Automotive Collision Repair Market Size, Share & Trends Analysis Report By Product (Paints & Coatings, Consumables, Spare Parts), By Vehicle Type, By Service Channel, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global automotive collision repair market size was valued at USD 195.27 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 1.9% from 2023 to 2030. The increase in the number of automobile insurance subscriptions and technological advancements in the automobile sector are the factors expected to propel the growth. The growing number of road accidents and fatalities worldwide drives the market’s growth. Moreover, many automobile retailers sell Do-It-Yourself (DIY) kits to consumers who prefer to repair their cars at home without assistance. This trend is observed in many South American and Asia Pacific suburban parts.

OEMs have developed several channels to distribute their branded parts to different service departments. The rising demand for hybrid and electric cars is expected to further increase the demand for specific tools and spare parts used in such vehicles. This is anticipated to improve the demand for automotive collision repair solutions. In addition, the vehicle owner is obligated to get a notice that the warranties that apply to the non-OEM and non-standard parts will not be provided by the manufacturer of the vehicle but by the manufacturer or distributor of the parts.

Technological advancements have brought a number of benefits to organizations. Furthermore, digitalization has allowed consumers to experience a more personalized service, quicker delivery, and instant access to support. There are a number of advantages associated with inspection and repair by a collision repair specialist. Furthermore, the collision repair specialist’s service is used to analyze vehicles’ problems and find the best solution possible with new parts with significant research. For instance, in July 2019, Scope Technology, a tech firm in the U.S., collaborated with Microsoft Azure, a cloud computing platform, to develop an automated car inspection system with AI assistance. This collaboration aims to expand their customer base.

The companies support customers in repairing and diagnosing issues on vehicles to provide and service preventative maintenance. Moreover, customers are often concerned about their vehicles after the collision and are unable to get specialist services at low costs. Additionally, auto collision repair shops are equipped with modern repair equipment and staffed by collision repair experts. Automotive collision repair services have a number of advantages such as boosting car safety, maintaining the value of the vehicle, and lowering the company’s cost.

Product Insights

The spare parts segment dominates the market, with a revenue share of 64.2% in 2022. The spare parts used in automobile service delivery include crash parts, repair materials, supplementary mechanical parts, restoration materials, and tools. The high number of road accidents leading to the damage of integral elements such as grilles, bumpers, fenders, dents, and scratches are fueling the demand for replacement spare parts. The increasing consumer awareness of the importance of maintenance and repair in improving vehicle performance and lifecycle is driving the growth of the spare parts segment.

The paints & coatings segment is expected to expand at the fastest CAGR of 2.7% over the forecast period. The rapidly evolving paints & coatings technology, which meets the latest protective automobile materials and aesthetic demands, is the key reason for the growth of the segment in the automotive industry. Paints & coatings are anticipated to witness higher adoption in high-volume markets, owing to the surging environmental concerns about the use of detrimental synthetic coatings and refinishing materials. The paints and coatings segment is projected to grow steadily due to the environmental and health risks associated with automotive body paint materials.

Vehicle Type Insights

The light-duty segment dominated the market, with a revenue share of 71.6% in 2022. The light-duty vehicles segment comprises hatchbacks, sedans, SUVs, and crossover cars. The demand for alternative transportation options, government initiatives for improving fuel economy, and the availability of alternative fuel vehicles are expected to increase the sales of light-duty vehicles over the forecast period. Furthermore, vehicle sales in the industry are anticipated to be primarily driven by the adoption of vehicles that require alternative fuels and vehicles with several levels of drivetrain electrification.

The heavy-duty vehicles segment is expected to advance at a CAGR of 1.5% over the forecast period. The heavy-duty vehicles segment includes commercial and multi-axle vehicles such as trucks and buses. Heavy-duty vehicles are anticipated to be used for the transportation of bulk products within any country or region. Increasing trade activities are expected to augment the demand for heavy-duty vehicles equipped with the latest technologies for hauling and loading.

Service Channel Insights

The OE (handled by OEMs) segment dominates the market, with a revenue share of 56.7% in 2022. The DIY (Do It Yourself) segment is expected to progress at the fastest CAGR of 2.5% over the forecast period. Globally, people have been retaining their car usage for longer periods, which has supported the demand for replacement parts. The automotive collision repair industry will continue to significantly grow, which is attributed to its robust demand from emerging economies.

