent and small workshops. APAC is set to benefit from considerable automobile sales, which increase the addressable automotive collision repair market potential. Economically stabilizing regions have witnessed slow adoption rates of advanced safety technologies. India automotive collision repair market growth will see demand for crash restructurings. Companies operating in the industry include 3M, ABRA Auto Body & Glass, BASF, Continental, Service King, Caliber Collision, etc. The industry is highly fragmented due to the presence of several authorized, independent, and medium and small workshops which provide low cost damage restructuring services. Continued...
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Germany automotive collision repair market size, by vehicle, (USD Billion)
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Product Analysis Increasing traffic possesses high risk of minor dents and small collisions requiring touchups to restore the vehicles into their original color. This creates high demand for high quality and competitive paint jobs to restore factory finishes. Regional Analysis Germany accounted for 19% of the overall Europe automotive collision repair market share in 2014 and will continue to grow at 1.9% CAGR from 2015 to Advancements in collision repairing technologies in ancillary products and other services such as denting, painting, body repairs would attribute industry demand. Competitive Market Share Key industry players include Caliber Collision, Service King, ABRA Auto Body & Glass, and Maaco Franchising. Major companies which provides paints, chemical products and other ancillary products and services are BASF, 3M, and Continental. 360° Analysis
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