DUBLIN–(Business Wire)–The “Automotive Collision Repair Services Market – By Service Type, By Vehicle Type, and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.
The global Automotive Collision Repair Services market garnered earnings worth approximately 181.52 (USD Billion) in 2019 and is set to record a CAGR of about 3.4% over the period from 2020 to 2026.
The report offers assessment and analysis of the Automotive Collision Repair Services market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
A surge in the vehicle sales as a result of rise in the disposable incomes has led to road jamming and fatal collisions of vehicles. Furthermore, vehicle accidents has resulted in damage to various parts of the vehicle including car doors, bumpers, and glass windows, thereby generating a necessity for repair of the vehicles. This is one of the major factors that can trigger the market growth.
In addition to this, vehicle collision repair units are expanding their customer base through increase in the service network area by covering more regions across the globe. Furthermore, OEMs are trying to raise their proceeds by supplying specific spare parts to collision repair units. All these aforementioned factors will steer the business growth over the forthcoming years.
Apparently, increase in the customer affordability and rise in the awareness pertaining to collision cover insurance & own damage insurance will define the market growth in the coming years. Moreover, rise in the penetration of vehicle insurance in the emerging economies of Asia Pacific and Latin America will further boost the industry trends.
The regional market surge over the forecast timeline is attributed to surge in the traffic jams on road due to rapidly bulging population. In addition to this, rise in the number of two-wheeler bikes in emerging economies of Asia Pacific and liberal road safety legislations resulting in road collisions will enhance the requirement of vehicle collision repair services. This will amplify the regional market growth within a short span.
Key Topics Covered:
2. Executive Summary
2.1. Automotive Collision Repair Services Market, 2016-2026(USD Billion)
2.2. Automotive Collision Repair Services Market: Snapshot
3. Global Automotive Collision Repair Services Market – Industry Analysis
3.1. Automotive Collision Repair Services Market: Market Dynamics
3.2. Market Drivers
3.2.1. Rise in vehicle Collisions due to traffic jams and rash driving
3.2.2. Vehicle damage caused due to natural disasters, breakdowns, and riots
3.3. Porter’s Five Forces Analysis
3.4. Market Attractiveness Analysis
3.4.1. Market attractiveness analysis By Service Type
3.4.2. Market attractiveness analysis By Workshop Type
3.4.3. Market attractiveness analysis By Vehicle Type
4. Global Automotive Collision Repair Services Market- Competitive Landscape
4.1. Company market share analysis
4.1.1. Global Automotive Collision Repair Services Market: company market share, 2019
4.2. Strategic development
4.2.1. Acquisitions & mergers
4.2.2. New Product launches
4.2.3. Agreements, partnerships, collaborations, and joint ventures
4.2.4. Research and development and Regional expansion
4.3. Price trend analysis
5. Global Automotive Collision Repair Services Market-Service Type Analysis
5.1. Global Automotive Collision Repair Services Market overview: By Service Type
6. Global Automotive Collision Repair Services Market- Workshop Type Analysis
6.1. Global Automotive Collision Repair Services Market overview: By Workshop Type
6.2. Authorized Garage
6.3. Independent Garage
7. Global Automotive Collision Repair Services Market- Vehicle Type Analysis
7.1. Global Automotive Collision Repair Services Market overview: By Vehicle Type
7.2. Light Commercial Vehicle
7.3. Passenger Vehicle
7.4. Heavy Commercial Vehicle
8. Company Profiles
8.1. Continental AG
8.2. Denso Corporation
8.3. Honeywell International, Inc.
8.5. Johnson Contruls, Inc.
8.8. Robert Bosch GmbH
8.9. ZF Friedrichshafen
8.10. Automotive technology Products LLC
8.11. Federal-Mogul LLC
8.12. Henkel AG&Co. KGaA
8.13. Caliber Collision
For more information about this report visit https://www.researchandmarkets.com/r/eohztd
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