Global automotive collision repair market is anticipated to grow at a CAGR of 7.5% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing number of vehicles on the road. As the number of vehicles increases, the likelihood of accidents also rises, leading to a greater demand for collision repair services. Additionally, advancements in technology have led to more complex vehicles with sophisticated safety features, which require specialized repair expertise, further driving the demand for collision repair services.
Browse the full report description of “Automotive Collision Repair Market Size, Share & Trends Analysis Report by Product (Paints & coatings, Consumables, and Spare parts), by Vehicle Type (Light-duty vehicle and Heavy-duty vehicle), and by Service (DIY, DIFM, and OE) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/automotive-collision-repair-market
In July 2023, BMW North America became a participant in the Sustaining Partner Program initiated by I-CAR. This strategic collaboration aims to allocate resources toward supporting initiatives and educational endeavors within the collision repair industry. By minimizing training redundancies, the program enhances efficiency and effectiveness in educating professionals. Sustaining partners like BMW North America play a crucial role in advocating for industry-wide advancements and contribute financial support to facilitate such initiatives spearheaded by I-CAR.
During the same month, Classic Collision unveiled its acquisition of the Dayton Collision Center situated in Dayton, Tennessee. This strategic move marks a significant expansion for the company within the state, bolstering its operational footprint. The acquisition underscores Classic Collision's commitment to growth and service excellence, aligning with its successful expansion endeavors witnessed in other states throughout 2023. Notably, the company has extended its presence in regions including Minnesota, Georgia, Texas, Colorado, and Florida, reinforcing its position as a key player in the automotive collision repair sector.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Product
o By Vehicle Type
o By Service
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- 3M, Aisin Corp., Robert Bosch GmbH, ZF Friedrichshafen AG, Denso Corp., and others.
Key questions addressed by the report.
Global Automotive Collision Repair Market Report Segment
By Product
By Vehicle Type
By Service
Global Automotive Collision Repair Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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