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Automotive Collision Repair: Global Market Forecast to 2026 - Expected to Reach $242.8 Billion - ResearchAndMarkets.com

June 22, 2018 GMT

DUBLIN--(BUSINESS WIRE)--Jun 22, 2018--The “Automotive Collision Repair - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering. The Global Automotive Collision Repair Market accounted for $171.82 billion in 2017 and is expected to reach $242.79 billion by 2026 growing at a CAGR of 3.9% during the forecast period. Growing demand to improve service quality, efficiency and profitability in various workshops, increasing concern for road safety and growing strict automobile standards and guidelines, technology in auto parts manufacturing and digitalization of automotive repair & maintenance services are the factors driving the market growth. However, environmental concerns and dependence on insurance are the factors hampering the market growth. By product, paints & coatings segment will exhibit the highest growth during the forecast period. The quickly growing coatings and paints technology in the auto business to meet the most recent protective automobile materials demand is the main factor for this growth. Based on end-user, Original Equipment Manufacturers (OEMs) will account the highest revenue due to the consumer’s high trust level towards the brand manufacturers. Coverage

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/research/mjvwmb/automotive?w=4

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Related Topics:Automotive Repair

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE AFTERMARKET

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/22/2018 08:38 AM/DISC: 06/22/2018 08:38 AM

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