The U.S. automotive collision repair market is a dynamic sector focused on restoring damaged vehicles to their pre-accident condition. It encompasses a wide range of services, including bodywork, paint repairs, and frame straightening. The growing complexity of vehicle designs contributes to the need for specialized expertise in collision repair. It is a vital component of the automotive aftermarket, addressing the aftermath of vehicular accidents and ensuring roadworthy vehicles.
Access Full Report @ https://www.databridgemarketresearch.com/ar/reports/us-automotive-collision-repair-market
Data Bridge Market Research analyses that the U.S. Automotive Collision Repair Market was at USD 32.87 billion in 2022 and is expected to reach USD 41.00 billion by 2030, at a CAGR of 2.8% during the forecast period of 2023-2030. The surge in vehicle ownership on U.S. roads directly fuels a corresponding increase in collision incidents, intensifying the demand for repair services. This trend is a key driver for the thriving automotive collision repair market, highlighting its reliance on the expanding automotive landscape.
Key Findings of the Study
Advancements in vehicle safety are expected to drive the market's growth rate
Integrating advanced safety features in vehicles amplifies the intricacy of repairs, creating a heightened demand for specialized collision repair services. As vehicles become equipped with sophisticated safety technologies, repair professionals must possess specific expertise to effectively address and restore these intricate systems, underscoring the essential role of specialized services in the evolving landscape of automotive collision repair.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product Type (Spare Parts, Paint and Coatings, Replacement Parts and Consumables), Services Channel (OE, DIY and DIFM), Sales Channel (New OEM, Aftermarket, Recycled, Remanufactured and Salvage), Auto Body Shops (Dealer Owned Shops and Independent Repair Shops), Vehicle Type (Passenger Cars, Light Duty Vehicle, Heavy Duty Vehicle and Two Wheelers)
|
|
Market Players Covered
|
3M (U.S.), ATP Automotive (U.S.), Continental AG (Germany), DENSO CORPORATION (Japan), Faurecia (France), Federal-Mogul Goetze (India) Limited (U.S.), Honeywell International, Inc. (U.S.) IAC Group. (Luxembourg), Johnson Controls (Irelands), Magna International, Inc. (Canada), MANN+HUMMEL (Germany), Martinrea International Inc. (Canada), Mitsuba Corp. (Japan), Robert Bosch GmbH (Germany), Joyson Safety Systems (U.S.)
|
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.
|
Segment Analysis:
The U.S. automotive collision repair market is segmented on the basis of product type, services channel, sales channel, auto body shops, and vehicle type.
- On the basis of product type, the U.S. automotive collision repair market is segmented into spare parts, paint and coatings, replacement parts, and consumables
- On the basis of services channel, the U.S. automotive collision repair market is segmented into OE, DIY and DIFM
- On the basis of sales channel, the U.S. automotive collision repair market is segmented into new OEM, aftermarket, recycled, remanufactured and salvage
- On the basis of auto body shops, the U.S. automotive collision repair market is segmented into dealer owned shops and independent repair shops
- On the basis of vehicle type, the U.S. automotive collision repair market is segmented into passenger cars, light duty vehicle, heavy duty vehicle and two wheelers
Major Players
Data Bridge Market Research recognizes the following companies as the major U.S. automotive collision repair market players in U.S. automotive collision repair market are Magna International, Inc. (Canada), MANN+HUMMEL (Germany), Martinrea International Inc. (Canada), Mitsuba Corp. (Japan), Robert Bosch GmbH (Germany), Joyson Safety Systems (U.S.)
Market Developments
- In December 2022, AutoNation Inc., a major U.S. automotive retailer, revealed its acquisition of RepairSmith. The Los Angeles-based RepairSmith offers comprehensive mobile solutions for automotive repair and maintenance, with a notable operational presence in the southern and western regions of the United States. This strategic move enhances AutoNation's service offerings and extends its market reach
- In October 2022, Reparify launched asTech all-in-one solution, revolutionizing automotive diagnostics. This cutting-edge tool offers local and remote diagnostics, calibration, and detailed programming capabilities. With a focus on seamless repair and maintenance processes, asTech enhances efficiency in vehicle servicing, marking a significant advancement in automotive technology
- In May 2022, American Tire Distributors and Monro, Inc. revealed a definitive agreement for ATD to acquire Monro's wholesale tire distribution assets operating under the name 'Tires Now.' This strategic move reflects a significant development in the automotive industry, showcasing a reshaping of distribution dynamics within the tire sector
- In October 2020, Robert Bosch GmbH expanded its hydraulic steering systems lineup for multiple vehicle manufacturers. The innovative system, remanufactured from old components, addresses safety concerns after accidents, eliminating the need for complete steering wheel replacements. This sustainable approach not only ensures safety but also positions Bosch to broaden its market influence in hydraulic steering systems across diverse regions
For more detailed information about the U.S. automotive collision repair market report, click here – https://www.databridgemarketresearch.com/ar/reports/us-automotive-collision-repair-market
