The North America Automotive Collision Repair Market would witness market growth of 1.7% CAGR during the forecast period (2021-2027).
Collision repairs begin with an estimate, which is now frequently completed with the use of computer programmes that offers specific information on what parts are required, repair techniques, and parts and labour costs. Some programmes can compare dealer and recycler inventories and make an order for the parts needed immediately. The body shop evaluates the exact degree of the damage, which can be difficult because part of it is hidden. The insurance company and the customer then engage to assess if the car can be repaired inexpensively and, if so, to sanction the work.
Institutions such as the United States' National Automotive Service Task Force (NASTF) have founded a Collision Repair Committee (CRC) to identify, recognize, and resolve repair/service flaws and assist vehicle repair centers in providing comprehensive and secure automotive restoration for car owners. To expand their customer base, certain automobile service companies are increasingly embracing artificial intelligence-based automated car inspection technology. Scope Technologies, a US-based tech firm, has created an AI-assisted automated car inspection system in partnership with Microsoft's Azure cloud computing. This full visual inspection process takes less than 5 minutes and saves around 50% of the costs.
The US market dominated the North America Automotive Collision Repair Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $40.9 billion by 2027. The Canada market is exhibiting a CAGR of 4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 3.1% during (2021 - 2027).
Based on Product, the market is segmented into Spare Parts, Consumables and Paints & Coatings. Based on Service Channel, the market is segmented into OE, do-it-yourself (DIY), and DIFM. Based on Vehicle Type, the market is segmented into Light-duty Vehicle and Heavy-duty Vehicle. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Collision Repair Market is Estimated to reach $208.3 Billion by 2027, at a CAGR of 1.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Automotive Technology Products LLC, International Automotive Components (IAC) Group, 3M Company, Continental AG, Robert Bosch GmbH, Honeywell International, Inc., Denso Corporation, Tenneco, Inc., Magna International, Inc., and Faurecia (Groupe PSA).
Scope of the Study
Market Segments Covered in the Report:
By Product
- Spare Parts
- Consumables
- Paints & Coatings
By Service Channel
- OE
- do-it-yourself (DIY)
- DIFM
By Vehicle Type
- Light-duty Vehicle
- Heavy-duty Vehicle
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Automotive Technology Products LLC
- International Automotive Components (IAC) Group
- 3M Company
- Continental AG
- Robert Bosch GmbH
- Honeywell International, Inc.
- Denso Corporation
- Tenneco, Inc.
- Magna International, Inc.
- Faurecia (Groupe PSA)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Collision Repair Market, by Product
1.4.2 North America Automotive Collision Repair Market, by Service Channel
1.4.3 North America Automotive Collision Repair Market, by Vehicle Type
1.4.4 North America Automotive Collision Repair Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
Chapter 4. North America Automotive Collision Repair Market by Product
4.1 North America Spare Parts Market by Country
4.2 North America Consumables Market by Country
4.3 North America Paints & Coatings Market by Country
Chapter 5. North America Automotive Collision Repair Market by Service Channel
5.1 North America OE Market by Country
5.2 North America Do-it-yourself (DIY) Market by Country
5.3 North America DIFM Market by Country
Chapter 6. North America Automotive Collision Repair Market by Vehicle Type
6.1 North America Light-duty Vehicle Market by Country
6.2 North America Heavy-duty Vehicle Market by Country
Chapter 7. North America Automotive Collision Repair Market by Country
7.1 US Automotive Collision Repair Market
7.1.1 US Automotive Collision Repair Market by Product
7.1.2 US Automotive Collision Repair Market by Service Channel
7.1.3 US Automotive Collision Repair Market by Vehicle Type
7.2 Canada Automotive Collision Repair Market
7.2.1 Canada Automotive Collision Repair Market by Product
7.2.2 Canada Automotive Collision Repair Market by Service Channel
7.2.3 Canada Automotive Collision Repair Market by Vehicle Type
7.3 Mexico Automotive Collision Repair Market
7.3.1 Mexico Automotive Collision Repair Market by Product
7.3.2 Mexico Automotive Collision Repair Market by Service Channel
7.3.3 Mexico Automotive Collision Repair Market by Vehicle Type
7.4 Rest of North America Automotive Collision Repair Market
7.4.1 Rest of North America Automotive Collision Repair Market by Product
7.4.2 Rest of North America Automotive Collision Repair Market by Service Channel
7.4.3 Rest of North America Automotive Collision Repair Market by Vehicle Type
Chapter 8. Company Profiles
8.1 Automotive Technology Products LLC (The Lodi Group)
8.1.1 Company Overview
8.2 International Automotive Components (IAC) Group
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Acquisition and Mergers:
8.2.2.2 Product Launches and Product Expansions:
8.3 3M Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.4 Continental AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Robert Bosch GmbH
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Honeywell International, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Denso Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.8 Tenneco, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional & Segmental Analysis
8.8.4 Research & Development Expenses
8.9 Magna International, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Acquisition and Mergers:
8.10. Faurecia (Groupe PSA)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional & Segmental Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Automotive Collision Repair Market, 2017 - 2020, USD Million
