U.S. Automotive Collision Repair Market Size, Share & Trends Analysis Report By Vehicle Type (Light-Duty Vehicle, Heavy-Duty Vehicle), By Product Type, By Service Channel And Segments Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 92 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The U.S. automotive collision repair market size is expected to reach USD 33.75 billion by 2025, registering a 1.5% CAGR from 2019 to 2025, according to a new study by Grand View Research, Inc. The market is expected to grow owing to the rising adoption of automotive technologies in automotive fabrication. The increasing use of 3D printing in applications such as automotive fabrication and prototyping has also led to the increased adoption of automotive collision repair services by automakers in the industry. Moreover, the growing focus of manufacturers on technology proliferation and increasing investments in research & development activities are also expected to contribute to market growth.

Increasing digitalization in automotive repair and maintenance services has transformed the U.S. market. Several startups are now offering online services for regular maintenance as well as for repairing of cars. For instance, Repair Pal, an auto repair and maintenance service app, offers repairing and pickup & drop services to users seeking assistance in case of car crashes, even in remote locations. These services enable users to get on-demand professional repair services at their homes or offices. Users are also given options to select their technicians based on the type of vehicle and repairing services required.

However, environmental concerns associated with the use of some of the repairing materials are hampering the market growth. For instance, paints and coatings contain high amounts of hazardous Volatile Organic Compounds (VOCs), which cause air pollution. This has led the U.S. government to set up regulations banning the use of hazardous paints and coatings. For instance, The U.S. EPA Design for Environment (DfE) Automotive Refinishing Partnership works in collaboration with auto repairing and refinishing shops to develop guidance documents and helpful checklists. Auto repairing and maintenance shops are obligated to follow these general health and safety checklists in their day-to-day operations to decrease the proportion of hazardous waste produces.

Further key findings from the report suggest:

• Increased demand for higher-priced products such as advanced glass products and performance tires, electrochromic mirrors, and solar control windows are anticipated to boost the sale of repair parts in the country

• Increasing use of sophisticated safety equipment in vehicles has resulted in the higher cost of collision repairs

• The rapidly evolving paint and coating technology in the automotive industry to meet the latest protective automobile materials and aesthetic demands are expected to drive the U.S. automotive collision repair market growth

• Increasing demand among customers for repair warranty is one of the major factors supporting the growth of the OE segment in the market

• Governments and transport authorities across different countries have made it mandatory for customers to obtain insurance coverage, which is expected to contribute to the market growth

• Stringent government regulations and safety guidelines regarding the use of hazardous materials for automotive collision repair are anticipated to challenge the market growth

