Automotive Collision Repair Market Analysis, Industry Trends, Strategies and Forecast, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Automotive Collision Repair Market Analysis, Share,

Regional Outlook, Industry Trends, Competitive Strategies

And Segment Forecast, 2012 To 2020

Industry Overview

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.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

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 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.

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...