The U.S. automotive collision repair market size is expected to reach USD 37.6 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.
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U.S. Automotive
Collision Repair Market Report Highlights
- 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.
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U.S. Automotive
Collision Repair Market Segmentation
Grand View Research has
segmented the U.S. automotive collision repair market on the basis of product
type, vehicle type, and service channel:
U.S. Automotive
Collision Repair Product Type Outlook (Revenue, USD Billion, 2014 - 2025)
- Paints & Coatings
- Consumables
- Spare Parts
U.S. Automotive
Collision Repair Vehicle Type Outlook (Revenue, USD Billion, 2014 - 2025)
- Light-duty vehicles
- Heavy-duty vehicles
U.S. Automotive
Collision Repair Service Channel Outlook (Revenue, USD Billion, 2014 - 2025)
- DIY (Do it Yourself)
- DIFM (Do it for Me)
- OE (Handled by OEMs)
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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