Automotive Collision Repair Market is predicted to reach USD 242.7 billion at a CAGR of 2.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Automotive Collision Repair Market”.

The Market is estimated to register a CAGR of 2.50% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as key players in the global Automotive Collision Repair Market: 3M; Automotive Technology Products LLC; Continental AG; Denso Corporation; Faurecia; Federal-Mogul LLC; Honeywell International, Inc.; International Automotive Components Group; Johnson Controls, Inc.; Magna International Inc.; Mann+Hummel Group; Martinrea International Inc.; Mitsuba Corporation; Robert Bosch GmbH and Takata Corporation ODU GmbH & Co.KG.

Market Highlights

The global Automotive Collision Repairs market is expected to register a CAGR of 2.50% during the forecast period and is estimated to reach USD 242.7 billion by 2032.

Increased automotive traffic can be ascribed to factors such as global population expansion, rising disposable income, and exponential demand and sales of light-duty automobiles in emerging countries. This is causing an increase in automotive collisions. These reasons will fuel market growth. Furthermore, the rise of the e-commerce sector, combined with the immediate availability of genuine OEM spare parts, will benefit the automotive accident repair business. The high expense of automobile repair at specialist repair centers, even for small damages, may limit market expansion.

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Segmental Analysis

The global Automotive Collision Repair Market has been segmented based on Product, Vehicle Type, and Service channel.

The Product segments the market into Paints & coatings, Consumables, and Spare parts. The spare parts category dominated the worldwide automotive collision repair market. The segment's rapid rise is primarily due to the increasing frequency of automotive incidents around the world, which cause major damage to automobile parts.

The Vehicle Type segments the market into Light-duty vehicles and Heavy-duty vehicles. The light-duty category led the market in 2023 due to the continuous development of new products in the attempt to manufacture modern-day automobiles that provide optimal fuel utilization and are technologically advanced.

The Service channel has divided the worldwide Automotive Collision Repair Market into DIY, DIFM and OE. In 2023, the OE segment handled by OEMs accounted for the majority of sales. This is mostly because Original Equipment Manufacturers (OEMs) provide long-term guarantees and warranties for their products, which increases customer loyalty to the firm and product.

Regional Analysis

The global Automotive Collision Repair Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Automotive Collision Repair Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive Collision Repair Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive Collision Repair Market comprises of Middle East, Africa, and Latin America.

North America is the largest regional market for Automotive Collision Repairs. North America will adopt hybrid electric vehicles more quickly and broadly than other regions due to its greater rate of technological improvement. As a result of this trend, the region is expected to see an increase in the number of specialized automobile accident repair centers that service vehicles of a specific manufacturer, such as alternative fuel-powered vehicles.

Moreover, Europe has the industry's second-largest share. The region's rapid expansion is primarily due to the presence of significant automobile manufacturers in the area. In addition to being an automotive hub, the region experiences a high demand for luxury and smart vehicles each year, which increases the demand for maintenance equipment and parts. Furthermore, the prevalence of road fatalities in the region has been increasing year after year, indicating a strong demand for vehicle collision repair goods and services.

Additionally, Asia Pacific is the fastest-growing section of the Automotive Collision Repair market. This is attributable to rising living standards and high automobile manufacturing. It is also expected to be the fastest-growing market for vehicle manufacturing. The number of specialized repair shops dedicated to maintaining specific vehicles is expected to increase as gas and hybrid electric automobiles become more popular and widely used.

The rest of the world Automotive Collision Repair Market is segmented into three regions: the Middle East, Africa, and Latin America. These regions are likely to grow substantially in the next years since it is a prosperous manufacturing base and a potentially profitable market for sales of light-duty autos.

Key Findings of the Study

• The global Automotive Collision Repair Market is expected to reach USD 242.7 billion by 2032, at a CAGR of 2.50% during the forecast period.


• Asia Pacific is the fastest-growing section of the Automotive Collision Repair market, attributable to rising living standards and high automobile manufacturing.


• In 2023, the OE segment had the majority of market share based on service channel.


• 3M; Automotive Technology Products LLC; Continental AG; Denso Corporation; Faurecia; Federal-Mogul LLC; Honeywell International, Inc.; International Automotive Components Group; Johnson Controls, Inc.; Magna International Inc.; Mann+Hummel Group; Martinrea International Inc.; Mitsuba Corporation; Robert Bosch GmbH and Takata Corporation ODU GmbH & Co.KG are key market players.