• The industry is witnessing a trend of strategic alliances and collaborations among collision repair centers and leading auto insurance companies to gain a competitive edge in the market.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market segmentation & scope
                   1.2. Market definition
                   1.3. Information procurement
                       1.3.1.Purchased database
                       1.3.2.GVR's internal database
                       1.3.3.Secondary sources & third-party perspectives
                       1.3.4.Primary research
                   1.4. Information analysis
                       1.4.1.Data analysis models
                   1.5. Market formulation & data visualization
Chapter 2 Executive Summary
                   2.1 U.S. Automotive Collision Repair Market - Market Snapshot & Key Buying Criteria, 2014 - 2025
Chapter 3 U.S. Automotive Collision Repair Market Variables, Trends & Scope
                   3.1 Penetration & Growth Prospect Mapping
                   3.2 U.S. Automotive Collision Repair Market - Value Chain Analysis
                   3.3 Market Dynamics
                   3.4 Market Driver Analysis
                       3.4.1 Digitalization of automotive repair & maintenance services
                           3.4.1.1 Increasing stringency of emission & fuel efficiency regulations and engine downsizing
                       3.4.2 Market Restraint Analysis
                           3.4.2.1 Growing demand for electric vehicles
                   3.5 Industry Analysis - Porter's
                       3.5.1.Supplier power
                       3.5.2.Buyer power
                       3.5.3.Threat of substitutes
                       3.5.4.Threat of new entrants
                       3.5.5.Competitive rivalry
                   3.6 U.S. Automotive Collision Repair Market - PEST Analysis
                       3.6.1.Political landscape
                       3.6.2.Environmental landscape
                       3.6.3.Social landscape
                       3.6.4.Technology landscape
                   3.7 U.S. Automotive Collision Repair Market - Key Company Analysis, 2017
Chapter 4 U.S. Automotive Collision Repair Market: Vehicle Type Estimates and Trend Analysis
                   4.1 U.S. Automotive Collision Repair Market: Vehicle Type Movement Analysis
                       4.1.1 U.S. Automotive Collision Repair Market by Vehicle Type
Chapter 5 U.S. Automotive Collision Repair Market: Product Type Estimates and Trend Analysis
                   5.1 U.S. Automotive Collision Repair Market: Product Type Movement Analysis
                       5.1.1 U.S. Automotive Collision Repair Market by Product Type
Chapter 6 U.S. Automotive Collision Repair Market: Service Channel Estimates and Trend Analysis
                   6.1 U.S. Automotive Collision Repair Market: Service Channel Movement Analysis
                       6.1.1 U.S. Automotive Collision Repair Market by Service Channel
Chapter 7 Competitive Landscape
                   7.1 Company Profiles
                       7.1.1 3M
                           7.1.1.1 Company overview
                           7.1.1.2 Financial performance
                           7.1.1.3 Product benchmarking
                           7.1.1.4 Recent developments
                       7.1.2 Automotive Technology Products LLC (ATP.)
                           7.1.2.1 Company overview
                           7.1.2.2 Financial performance
                           7.1.2.3 Product benchmarking
                           7.1.2.4 Recent developments
                       7.1.3 Continental AG
                           7.1.3.1 Company overview
                           7.1.3.2 Financial performance
                           7.1.3.3 Product benchmarking
                           7.1.3.4 Recent developments
                       7.1.4 Denso Corporation
                           7.1.4.1 Company overview
                           7.1.4.2 Financial performance
                           7.1.4.3 Product benchmarking
                           7.1.4.4 Recent developments
                       7.1.5 F Faurecia
                           7.1.5.1 Company overview
                           7.1.5.2 Financial performance
                           7.1.5.3 Product benchmarking
                           7.1.5.4 Recent developments
                       7.1.6 Federal-Mogul LLC
                           7.1.6.1 Company overview
                           7.1.6.2 Product benchmarking
                           7.1.6.3 Recent developments
                       7.1.7 Honeywell International, Inc.
                           7.1.7.1 Company overview
                           7.1.7.2 Financial performance
                           7.1.7.3 Product benchmarking
                           7.1.7.4 Recent developments
                       7.1.8 International Automotive Components Group
                           7.1.8.1 Company overview
                           7.1.8.2 Product benchmarking
                           7.1.8.3 Recent developments
                       7.1.9 Johnson Controls, Inc.
                           7.1.9.1 Company overview
                           7.1.9.2 Financial performance
                           7.1.9.3 Product benchmarking
                           7.1.9.4 Recent developments
                       7.1.10 Magna International Inc.
                           7.1.10.1 Company overview
                           7.1.10.2 Financial performance
                           7.1.10.3 Product benchmarking
                           7.1.10.4 Recent developments
                       7.1.11 Mann+Hummel Group
                           7.1.11.1 Company overview
                           7.1.11.2 Financial performance
                           7.1.11.3 Product benchmarking
                           7.1.11.4 Recent developments
                       7.1.12 Martinrea International Inc
                           7.1.12.1 Company overview
                           7.1.12.2 Financial performance
                           7.1.12.3 Product benchmarking
                           7.1.12.4 Recent developments
                       7.1.13 Robert Bosch GmbH
                           7.1.13.1 Company overview
                           7.1.13.2 Financial performance
                           7.1.13.3 Product benchmarking
                           7.1.13.4 Recent developments
                       7.1.14 Takata Corporation
                           7.1.14.1 Company overview
                           7.1.14.2 Financial performance
                           7.1.14.3 Product benchmarking
                           7.1.14.4 Recent developments

List of Tables

TABLE 1 Automotive collision repair - Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 U.S. automotive collision repair market, 2014 - 2025 (USD Billion)
TABLE 3 U.S. automotive collision repair market, by vehicle type, 2014 - 2025 (USD Billion)
TABLE 4 U.S. automotive collision repair market, by product type, 2014 - 2025 (USD Billion)
TABLE 5 U.S. automotive collision repair market by service channel, 2014 - 2025 (USD Billion)
TABLE 6 U.S. automotive collision repair - Key market driver impact
TABLE 7 U.S. automotive collision repair - Key market restraint impact
TABLE 8 Key automotive collision repair service providers, 2018
TABLE 9 Top insurers in U.S., 2018
TABLE 10 U.S. automotive collision repair in light-duty vehicles, 2014 - 2025 (USD Billion)
TABLE 11 U.S. automotive collision repair in heavy-duty vehicles, 2014 - 2025 (USD Billion)
TABLE 12 U.S. automotive collision repair in paints & coatings, 2014 - 2025 (USD Billion)
TABLE 13 U.S. automotive collision repair in consumables, 2014 - 2025 (USD Billion)
TABLE 14 U.S. automotive collision repair in spare parts, 2014 - 2025 (USD Billion)
TABLE 15 U.S. automotive collision repair in DIY, 2014 - 2025 (USD Billion)
TABLE 16 U.S. automotive collision repair in DIFM, 2014 - 2025 (USD Billion)
TABLE 17 U.S. Automotive Collision Repair in OE, 2014 - 2025 (USD Billion)

List of Figures

FIG. 1 Market segmentation & scope
FIG. 2 U.S. automotive collision repair market - Value chain analysis
FIG. 3 Market dynamics
FIG. 4 Porter's five forces analysis
FIG. 5 U.S. automotive collision repair market - PEST analysis
FIG. 6 U.S. automotive collision repair market share by vehicle type, 2018 & 2025
FIG. 7 U.S. automotive collision repair market share by product, 2018 & 2025
FIG. 8 U.S. automotive collision repair market share by service channel, 2018 & 2025