TABLE 2 North America Automotive Collision Repair Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automotive Collision Repair Market
TABLE 4 Product Launches And Product Expansions– Automotive Collision Repair Market
TABLE 5 Acquisition and Mergers– Automotive Collision Repair Market
TABLE 6 Geographical Expansions – Automotive Collision Repair Market
TABLE 7 North America Automotive Collision Repair Market by Product, 2017 - 2020, USD Million
TABLE 8 North America Automotive Collision Repair Market by Product, 2021 - 2027, USD Million
TABLE 9 North America Spare Parts Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Spare Parts Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Consumables Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Consumables Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Paints & Coatings Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Paints & Coatings Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Automotive Collision Repair Market by Service Channel, 2017 - 2020, USD Million
TABLE 16 North America Automotive Collision Repair Market by Service Channel, 2021 - 2027, USD Million
TABLE 17 North America OE Market by Country, 2017 - 2020, USD Million
TABLE 18 North America OE Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Do-it-yourself (DIY) Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Do-it-yourself (DIY) Market by Country, 2021 - 2027, USD Million
TABLE 21 North America DIFM Market by Country, 2017 - 2020, USD Million
TABLE 22 North America DIFM Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Automotive Collision Repair Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 24 North America Automotive Collision Repair Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 25 North America Light-duty Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Light-duty Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Heavy-duty Vehicle Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Heavy-duty Vehicle Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Automotive Collision Repair Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Automotive Collision Repair Market by Country, 2021 - 2027, USD Million
TABLE 31 US Automotive Collision Repair Market, 2017 - 2020, USD Million
TABLE 32 US Automotive Collision Repair Market, 2021 - 2027, USD Million
TABLE 33 US Automotive Collision Repair Market by Product, 2017 - 2020, USD Million
TABLE 34 US Automotive Collision Repair Market by Product, 2021 - 2027, USD Million
TABLE 35 US Automotive Collision Repair Market by Service Channel, 2017 - 2020, USD Million
TABLE 36 US Automotive Collision Repair Market by Service Channel, 2021 - 2027, USD Million
TABLE 37 US Automotive Collision Repair Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 38 US Automotive Collision Repair Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 39 Canada Automotive Collision Repair Market, 2017 - 2020, USD Million
TABLE 40 Canada Automotive Collision Repair Market, 2021 - 2027, USD Million
TABLE 41 Canada Automotive Collision Repair Market by Product, 2017 - 2020, USD Million
TABLE 42 Canada Automotive Collision Repair Market by Product, 2021 - 2027, USD Million
TABLE 43 Canada Automotive Collision Repair Market by Service Channel, 2017 - 2020, USD Million
TABLE 44 Canada Automotive Collision Repair Market by Service Channel, 2021 - 2027, USD Million
TABLE 45 Canada Automotive Collision Repair Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 46 Canada Automotive Collision Repair Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 47 Mexico Automotive Collision Repair Market, 2017 - 2020, USD Million
TABLE 48 Mexico Automotive Collision Repair Market, 2021 - 2027, USD Million
TABLE 49 Mexico Automotive Collision Repair Market by Product, 2017 - 2020, USD Million
TABLE 50 Mexico Automotive Collision Repair Market by Product, 2021 - 2027, USD Million
TABLE 51 Mexico Automotive Collision Repair Market by Service Channel, 2017 - 2020, USD Million
TABLE 52 Mexico Automotive Collision Repair Market by Service Channel, 2021 - 2027, USD Million
TABLE 53 Mexico Automotive Collision Repair Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 54 Mexico Automotive Collision Repair Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 55 Rest of North America Automotive Collision Repair Market, 2017 - 2020, USD Million
TABLE 56 Rest of North America Automotive Collision Repair Market, 2021 - 2027, USD Million
TABLE 57 Rest of North America Automotive Collision Repair Market by Product, 2017 - 2020, USD Million
TABLE 58 Rest of North America Automotive Collision Repair Market by Product, 2021 - 2027, USD Million
TABLE 59 Rest of North America Automotive Collision Repair Market by Service Channel, 2017 - 2020, USD Million
TABLE 60 Rest of North America Automotive Collision Repair Market by Service Channel, 2021 - 2027, USD Million
TABLE 61 Rest of North America Automotive Collision Repair Market by Vehicle Type, 2017 - 2020, USD Million
TABLE 62 Rest of North America Automotive Collision Repair Market by Vehicle Type, 2021 - 2027, USD Million
TABLE 63 Key Information – Automotive Technology Products LLC
TABLE 64 Key Information – International Automotive Components (IAC) Group
TABLE 65 Key Information – 3M Company
TABLE 66 Key Information – Continental AG
TABLE 67 key information – Robert Bosch GmbH
TABLE 68 Key information – Honeywell International, Inc.
TABLE 69 key information – Denso Corporation
TABLE 70 Key information – Tenneco, Inc.
TABLE 71 Key Information – Magna International, Inc.
TABLE 72 Key information – Faurecia
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Recent strategies and developments: International Automotive Components (IAC) Group
FIG 5 Recent strategies and developments: 3M Company
FIG 6 SWOT Analysis: Continental AG
FIG 7 Swot analysis: Robert bosch gmbh
FIG 8 Swot analysis: Honeywell international, inc.