Stratview Research has recently published a report on 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). The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Automotive Collision Repair Market’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.
Covid-19 Analysis –
Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Automotive Collision Repair Market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
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The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
Based on the product type, the market is segmented as crash parts, paints and coatings, adhesives & sealants, abrasives, finishing compounds, and others. 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 offering restoration and refurbishment services.
In terms of regions, Asia-Pacific is estimated to be the largest growing automotive collision repair market during the forecast period. Rising road congestion 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.
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.
Key Players in the Automotive Collision Repair Market3M Company ATP Automotive Caliber Collision DuPont Continental Corporation Denso Corporation Faurecia Eastman Chemical Company Federal-Mogul Holdings Corp
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