Automotive Collision Repair Market Trends, Analysis & Forecast,2026

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Automotive Collision Repair Market Share, Trend
Growth Forecast to 2026
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Key Insights Automotive Collision Repair Market

• Increase in the number of privately owned
  vehicles, traffic congestion and associated
  vehicle collisions is likely to drive automotive
  collision repair market forecast. In 2018,
  Americans spent around USD 45.8 billion in
  collision repair-related sales and services and
  16.5 of the total spending accounted across the
  automotive aftermarket. Growth in vehicular
  traffic on roads due to consumer preference for
  comfortable personal cars is bringing a rise in
  annual motor accidents.
• Rapid urbanization rate in cities, growing
  population and increased motorization is the main
  cause of road traffic injuries and the leading
  causes of mortality. Lack of vehicle safety and
  driving regulations in developing economies is
  also contributing to rise in accidents, fueling
  automotive collision repair industry size.

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Continued

• Advanced tools and technology development for
  collision repair products has gained consumer
  attention. Moreover, cost-effective automotive
  aftermarket services will favor business growth
  in the coming years. It has been anticipated that
  global automotive collision repair market size
  will cross the USD 305 billion mark by 2026.
• Recycled part segment is set to grow notably
  during the same time period, in part due to the
  growing emphasis of manufacturers on developing
  environment-friendly automotive collision repair
  parts. These players are utilizing advanced
  technologies to develop recycled automotive
  collision repair parts and products at cheaper
  prices to attract customers.

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Major Companies Automotive Collision Repair
Market

• 3M
• ATP Automotive
• Caliber Collision
• Continental Corporation
• Denso Corporation
• DuPont

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Regional Automotive Collision Repair Market

• Asia Pacific automotive collision repair market
  is touted to grow at 4 CAGR through 2026 due to
  lack of traffic discipline and strict following
  of road safety regulations. Europe automotive
  collision repair market will register a steady
  growth rate over 2020-2026 on account of the
  presence of major automakers in the region
  including BMW, Daimler, Volkswagen, among others.
  However, imposition of strict road safety laws in
  the Western Europe may limit the demand for
  automotive collision repair parts to some extent.

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