Stratview Research has launched a new report, titled Automotive Collision Repair Market segmented by Product Type (Crash Parts, Paints and Coatings, Adhesives & Sealants, Abrasives, Finishing Compounds, and Others), by Vehicle Type (Passenger Cars, LCV, HCV, and Two Wheelers), by Source Type (New OEM, Aftermarket, Recycled, and Remanufactured), by Auto Body Shop Type (Dealer-owned Shops, Independent Repair Shops), and by Region (North America, Europe, Asia-Pacific, and Rest) of the World)
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, Automotive Collision Repair market is likely to witness a steady CAGR of 3.3% during the forecast period. The increasing population, rising per capita income, and growing automobile sales are driving the growth of the market.
Market Segments' Analysis
Based The crash parts' segment is expected to dominate the market during the forecast period, owning to rising road accidental. rates. These are designed and produced to the same specifications and tolerances as the actual parts on the vehicles and cater to the stringent road-safety requirements.
Based on the vehicle type, the automotive collision repair market is segmented as passenger cars, LCV, HCV, and two wheelers. The passenger cars segment dominates the market, due to the rising road traffic in the developing economies, strong presence of vehicle repair centers
In terms of regions, Asia-Pacific is estimated to be the largest growing automotive collision repair market during the forecast period. Rising road congested coupled with increasing number of automobile sales in China and India, are surging the demand for two-wheelers in the developing economies of Asia-Pacific along with lenient road safety laws leading to road accidents, which are expected to drive the market
Key Players
The following are the key players in the Automotive Collision Repair Market.
• 3M Company
• ATP Automotive
• Caliber Collision
• DuPont
• Continental Corporation
• Denso Corporation
• Faurecia
• Eastman Chemical Company
• Federal-Mogul Holdings Corp
Frequently Asked Questions –
This report provides vital Information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions: --What
is the current and future market size of Automotive Collision Repair Market?
--How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
--What will be the short and long-term effects of the pandemic?
--How are other market factors affecting the market dynamics? --Which
segments offer high-growth opportunities in the long run?
--How fierce is the Automotive Collision Repair Market competition?
--What are the key emerging trends and unmet needs in the present market? --What
are the strategic growth opportunities and key success factors?
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