Recent research trends and the current scenario as well as future market potential of Automotive Collision Repair Market, Status and Forecast 2019-2026


The global automotive collision repair market size is anticipated to reach USD 219.62 billion by 2026 according to a new report published by Polaris Market Research. The report “Automotive Collision Repair Market Size, Share & Trends Analysis Report By Product (Paints and Coatings, Consumables, Spare Parts); By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two-Wheeler); By End-Use; By Region, Segments & Forecast, 2019 – 2026” provides current market insights and future market trends. In 2018, spare parts segment dominated the global market, in terms of revenue. In 2018, Europe accounted for majority share in global market. The market requires advanced protective materials which also meets the stylized highlights of the automobile. The quickly propelling paints and coatings innovation supports the market development. The organizations are under critical pressure to stiffen safety standards and guidelines and damages to vehicles which further aid market growth. The copious growth of hybrid and electric vehicles will offer market opportunities to growth during forecast period. Digitalization of automotive repair and collision services also supports market growth.


In 2018, Europe accounted for highest share of market revenue in global automotive collision repair market. The prime factors driving growth in the region include an established automotive industry, technological finesses and copious investments in R&D. Strict regulations responsible for vehicular safety and emissions accelerate growth in market. The rising safety concerns, unending list of accidents, introduction of driverless cars and car beautifications and ramp-up further increases the market growth in the region. The rise in driverless cars and a spurt in demand for electric vehicles increase the demand for market. With increasing sales and aging of vehicles globally, market is set to grow.
The global automotive collision repair market is segmented on the basis of product, vehicle type, end-use and geography. Based on product, the market is segmented into paints and coatings, consumables and spare parts. Spare parts accounted for highest share in market in 2017 owing to spate of road accidents on the road. The quickly propelling paints and coatings innovation which bend over to the desires for most recent defensive car material and done-up requests is the key explanation behind paints and coatings section development. Paints and Coatings are required to achieve expanded selection in high volume displays over the estimation time frame owing to overwhelming environment concerns relating to use of harmful synthetic coatings and refinishing materials.

About -Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

Contact us
Mr. Likhil
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

Comments

Post a Comment

Popular posts from this blog

LiDAR Drone Market Size Worth $372.5 Million By 2026 | CAGR: 31.7% |

The global  LiDAR Drone Market  size is expected to reach USD 372.5 billion by 2026 according to a new study by Polaris Market Research. The report  “LiDAR Drone Market Share, Size, Trends, Industry Analysis Report, By Type (Fixed-Wing, Rotary-Wing); By Range (Short Range, Medium Range, Long Range); By Component (Cameras, Navigation and Positioning Units, Laser Scanners, Others); By Application (Corridor Mapping, Aerospace and Defense, Mining, Construction, Entertainment, Environment, Agriculture, Others); By Regions; Segment Forecast, 2020 – 2026”  gives a detailed insight into current market dynamics and provides analysis on future market growth.   The demand for LiDAR drones is increasing owing to its ability to collect the data points at a faster rate. Some features offered by them include time and cost effectiveness, enhanced quality data, and increased safety. These drones are adopted across diverse applications such as transportation, forestry, hydrology,...
Read more

COVID-19 Impact ON Butane market: Opportunities for the Forecast Period till 2026

Polaris Market Research published its latest findings in a new study on butane market is estimated to reach USD 125.7 billion by 2026 growing at a CAGR of 7.3% from 2019-2026. The study provides in-depth analysis on different factors such as industry growth potential, market drivers, restraints and challenges. The study also focuses on different market dynamics which are expected to affect the market. The value-chain analysis in the report helps in understanding the overall market from both supply side and demand side. Request A Sample Report At:   https://www.polarismarketresearch.com/industry-analysis/butane-market/request-for-sample The study includes major players in the  Butane market  such as Exxon Mobil Corporation, British Petroleum, Royal Dutch Shell, Total S.A., China National Petroleum Corporation (CNPC), and China Petroleum and Chemical Corporation (SINOPEC). The study evaluates the overall  Butane market  by the following segments...
Read more

Net-Zero Energy Buildings Market Growth Rate And Forecast To 2026

  According to a new research published by Polaris Market Research the   net-zero energy buildings market   is anticipated to reach over USD 96,008 million by 2026. In 2017, the commercial net-zero energy buildings segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period. Several stringent energy consumption regulations passed by governments worldwide have boosted the adoption of net-zero energy buildings. Growing concerns regarding environment, depleting fuel resources, and increasing need to reduce energy consumption further support the growth of this market. Additionally, the increasing acceptance and reducing operation costs would boost market growth during the forecast period. Other factors supporting market growth include supportive government regulations, increasing awareness, and technological advancements. Increasing investments by vendors in technolog...
Read more