Mexico Automotive Collision Repair Market Size & Outlook
Mexico automotive collision repair market, 2017-2030 (US$M)
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Mexico automotive collision repair market highlights
- The Mexico automotive collision repair market generated a revenue of USD 3,506.7 million in 2023 and is expected to reach USD 3,998.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 1.9% from 2024 to 2030.
- In terms of segment, light-duty vehicle was the largest revenue generating vehicle type in 2023.
- Light-duty vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Automotive collision repair market data book summary
| Market revenue in 2023 | USD 3,506.7 million |
| Market revenue in 2030 | USD 3,998.8 million |
| Growth rate | 1.9% (CAGR from 2023 to 2030) |
| Largest segment | Light-duty vehicle |
| Fastest growing segment | Light-duty vehicle |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Light-duty vehicle, Heavy-duty vehicle |
| Key market players worldwide | 3M Co, Continental AG, Denso Corp, Faurecia Clean Mobility, Honeywell International Inc, Lear Corporation, Johnson Controls International PLC, Magna International Inc, Martinrea International Inc, Mitsuba, Robert Bosch Engineering & Business Solutions |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.8% of the global automotive collision repair market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive collision repair market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,089.5 million by 2030.
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Automotive Collision Repair Market Scope
Automotive Collision Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 65.93% in 2023. Horizon Databook has segmented the Mexico automotive collision repair market based on light-duty vehicle, heavy-duty vehicle covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of Mexico 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 country-level data and insights on the Mexico automotive collision repair market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automotive collision repair market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico automotive collision repair market size, by vehicle type, 2017-2030 (US$M)
Mexico Automotive Collision Repair Market Outlook Share, 2023 & 2030 (US$M)
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