The DIY segment is expected to expand at the highest CAGR in the Asia Pacific region over the forecast period, followed by South America. Manufacturers in the automotive industry are gradually shifting their focus to vehicle modification, where they can customize the vehicle to meet the needs of the customer rather than purchasing new vehicles.

Several companies have initiated the production of complete kits that provide DIY solutions to users. The DIY segment of Federal-Mogul Holdings generated the highest revenue in 2020. The increased preference of customers for warranty is one of the major factors that support the dominance of OE in the market. OEMs offer products with benefits such as longer product lifecycles, reliability, and better performance. The abovementioned factors are expected to strengthen the position of OEMs in the market over the forecast period.

Regional Insights

Europe dominated the global automotive collision repair market with a revenue share of 42.5% in 2022. The region is expected to witness a steady CAGR over the forecast period, owing to the rising penetration of vehicles with enhanced safety features and stagnated sales. Moreover, rising metal part replacements and damaged plastics are expected to boost European market growth. North America is expected to witness a similar growth pattern. Furthermore, the growing penetration of hybrid and electric vehicles is anticipated to improve the overall demand over the forecast period.

Asia Pacific is expected to witness the fastest CAGR of 3.6% over the forecast period. The increasing number of vehicle sales is leading to significant growth in the automotive collision repair industry in the Asia Pacific region. An upsurge in vehicular damage due to the lack of stringent driving regulations in the Asia Pacific region is further driving the regional market growth. The Asia Pacific region is perceived to be a source of components for local companies and multinationals, who aim to supply low-cost components to prominent vehicle manufacturers.

柯y Companies & Market Share Insights

The market is characterized by strong competition, with a few major worldwide competitors owning a significant market share. The major focus is on developing new products and collaboration among the key players. In February 2023, Classic Collision LLC, a U.S.-based auto repair center, acquired Gale’s Auto Body, a motor vehicle manufacturer in the Blaine. Through this acquisition, Classic Collision intends to extend its presence in Minnesota and provide improved customer service during the repair process. Some prominent players in the global automotive collision repair market include:

• 3M

• Automotive Technology Products LLC (a subsidiary of Lodi Group of Monterrey)

• Continental AG

• Denso Corporation

• Faurecia

• Federal-Mogul LLC

• Honeywell International, Inc.

• International Automotive Components Group

• Johnson Controls, Inc.

• Magna International Inc.

• Mann+Hummel Group

• Martinrea International Inc.

• Mitsuba Corporation

• Robert Bosch GmbH

• Takata Corporation ODU GmbH & Co.KG

Automotive Collision Report Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 199.56 billion
Revenue forecast in 2030	USD 227.60 billion
Growth rate	CAGR 1.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 - 2021
Forecast period	2023 - 2030
Quantitative units	Market revenue in USD billion & CAGR from 2023 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Product, vehicle type, service channel, region
Regional scope	North America; Europe; Asia Pacific; South America; MEA
Country scope	U.S.; Canada; Mexico; U.K.; Germany; France; China; India; Japan; Brazil
柯y companies profiled	3M; Automotive Technology Products LLC; Continental AG; Denso Corporation; Faurecia; Federal-Mogul LLC; Honeywell International, Inc.; International Automotive Components Group; Johnson Controls, Inc.; Magna International Inc.; Mann+Hummel Group; Martinrea International Inc.; Mitsuba Corporation; Robert Bosch GmbH; Takata Corporation ODU GmbH & Co.KG
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional, and segment scope.
Pricing and purchase options	利用定制购买选项来满足您的穰ct research needs.Explore purchase options

Global Automotive Collision Repair Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global automotive collision repair market report based on product, vehicle type, service channel, and region:

• Product Outlook (Revenue, USD Billion, 2017 - 2030)

  • Paints & coatings

  • Consumables

  • Spare parts

• Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2030)

  • Light-duty vehicle

  • Heavy-duty vehicle

• Service channel Outlook (Revenue, USD Billion, 2017 - 2030)

  • DIY

  • DIFM

  • OE

• Regional Outlook (Revenue, USD Billion, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • 南美

    • Brazil

  • Middle East and Africa