Automotive Collision Repair Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Crash parts, Paints & Coatings, Adhesives & Sealants, Abrasives, Finishing Compound, and Others), By Vehicle Type (Passenger Cars, HCV & LCV, and Motorcycles) By Service Channel (OEM, Aftermarket, and Others), By Region Forecast 2019-2030

Automotive Collision Repair Market size was valued at USD 167,282.1 million in 2023 and growing at a CAGR of 2.8%. The market involves realigning the light-duty and heavy-duty cargo vehicles' panelling and structure. Using a variety of techniques, the damaged pieces are replaced or, if the damage is minor, it is removed. Spare components, paints and varnishes, and other refinishing tools are only a few of the materials that are used during the repair process. Increase in vehicle accidents, advancement in repair technology, rising vehicle ownership, and insurance coverage are some the key factors fuelling the market growth.

For instance, ADAS features are expected to be standard in approximately 60% of new vehicles globally, with projections indicating this number will rise to 80% by 2025 Specialized approaches are needed for the calibration and repair of vehicles equipped with ADAS. However, high repair costs, complexity of modern vehicles, lack of skilled technicians, and regulatory challenges are the limiting factors of the industry.

Furthermore, the growing market developing presents opportunities for expansion and new service offerings, technological integration, partnership and collaborations, and sustainability trends are opportunities for the automotive collision repair industry. In addition, the rise of advanced materials, digitalization, increased focus on customer experience, and growth of mobile repair services are the market trends for the automotive collision repair industry.

 Automotive Collision Repair Market Key Developments:

• In July 2023, I-CAR's Sustaining Partner Program was joined by BMW North America. The program contributes to funding collision repair education and support efforts, which lessen the need for redundant training. It is also intended for partners to show support and contribute money to I-CAR's industry-wide initiatives.
• In September 2022, During the Automechanika trade show, the Bosch Automotive Aftermarket division unveiled several items for the workshop sector. The DCU 120 diagnostic control unit for dependable and practical mobile workshop usage, the DAS 3000 for accurate calibration and adjustment of vehicle sensors and camera systems that support modern driver assistance systems, and the availability of the "Bosch Automotive Training Solution platform for organizing and facilitating technical training courses were a few notable ones.