Automotive Collision Repair Market Analysis

Explore In-Depth Automotive Collision Repair Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2030

Spare parts will hold the largest market share, of 45%, in 2024, and are expected to do the same in the coming years.
Spare parts include an extensive array of components, such as electrical parts, small mechanical parts, and large structural elements, which make up the basic skeleton of the automobile and allow it to function.
In addition, insurance firms usually pay for replacement parts; thus, new spares are used to replace damaged ones.
Furthermore, spare parts help restore the vehicle to its actual condition.
Moreover, with the increasing number of old vehicles, the need to replace their old parts is necessary.

The products included in this report are:

The original equipment category will hold the largest market share, of 55%, in 2024 because original equipment is required to create car models and ensure that every component fits precisely.
Original equipment guarantees the quality and proper operation of every component of the vehicle.
Moreover, vehicles that are fixed with original equipment have a high market value.

The services included in this report are:

Passenger vehicles will hold the larger market share, of 60%, in 2024 because they are frequently used for daily activities.
As per a report by SIAM, in FY 2022−23, passenger vehicle sales increased from 3,069,523 to 3,890,114 units. In these, sales of passenger cars increased from 1,467,039 to 1,747,376.
The demand for specialized repairs is rising due to the advanced systems installed in modern passenger cars.
In addition, owners of personal passenger cars are more attentive to their vehicles, which helps the market expand because they do not want their vehicles to get even a small dent or scratch.

Automotive Collision Repair Market Segments

The vehicle types analyzed in this report are:

Auto glass replacement will hold the largest market share, in 2024, and it is expected to do the same in the coming few years due to the windshields.
Auto glass components, such as windshields, rear windows, side windows, and quarter glass, are significant parts of vehicles.
Additionally, windshields are the number one insurance claim in the U.S., accounting for 30% of the auto insurance claims.
Edge cracks are listed as the cause in approximately 70-80% of these windshield replacement claims.

The repair types included in this report are:

Geographical Analysis

The APAC region will hold the largest market share, of 40%, in 2024 due to the high vehicle ownership rate.
As per the report Asia produces more than every second car in the world.
In terms of vehicle production, the Asia Pacific region is in the lead globally. In 2022, the percentage of automobiles produced in this region increased to 56%.
The economies of the countries in this region are growing rapidly, which is contributing to an increase in the number of vehicles.
In addition, the growing use of insurance in APAC is contributing to the market's significant expansion.
North America is expected to grow significantly in the forecast period.
For instance, the report from 2022 states that there were 283,400,986 registered automobiles in the U.S., of which 4,530,523 were held by the government and 278,870,463 were private or commercial vehicles.
Moreover, the strict regulatory compliance in North America for vehicle safety and emissions is helping the market grow.

Automotive Collision Repair Market Regional Analysis

The regions and countries analyzed in this report are:

North America

Europe

Asia Pacific (APAC) (Largest Region and Fastest-Growing Region)

Latin America (LATAM)

Middle East and Africa (MEA)