US Auto Collision Repair Market Worth $ 37.6 Billion By 2025 | Grand View Research, Inc.
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the U.S. Automotive Collision Repair Market the size should reach $ 37.6 billion by 2025, by registering a 1.5% CAGR of 2019 to 2025, according to a new study from Grand View Research, Inc. The market is expected to grow due to the increasing adoption of automotive technologies in automotive manufacturing. The increasing use of 3D printing in applications such as automotive manufacturing and prototyping has also led to the increased adoption of auto repair services by automotive manufacturers in the industry. In addition, the increasing attention of manufacturers to the proliferation of technologies and increasing investment in research and development activities are also expected to contribute to the growth of the market.
The increasing digitization of auto repair and maintenance services has transformed the US market. Several startups now offer online services for regular maintenance as well as car repair. For example, Repair Pal, an auto repair and maintenance service app, offers repair and pick-up and drop-off services for users seeking help with car accidents, even in remote locations. These services allow users to get professional repair services on demand at their home or office. Users also have the option of selecting their technicians based on the type of vehicle and repair services required.
However, environmental concerns associated with the use of some of the repair materials are hampering the growth of the market. For example, paints and coatings contain large amounts of hazardous volatile organic compounds (VOCs), which cause air pollution. This led the US government to put in place regulations banning the use of hazardous paints and coatings. For example, the US EPA Design for Environment (DfE) Automotive Refinishing Partnership works with automotive repair and refinish shops to develop useful guidance documents and checklists. Auto repair and maintenance shops are required to follow these general health and safety checklists in their daily operations to reduce the proportion of hazardous waste produced.
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Highlights of the US Automotive Collision Repair Market Report
â¢ Increased demand for more expensive products such as advanced glass products and performance tires, electrochromic rear view mirrors and solar control windows is expected to boost aftermarket sales in the country.
â¢ The increasing use of sophisticated safety equipment in vehicles has led to an increase in the cost of collision repairs
â¢ The rapid evolution of paint and coating technology in the automotive industry to meet the latest automotive protective materials and aesthetic requirements is expected to drive the growth of the US automotive repair market.
â¢ Growing customer demand for repair warranty is one of the major factors supporting the growth of the OE segment in the market.
â¢ Governments and transport authorities in different countries have made it compulsory for customers to obtain insurance coverage, which is expected to help in the growth of the market
â¢ Strict government regulations and safety guidelines regarding the use of hazardous materials for auto repair are expected to challenge the growth of the market.
â¢ The industry is witnessing a trend of strategic alliances and collaborations between collision repair centers and major auto insurance companies to gain a competitive advantage in the market.
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US Automotive Collision Repair Market Segmentation
Grand View Research has segmented the US auto repair market on the basis of product type, vehicle type, and service channel:
United States Auto Collision Repair Product Type Outlook (Revenue, USD Billion, 2014 – 2025)
â¢ Paints and coatings
â¢ Spare parts
United States Auto Collision Repair Vehicle Type Outlook (Revenue, USD Billion, 2014 – 2025)
â¢ Light vehicles
â¢ Heavy vehicles
United States Auto Collision Repair Service Channel Outlook (Revenue, USD Billion, 2014 – 2025)
â¢ DIY (do it yourself)
â¢ DIFM (Do it for me)
â¢ OE (Managed by OEMs)
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About Grand View Research
Grand View Research is a market research and consulting company based in the United States and India. It is headquartered in San Francisco. We provide business intelligence, syndicated research reports, and custom research reports to large, small, and medium-sized businesses. Our database contains thousands of statistics and in-depth analysis on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional and global business environment.
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