The Automotive Collision Repair Services Market to sway through innovations at a CAGR of 5% between 2019 to 2029

Automotive collision repair services refer to repair and maintenance carried out for passenger and commercial vehicles, post a crash, collision, or accident. The global market for automotive collision repair services is estimated to be pegged at around US$ 95 Bn by 2019 end, registering a CAGR of nearly 5% from 2019 to 2027.

Increase in average vehicle age, poor quality of infrastructure, and increase in vehicle parc are considered to be prominent factors that will drive the growth of the global automotive collision repair services market over the forecast period. On the other hand, with rising concerns toward increasing number of road traffic deaths, legislations, vehicle standards, and road infrastructure are improving. This may, in turn, result in lesser collisions, consequently hindering the growth of the global automotive collision repair services market to some extent.

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FACTS AT A GLANCE

Companies: 3M,Abra Auto Body & Glass,BASF,Continental AG,Robert Bosch,Dupont,Honeywell International GmbH,Federal-Mogul Corporation,Denso Corporation,ZF Friedrichshafen AG

Coverage: All major geographies and key segments

Segments: Automotive Collision Repair Services Market Segmented By Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles in Parts and Components, Paints and Coatings Product

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

Persistence Market Research (PMR) recently published a study report on the global automotive collision repair services market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the automotive collision repair services market structure.

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This market research report represents exclusive facts and figures about how the automotive collision repair services market will grow over the forecast period.

Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market, are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the automotive collision repair services market over the forecast period.

The study is relevant for manufacturers, stakeholders, distributors, suppliers, and investors, and can help them understand applicable strategies to grow in the automotive collision repair services market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the automotive collision repair services market can leverage the information and statistics presented in PMR’s research report.

The report includes facts & figures related to the macro- as well as microeconomic factors that are impacting the growth of the automotive collision repair services market. The study also offers actionable insights based on the future trends in the automotive collision repair services market.

Furthermore, regional players and new entrants in the automotive collision repair services market can also use the information presented in this report to make business decisions and gain momentum in the market.

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