Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Global Automotive Collision Repair Market Size, Growth, Share, Analysis and Forecast to 2020: Hexa Research Global automotive collision repair market size is expected to attain USD 196 billion by 2020, growing at a CAGR of over 2% from 2014 to 2020. Aging fleets of automobiles and increasing number vehicles on roads are the major factors that are estimated to have a positive impact on the global collision repair market. Transport authorities and government in various regions are taking stringent measures for automobile buyers to purchase insurance cover. Growing vehicle sales with collision and comprehensive coverage is likely to benefit insurance companies. In case of accidental events, repair centres are expected to get advantage owing to the mandate of repairing the financed vehicles. These factors are expected to fuel automotive collision repair market growth over the next few years. Commercial vehicles involve high cost of repair. Increasing intercity as well as intra city transportation of passengers along with goods is projected to increase the number of Contact: +1-800-489-3075 Email : [email protected] Website: http://www.hexaresearch.com/ Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future commercial and public transport vehicles. In case of severe damage, vehicles are offered various consumables such as spare parts, paints as well as coatings by repair centres. Asia Pacific market is likely to facilitate industry participants with potential avenues owing to increasing sales of automotives in the region. Browse Detail Report with TOC @ http://www.hexaresearch.com/research-report/automotive-collision-repair-industry/ Growing implementation of driver assistance system namely forward collision is anticipated to prevent accidental situations and assist in circumventing collision repairs. Thus, hamper the industry growth. Sophisticated telematics are now used for monitoring and reporting condition of vehicles to the company servers. Local technicians find difficult to troubleshoot the problem. This results in the loss of business for local repair centres and it likely to impact automotive collision repair industry growth. Product Overview Paints and coatings was the leading automotive collision repair market product segment and were valued over USD 34 billion in 2013. It is estimated to grow at a CAGR of 2% over the forecast period. Rapid advancements in paints and coating coupled with increasing aesthetic demands. These factors are driving the demand growth over the forecast period. Consumables were valued at USD 23 billion in 2013. It is projected to exceed over USD 27 billion by 2020, growing at a CAGR of over 1.5 % from 2014 to 2020 owing to wide scale usage of abrasives and adhesives during repairs. Vehicle Type Overview Light-duty vehicles were the leading segment and were valued over USD 118 billion in 2013. It is expected to exceed USD 140 billion by 2020, growing at a CAGR of over 2% from 2014 to 2020. The growth can be attributed to increasing public transport needs. Contact: +1-800-489-3075 Email : [email protected] Website: http://www.hexaresearch.com/ Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Heavy-duty vehicles are valued over USD 48 billion in 2013. It is estimated to reach up to USD 56 billion, growing at a CAGR of over 1.5 % from 2014 to 2020. The can be attributed to the high loading capacity. Regional Overview Asia Pacific automotive collision repair market was valued over USD 36 billion in 2013 and is estimated to grow at a CAGR of over 4% from 2014 to 2020. Revenue is set to exceed USD 45 billion by 2020, owing to developing economies accompanied by steady growing demand for automobiles. North America is expected to grow at a CAGR of over 2% from 2014 to 2020. U.S. was valued at USD 30 billion in 2013. It is anticipated to grow at a CAGR of over 1.5% from 2014 to 2020. The growth can be attributed to erratic weather conditions. Request a Sample copy of This Report @ http://www.hexaresearch.com/sample/306 Competitive Market Share Key industry participants in global automotive collision repair market share include ZF Friedrichshafen, Federal-Mogul Corporation, Continental Corporation, Valeo, Faurecia and 3M among others. Valeo’s product line effectively caters to the needs of body repair professionals for repairing damages caused due to collisions. Typical parts include condensers, cooling fan units, locks, optical units, and radiators. Federal-Mogul Motorparts’ "Garage Gurus," an all-inclusive technical education platform provides on-demand, online, and on-site support and training available to several shop owners, service writers, and technicians. Federal-Mogul Motorparts is a prominent supplier of quality branded replacement parts and original equipment. Table of Contents Chapter 1 Methodology and Scope Contact: +1-800-489-3075 Email : [email protected] Website: http://www.hexaresearch.com/ Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future 1.1 Research methodology 1.2 Research scope and assumptions 1.3 List of data sources Chapter 2 Executive Summary 2.1 Automotive collision repair - Industry Summary & Critical Success Factors (CSFs) Browse Full Report @ http://www.hexaresearch.com/research-report/automotive-collision-repair-industry/ About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: [email protected] Website - http://www.hexaresearch.com/ Contact: +1-800-489-3075 Email : [email protected] Website: http://www.hexaresearch.com/
Automotive Collision Repair Market Analysis By Vehicle Type (Light-duty, Heavy-duty), By Product (Coatings & Paints, Consumables), Competitive Analysis & Forecasts To 2020
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