Global Automotive Collision Repair Market Size & Outlook
Global automotive collision repair market, 2017-2030 (US$M)
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Global automotive collision repair market highlights
- The global automotive collision repair market generated a revenue of USD 199,559.3 million in 2023 and is expected to reach USD 227,595.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 1.9% by 2030.
- In terms of segment, light-duty vehicle accounted for a revenue of USD 143,017.7 million in 2023.
- Light-duty vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 199,559.3 million |
| Market revenue in 2030 | USD 227,595.7 million |
| Growth rate | 1.9% (CAGR from 2023 to 2030) |
| Largest segment | Light-duty vehicle |
| Fastest growing segment | Light-duty vehicle |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Light-duty vehicle, Heavy-duty vehicle |
Other key industry trends
- In terms of revenue, the North America accounted for 22.8% of the global automotive collision repair market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 20,543.2 million by 2030.
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Automotive Collision Repair Market Scope
Automotive Collision Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive collision repair market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive collision repair market will help companies and investors design strategic landscapes.
Light-duty vehicle was the largest segment with a revenue share of 71.67% in 2023. Horizon Databook has segmented the Global automotive collision repair market based on light-duty vehicle, heavy-duty vehicle covering the revenue growth of each sub-segment from 2017 to 2030.
With advancements in technology, there has been a considerable global growth in the automotive Collision Repair market. Stringent production norms aimed at cutting down vehicle production costs have made automotive vendors improvise on optimizing their techniques and bring in advanced technology and innovation to their products to reduce automobile production costs in price complex markets.
The modern age production technology, such as 3D printing of automotive parts, is extensively being deployed by major players in the industry to optimize their production costs, with 3D printing enabling efficient fabrication performance and reduction of emission toxicity.
Advanced 3D production capabilities are being utilized by numerous leading manufacturers including Daimler AG (Germany) and BMW Group (Germany) in the production of spare parts and associated automobile components. For instance, Rolls-Royce Dawn is expected to use 3D printing technology for fabricating mounting brackets for wire hoses and fiber-optic cables.
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Target buyers of Global automotive collision repair market databook
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Our clientele includes a mix of automotive collision repair market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive collision repair market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive collision repair market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global automotive collision repair market size, by regions, 2017-2030 (US$M)
Top 10 countries: Automotive collision repair market size, 2023 (US$M)
Global automotive collision repair market share, by vehicle type, 2023 & 2030 (%, US$M)
Automotive collision repair market: Opportunity assessment by country
Global automotive collision repair market, by region, 2023 (US$M)
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