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Automotive Collision Repair Market Revenue To Hit USD 208 Billion By 2025 Owing To Technological Advancements Coupled With Development In Automotive Repair | Million Insights

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Automotive Collision Repair Market Revenue To Hit USD 208 Billion By 2025 Owing To Technological Advancements Coupled With Development In Automotive Repair | Million Insights

July 20
06:16 2021
Automotive Collision Repair Market Revenue To Hit USD 208 Billion By 2025 Owing To Technological Advancements Coupled With Development In Automotive Repair | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global automotive collision repair market research report offers thorough insights on product, service, vehicle type and trends. This research report enables numerous opportunities for the market players to invest in research and development

The global automotive collision repair market size is anticipated to be USD 208.0 billion by 2025, as per a latest report by Million Insights. The market is anticipated to grow at a CAGR of 2.3% from 2019 to 2025. Technological advancements coupled with development in automotive repair are driving the market growth. For example, evolution of 3D printing has resulted in significant reduction of production costs.

Additionally, rise in number of alternate fuel vehicles is predicted to proliferate the market growth in the next few years. Alternative fuel vehicles that run on natural gas and hydrogen are gaining traction supported by governments’ favorable policies. For example, air quality is a key factor in California and Federal Clean Air Act aimed at reducing the vehicular emission.

To download the sample PDF of “Automotive Collision Repair Market” Report please click here: https://www.millioninsights.com/industry-reports/global-automotive-collision-repair-market/request-sample 

 

Rise in research activities and investment by several manufacturers offer lucrative opportunity for market growth. For example, 3M aftermarket segment in collaboration with West Coast Custom are aiming to increase the use of body fillers, coatings, adhesives, spray paints and abrasive. 

Europe held the largest share in the automotive collision repair market and expected to continue its dominance over the forecast period. North America is also projected to witness similar growth owing to rise in number of on-roads vehicles in the U.S and Canada. Further, growing sales of electric vehicles offers a lucrative opportunity for the market growth in these regions. 

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-automotive-collision-repair-market 

 

Further key findings from the report suggest:

• Adoption of advanced telematics system is projected to limit the market growth.

• In 2018, Europe accounted for more than 44.0% of the market share largely because of increased penetration of safety enabled vehicles.

• Further, the rise in sales of passenger cars is predicted to positively affect market growth.

• Key players operating in the market include Continental AG, Honeywell International, Inc., Mann+Hummel Group, Takata Corporation, Mitsuba Corporation, Magna International, Inc. and 3M among others.

Million Insights has segmented the global automotive collision repair market based on product type, vehicle type, service channel, and region:

Automotive Collision Repair Product Type Outlook (Revenue, USD Billion, 2014 – 2025)
    • Paints & Coatings
    • Consumables
    • Spare parts

Automotive Collision Repair Service Channel Outlook (Revenue, USD Billion, 2014 – 2025)
    • Do-It-Yourself (DIY)
    • Do-It-For-Me (DIFM)
    • Original Equipment (OE)

Automotive Collision Repair Vehicle Type Outlook (Revenue, USD Billion, 2014 – 2025)
    • Light-duty Vehicle
    • Heavy-duty Vehicle

Automotive Collision Repair Regional Outlook (Revenue, USD Billion, 2014 – 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
    • Asia Pacific
        • China
        • Japan
        • India
    • South America
        • Brazil
    • Middle East and Africa

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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